Compensation and Benefits Analyst
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RESPONSIBILITIES
- Conduct compensation benchmarking, job evaluations, and salary surveys to support competitive compensation structures.
- Assist in the development and maintenance of salary ranges and incentive programs.
- Support the administration of employee benefits programs including health insurance, retirement plans, wellness initiatives, and leave programs.
- Perform benefit reconciliation audits to ensure accurate enrollment, deductions, and vendor billing across health, retirement, and wellness programs.
- Generate compensation and benefits reports and provide data analysis to support HR decisions.
- Collaborate with HR, finance, and department leaders to support workforce planning and budgeting.
- Ensure compliance with federal, state, and local laws and regulations affecting compensation and benefits.
- Assist in the communication and education of employees regarding total rewards programs.
- Partner with external vendors, and consultants as needed
- Identify discrepancies, control weaknesses, or non-compliance issues and recommend corrective actions for benefits.
- Collaborate with HR, Finance, and Legal teams to ensure compensation and benefits practices are transparent, equitable, and legally compliant.
- Prepare detailed audit reports for compensation and benefits programs and present findings.
- Monitor changes in compensation and benefits regulations and assess their impact on internal policies.
- Coordinate and support internal and external audits of retirement plans (e.g., 401(k), pension plans), ensuring accurate and timely data submission.
- Ensure retirement plan compliance with ERISA, IRS, and DOL regulations; monitor plan operations and recommend corrective actions when needed.
- Review and execute short-term incentive (STI) plans to assess effectiveness, participation, and alignment with business objectives.
- Review of annual merit increases, to highlight findings and recommend improvements.
- Perform additional duties as required.
QUALIFICATIONS
- Bachelor’s degree in Accounting, Finance, Business, Human Resources, or a related field.
- Bilingual in English and Spanish
- 2–4 years of experience in compensation and/or benefits analysis or HR analytics.
- Strong analytical and quantitative skills
- High level of integrity and discretion in handling confidential information.
- Proficiency in Microsoft Excel, Word and Power Point and familiarity with HRIS or benefits compliance software.
- Adaptability to change priorities and willingness to learn and grow in a dynamic work environment.
- Experience with Power BI, is a plus
- Candidate must reside in the Greater Santo Domingo Area
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