Sr. Manager - Compensation and Benefits

JOB TITLE: Sr. Manager – Compensation and Benefits

DEPARTMENT: Human Resources

REPORT TO: Director, Compensation/Payroll/Benefits

SUMMARY:

The Sr. Manager of Compensation and Benefits is responsible to manage and coordinates the employee compensation, and benefits programs.

DUTIES AND RESPONSIBILITIES:

• Administers employee insurance programs including life, disability, and health insurance plans.
• Administers employee savings plans that may include the company’s 401(k) plan, personal savings plans, and deferred compensation programs.
• Advises and informs employees of changes and developments related to benefits including eligibility, coverage, and provisions.
• Researches and compares incentive compensation plans offered by demographically comparable organizations; assesses competitor’s plans and makes recommendations for enhancements or improvements required to keep the organizations plans competitive and effective.
• Facilitates accurate and timely delivery of employer contributions and employee payroll deductions to carriers, plan administrators, or other appropriate service providers.
• Completes records, reporting, and other documentation required by federal, state, and provider rules, regulations, and policies.
• Conducts employee surveys, census, and other research and demographic efforts required to collect accurate quotes from benefit providers.
• Identifies and selects carriers and plans based on quotes, available benefits, and prior experience.
• Monitors administrators and insurance carrier’s reports to ensure the organizations compliance with plan requirements.
• Ensures the organizations and plans compliance with the applicable provisions of COBRA, HIPAA, and ERISA.
• Maintains knowledge of economic conditions, labor market, and other factors related to ensuring the organization provides competitive and reasonable benefits and compensation scales and structures.
• Maintains knowledge of trends, developments, and best practices in compensation and benefits administration.
• Performs other related duties as assigned.

SUPERVISORY RESPONSIBILITIES:

• This job has no supervisory responsibilities.

QUALIFICATIONS:

Required Skills/Abilities:

• Excellent verbal and written communication skills.
• Extensive knowledge of employee benefits and compensation.
• Strong analytical and problem-solving skills.
• Excellent time management skills with a proven ability to meet deadlines.
• Thorough knowledge of COBRA, HIPAA, and ERISA requirements.
• Proficient with Microsoft Office Suite or related software.

Education and Experience:

• Bachelors degree in Human Resources, Business, Finance, or related required.
• Five years of experience administering compensation or benefits programs required.
• SHRM-CP or SHRM-SCP preferred.
• Five years of experience using ADP Payroll/HRIS System

Regardless of Position/Title, all employees are expected to provide the highest level of customer service and kindness for the TOTO organization. This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee.