Our healthcare system is the leading cause of personal bankruptcy in the U.S. Every year, over 50 million Americans suffer adverse financial consequences as a result of seeking care, from lower credit scores to garnished wages. The challenge is only getting worse, as high deductible health plans are the fastest growing plan design in the U.S.
Cedar’s mission is to leverage data science, smart product design and personalization to make healthcare more affordable and accessible. Today, healthcare providers still engage with its consumers in a “one-size-fits-all” approach; and Cedar is excited to leverage consumer best practices to deliver a superior experience.
The Role
As a Total Rewards Lead Analyst, you are responsible for supporting the organization’s total rewards strategy, including compensation and benefits. This role ensures alignment with business objectives, market competitiveness, and compliance with relevant regulations. The Total Rewards Lead Analyst will work closely with senior leadership, HR colleagues, and external vendors to optimize reward programs that drive employee engagement, satisfaction, and performance.This role will report to the Director, Total Rewards.
At Cedar, we look for teammates who are driven, energetic and excited to join a fast-paced company. Our ideal candidate has excellent listening and communication skills (verbal and written), is comfortable operating independently in a dynamic environment, and is looking to build a career in Total Rewards. This multifaceted role focuses on Total Rewards and improving operational processes while working on programs that truly impact our people and our business.
Gain further insight into this opportunity by viewing this video featuring the hiring manager:
https://www.youtube.com/watch?v=zlBqtlc6R84
Responsibilities
- Assist in the analysis, documentation and administration of compensation and benefits programs
- Manage compensation analytics and reporting, providing insights and recommendations to leadership.
- Deliver compensation guidance by incorporating external market trends and insights into compensation recommendations that support the business, including base pay, bonuses and equity plans.
- Ensure accurate data entry and integrity within the HRIS related to compensation and benefits
- Administer existing benefits programs including group medical/dental/vision insurance, Life & AD&D, HSA, COBRA, FSA, 401(k), leaves of absence, benefits compliance standards, and legislative requirements
- Answer and resolve employee benefits questions and liaise with the benefits broker on benefits issues
- Implement all aspects of the annual open enrollment process, oversee employee experience, and coordinate the continuity of care with carrier changes ensuring flawless execution
- Manage and maintain compliance related to benefits administration: 5500 reporting, NDT, ACA, SFHCSO, FLSA review of new roles, and update employee handbook and labor law postings, etc.
- Facilitate and manage bi-weekly new hire orientation and oversee the growth of the company
- Maintain a culture that adheres to Cedar's values of focusing on our vision, using good judgment, applying a growth mindset, and rejecting mediocrity
- Assist in the creation of communication materials.
Required Skills & Experience
- Bachelor's degree; a minimum of 5 years of work experience in compensation and benefits
- Experience ideating, designing, implementing and managing reward related programs.
- Strong written and verbal communication skills and the ability to prioritize work effectively
- Strong analytical skill set, attention to detail, and organizational skills a must
- Excellent project management skills
- Strong knowledge of labor laws, compliance, and industry standards.
- Experience working with several internal partners in a cross functional capacity e.g.,talent acquisition, payroll, legal, sales operations, etc.
Compensation Range and Benefits
- Salary Range*: $110,500 - $130,000
- This role is equity eligible
- This role offers a competitive benefits and wellness package
*Subject to location, experience, and education
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What do we offer to the ideal candidate?
- A chance to improve the U.S. healthcare system at a high-growth company! Our leading healthcare financial platform is scaling rapidly, helping millions of patients per year
- Unless stated otherwise, most roles have flexibility to work from home or in the office, depending on what works best for you
- For exempt employees: Unlimited PTO for vacation, sick and mental health days–we encourage everyone to take at least 20 days of PTO per year to ensure dedicated time to spend with loved ones, explore, rest and recharge
- 16 weeks paid parental leave with health benefits for all parents, plus flexible re-entry schedules for returning to work
- Diversity initiatives that encourage Cedarians to bring their whole selves to work, including the Cedarian Advisory Group (a cross-functional cohort focused on increasing internal inclusiveness at Cedar) and three employee resource groups: be@cedar (for BIPOC-identifying Cedarians and their allies), Pridecones (for LGBTQIA+ Cedarians and their allies) and Cedar Women+ (for female-identifying Cedarians)
- Competitive pay, equity (for qualifying roles) and health benefits that start on the first of the month following your start date (or on your start date if your start date coincides with the first of the month)
- Cedar matches 100% of your 401(k) contributions, up to 3% of your annual compensation
- Access to hands-on mentorship, employee and management coaching, and a team discretionary budget for learning and development resources to help you grow both professionally and personally
About us
Cedar was co-founded by Florian Otto and Arel Lidow in 2016 after a negative medical billing experience inspired them to help improve our healthcare system. With a commitment to solving billing and patient experience issues, Cedar has become a leading healthcare technology company fueled by remarkable growth. Over the past several years, we’ve raised more than $350 million in funding from investors such as Andreessen Horowitz and Tiger Global, bringing Cedar’s valuation to $3.2 billion.
As of December 2023, Cedar is engaging with 25 million patients on an annualized basis, and is on target to process $2.6 billion in patient payments annually. Cedar’s ambition is to serve 50-60 million Americans by 2025, about half of the U.S. population that makes medical payments annually. Cedar partners with more than 55 leading healthcare providers and payers including Highmark Inc., Allegheny Health Network, Novant Health, Allina Health and Providence.
