Principal Benefits Analyst

at Cadence Design Systems

Location

SAN JOSE

Compensation

$126k–$234k USD

Posted

Yesterday

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Market range · function + seniority

$126k—$171k—$210k

p25 · target · p75 · n=633

Posted $234k · well above market

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Job description

At Cadence, we hire and develop leaders and innovators who want to make an impact on the world of technology.

A Great Place to Do Great Work

Employees join Cadence because of our innovation and stay because of our culture. Our employees feel empowered and supported to make their mark on the future of technology. Our diverse team of passionate, dedicated, and talented individuals go above and beyond for our customers, our communities, and each other—every day.

Our culture has earned Cadence recognition as a Great Place to Work around the world, including Fortune's list of the 100 Best Companies to Work For. Cadence has also appeared on the Great Place to Work Institute’s Best Workplace lists for 12 countries, resulting in recognition as a World’s Best Multinational Workplace, as well as Best Workplace lists for Millennials, for Giving Back, and for Parents, among others.

Your Role

The Principal Benefits Analyst will report to the Benefits Director. In this position you will support many of the programs that make Cadence a Fortune 100 Great Place to Work. You will have primary responsibility for benefits communications, event planning, program management and ensuring an excellent experience for our employees.

• Program manage employee benefits offerings (e.g., Cleo, RethinkCare, Wellthy) and partner with vendors to drive utilization and a strong employee experience

• Conduct New Hire Benefits Orientations via Zoom bi-weekly

• Resolve escalated benefits issues and respond to employees, HRBPs and managers, as appropriate

• Responsible for invoices/payments for all benefits programs and resolve administrative problems with the carrier and/or Accounts Payable. Maintain data relative to premiums, claims and costs.

• Schedule, set up and oversee on-site events (when applicable) and Zoom meetings designed to inform employees and help them obtain the most value from our programs

• Identify, pilot, and implement AI-enabled improvements to streamlines benefits operations (e.g., ROI and cost tracking, communications, reporting) while ensuring appropriate data governance and employee privacy

• Prepare for quarterly 401(k) Committee meetings

• Assist with annual Open Enrollment activities and events

• Other duties as assigned

AI & Automation Focus

This role is expected to actively use and champion responsible AI to improve employee service delivery, reduce manual effort, and increase accuracy and insight across benefits programs.

Requirements:

• Bachelor’s Degree and 6+ years of experience within a Benefits function at large global organizations

• Extensive knowledge of employee benefits and applicable laws, global experience a plus

• Excellent written and verbal communication skills

• Excellent organizational and time management skills

• Advanced proficiency with Microsoft 365 (Excel, PowerPoint, Teams) including Copilot; demonstrated ability to apply AI tools to automate workflows, improve communications, and accelerate analysis (prompting, experimentation, and measurement of impact)

• Experience translating business processes into AI/automation opportunities and partnering with HR/IT/analytics stakeholders to deliver solutions (e.g., Power Automate, low-code tools, knowledge bases, or similar)

• Empyrean experience a plus

The annual salary range for California is $126,000 to $234,000. You may also be eligible to receive incentive compensation: bonus, equity, and benefits. Sales positions generally offer a competitive On Target Earnings (OTE) incentive compensation structure. Please note that the salary range is a guideline and compensation may vary based on factors such as qualifications, skill level, competencies and work location. Our benefits programs include: paid vacation and paid holidays, 401(k) plan with employer match, employee stock purchase plan, a variety of medical, dental and vision plan options, and more.

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