Senior Compensation & Benefits Analyst

Materion Corporation; Cleveland (OH); On-site; USD 90,000 - 130,000; Full time

Job summary

Materion Corporation is seeking a Senior Compensation & Benefits Analyst to design, implement, and administer compensation and benefits programs. The role emphasizes job evaluation, offer management, benefits administration, and adherence to labor laws, with Workday as a core tool.

The ideal candidate will bring strong analytical capabilities, proven Workday experience, and the ability to collaborate with HR and business leaders to deliver data-driven insights that align with Total Rewards

Qualifications

• Bachelor’s degree or equivalent in HR, business, or finance.
• 4+ years of compensation & benefits analysis experience.
• Strong knowledge of compensation analysis, job evaluation, offer management, and benefits administration.
• Familiarity with labor and benefits laws (FLSA, ERISA, ACA, COBRA, FMLA).
• Advanced Excel data modeling, pivots, and complex analyses.
• Workday compensation & benefits modules preferred.
• Excellent analytical, communication, organizational, and interpersonal skills.

Responsibilities

• Analyze job offers for policy alignment and market competitiveness.
• Conduct job evaluations and maintain up-to-date job descriptions.
• Lead annual compensation review and benefits enrollment in Workday.
• Administer health, retirement, disability, life, wellness, and voluntary benefits.
• Collaborate with insurers, brokers, vendors, and internal stakeholders.
• Develop advanced Excel models to analyze compensation and benefits data.
• Utilize Workday to administer programs and generate reports.
• Provide data-driven recommendations to support goals and engagement.
• Support equity plans, sales incentives, and deferred compensation initiatives.

Skills

Analytical skills

Excel modeling

Workday experience

Communication

Interpersonal skills

Labor laws

Education

Bachelor’s degree in HR/Business/Finance

Job description

At Materion, everyone is included, respected and offered opportunity to grow. Join us!

The Senior Compensation & Benefits Analyst plays a critical role in supporting the design, implementation, and administration of Materion’s compensation and benefits programs. This role requires expertise in job evaluations, offer management, benefits administration, and compliance with relevant labor and benefits laws. The ideal candidate will have strong analytical skills, experience with Workday, and the ability to collaborate with HR and business leaders to deliver data-driven analysis that supports strategic decision-making within the Total Rewards function.

Essential Duties and Responsibilities

• Manage and analyze job offers to ensure alignment with company policies and market competitiveness, providing guidance to HR partners.
• Conduct job evaluations and maintain up-to-date job descriptions to support accurate and equitable compensation structures.
• Lead the annual compensation review process (merit and bonus) and annual benefits enrollment in Workday in partnership with the team
• Administer employee benefits programs, including health insurance, retirement plans, disability, life insurance, wellness programs, and voluntary benefits.
• Collaborate with insurance carriers, brokers, vendors, and internal stakeholders to resolve issues and support efficient plan delivery.
• Develop and maintain advanced Excel models to analyze compensation and benefits data, identify trends, and inform decision-making.
• Utilize Workday compensation and benefits modules to administer programs and generate reports for monitoring and analysis.
• Partner with HR and business leaders to deliver data-driven recommendations that support organizational goals and employee engagement.
• Provide support on other total rewards initiatives, including equity plan administration, sales incentive programs, and deferred compensation plans.

Qualifications

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field.
• 4+ years of experience in compensation and benefits analysis or related functions.
• Proven expertise in compensation analysis, job evaluation, offer management, and benefits administration.
• Strong knowledge of labor and benefits laws and regulations, including FLSA, ERISA, ACA, COBRA, and FMLA.
• Advanced Excel skills, including data modeling, pivot tables, and complex analysis.
• Experience with Workday compensation and benefits modules preferred.
• Excellent analytical, communication, organizational, and interpersonal skills.
• Ability to manage multiple priorities and work collaboratively across teams.

Materion Corporation and its subsidiaries (the “Company”) is an equal employment opportunity employer. It is the Company’s policy to not unlawfully discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances. The Company also prohibits harassment of applicants and employees based on any of these protected categories. It is also the Company’s policy to comply with all applicable federal, state and local laws respecting consideration of unemployment status in making hiring decisions. The information collected by this application is solely to determine suitability for employment, verify identity and maintain employment statistics on applicants.

Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on the Company. Please inform the Company’s personnel representative if you need assistance completing any forms or to otherwise participate in the application process.

Materion’s Veteran Employee Resource group supports veterans and promotes the benefits of hiring veterans in the workplace. We honor all those who have served and are a military friendly company. Veterans are encouraged to apply and military experience and skills are transferrable to Materion careers.

Please provide complete information. An incomplete application may affect your consideration for employment.