Sr. Compensation & Benefits Analyst
Are you looking to make an impactful difference in your work, yourself, and your community? Why settle for just a job when you can land a career? At ICW Group, we are hiring team members who are ready to use their skills, curiosity, and drive to be part of our journey as we strive to transform the insurance carrier space. We're proud to be in business for over 50 years, and its change agents like yourself that will help us continue to deliver our mission to create the best insurance experience possible.
Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for ten consecutive years as a Top 50 performing P&C organization offering the stability of a large, profitable and growing company combined with a focus on all things people. It's our team members who make us an employer of choice and the vibrant company we are today. We strive to make both our internal and external communities better everyday! Learn more about why you want to be here!
PURPOSE OF THE JOB
The Senior Compensation & Benefits Analyst plays a critical role in supporting the design, administration, and continuous improvement of the organization's Total Rewards programs. This positionis responsible foradministering employee benefits programs, analyzing compensation and benefits data, ensuring compliance with applicable laws and regulations, and supporting initiatives that attract,retain, and engage top talent. The role partners closely with HR leadership, Finance, Payroll, external brokers, and vendors to ensure the organization's compensation and benefits programsremaincompetitive, compliant, and aligned with the company's strategic goals.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Benefits Administration
Administers employee benefits programs including medical, dental, vision, life insurance, disability, retirement plans, wellness initiatives, and leave programs.
Coordinates dailybenefitsprocessing including enrollments, COBRA, terminations, beneficiary updates, and qualifying life event changes.
Serves as the primary point of contact forbenefitsvendors, brokers, and third-party administrators.
Collaborates with Payroll to ensure benefit deductions are processed accurately.
Reconciles and processesbenefitspremiums andservesas administrator for benefits billing systems.
Maintainsaccuratebenefitsrecords and documentationin accordance withfederal, state, and vendor requirements.
Conducts regularbenefitsaudits to ensure compliance, data accuracy, and proper vendor data transmission.
Completes regulatory filings and nondiscrimination testing for applicable benefits plans.
Ensuresall plan documents and policiesremaincurrent and compliant with applicable regulations.
Compensation & Total Rewards Analysis
Supports the administration and analysis of compensation programs including salary structures, job evaluations, and pay practices.
Conducts market benchmarking and compensation analysis using salary surveys and market data.
Assists with compensation review cycles including merit increases, promotions, and bonus planning.
Analyzes compensation and benefits data to identify trends and support strategic decision-making.
Provides insights and recommendations to support competitive and equitable pay practices.
Assists with maintaining compensation structures, joblevelingframeworks, and salary ranges.
Performs hands-on analysis of compensation and benefits data by pulling reports, validating data, reconciling discrepancies, tracking trends, and identifying exceptions that require follow-up.
Prepares practical spreadsheets, summaries,trackers,andvarianceanalyses to supportmerit cycles, benefit renewals, budgeting, vendordiscussions, and leadershiprequests.
Benefits Strategy and Program Design
Evaluatesexisting benefits programs and benchmarks offerings against industry standards.
Conducts research on new or improvedbenefits offeringsand wellness initiatives.
Partners with HR leadershipto recommendenhancements that improve employee experience and support recruitment and retention goals.
Supports implementation of new benefits programs or program changes.
Benefits Communication & Employee Support
Serves as a key point of contact for employee benefits inquiries, resolving issues with accuracy and empathy.
Develops and delivers clearbenefitscommunications to employees and managers.
Coordinates and administers the annual open enrollment process, including communications, system updates, and employee education.
Facilitates benefits information sessions and prepares presentation materials as needed.
Ensuresemployees understand available benefits programs and how to access them.
Develops andmaintainsjob aids, process guides, FAQs, checklists, and employee-facing resources to improve understanding of benefits processes and Total Rewards programs.
Compliance & Reporting
Ensures compliance with applicable federal, state, and local regulations including ERISA, HIPAA, COBRA, ACA, and other regulatory requirements.
Maintains requiredbenefitsdocumentation and prepares regulatory reports and filings.
Prepares reports, dashboards, and presentations for HR leadership related to benefitsutilization, costs, and trends.
Stays informed of legislative changes and industry trends impacting compensation and benefits programs.
Reviews reporting outputs for data issues, unusual changes, missing information, and process gaps;followsup with HR, Payroll, Finance, vendors, or employees to resolve issues.
EDUCATION AND EXPERIENCE
Bachelor's degree in Human Resources, Business Administration, Finance, ora relatedfieldrequired. Equivalent experience may be considered in lieu of a degree.
Minimum 5–6 years of experience in benefits administration, compensation analysis, or Total Rewards.
Experience working with HRIS systems such as Workday preferred.
Experience with compensation benchmarking tools or survey platforms preferred.
PREFERRED CERTIFICATIONS
Experience developing job aids, standard operating procedures, employee guides, orprocessdocumentation preferred.
Professional in Human Resources (PHR) or SHRM-CP
Certified Benefits Professional (CBP) or Certified Compensation Professional (CCP)
KNOWLEDGE AND SKILLS
Strong knowledge of benefits regulations and compliance requirements.
Working knowledge of compensation structures, market benchmarking, and pay practices.
Strong hands-on analytical and problem-solving skills, including the ability to pull reports,validatedata, reconcile discrepancies, andidentifyexceptions requiring follow-up.
Advancedproficiencyin Microsoft Excel, including formulas, pivot tables, lookups, data validation, variance tracking, andmaintainingpractical trackers and summary files.
Ability to interpret compensation and benefits data, summarize findings clearly, and translate reporting outputs into practical next steps for HR, Payroll, Finance, vendors, and leadership.
Skilled in reviewing reports and system outputs for missing information, unusual changes, data quality issues, and process gaps.
Ability to create andmaintainjob aids, process guides, checklists, FAQs, and user-friendly documentation that support consistent Total Rewards processes.
Strong organizational and project management skills.
Excellent written and verbal communication skills.
Ability tomaintainconfidentiality and professionalism when handling sensitive information.
PHYSICAL REQUIREMENTS
Office environment – no specific or unusual physical demands. Employeesare regularly required tosit, stand, walk, talk, and hear.
WORK ENVIRONMENT
This positionoperatesin a professional office environment and requires regular use of a computer, telephone, copier, and other standard office equipment.
We are currently not offering employment sponsorship for this opportunity.
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The current range for this position is
$90,559.93 - $152,723.07This range is exclusive of fringe benefits and potential bonuses. If hired at ICW Group, your final base salary compensation will be determined by factors unique to each candidate, including experience, education and the location of the role and considers employees performing substantially similar work.
WHY JOIN ICW GROUP?
Challenging work and the ability to make a difference
You will have a voice and feel a sense of belonging
We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match
Bonus potential for all positions
Paid Time Off
Paid holidays throughout the calendar year
Want to continue learning? We'll support you 100%
ICW Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. ICW Group will not discriminate against an applicant or employee on the basis of race, color, religion, national origin, ancestry, sex/gender, age, physical or mental disability, military or veteran status, genetic information, sexual orientation, gender identity, gender expression, marital status, or any other characteristic protected by applicable federal, state or local law.
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Job Category
Shared Services