Compensation and Benefits Specialist

Role Summary:

Under general direction of the Head of People Operations (HPO), the Compensation & Benefits Specialist will be responsible for managing company Compensation and Benefits initiatives. The Compensation & Benefits Specialist will also support the day-to-day activities of the HR & TA team and be the primary contact for company Compensation & Benefits programs. 

Role Responsibilities:

Provides high level of customer service in below areas by ensuring issues are resolved timely, accurately, and efficiently. Typically handles standard/routine problems/issues and refers more complex issues to HPO for consultation/resolution.

Compensation Support – 40% of time

• Contributes to the on-going review of the compensation guidelines, policies, and practices to ensure alignment with industry best practices. 
• Participates in the administration of the CARIAD’s compensation programs to support the needs of the company. This includes evaluating and analyzing market intelligence, utilizing it to inform the HPO of new trends in the area of Compensation.
• Conduct job evaluations as needed. Assigns internal grading of jobs based on job evaluation criteria. Ensure jobs are appropriately classified under the FLSA.
• Maintains database of job descriptions ensuring accuracy and availability to HR team members and business areas when needed. Perform ongoing clean-ups and reviews of the database to maintain relevance of information. 
• Assist Head of People Operations in the administration of the company’s annual bonus and merit planning process. This includes helping in the creation and development of a compensation planning tool, gathering of data from various reports to determine employee eligibility and developing communications that are disseminated to HR and business areas.
• Provide various ad-hoc compensation analysis to support internal initiatives as needed. 
• Ensure CARIAD is operating in compliance with federal and state laws, including FLSA evaluations and EEO reporting.
• Provide audit support activities by pulling reports, gathering data and organizing the data to support inquiries into compensation actions. 
• Assist in participation of annual compensation surveys.

Benefits – 50%

• Serving as the primary benefits point of contact with internal stakeholders, vendors and consultants. 
• Identifying and implementing opportunities to improve the benefits experience for employees. 
• Managing vendor set up, funding and cash payments to health and welfare vendors, with particular focus on investigating, resolving discrepancies and tracking and monitoring of the company's self-funded plans, working closely with Finance.
• Responsible for processing of Savings & Retirement Plans funding wires and investigating & resolving discrepancies.
• Collecting data to monitor participation, utilization rates and trends on a regular basis. Identify problem areas in service delivery processes, troubleshoot issues and recommend solutions.
• Contributing to the design, development and review of employee communications and marketing material regarding health benefits, including development of benefits training, summary plan descriptions and plan documents, to assist geographically dispersed employee workforce and their dependents' understanding and value of benefits programs/services.
• Staying current on emerging and new legislation to provide recommendations to HPO on potential changes necessary for compliance.
• Ensuring all plan filings and audits are performed to maintain plan qualification and governmental compliance of including but not limited to ACA Reporting, Employee Retirement Income Security Act (ERISA), DOL, and Internal Revenue Code.
• Coordinating with third-party vendors and consultants to ensure quality and efficiency of delivery of benefit programs.
• Assisting in the implementation of new benefit programs, as required.
• Process all employee benefit enrollments and changes, including annual enrollment, utilizing internal and external resources.