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Senior Total Rewards Operations Analyst

Human Resources, Other Careers Job ID 2023-12752 Primary Location: Johnston, Rhode Island 01/18/2023
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More information about this job:

Overview:

FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

This position is based in our Johnston, RI Global Headquarters and follows a 50% in-office hybrid schedule. 


Responsibilities:

The Senior Total Rewards Operations Analyst is responsible for the administration of Total Rewards programs in the US and Canada to ensure they are delivered in accordance with plan documents, regulatory requirements, internal process documents, and policies. This role assists in the development of compensation and benefits policies and programs. Applies advanced knowledge of compensation and benefits techniques, theories, methods, and practices. Works independently with minimal guidance.

  • Acts as a subject matter expert for compensation and benefit policies and programs in the US and Canada.
  • Monitor and ensure timely completion of plan compliance activities related to US and Canada benefit plans including regulatory filings and updates, notices, ACA mandates & reporting, plan audits, and employee benefit file transmissions to vendors, as required.
  • Provide counsel to employees on Total Rewards policies, practices, programs and guidelines and resolves complex and escalated matters.
  • Manages and monitors implementation and operation of HRIS systems as they relate to compensation and benefits administration. Will manage the exchange of information with carriers and external brokers for claim and utilization data, enrollment information and invoice review. Plays a lead role in partnership with the HR Product Team in configuration and testing during implementation of new functionality or system upgrades.
  • Researches and resolves complex issues for compensation, retirement and health and welfare benefit plans with minimal guidance.
  • Reviews and assesses efficiency of internal procedures and processes; document processes; recommends appropriate changes.
  • Compiles data used for cost/benefit analysis and performs basic analyses associated with annual audits.
  • Evaluates jobs below grade 18 for approval by the strategy team (COE).
  • Prepares compensation offers for below grade 18.
  • Supports survey participation and analysis/reporting. 
  • Train and mentor junior team members.
  • Process vendor invoices.
  • Assists with special projects and duties as assigned.

Qualifications:

  • Bachelor's Degree, Certified Employee Benefits Specialist or Certified Compensation Professional designation preferred
  • Minimum 5 years of experience in compensation, benefits or other related experience.
  • 5 years’ experience with US and Canada health and welfare and retirement benefit programs and administration
  • Advanced knowledge of compensation, including relevant federal and state laws
  • Ability to work independently and utilize strong problem solving skills and good judgment to make decisions.
  • Strong communication skills
  • Strong analytical skills
  • Strong time management, organizational skills and attention to detail.
  • Proficient in Microsoft Office
  • Experience with Workday configuration a plus
  • Customer-focused, team oriented and results driven
  • Outstanding ability to multi-task and adapt to changing priorities and tasks.
  • Ability to build and maintain positive relationships with management, peers, and other business units, as well as external vendors.Maintains confidentiality while performing duties.

The hiring range for this position is $71,500 to $102,700. The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM Global’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.

FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.

Please note that all FM Global visitors, including external candidates interviewing for open positions will be required to be vaccinated and should be prepared to provide proof of vaccination.

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