Benefits and Compensation Analyst

Company: Benihana
Location: Miami
Posted on: May 15, 2022

Job Description:

Position Summary: The Benefits and Compensation Analyst under general supervision of the Benefits Manager is responsible for the daily interpretation and administration of the Company's benefits and company-sponsored programs in regard to plan options, policy features, enrollment, and other requirements. S/he also supports compensation activities like market research, compensation analysis and salary surveys.Essential Functions and Responsibilities:

• Administers employee benefits such as medical, dental, vision, life insurance, disability, vacation, sick, worker compensation, leave of absence and retirement plans.
• Consults with and counsels employees on eligibility for insurance, and other benefits, amounts of coverage and claims procedures.
• Partners with management on all communications with employees.
• Conducts orientation programs on benefits as needed.
• Monitors and prepares changes and updates to all benefits communication materials.
• Ensures company compliance with federal and state laws.
• Maintains benefits records and prepares documents necessary for implementing benefit coverage.
• Interprets benefit policies, reviews claims and ensures all required forms and legal documents are supplied.
• Coordinates with carriers and providers in monitoring claims and billings for employees and assists employees with appropriate problem resolution.
• Researches and prepares reports for management on benefits issues as assigned.
• Prepares benefits communications as needed. Works with management on dissemination of communication and changes.
• Participates in surveys and other benchmarking activities to assess programs and solutions as assigned; and assists in procurement and evaluation of bids for services or benefit and compensation programs.
• Oversees timely and accurate processing of all terminations, court ordered health support orders, benefit verifications, qualified status changes and leaves of absence
• Reviews and analyzes changes to state and federal laws pertaining to benefits, and reports necessary or suggested changes to management. Coordinates company benefits, with government sponsored programs.
• Develops benefit information and statistical and census data for actuaries, insurance carriers, and management.
• Handles benefit inquiries and complaints to ensure quick, equitable, courteous resolution. Works with HR Managers to ensure inquiries are handled promptly and efficiently.
• Maintains benefits records, to include enrollment documents, claims records and subpoenas for all benefit plans.
• Explains workers compensation and governmental rules, regulations, and procedures, and need for compliance.
• Participates in audit requirements through development and generation of requested reports.
• Bill reconciliation for health insurance.
• Performs salary benchmark salary analysis and other compensation analysis as requested.
• Prepares compensation reports as instructed by management.
• Performs required research to ensure competitive compensation structures are in place.
  • Other duties as assigned. Skills/Knowledge:
    • Knowledge of all pertinent federal and state regulations, filing and compliance requirements both adopted and pending affecting employee benefit programs, including ERISA, COBRA, FMLA, ADA, SECTION 125, Workers Compensation, Medicare, Social Security and DOL requirements.
    • Excellent verbal and written communication skills.
    • Ability to effectively plan, organize and meet deadlines while maintaining a high level of quality and confidentiality.
    • Displays strategic thinking and good judgment when faced with complex or difficult situations and decisions.
    • Advanced Microsoft Suite computer skills required. (Word, Excel, PowerPoint, etc.) Education/Experience:
      • A minimum of a Bachelor's Degree in Business Administration or an equivalent combination of education and job-related experience.
      • A minimum of three (3) years' experience in a benefits analyst or administrator role is required. Competencies: To perform the job successfully, an individual should demonstrate the following competencies:
        • Business Acumen - Employs analytical, critical thinking, and problem solving skills; plans and efficiently organizes work, appropriately seeks, manages, integrates and interprets data. Able to prioritize work and make sound decisions using available data. Exercises good judgment and is committed to excellence and operational integrity.
          • Collaboration & Customer Relationships - Understands the value of diverse talents and perspectives and encourages diversity of thought and ideas. Is always professional when dealing with internal and external customers. Works through differences and finds a productive common ground with others to achieve mutually beneficial results. Has a strong sense of customer service.
            • Functional Expertise - Achieves success through a comprehensive knowledge of industry and business as it relates to position. Applies creative solutions resulting in internal and external customer satisfaction. Demonstrates initiative and is accountable for own actions and decisions.
              • Communication Skills - Has good verbal and written skills; is effective when communicating with peers and superiors as well as with customers and others outside the company. Expresses opinions and ideas concisely. Encourages two-way communication. Supervisory Responsibilities: None Work Environment: General office environment. Lighting and temperature are adequate, and there are no hazardous or unpleasant conditions caused by noise, dust, etc. Work is generally performed within an office environment, with standard office equipment available. The noise level in the work environment is usually moderate. Travel Requirements: Negligible required. Physical Requirements: Work is generally sedentary in nature, exerting up to 25 pounds of force occasionally to lift, carry, push, pull, or otherwise move objects. Walking and standing may be required, up to 15% of the time. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.The essential duties and responsibilities listed in this job description are intended to describe the general nature and level of work being performed. They are not intended to be construed, as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. Management retains the right to assign or reassign duties and responsibilities to this job at any time for any reason, including reasonable accommodation.PI177520461

Keywords: Benihana, Miami , Benefits and Compensation Analyst, Professions , Miami, Florida