What are the responsibilities and job description for the Compensation and Benefits Analyst position at Hanon Systems?
This position is responsible for designing, administering, and improving both U.S. employee benefits programs and regional compensation frameworks, ensuring competitiveness, compliance, cost efficiency, and strong support for the organization’s talent strategy. This position reports to Americas HR Team Manager.
Key Responsibilities include:
USA Benefits Coordination:
- Administer and manage day-to-day employee benefits including medical, dental, vision, life, disability, and wellness plans.
- Manage benefit enrollments, changes, terminations, and vendor coordination.
- Serve as the primary point of contact for employee benefits questions and resolve issues effectively.
- Lead benefits education, onboarding support, and annual open enrollment communication.
- Lead the annual benefits renewal cycle including broker/vendor engagement, data analysis, cost review, and negotiations.
- Conduct benchmarking, utilization analysis, and trend comparison across market competitors.
- Prepare multiple renewal options with cost-impact scenarios and present recommendations to management for final decision.
- Ensure plans remain cost-effective, competitive, compliant, and aligned with business needs.
- Oversee 401(k) plan operations including eligibility, participation, loans, distributions, and issue resolution.
- Coordinate year-end compliance testing, audits, and 5500 filings.
- Maintain accurate participant data and collaborate with recordkeepers.
- Ensure compliance with ERISA, ACA, HIPAA, COBRA, IRS, DOL, and state regulations.
- Monitor legal and market changes and support updates to policies and benefit practices.
Compensation Coordination:
- Support annual compensation cycles including merit, salary adjustments, and bonus processes through data validation, reporting, and coordination.
- Assist with compensation benchmarking, market pricing, and survey participation.
- Help maintain salary structures, job grades, and internal equity reviews.
- Provide compensation data to HRBPs and leaders for hiring, promotions, and adjustments.
- Support job evaluations and creation of new job descriptions or job codes.
- Assist with HRIS reporting and generating compensation analytics or dashboards.
- Assist in identifying process improvements and best practices.
- Help with headcount reporting and basic salary budget analysis.
Education
- Bachelor’s degree in Human Resources or related field; Master’s degree preferred
Competencies, Experiences and Requirements
- 5 years’ experience in Compensation & Benefits required
- Payroll background / ADP Payroll knowledge is welcomed.
- Strong analytical skills with proficiency in Excel and data reporting.
- Good communication and stakeholder-management skills.
- Ability to work across regions and handle sensitive data responsibly.
- Strong work ethic, attention to detail, and sense of urgency.
- Strong interpersonal and communication skills
- Understands and accounts for regional and cultural differences.