Total Rewards Analyst (Workday)

What You'll Do

Position Summary

The Total Rewards Analyst supports the design, administration, analysis, and continuous improvement of the organization's compensation, benefits, recognition, and wellness programs. This role serves as a key member of the People & Culture team, helping ensure programs are competitive, equitable, compliant, and aligned with the organization's talent and business strategies.

The ideal candidate is analytical, detail-oriented, customer-focused, and comfortable working with HR systems, employee data, and cross-functional stakeholders. The Total Rewards Analyst provides operational support while also contributing to strategic initiatives related to compensation, benefits, wellness, recognition, and employee experience.

Essential Responsibilities

Compensation Administration

• Support the administration of compensation programs, policies, and processes.

• Conduct market pricing and benchmarking using salary surveys and compensation data.

• Assist with job evaluations, leveling, and compensation analyses.

• Prepare compensation reports, salary recommendations, and workforce analytics.

• Support annual compensation planning activities, including merit, bonus, and promotion cycles.

• Maintain salary structures, compensation guidelines, and job documentation.

• Partner with leaders and People Business Partners on compensation-related inquiries.

Benefits Administration

• Support day-to-day administration of employee benefit programs, including health, welfare, retirement, leave, and wellness offerings.

• Serve as a point of contact for employee benefits questions and escalations.

• Coordinate annual open enrollment activities and employee communications.

• Manage vendor relationships and assist with benefits reconciliation and reporting.

• Monitor benefits program effectiveness and utilization trends.

• Assist with benefits renewals, benchmarking, and plan design projects.

Reporting & Analytics

• Generate regular and ad hoc compensation, benefits, and workforce reports.

• Analyze trends related to employee participation, costs, market competitiveness, and program effectiveness.

• Support dashboard development and workforce planning initiatives.

• Maintain data integrity within HRIS and related systems.

• Create presentations and materials for leadership reviews and decision-making.

Compliance & Governance

• Support compliance with federal, state, and local regulations related to compensation and benefits.

• Assist with audits and reporting requirements.

• Help maintain compensation and benefits policies, procedures, and documentation.

• Partner with payroll, finance, and legal teams to ensure program compliance and accuracy.

Projects & Continuous Improvement

• Help design, implement, and scale Total Rewards processes, programs, and policies while identifying opportunities to improve employee experience and administrative efficiency.

• Support the development and administration of Total Rewards programs for a growing international workforce across the United States, Cohen India, Ireland, and future global locations.

• Support implementation, optimization, and continuous improvement of HR technology, including Workday and other related systems.

• Assist with employee recognition, wellness, and engagement programs that support attraction, retention, and organizational growth.

Who You Are

Qualifications

Education & Experience

• Bachelor's degree in Human Resources, Business Administration, Finance, Accounting, or related field preferred.

• 3-5 years of experience in compensation, benefits, HR operations, total rewards, or related HR functions.

• Experience administering compensation and benefits programs within Workday preferred, including Workday Advanced Compensation functionality.

• Experience utilizing compensation surveys and market data preferred.

Knowledge, Skills & Abilities

• Understanding of compensation and benefits principles and practices.

• Strong analytical and quantitative skills.

• Advanced Excel skills, including pivot tables, lookups, and data analysis.

• Experience creating reports, dashboards, and presentations.

• Strong attention to detail and commitment to data accuracy.

• Excellent organizational and project management skills.

• Effective verbal and written communication skills.

• Ability to handle confidential and sensitive information with discretion.

• Strong customer service mindset and relationship-building skills.

• Ability to manage multiple priorities in a fast-paced environment.

Preferred Qualifications

• Certified Compensation Professional (CCP), Certified Employee Benefits Specialist (CEBS), or related certification in progress.

• Experience supporting annual compensation review processes.

• Experience with benefits renewals and vendor management.

• Knowledge of FLSA, pay equity, and compensation compliance requirements.

• Experience with reporting and analytics tools such as Power BI.

Success Measures

Within the first 12 months, the Total Rewards Specialist will:

• Deliver accurate and timely compensation and benefits administration.

• Successfully support annual compensation and open enrollment processes.

• Produce meaningful analytics that support business and talent decisions.

• Maintain strong data integrity within HR systems.

• Build trusted relationships with employees, managers, and business stakeholders.

• Contribute to the continuous improvement of Total Rewards programs and processes.

Estimated Base Range: $90,000 - $110,000

Base compensation offered to candidates are determined based on factors such as candidate's relevant skillset, experience, licensure, and certifications, as well as job responsibilities, geography, market considerations, and organizational needs. At Cohen & Co, we don't stop at setting ourselves apart by offering competitive base compensation. As part of our 'great people first' foundational principle, our firm offers a comprehensive and competitive Total Rewards package that allows each employee to design a package that best suits their needs and goes beyond standard options, including time off outside of your standard PTO to recharge and give back to the community, annual discretionary merit increases and bonuses, talent development resources to tap into growth opportunities.