Benefits Analyst
Parker Hannifin's Corporate Total Rewards team is looking for a full-time Benefits Analyst who has experience in a retirement and/or benefits environment and an interest or experience in analyzing and interpreting data, with excellent communications skills, and who thrives on creatively solving complex problems. Successful candidates will be familiar with performing data analysis to support, design and implement recommendations used to enhance our benefits offerings.
This is a hybrid position that reports to the Manager, US Benefits & Retirement Plans, and will work collaboratively with the Benefits Team, as well as providing support for the Compensation, HRIS & Mobility Teams. Will interact with Human Resources, Legal, I/T, Corporate Communications and various external suppliers as needed to support compliance and administration as needed. Must be able to reliably commute to the greater Cleveland area. (Cleveland, OH 44124).
Your Organizational Impact
- This position will serve as a great starting point for an individual looking to grow in the area of Total Rewards with aspirations to influence the strategy of the organization.
- The ideal candidate will be able to use data analysis skills to assist with the development and implementation of benefit strategy recommendations.
- This position will assist the Parker Total Rewards team with the selection and implementation of a benefits data warehouse provider. This data warehouse will provide Parker with the data and analytical tools to better manage and assess our benefit offerings.
- Following implementation, this position will utilize the data warehouse to support the overall benefits strategy of the organization. This role will determine actionable insights, areas of concern, benefits utilization and program effectiveness.
Responsibilities
- Organize benefits-related research and surveys and report identified optimization opportunities to HR management.
- Compile employee benefits data and analyze trends to maximize the company’s benefits spend.
- Participate in a variety of special projects within other Total Rewards areas including Compensation, Mobility and HRIS as needed.
- Leverage analytical capability to identify trends and improvement opportunities.
- Perform periodic audits to ensure third-party calculations are accurate.
- Perform periodic reviews of employee data to ensure accuracy.
- Test and monitor third party systems, making recommendations for appropriate changes and enhancements.
- Assist with benefit plan escalations from HR and team members.
Qualifications
- Bachelor’s degree in Business, Human Resources, Mathematics, or related field required.
- 2+ years related experience required.
- Expert level proficiency in Microsoft Excel required.
- Defined Benefit pension plan knowledge desired.
- Experience working with HRIS and payroll systems desired.
- Outstanding analytical skills, comfortable working with large amounts of data and communicating data findings.
- Demonstrated strong project management and organizational skills.
- Ability to communicate effectively and establishing strong working relationships (both internal and external).
- Ability to listen and use critical thinking to assess business needs.
- Knowledge of and/or ability to interpret applicable laws and regulations to ensure compliance.
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.
Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.
(“Minority / Female / Disability / Veteran / VEVRAA Federal Contractor”)
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