Benefits and Compensation Manager
Indianapolis, IN 
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Posted 11 days ago
Job Description
Benefits and Compensation Manager
Indianapolis, IN, USA Req #1553
Monday, March 25, 2024

Who are we?

At Calumet we deliver innovative specialty products trusted by companies across the globe. We are the foundation to everyday essential products that help millions of people live and thrive. We are headquartered in Indianapolis and have numerous production locations in the US. We are customer focused and utilize our values of collaboration and entrepreneurship to grow the business. We offer a dynamic, high-performance environment where team members can have real input and impact on our business. If you're ready to roll up your sleeves, treat the business as if it is your own and add value accordingly, come see why we're Calumet Proud!

PURPOSE:

This position will be responsible for managing the company's benefit plans, working to reduce costs and staying compliant. Position will also be responsible for determining market-based salaries for positions, supporting our annual merit process, and participating in various wage surveys.

KEY OBJECTIVES AND RESPONSIBILITIES:

  1. Benefits Administration:
    • Design, evaluate, and administer comprehensive employee benefits programs, including health insurance and retirement plans.
    • Manage relationships with benefit vendors and ensure compliance with legal requirements and regulations.
    • Conduct regular reviews of benefits programs to ensure competitiveness and cost-effectiveness, and make recommendations for improvements as needed.
    • Provide guidance and support to employees regarding benefits enrollment, inquiries, and issue resolution.
    • Designing an employee communication strategy to encourage utilization of more cost efficient items.
    • Support quarterly Benefits Committee Meeting.
  2. Compensation Management:
    • Develop and implement compensation strategies and structures to attract and retain top talent while maintaining external competitiveness.
    • Develop, implement, and maintain compensation policies and processes.
    • Counsel HR on employee actions such as promotions and internal equity discussions.
    • Complete salary surveys to maintain accurate market data.
    • Benchmark positions as needed to maintain external competitiveness.
    • Lead merit increase programs and incentive plans, ensuring consistency and alignment with performance goals.
  3. Compliance and Reporting:
    • Stay abreast of relevant laws, regulations, and compliance requirements related to benefits and compensation, ensuring company practices remain in compliance.
    • Prepare and submit required reports, filings, and disclosures related to benefits and compensation programs.
    • Participate in audits and assessments as necessary to ensure adherence to regulatory requirements and best practices.

REQUIRED EDUCATION/EXPERIENCES:

  • Bachelor's degree in human resources or related field or equivalent work experience
  • 5+ years of experience in benefits administration, compensation management, or a related HR function, with a demonstrated track record of success in designing and implementing effective programs.
  • In-depth knowledge of employee benefits regulations (e.g., ERISA, ACA) and compensation practices, with the ability to interpret and apply complex laws and guidelines.
  • Proficiency in benefits administration systems, as well as Microsoft Office Suite (Word, Excel, PowerPoint).

COMPETENCIES:

  • Demonstration of Calumet Values - Safety, Environment & Social Responsibility, Teamwork, Ownership, Passion for Customers, and Excellence
  • Strong analytical skills, with the ability to conduct market research, data analysis, and financial modeling to support decision-making.
  • Excellent communication and interpersonal skills, with the ability to effectively communicate complex information to diverse audiences and build relationships with internal stakeholders and external partners.
  • Detail-oriented, organized, and able to manage multiple priorities in a fast-paced environment.

Salary and benefits commensurate with experience. We are an equal opportunity employer including disability and veteran. All offers of employment are conditioned upon successfully passing a drug test.

Other details
  • Pay Type Salary
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Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
5+ years
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