Compensation and Benefits Analyst

Company Overview

For more than 70 years, TBC Corporation has been a leader in the mobility industry and one of North America’s largest marketers and distributors of automotive replacement tires through wholesale operations. Additionally, TBC responds to the needs of consumers in search of total car care at nearly 470 franchised tire and automotive service centers under the award-winning Big O Tires® brand. TBC is headquartered in Palm Beach Gardens, Florida.

With $5 billion in revenue and more than 3,000 employees in the U.S. and Mexico, TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers and with proprietary brands of tires specializing in passenger, commercial, farm and specialty tires. In 2005, TBC Corp. was purchased by Sumitomo Corporation of America (SCOA). SCOA is the largest subsidiary of Sumitomo Corporation, one of Japan’s major integrated trading and investment business enterprises. In 2018, Michelin, the largest tire manufacturer in Europe, invested in the company which is now a 50:50, privately held joint venture between Sumitomo and Michelin.

Our values are the foundation of our work, how we interact with each other, and the strategies we employ to fulfill our purpose. These are the practices we use every day – in everything we do:

• Integrity - We act honestly because nothing is more important than our reputation.

• Teamwork - We are better together.
• People-Focused - We put people first – our Associates, customers, franchisees, and partners – and cultivate a respectful, collaborative, and inclusive culture, top to bottom, inside and out.
• Accountability - We own our actions and decisions; we do what we say we are going to do.
• Leave Everything Better - We innovate to improve everything we touch, and we take actions now to protect the future.       

Description

The Sr. Total Rewards Analyst will support the day-to-day administration of the company’s compensation, and benefits programs. This position will administer health programs, analyze, design, and administer the company’s incentive compensation programs, including long and short-term incentives, and commissions that align with company objectives and comply with compensation policy and budgetary guidelines.

This position will assist in the monitoring and maintenance of Total Rewards plans, policies, and structures to ensure they continue to support TBC’s business strategy and remain competitive, cost-effective, and legally compliant.  This position will interact with various levels of management and must be able to communicate effectively at all levels of the organization.

Responsibilities

Benefits Responsibilities

• Health & Welfare Administration: Annual open enrollment execution, plan design evaluation, and vendor management (medical, dental, vision, life, disability).
• Retirement, Funding accounts & Wellbeing: 401(k) compliance/nondiscrimination testing, weekly and bi-weekly funding for HSA, FSA and 401k accounts, deferred compensation, leave-of-absence administration, and wellness program oversight.
• Benefits Systems & Analytics: Managing benefits integrations within benefit platform, preparing and auditing billing rosters, and analyzing benefit utilization trends/claims data to manage healthcare costs.

• Assists with benefits administration, invoicing, 401k, the annual benefits renewal process, including the coordination of annual open enrollment process, including development of communication, and vendor data feeds.
• Responsible for assisting in administering, processing and maintaining the leave information for the associates in accordance to the FMLA, LOA, Military Leave & ADA leaves
• Contribute to benchmarking activities by supporting pay and benefits survey input and subsequent data extraction for analysis

Additional Responsibilities

Compensation Responsibilities

• Core Comp Operations: Job evaluation, benchmark analysis, salary structure maintenance, and annual merit/bonus cycles.
• Pay Transparency & Equity: Job architecture mapping, pay range creation/disclosure, and internal pay equity auditing.
• Incentives & Modeling: Supporting short-term and long incentive plan administration and modeling cost scenarios for compensation changes.
• Market Analysis Assists with position description updates and job classification process to ensure consistency throughout the organization. Participates in the benchmarking of all job descriptions
• Benchmarks jobs against survey data and other market intelligence, and compensation surveys to determine competitive compensation ranges for each position.

Continued Responsibilities

• Supports the annual salary planning process, including the annual company budgeting process & the annual merit cycle. Leads and provides direct support to assigned customer groups
• Analyzes company compensation policies in relation to government wage and hour regulations, prevailing rates for similar jobs in comparable industries or geographic areas and recommends changes as appropriate to establish and maintain competitive rates. Educates managers and HR staff on concerns; escalates issues as needed
• Provides analytical support and data analysis on projects and human resource metrics.
• Serves as a point of contact for auditors (both internal and external) and helps with data extraction and related audits for benefits and compensation
• The Analyst provides analytical and technical support in the delivery of benefits and compensation programs.

Added Responsibilities

• Designs and develops business reports to capture key metrics and trends (pay for performance metrics, compensation trending
• Responsible for the development and maintenance of all total rewards standard operating procedures content and policies.
• Works effectively cross functionally on projects as assigned
• Promote and support the mission, vision, and values of the company
• Other duties as assigned

Qualifications

• Bachelor’s degree in human resources, Business Administration or related field required
• Professional certification is a plus (CCP, PHR, CEBS) preferred but not required
• Minimum 3 years of experience in compensation and benefits function in large organization
• Advanced Microsoft Excel Skills Required – Complex Modeling, and PowerPoint.
• Human Resources principles and best practices in compensation including job analysis/evaluation.
• Proficient with compensation tools, data analysis, research methods and techniques
• Familiarity and ability to analyze Employment Law regulations, principles and practices as related to Total Rewards
• Preparing written reports and presentations for varied audiences
• Demonstrated ability to interact with all levels of organization and conduct compensation/ pay plan reviews
• Effectively communicate both in writing and verbally.
• Handle sensitive and confidential matters and situations.
• Highly Organized, Attention to Detail, Results-Oriented.
• Ability to work well within a team environment as well as independently as the situation demands.

Benefits

• Market competitive compensation
• 401(k) and Roth with company match. Immediate 100% vesting
• Comprehensive benefits including medical, dental and vision
• Company paid short term disability and employer subsidized long term disability
• Company paid life insurance
• Discounted tire purchasing
• Tuition reimbursement
• Employee assistance program
• Generous paid vacation and paid time off
• Customizable voluntary benefits
• and More!!!