Compensation & Benefits Specialist

People Operations

Compensation & Benefits Specialist

The Compensation and Benefits Specialist coordinates and manages the employee compensation and benefits programs.  This role has the purpose of keeping our compensation and benefits competitive and inspiring for our Scorpions.

Responsibilities:

  • Administers employee insurance programs including life, disability, and health insurance plans.
  • Administers employee savings plans that may include the company’s 401(k) plan, personal savings plans, and deferred compensation programs.
  • Handling all employee inquiries for benefits administration (ie. qualifying events, enrollment questions, benefit meetings)
  • Advises and informs employees of changes and developments related to benefits including eligibility, coverage, and provisions.
  • Handling Open Enrollment from start to finish.
  • Maintaining accurate file feed records.
  • Researches and compares incentive compensation plans offered by demographically comparable organizations; assess competitors’ plans and makes recommendations for enhancements or improvements required to keep the organization’s plans competitive and effective.
  • Facilitates accurate and timely delivery of employer contributions and employee payroll deductions to carriers, plan administrators or other appropriate service providers.
  • Completes records, reporting, and other documentation required by federal, state, and provider rules, regulations, and policies.
  • Conducts employee surveys, census, and other research and demographic efforts required to collect accurate quotes from benefit providers.
  • Identifies and selects carriers and plans based on quotes, available benefits, and prior experience.
  • Monitors administrators and insurance carriers’ reports to ensure the organization’s compliance with plan requirements.
  • Ensures the organization’s and plans’ compliance with the applicable provisions of COBRA, HIPAA, and ERISA.
  • Maintains knowledge of economic conditions, labor market, and other factors related to ensuring the organization provides competitive and reasonable benefits and compensation scales and structures.
  • Maintains knowledge of trends, developments, and best practices in compensation and benefits administration.
  • Performs other related duties as assigned. 

Abilities:

  • Excellent verbal and written communication skills.
  • Extensive knowledge of employee benefits and compensation.
  • Strong analytical and problem-solving skills.
  • Excellent time management skills with a proven ability to meet deadlines.
  • Thorough knowledge of COBRA, HIPAA, and ERISA requirements.
  • Proficient with Microsoft Office Suite and Google Suite.

Experience:

  • 2 to 4 years of experience administering compensation or benefits programs required.
  • Bachelor’s degree in Human Resources, Business, Finance, or related helpful.
  • SHRM-CP or PHR preferred.

* Please include a cover letter with your resume containing the following information: first available interview and start date, salary requirements and portfolio link (if applicable).

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