Compensation and Benefits Analyst
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Job Description
Compensation and Benefits Analyst managing HR operations and compliance processes. Supporting benefits, retirement plans, and compensation data integrity for Connexus Credit Union.
Responsibilities:
- Support administration of health and welfare benefit programs, including vendor coordination and issue resolution.
- Maintain and execute required benefits compliance and reporting activities (e.g., CMS reporting, CAA reporting, PCORI fees, nondiscrimination testing).
- Establish, manage, and continuously improve ACA processes, including eligibility tracking, measurement periods, reporting, and audit readiness.
- Assist with annual benefits renewal processes including data gathering, analysis, and implementation support.
- Partner with vendors and internal stakeholders to ensure accurate and timely benefit administration.
- Support administration of retirement plans including 401(k) and 457(b).
- Coordinate plan documentation, payroll processing, and employee transactions such as rollovers and distributions.
- Support 401(k) compliance activities including census preparation, audit support, and Form 5500 reporting.
- Manage vendor coordination including access, file feeds, and issue resolution.
- Maintain and support benefits and compensation configuration within Workday, including eligibility rules, plan setup, and business processes.
- Support Workday releases through testing, validation, and production readiness.
- Monitor and support vendor integrations to ensure accurate data flow between systems.
- Assist in identifying opportunities to improve system efficiency, automation, and data accuracy.
- Support benefits-related payroll processes including billing reconciliation, arrears tracking, and deduction accuracy.
- Perform audits related to benefits deductions, HSA limits, retirement plan limits, and payroll integrations.
- Assist in managing benefit earnings and deduction code setup and maintenance.
- Support open enrollment configuration and validation within Workday.
- Assist with job evaluations, compensation data updates, and benchmarking support.
- Support compensation processes such as merit planning, market adjustments, and incentive administration.
- Maintain data integrity within compensation systems including PayScale and Workday.
- Assist with reporting and analysis to support compensation decisions and workforce planning.
- Produce standard and ad hoc reports related to compensation and benefits programs.
- Support audits and compliance reviews through accurate data reporting and documentation.
- Identify trends, discrepancies, and opportunities for process improvement through data analysis.
- Provide support to employees and leaders regarding compensation and benefits programs.
- Assist in resolving inquiries related to benefits, payroll deductions, and compensation processes.
- Contribute to a positive employee experience through accurate, timely, and clear administration of total rewards programs.
Requirements:
- Bachelor’s degree in Human Resources, Business, Finance, or a related field is Required.
- 5+ years of experience in compensation, benefits, HR operations or payroll is Required.
- Experience supporting benefits administration and compliance processes is Required.
- Previous experience working with HRIS systems such as Workday is Required.
- Understanding of compensation and benefits compliance (FLSA, ACA, ERISA, CMS reporting, etc.) is Required.
- SHRM-CP, CEBS or CCP Certification.
Benefits:
- 25 days of paid time off and 10 paid holidays
- 16 hours of paid Volunteer Time Off
- 401K Retirement with up to 6% employer match
- Excellent Health, Dental, Vision insurance, including multiple plan options
- Health Savings Account with generous employer contributions
- Employer paid Life insurance, Short-Term and Long-Term Disability
- Tuition Reimbursement from $4,000 - $7,000 per calendar year
- Robust Learning and Development program that includes an annual professional development stipend
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