Compensation & Benefits Analyst

  • Competitive
  • Chicago, IL, États-Unis Chicago IL US
  • CDI, Plein-temps
  • Ryan Specialty Group
  • 06 juil. 18 2018-07-06

The Compensation & Benefits Analyst is a key member of the Compensation and Benefits team that helps build and align the company’s compensation and benefits programs with the Company’s overall business objectives. The ideal candidate is customer focused and will possess strong functional knowledge of HR business processes and have proven experience with the design, implementation, and administration of compensation and benefits programs. 

Ryan Specialty Group (RSG) is an international specialty insurance organization that provides innovative solutions for brokers, agents and insurance carriers. The RSG family includes a wholesale brokerage operation, RT Specialty (RT), and a collection of managing general underwriting companies within RSG Underwriting Managers (RSGUM). RSG was founded by Mr. Patrick G. Ryan, the retired Chairman and CEO of Aon Corporation. A highly regarded insurance veteran, Mr. Ryan saw the need for a specialty organization devoted exclusively to creating sophisticated insurance and risk management solutions for a select group of hard-to-place risks. With its mission of delivering measurable value, RSG is committed to providing specialty insurance services, proven leadership, outstanding industry experience and quality services in all of our exchanges with retail agents and brokers, and insurance carriers worldwide.




Ryan Specialty Group is looking for an Compensation & Benefits Analyst to join our team in Chicago.  We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in further developing their HR Career. 

 

Position Summary:

 

The Compensation & Benefits Analyst is a key member of the Compensation and Benefits team that helps build and align the company’s compensation and benefits programs with the Company’s overall business objectives. The ideal candidate is customer focused and will possess strong functional knowledge of HR business processes and have proven experience with the design, implementation, and administration of compensation and benefits programs.

 

Essential Functions:

 

Benefits Administration Responsibilities:

  • Monitor vendor integrations and resolve discrepancies, process monthly invoicing, research and resolve escalated issues through 3rd party vendors, conduct periodic audits to ensure the integrity of enrollments and payroll deductions between multiple systems, respond to government agency inquiries and update enrollments.
  • Assist with compilation of data and documentation for compliance-related submissions such as Form 5500, Summary Plan Descriptions, and other required documentation.
  • Assist in the benefit renewal process by interacting with our benefits consultants and insurance providers.
  • Analyze current benefits, evaluate the usage, services, coverage, plan experience, competitive trends in benefits programs and provide recommendations regarding program enhancement.
  • Coordinate new hire communication and enrollment for benefits and assist with annual Open Enrollment implementation. Conduct benefit orientations and open enrollment meetings; perform data input for new hire, qualifying events and annual enrollments as needed.
  • Answer employee benefits questions, assist with problem resolution, provide service satisfaction to customers and strive to continuously improve service delivery.
  • Calculate, verify and process benefit invoices accurately and on time. Gather benefit census and utilization data and assist in cost/utilization analysis report preparation.

 

Compensation Responsibilities:

  • Compensation administration - assist in the areas of semi-annual incentive program administration, job evaluation.
  • Participate in and conduct salary surveys including the analysis of survey data and maintenance of salary survey database.
  • Collaborate on salary quotes for new hires, promotions, transfers, change and other compensation actions; Analyze internal and external pay equity issues and provide recommendations.
  • Support Year-End Compensation process for bonus and merit processing.
  • Recommend enhancements and changes to compensation programs to improve administrative procedures, workflow efficiencies aligning programs to achieve corporate goals.
  • Prepare bonus data for various departments and coordinate with Payroll for processing.

 

General HR Administration Responsibilities:

  • Resource for internal HR staff and employees – respond to inquiries related to compensation and benefits matters.
  • Identify opportunities to improve processes, including preparing and analyzing regular management and audit reports and ensuring the integrity of the Compensation and Benefits in the HRIS and other systems.
  • Stay current on compensation and benefit best practices and relevant laws and regulations.
  • Respond to associate and manager inquiries related to compensation and benefits matters.
  • Gather data or create and generate ad hoc reports as needed.

 

 




Profile:

Education/Experience/Skills:

 

  • Bachelor's degree (or equivalent experience).
  • 3-5 years’ experience in HR with at least 2 in the compensation and benefits function.
  • Experience working with highly confidential material across all levels of the organization.
  • High attention to detail; ability to work autonomously.
  • Experience with BenefitFocus and SAP HRIS systems for data extraction and reporting preferred
  • Strong knowledge of Microsoft Excel (pivot tables, VLookUp, Macros).
  • High level of IT literacy with strong Microsoft Excel skills essential. A proficiency in/experience using HR Information Systems would be an advantage.

 

Disclaimer

 

Ryan Specialty Group is an Equal Opportunity Employer