Senior Compensation & Benefits Analyst

Company: Meso Scale Diagnostics
Location: Rockville
Posted on: June 20, 2022

Job Description:

POSITION SUMMARYThe Senior Compensation & Benefits Analyst is responsible for participating in the development, implementation and monitoring of the Company's compensation policies, procedures, practices and programs as well as researching, analyzing and administering benefit plans. The Senior Compensation and Benefits Analyst provides compensation guidance to HR and other department managers as needed, maintains current knowledge base of compensation trends and federal and state regulations, and assists with the administration and communication of benefit information to employees, management, beneficiaries, and vendors.DUTIES AND RESPONSIBILITIES:Completes job level evaluation and benchmarking requests for new and existing positions using relevant market data.Prepares and maintains detailed job descriptions and classifications systems, and defines and modifies job levels and families. Ensures job titles reflect correct job codes and maintains employee data integrity in the HRIS and compensation databases.Completes annual market analysis to include completing salary survey submissions, and analyzes market movement to evaluate competitiveness.Manages the annual compensation cycle and key activities by supporting the annual salary and incentive review and reporting on spend to budget of salary and incentives.Partners with recruiting team to establish salary offers for candidates that are externally competitive and internally equitable.Acts as a primary employee contact for all benefits programs; using benefits plan documents and other reference materials to address employee questions and concerns for resolution in a timely manner. Demonstrates strong engagement when educating and responding to inquiries.Partners in the development of benefits communication and education during open enrollment and throughout the year. Manages open enrollment process including system design and testing, open enrollment communications and training, and audit of open enrollment data in multiple vendor systems.Processes and reconciles benefits vendor billing invoices for Manager and VP approvals.Ensures Company's HRIS & Intranet sites as it relates to Benefits information is current.Assists with New Hire Benefits Orientation meetings in person and remotely for field staff. Ensures accuracy and annual updating of benefits orientation and benefits related recruiting materials.Provides analytical support and data analysis on projects and metrics including, but not limited to, the annual performance review process, annual 1095-C compliance, and annual compensation cycle.Oversees workers compensation, employee master file processing and reporting, and leave of absence administration.Ensures accuracy of employee and benefit database via audits and system corrections; performs reconciliation of benefits vendor data file feeds and invoices. Processes discrepancy reports from vendor file feeds.Manages functionality and data integrity of HR systems, focusing on updating and maintaining the UltiPro system across the global organization and works to ensure HR systems and data are properly utilized. Provides technical support, trouble-shooting and guidance to UltiPro users, maintains user access rights and workflow administration, and resolves user and system problems.Participates as a member of the Human Resources team, attending staff meetings, and supporting the implementation and administration of various department initiatives, managing, performing or assisting with various projects, processes, and programs.Ensures compliance with all applicable federal and state employment laws and maintains the confidentiality of all Human Resources-related information and other confidential matters.Recommends improvements and enhancements to Human Resources processes and procedures.EXPERIENCE AND QUALIFICATIONS:A Bachelor's degree in Human Resources, Business Administration, Management or other HR related field and 5-7 years' of relevant human resources work experience in benefits/compensation administration and HRIS management or any appropriate combination of education and experience.SHRM Certified Professional (SHRM-CP), Senior Certified Professional (SPHR) or compensation certification a plus.Expert working knowledge of Federal/state labor laws and regulations (FMLA, PPACA, Worker's Compensation, COBRA, and Section 125). Strong knowledge of health and welfare benefits.Proven self-starter with skill to achieve results with minimal supervision.Strong multi-tasking and time management skills with the ability to meet tight deadlines.Ability to be proactive to solve problems and research new ideas and technologies quickly.Mathematical competency along with an understanding of qualitative and quantitative metrics with the ability to perform calculations accurately and reconcile numbers.Strong analytical and technical skills. Ability to generate and manipulate system reporting.Excellent communication skills, both written and verbal.Technically proficient, with in-depth knowledge of at least one HRMS; experience with UltiPro preferred.Ability to ensure state and federal compliance requirements are met.Ability to work with all levels of the organization.PHYSICAL DEMANDS:This position requires the ability to communicate and exchange information, utilize equipment necessary to perform the job, and move about the office. Some travel required.WORK ENVIRONMENT:This position is performed in a standard office environment.

Keywords: Meso Scale Diagnostics, Rockville , Senior Compensation & Benefits Analyst, Professions , Rockville, Maryland