Total Rewards (Compensation & Benefits) Analyst

Job Description

Job Description

About IHI

At the Innovative Hematology (IHI), we offer a future where people with rare blood disorders flourish. Our experts provide the highest quality comprehensive services and holistic care to patients with bleeding, clotting and other hematologic disorders, and to their families.

What You Will Do

The Total Rewards Analyst is responsible for the operational administration, analysis, and continuous improvement of compensation and benefits programs. This role owns day-to-day Total Rewards analytics, reporting, and program execution, while supporting strategic program development led by the Total Rewards Program Manager.

The Opportunity

• Compensation (Operational Execution)
• Conducts market pricing and benchmarking; evaluate roles for grade and salary placement
• Maintains pay structures, job architecture, and compensation documentation
• Analyzes internal equity, market competitiveness, and pay relationships
• Produces recurring compensation reports and dashboards
• Tracks key metrics (compa-ratio, range penetration, market index, pay equity indicators)
• Supports merit, bonus, and incentive cycles (modeling, tracking, reporting)
• Identifies compression, inversion, and retention risks
• Participates in salary surveys and analyze results
• Benefits (Administration & Reporting)
• Administers benefit programs including enrollments, life event changes, and employee inquiries
• Supports open enrollment execution (system configuration, communications, vendor coordination)
• Monitors participation, utilization, and vendor reporting
• Maintains accurate benefit records and documentation
• Develops and maintain IHI’s employee benefits site and employee benefits education
• HR Analytics & Reporting
• Develops and maintain standardized and self-service HR/Total Rewards reports (e.g., ADP)
• Reduces reliance on manual report pulls by enabling HR team access and usability
• Ensures data integrity across compensation and benefits systems
• Delivers analytics to support operational and leadership decision-making
• Provides analytical and administrative support for disability and leave management programs, including tracking leave utilization, coordinating with third-party administrators, monitoring case status, and supporting employee and manger inquiries
• Program Administration & Process Ownership
• Serves as day-to-day liaison with vendors, brokers, and third-party administrators
• Develops, document, and maintain SOPs for recurring Total Rewards processes
• Executes administrative processes aligned with defined SOPs
• Supports year-end activities including open enrollment and compensation cycles
• Collaboration & Support
• Partners with HR Generalist on job evaluation, leveling, and organizational design
• Provides guidance to HR Generalists on compensation and benefits processes
• Partners with HR Generalist and managers to administer disability, leave of absence, and accommodation programs, ensuring compliance with company policies and applicable federal and state regulations
• Supports Total Rewards Program Manager with data, analysis, and presentation materials
• Participates in team workflows with clear accountability boundaries
• Compliance & Governance Support (Defined Boundary)
• Ensures accurate data and documentation to support audits and compliance reviews
• Executes operational controls (data validation, reconciliations, reporting)
• Escalates compliance risks or discrepancies to HR Compliance leadership
• Supports the administration of FMLA, ADA, Short-Term Disability (STD), Long-Term Disability (LTD), and other leave programs by partnering with HR Generalists to ensure timely processing, regulatory compliance, and accurate recordkepping.
• (Note: This role supports compliance processes but does not own compliance governance or regulatory reporting.)

This position is designed to be a hybrid role, splitting time between the IHI office in Indianapolis, IN and home. Only candidates residing in the Indianapolis metropolitan and surrounding area will be considered.

Requirements

• Minimum Bachelor’s degree in human resources or related field, or 5 years of experience in Human Resources, required.
• Minimum 1-3 years of benefits, compensation, HR analytics, finance, or related experience; healthcare experience, preferred.
• Knowledge of employee benefits and applicable laws and regulations.
• Proficiency in Word and Microsoft Office, including Microsoft Excel and PowerPoint.
• Knowledge of appropriate analysis and application of competitive salary surveys.
• Strong Excel proficiency skills.
• Skills with preparing presentations leveraging data analytics.

Benefits

IHI is a not-for-profit program based in Indianapolis and offers a competitive salary and benefit package.

IHI is the only federally designated comprehensive hemophilia program in Indiana, and serves the entire state through services available in Indianapolis and at outreach clinics.

IHI is a leader in hemophilia care, education and clinical research and has a dedicated on-site multidisciplinary staff to ensure availability of a wide range of required services.

IHI participates in national and international clinical research, including new infusion products and therapies, investigation of long-term outcomes, and the impact of associated conditions. The IHI research program provides patients access to new therapies, and an opportunity to improve care. Our center has more than 50 clinical research projects involving bleeding disorders, sickle cell disease, thrombosis and more.

Innovative Hematology, Inc. is an Equal Opportunity Employer.