Sr. Compensation & Benefits Analyst

ICW Group • San Diego, CA

4d • $90,560 - $152,723 • Hybrid

About The Position

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 position is responsible for administering 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 programs remain competitive, compliant, and aligned with the company’s strategic goals.

Requirements

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field required. Equivalent experience may be considered in lieu of a degree.
• Minimum 5–6 years of experience in benefits administration, compensation analysis, or Total Rewards.
• Strong knowledge of benefits regulations and compliance requirements.
• Working knowledge of compensation structures, market benchmarking, and pay practices.
• Strong analytical and problem-solving skills with attention to detail.
• Advanced proficiency in Microsoft Excel and intermediate proficiency in Word and PowerPoint.
• Ability to interpret data and present insights to HR leadership.
• Strong organizational and project management skills.
• Excellent written and verbal communication skills.
• Ability to maintain confidentiality and professionalism when handling sensitive information.

Nice To Haves

• Experience working with HRIS systems such as Workday preferred.
• Experience with compensation benchmarking tools or survey platforms preferred.
• Professional in Human Resources (PHR) or SHRM-CP
• Certified Benefits Professional (CBP) or Certified Compensation Professional (CCP)

Responsibilities

• Benefits Administration Administers employee benefits programs including medical, dental, vision, life insurance, disability, retirement plans, wellness initiatives, and leave programs.
• Coordinates daily benefits processing including enrollments, COBRA, terminations, beneficiary updates, and qualifying life event changes.
• Serves as the primary point of contact for benefits vendors, brokers, and third-party administrators.
• Collaborates with Payroll to ensure benefit deductions are processed accurately.
• Reconciles and processes benefits premiums and serves as administrator for benefits billing systems.
• Maintains accurate benefits records and documentation in accordance with federal, state, and vendor requirements.
• Conducts regular benefits audits to ensure compliance, data accuracy, and proper vendor data transmission.
• Completes regulatory filings and nondiscrimination testing for applicable benefits plans.
• Ensures all plan documents and policies remain current 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, job leveling frameworks, and salary ranges.
• Benefits Strategy and Program Design Evaluates existing benefits programs and benchmarks offerings against industry standards.
• Conducts research on new or improved benefits offerings and wellness initiatives.
• Partners with HR leadership to recommend enhancements 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 clear benefits communications 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.
• Ensures employees understand available benefits programs and how to access them.
• Compliance & Reporting Ensures compliance with applicable federal, state, and local regulations including ERISA, HIPAA, COBRA, ACA, and other regulatory requirements.
• Maintains required benefits documentation and prepares regulatory reports and filings.
• Prepares reports, dashboards, and presentations for HR leadership related to benefits utilization, costs, and trends.
• Stays informed of legislative changes and industry trends impacting compensation and benefits programs.

Benefits

• 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%

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level