Sr. Compensation & Benefits Analyst

Ready to join our team? Apply today! Make sure to check your email for follow-ups.

At MicroPort, we relentlessly strive to master every detail of our medical solutions with the purpose of prolonging and reshaping the lives of patients everywhere. We welcome motivated and talented people who want to join our dynamic and inclusive company, working together to deliver meaningful medical breakthroughs. In order to accomplish this, we hold true to our core values of Quality, Integrity, Accountability, Efficiency, Innovation, Aspiration, Dedication & Collaboration. Come and join Team MicroPort!

Why You'll Love MicroPort

You will find our team atmosphere challenging and rewarding. In addition to working with a world-class team, receiving a competitive base salary and bonus opportunities, our U.S. employees also enjoy the following benefits: Medical, Dental, Vision, Maternity Leave, Life Insurance, Short-Term Disability, Long-Term Disability, Bereavement, 401(k) (up to 4% match with vesting from day 1), PTO, Paid Holidays, Employee Assistance Program, Education Assistance...and more! At MicroPort, we care about our employees and encourage them to make healthy lifestyle choices and embrace wellness opportunities to maintain their very best health and wellbeing.

*Hybrid Working Schedule Available*

*Remote work will be considered for candidates not located in the Memphis area.*

Overall Summary

The primary purpose of this position is to manage and administer the various benefit plans within the Human Resource Information System (HRIS). This includes, but is not limited to, benefit plan designs and changes, new employee and annual enrollments, contract renewals, cost tracking and analysis, employee benefit and compensation communications, and resolving employee benefit related issues. Responsible for the accurate preparation, documentation, distribution and reconciliation of payroll and the administration of the payroll system. Reviews the computation of pay and associated deductions for accuracy. Maintains up-to-date knowledge of city, state, provincial, local, and federal legislation affecting payroll; understands and follows applicable provisions. Prepares required tax filings and other reporting. Responds to and resolves any inquiries regarding paychecks or payroll reporting. Ensures payroll issues are escalated and resolved promptly.

Your duties will include:

1. Manage and administering the employee benefit plans. This includes plan changes, new employee enrollments, annual enrollments, contract renewals, cost analysis, employee communications, resolving employee issues, calculating monthly premiums, and processing benefits for terminated employees. The various plans include, but are not limited to, Group Medical Insurance, Prescription Drug Plan, Dental, Vision, Flexible Spending Accounts, HSA accounts, employee basic and optional life insurance, spouse and dependent life insurance, personal accident insurance, business travel insurance, short term disability, long term disability, employee assistance program, Retirement Savings Plan, and educational assistance.
2. Work closely with representatives of insurance brokerage firms and other benefit providers on the areas of benefit plans, changes, administration, and cost. Also interfaces with other external vendors to resolve employee benefit issues.
3. Manage the payroll file maintenance process which includes new employee data, salary changes, payroll deductions for garnishments, direct deposits, PTO time tracking, etc.
4. Provide guidance to managers and employees regarding personnel policies and procedures. Assist in the development of new policies and any revisions as needed.
5. Stay abreast of benefits and compensation updates. Maintain a positive, professional attitude in communicating with all employees and external business associates.
6. Manage and track the FMLA and short-term disability process.
7. Ensure accurate and timely payment of HR Benefits' invoices. Perform or oversee monthly analysis and reconciliation for accuracy in payments.
8. Manage and track the FMLA and short-term disability process.
9. Perform and manage all payroll related activities for the US and Canada including but not limited to payroll processing, quarterly and year end taxes, W2 and T4 finalization, and managing the 401K deferments
10. Complete year end and audit new year updates to the system (PTO, holidays, etc.)

Other Duties Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

About You

We might be a great match if you have:

• Knowledge and proficiency with personal computers and related software.
• Advanced Excel skills and a working knowledge of Word, Outlook and PowerPoint.
• Knowledge of UKG HRIS system (preferred)
• General knowledge and experience in all facets of HR to assist with the daily operations of the HR department (preferred)
• Excellent written and verbal communication skills, organizational and interpersonal skills, a professional work ethic, and be detail-oriented with a high aptitude for accuracy.
• Ability to interpret data and guide compensation decisions and build compensation models.

YOUR EDUCATION

Required: Bachelor's Degree in Human Resources Management or other Business-related area

YOUR EXPERIENCE

At least 7 years' experience in Human Resources with a minimum of 3 years in benefits administration and 3+ years in payroll processing