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Compensation and Benefits Analyst

Location: Schaumburg, Illinois, United States
Job ID: R0010236
Date Posted: Jul 6, 2022
Segment: Smart Life
Business Unit: Hitachi High-Technologies
Company Name: Hitachi High-Tech America, Inc.
Profession (Job Category): Human Resources
Job Type (Experience Level): Experienced
Job Schedule: Full time
Remote: No

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Description

Work-style designation is: Remote (within a commutable distance from our Schaumburg, IL office.

NOTICE:  Hitachi High-Tech America, Inc. (“HTA”) requires all employees to be fully vaccinated against COVID-19.  All new hires will be required to provide proof of their vaccination status prior to their start date and will need to receive the second dose of the Pfizer or Moderna vaccine or the single dose of the Johnson & Johnson vaccine on or before January 4, 2022, or no later than two weeks prior to their start date with HTA, unless they request and receive a medical or religious accommodation.

POSITION TITLE:                             Compensation and Benefits Analyst

DIV/DEPARTMENT NAME:           Human Resources & General Affairs (HRGA)

REPORTS TO:                                   Director, Compensation and Benefits

POSITION STATUS:                         Full-Time

WORK LOCATION:                          Schaumburg, IL (CGO)

WORK STYLE DESIGNATION:     Remote within a commutable distance

  • 2-5 years compensation and benefits administration experience required

POSITION SUMMARY

The incumbent will be responsible for supporting the global compensation and benefits’ functions.  This position will primarily be responsible for conducting job evaluations, preparing and maintaining job descriptions, participating in salary surveys, assisting with the administration of retirement and health and welfare employee benefit programs, communicating with employees and resolving benefit-related issues, and collaborating with other departments and external vendors.

RESPONSIBILITIES

  • Conducts job evaluations to determine the salary grade, range, and FLSA status
  • Works with management to prepare and update job descriptions
  • Participates in salary surveys and analyze the results to ensure market competitiveness
  • Assists in the administration of the incentive programs
  • Assists employees with day-to-day benefits inquiries in a timely manner.
  • Reviews Benefit system daily for transactions pending/or in progress and updates Payroll records accordingly.
  • Coordinates daily benefit processing, including new hire enrollments and terminations with Payroll records. Ensures that new and terminated employees are appropriately noted, corresponding payroll deductions are correct and that calculations are accurate.
  • Assists with the Annual Open Enrollment process and updates benefit premiums in Payroll records.
  • Reviews Finalized Pay report in Benefits system bi-weekly and if applicable, updates benefit premiums in Payroll records.
  • Updates 401(k) contributions & 401(k) loans weekly in Payroll system.
  • Reviews and Balances monthly & quarterly benefit invoices to ensure accuracy.  Submits requests for payment in a timely manner.
  • Works with Hitachi Benefits Pool, vendors and plan carriers on status updates, issues reconciliation, and information sharing.
  • Provides benefit administrative and professional support to Benefits Manager.
  • Ensures company compliance with federal and state laws governing both compensation and benefits practices.
  • Other projects and duties as assigned.

EDUCATION, LICENSES, AND/OR CERTIFICATION REQUIREMENTS

  • Bachelor’s degree or equivalent compensation and benefits administration experience required.  Human Resources or Business Administration degree preferred

REQUIRMENTS

  • 2-5 years compensation and benefits administration experience required
  • Strong MS Excel and Word skills
  • Must be detail oriented
  • Must be able to work independently
  • Excellent organizational skills
  • Be a team player
  • Strong communication and interpersonal skills
  • Solid understanding of different benefit plans (retirement, health & dental insurance, etc.)
  • Strong analytical capabilities

Equal Opportunity Employer (EOE)-Females/Minorities/Protected Veterans/Individuals with Disabilities

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to [email protected]

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