Compensation and Benefits Analyst

5 months ago
Employment Information

Founded in 1956 by the Pew family to manage their charitable assets, Glenmede is among the nation's leading investment and wealth management firms. The company oversees $44.2 billion of assets under management (as of 12/31/2023), for high-net-worth individuals, families, family offices, endowment, foundation and institutional clients. Headquartered in Philadelphia, the firm has offices in Delaware, Florida, New Jersey, New York, Ohio, Pittsburgh and Washington, DC. For further information, please visit http://www.glenmede.com.

The Compensation & Benefits Analyst is a key member of the Total Rewards team, responsible for maintaining accurate compensation and benefits data, managing key processes, performing analysis, and making proactive recommendations to ensure all compensation and benefit programs run smoothly. Attention to detail and critical thinking are essential qualifications for this role.

This team member will be capable of being both tactical and strategic. We are a small and agile team, so the Compensation and Benefits Analyst will be asked to get involved with and execute hands-on work, while also thinking strategically and recommending improvements where appropriate. The Analyst will be asked to able to make recommendations for improvement and take on additional projects related to compensation and benefits.

While not required, this role is an excellent opportunity for an experienced compensation professional looking to get exposure to benefits to become a total rewards expert. This role is 90% remote, with in-office days required in our Philadelphia headquarters at least once a month, sometimes more frequently during training or as team needs dictate.

Job Responsibilities:

Compensation

  • Provide guidance and support to HR leaders and managers on compensation-related matters.
  • Complete compensation surveys and provide advice and recommendations to ensure competitive and fair compensation practices.
  • Conduct benchmarking, market analysis, job evaluation, and internal pay-for-performance analyses.
  • Monitor compensation structures for reasonableness and recommend creation of new job codes where necessary.
  • Assist in evaluating new job requests for alignment with existing roles, partnering with HR business leaders to determine need for new role through a review of existing library and structure; evaluate appropriate FLSA status.
  • Support the development and review of job descriptions to ensure accuracy and compliance.
  • In cooperation with the Director of Total Rewards, manage the annual merit and bonus process. Create process documents and educational communications. May work independently or with a consultant to build workbooks in comp module for execution of process.
  • Update existing salary structures and geographic differentials, as needed.
  • Maintain current knowledge of environmental, legal, and regulatory factors that impact compensation practices and trends in total rewards strategies in support of company objectives.

Benefits

  • Interpret benefit plan documents and provide direction and consultation to employees and vendors.
  • Administer and communicate Glenmede's benefits programs, policies, and practices effectively and professionally.
  • Ensure the timely processing of applicable benefits-related invoices and reconciliation of employee contributions towards benefits with payroll deduction reports.
  • Assist with the evaluation of current vendors and service providers.
  • Review employee benefit communications, providing recommendations for process improvements.
  • Complete special projects and ad-hoc analysis/reporting, as needed (e.g., cost/benefit analysis; Open Enrollment Planning; audit requests; data reconciliation, etc.). Proactively recommend solutions and areas needing additional analysis.

Systems

  • Run reports, interpret output, and make recommendations where necessary.
  • Administer time off policies.
  • Assist with ongoing maintenance of the HR technology platform.
  • In cooperation with the benefits broker, administer and audit benefit plan setup and employee selections and enrollments.
  • Ensure integrity of all data. Make recommendations for changes and updates when necessary.

Administrative

  • Create and maintain SOPs for necessary procedures, communicating them clearly to necessary stakeholders.
  • Create and/or update documentation and communication as needed for all areas of compensation and benefits.

Required Qualifications:

  • Bachelor's degree or equivalent experience in a related field.
  • At least 5 years of experience working directly in compensation and/or benefits analysis or administration roles.

Preferred Qualifications:

  • Ability to work well remotely - communicate clearly and develop relationships across all levels of the organization and make proper judgment about when in-person presence is needed and appropriate.
  • Experience working with ACA and in a self-insured company is preferred.
  • Well versed with a variety of HR software, preferably ADP and/or Oracle.
  • Strong communication skills.
  • Proven critical thinking skills and attention to detail.
  • Capable of building relationships with stakeholders at all levels, including vendors, employees, and others.

Glenmede is an Equal Opportunity Employer and Prohibits Discrimination and Harassment of Any Kind: Glenmede is committed to the principle of equal employment opportunity for all employees and applicants and to providing employees with a work environment free of discrimination, retaliation, and harassment. All employment decisions, including hiring decisions, at Glenmede are based on business needs, job requirements and individual qualifications in full compliance with all local, state and federal laws prohibiting discrimination on the basis of any status protected by the laws or regulations in the locations where we operate. Glenmede will not tolerate discrimination or harassment based on any of these characteristics. https://www.glenmede.com/equal-opportunity-employer/

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