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Hanon Systems · 5 days ago

Compensation and Benefits Analyst

Novi, MI

Full-time

Onsite

Senior Level

5+ years exp

Hanon Systems is seeking a Compensation and Benefits Analyst responsible for designing, administering, and improving U.S. employee benefits programs and regional compensation frameworks. The role involves managing employee benefits, overseeing compliance, and supporting annual compensation cycles, ensuring alignment with the organization’s talent strategy.

AutomotiveEnergyIndustrialManufacturing

Hiring Manager

Candice Bedway

Responsibilities

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

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

Qualification

Compensation & BenefitsAnalytical skillsExcel proficiencyPayroll knowledgeStakeholder managementCommunication skillsAttention to detailInterpersonal skills