COMPENSATION AND BENEFITS ANALYST SKILLS, EXPERIENCE, AND JOB REQUIREMENTS

Updated: Jan 11, 2025 - The Compensation and Benefits Analyst excels in managing pension and retirement audits, demonstrating strong project management abilities and effective multitasking skills. Proficiency in analytical reporting and trend identification supports insightful recommendations and problem-solving in ambiguous scenarios. Advanced skills in Microsoft Office Suite, particularly Excel and PowerPoint, complement excellent communication, organizational, and time management capabilities, ensuring high performance under tight deadlines.

Essential Hard and Soft Skills for a Standout Compensation and Benefits Analyst Resume
  • Compensation Analysis
  • Benefits Administration
  • Regulatory Knowledge
  • Data Analysis
  • Audit and Reporting
  • Technical Proficiency
  • Market Research
  • Project Management
  • Software Systems
  • Benefits Communication
  • Analytical Thinking
  • Problem-Solving
  • Attention to Detail
  • Communication
  • Organizational Skills
  • Critical Thinking
  • Adaptability
  • Collaboration
  • Time Management
  • Interpersonal Skills

Summary of Compensation and Benefits Analyst Knowledge and Qualifications on Resume

1. BA in Business Administration with 3 years of Experience

  • Strong Microsoft Excel, and MS Office skills, including PowerPoint.
  • Strong Google Sheets, Docs, and Slides skills
  • Strong analytical and critical thinking skills, previous experience in Compensation & Benefits preferable
  • HR system experience, with Success Factors and benefits platform experience preferable
  • Strong aptitude for working and being successful in a virtual and culturally diverse team
  • Working effectively through email/teleconferencing.
  • Excellent customer service skills exhibiting a high level of professionalism, tact, and diplomacy. 
  • Ability to prioritize duties and responsibilities to provide a high level of prompt and effective customer service in a fast-paced environment.
  • Ability to manage sensitive, confidential issues.
  • Ability to communicate clearly and effectively, both verbally and in writing, as well as to develop and deliver presentations.
  • HR or compensation certification 
  • Proficiency with MS Office products, including advanced experience in Excel

2. BS in Economics with 4 years of Experience

  • Proven knowledge of general payroll practices and principles
  • Global matrix team experienced
  • Meticulous attention to detail and strong analytical skills
  • Ability to collect, organize, analyze, and disseminate information with accuracy.
  • Thrives in a dynamic, fast-paced changing environment
  • Ability to use independent judgment for decisions that may not be straightforward.
  • Strong technical knowledge of Excel required, including the development of spreadsheets with formulas, functions, pivot tables, and lookups.
  • High degree of initiative, determination, follow-through, and problem-solving skills.
  • Demonstrated ability to communicate effectively and professionally with internal and external associates, including senior staff and executives, in a clear, concise, and consultative style.
  • Ability to handle sensitive HR information with a high degree of confidentiality and discretion.
  • Experience with the organization’s HRIS system (Ceridian Dayforce) or similar HCM system is preferred
  • Advanced skills with Microsoft Office Suite (Excel, PowerPoint, Word), including Vlookup, pivot tables, and mail merge

3. BS in Statistics with 3 years of Experience

  • Strong analytical, organizational, project management, and problem-solving skills
  • Proven ability to conduct root-cause analysis and drive continuous improvement
  • Experience handling routine complex compensation and benefit inquiries
  • Knowledge of all pertinent federal and state regulations, including ACA, COBRA, FMLA, ADA, Workers Compensation, Medicare, Social Security, DOL and benefit-related regulatory requirements
  • Ability to multi-task and prioritize work on various projects simultaneously
  • Ability to work independently as well as in a team environment
  • Ability to understand complex plan documents and insurance contracts
  • Strong accuracy, quantitative & detail orientation
  • Self-motivated & compassionate, ability to thrive in a fast-paced environment
  • Experience in Benefits Administration, HRIS and/or compensation experience SHRM-CP or PHR or CEBS or CCP or CCB

4. BA in Business Administration with 5 years of Experience

  • Have related experience or an equivalent combination of education and experience.
  • Experience with Oracle HCM Cloud or related Oracle HRIS system
  • Advanced Excel skills, including pivot tables and Vlookups
  • Knowledgeable of federal and state laws (ACA, Social Security Administration, Medicare, 401k)
  • Experience with pension plans, 5500s, 895-5SSa’s and retiree medical
  • Proficient in using Excel formulas and functions to gather, analyze, manipulate, and audit large data sets.
  • Experience modeling data and creating reports.
  • Possesses and applies knowledge of the fundamentals, concepts, practices, and procedures of compensation and benefits.
  • Strong analytical skills to assess critical information and formulate recommendations for compensation-related issues.
  • Ability to manage shifting, and sometimes competing, priorities, and deadlines.
  • Excellent verbal/written communication skills.
  • Strong attention to detail and follow-up skills.

5. BA in Finance with 4 years of Experience

  • Experience in one or more Compensation Operations, Benefits Administration, or Leaves Administration for the relevant region
  • Experience working within an HR Shared Services delivery model
  • Experience working in a rapid, fast-moving environment that is both complex and changing
  • General knowledge and understanding of HR policies, processes, regional Employment Laws, and total rewards legislative requirements for the relevant region
  • Experience working in a multi-cultural/multi-country work environment
  • Ability to use business judgment when assessing requirements and performance, to identify the right solution to meet business needs
  • Demonstrated analytical abilities, attention to detail, and the ability to successfully manage multiple competing tasks and priorities
  • Experience working on highly visible projects with multiple partners
  • Experience working with global/region relevant current BMS HR and TR enabling systems ServiceNow, Thomsons' Online Benefits Admin/Darwin, Morneau Shepell's Ariel Enrollment in a Compensation specialty certification to demonstrate theoretical understanding and application of Compensation practices
  • Ability to present complex information clearly and convincingly to staff, callers, and functional business and technical groups
  • Demonstrated continuous improvement mindset

6. BS in Accounting with 6 years of Experience

  • In-depth knowledge of qualitative and quantitative research methods
  • Solid experience working with compensation market data
  • Extensive knowledge of labor law as it pertains to compensation and benefits
  • Degree in Human Resources, mathematics, statistics, or similar discipline
  • Certification or advanced training in compensation, benefits, business intelligence, or similar
  • Experience in a tech start-up
  • Experience building compensation profiles for unique positions
  • Experience working with workers' compensation plans
  • Ability to understand complex quantitative concepts and models
  • Strong verbal and written communication skills. 
  • Proficient in using Excel formulas 

7. BS in Risk Management with 4 years of Experience

  • Experience with pension and retirement audits
  • Ability to work independently with excellent project management skills and ability to juggle multiple urgent priorities
  • Creative problem-solver including the areas where there is limited clarity and precedence
  • Strong analytical and reporting skills with the ability to identify trends and make recommendations
  • Strong reporting and presentation skills with the ability to interpret in-depth information
  • High level of critical thinking skills and strong attention to detail
  • High level of proficiency with Microsoft Office Suite, including strong technical skills in Excel and PowerPoint
  • High level of confidentiality (ability to be trained and certified as HIPAA privacy compliant)
  • Excellent planning and follow-up skills with the ability to prioritize multiple tasks
  • Excellent verbal and written communication skills
  • Excellent organizational and time management skills and works well under pressure and tight deadlines
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