Full Job Description
The Senior Compensation & Benefits Analyst plays a critical role in supporting the design, implementation, and administration of Materion's compensation and benefits programs. This role requires expertise in job evaluations, offer management, benefits administration, and compliance with relevant labor and benefits laws. The ideal candidate will have strong analytical skills, experience with Workday, and the ability to collaborate with HR and business leaders to deliver data-driven analysis that supports strategic decision-making within the Total Rewards function.
Essential Duties and Responsibilities
• Manage and analyze job offers to ensure alignment with company policies and market competitiveness, providing guidance to HR partners.
• Conduct job evaluations and maintain up-to-date job descriptions to support accurate and equitable compensation structures.
• Lead the annual compensation review process (merit and bonus) and annual benefits enrollment in Workday in partnership with the team
• Administer employee benefits programs, including health insurance, retirement plans, disability, life insurance, wellness programs, and voluntary benefits.
• Collaborate with insurance carriers, brokers, vendors, and internal stakeholders to resolve issues and support efficient plan delivery.
• Develop and maintain advanced Excel models to analyze compensation and benefits data, identify trends, and inform decision-making.
• Utilize Workday compensation and benefits modules to administer programs and generate reports for monitoring and analysis.
• Partner with HR and business leaders to deliver data-driven recommendations that support organizational goals and employee engagement.
• Provide support on other total rewards initiatives, including equity plan administration, sales incentive programs, and deferred compensation plans.
Qualifications
• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
• 4+ years of experience in compensation and benefits analysis or related functions.
• Proven expertise in compensation analysis, job evaluation, offer management, and benefits administration.
• Strong knowledge of labor and benefits laws and regulations, including FLSA, ERISA, ACA, COBRA, and FMLA.
• Advanced Excel skills, including data modeling, pivot tables, and complex analysis.
• Experience with Workday compensation and benefits modules preferred.
• Excellent analytical, communication, organizational, and interpersonal skills.
• Ability to manage multiple priorities and work collaboratively across teams.