Sr. Compensation & Benefits Analyst
ICW Group · San Diego, CA
📍 San Diego, CAvia workdayFirst listed here 2026-09-21
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Are you looking to make an impactful difference in your work, yourself, and your community? Why settle for just a job when you can land a career? At ICW Group, we are hiring team members who are ready to use their skills, curiosity, and drive to be part of our journey as we strive to transform the insurance carrier space. We're proud to be in business for over 50 years, and its change agents like yourself that will help us continue to deliver our mission to create the best insurance experience possible.
Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for ten consecutive years as a Top 50 performing P&C organization offering the stability of a large, profitable and growing company combined with a focus on all things people. It's our team members who make us an employer of choice and the vibrant company we are today. We strive to make both our internal and external communities better everyday! Learn more about why you want to be here!
PURPOSE OF THE JOB
The Senior Compensation & Benefits Analyst plays a critical role in supporting the design, administration, and continuous improvement of the organization’s Total Rewards programs. This position is responsible for administering employee benefits programs, analyzing compensation and benefits data, ensuring compliance with applicable laws and regulations, and supporting initiatives that attract, retain , and engage top talent. The role partners closely with HR leadership, Finance, Payroll, external brokers, and vendors to ensure the organization’s compensation and benefits programs remain competitive, compliant, and aligned with the company’s strategic goals.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Benefits Administration
Administers employee benefits programs including medical, dental, vision, life insurance, disability, retirement plans, wellness initiatives, and leave programs.
Coordinates daily benefits processing including enrollments, COBRA, terminations, beneficiary updates, and qualifying life event changes.
Serves as the primary point of contact for benefits vendors, brokers, and third-party administrators.
Collaborates with Payroll to ensure benefit deductions are processed accurately.
Reconciles and processes benefits premiums and serves as administrator for benefits billing systems.
Maintains accurate benefits records and documentation in accordance with federal, state, and vendor requirements.
Conducts regular benefits audits to ensure compliance, data accuracy, and proper vendor data transmission.
Completes regulatory filings and nondiscrimination testing for applicable benefits plans.
Ensures all plan documents and policies remain current and compliant with applicable regulations.
Compensation & Total Rewards Analysis
Supports the administration and analysis of compensation programs including salary structures, job evaluations, and pay practices.
Conducts market benchmarking and compensation analysis using salary surveys and market data.
Assists with compensation review cycles including merit increases, promotions, and bonus planning.
Analyzes compensation and benefits data to identify trends and support strategic decision-making.
Provides insights and recommendations to support competitive and equitable pay practices.
Assists with maintaining compensation structures, job leveling frameworks, and salary ranges.
Performs hands-on analysis of compensation and benefits data by pulling reports, validating data, reconciling discrepancies, tracking trends, and identifying exceptions that require follow-up.
Prepares practical spreadsheets , summaries, trackers, and variance analyses to support merit cycles, benefit renewals , budgeting, vendor discussions , and leadership requests .
Benefits Strategy and Program Design
Evaluates existing benefits programs and benchmarks offerings against industry standards.
Conducts research on new or improved benefits offerings and wellness initiatives.
Partners with HR leadership to recommend enhancements that improve employee experience and support recruitment and retention goals.
Supports implementation of new benefits programs or program changes.
Benefits Communication & Employee Support
Serves as a key point of contact for employee benefits inquiries, resolving issues with accuracy and empathy.
Develops and delivers clear benefits communications to employees and managers.
Coordinates and administers the annual open enrollment process, including communications, system updates, and employee education.
Facilitates benefits information sessions and prepares presentation materials as needed.
Ensures employees understand available benefits programs and how to access them.
Develops and maintains job aids, process guides, FAQs, checklists, and employee-facing resources to improve understanding of benefits processes and Total Rewards programs.
Compliance & Reporting
Ensures compliance with applicable federal, state, and local regulations including ERISA, HIPAA, COBRA, ACA, and other regulatory requirements.
Maintains required benefits documentation and prepares regulatory reports and filings.
Prepares reports, dashboards, and presentations for HR leadership related to benefits utilization , costs, and trends.
Stays informed of legislative changes and industry trends impacting compensation and benefits programs.
Reviews reporting outputs for data issues, unusual changes, missing information, and process gaps; follows up with HR, Payroll, Finance, vendors, or employees to resolve issues.
EDUCATION AND EXPERIENCE
Bachelor’s degree in Human Resources , Business Administration, Finance, or a related field required . Equivalent experience may be considered in lieu
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