Compensation Analyst

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JOB RESPONSIBILITIES

Compensation Administration

• Participates in administration of multiple variable compensation programs.

• Provides reports & data analytics for multiple compensation programs which may include, but is not limited to, developing, running, downloading, and formatting standard and complex ad hoc reports; creating job and pay matrices; and ensuring data accuracy.  May aggregate data and perform statistical analysis on business data.

• Integrates data from multiple data sources or functional areas, ensures data accuracy and integrity, and updates data as needed.

• Completes job evaluations by reviewing job responsibilities and requirements; applying market pricing methods and recommending FLSA status and grade. 

• Accurately interprets and applies policies, regulations, and compensation programs the day-to-day compensation administration.  Ensures compliance with multiple local, state, and federal laws.

• Creates and updates salary structures.

• Conducts analyses related to program costs and trends.  Compiles data and conducts analyses to measure and track key compensation metrics

• Completes salary surveys which may include executive compensation surveys.

• Supports executive compensation programs, including annual and long-term incentive programs, deferred compensation plans and other executive total rewards components. 

• Works closely with Compensation management to ensure executive policies, programs and legal reporting requirements are accurate and administered in a timely manner. 

• May assists in the evaluation of compensation plans related to mergers and acquisitions and the integration thereafter.

• Conducts on-going analysis of assigned processes. Researches and makes recommendations for process enhancements.

• Assists in preparation of annual PROXY statement and/or other executive services projects and assignments as assigned.  Supports SOX documentation and compliance.

• May assist in preparation of data for Compensation Committee meetings.

• Drafts SOPs and job aids for review and approval. 

Project Support

• Supports team on key compensation projects. Updates project plans and prepares project reports as requested.

• Works with team leadership to support department projects

• Drafts & recommends annual merit increase guidelines.

• Tests and reviews compensation tools and materials for UAT, data accuracy, mathematical accuracy, and job aid helpfulness.

• Documents processes and recommends improvements.

• Develops job aids, user documentation or training materials for review by senior team members.

Systems and Tools Administration

• Maintains and may develop tools to support compensation analyses and processes.

• Collaborates with senior team members to develop system requirements and enhancements.

• Coordinates with systems teams, and compensation team to test processes and functionality.

• This description is not an all-inclusive list of the essential functions or duties related to this job.  

MINIMUM Requirements

Education

• Bachelor’s degree in Human Resources, Management, Management Information Systems or related discipline or equivalent combination of education and experience.

Certification/License

• Certified Compensation Professional (CCP) preferred or working towards CCP.

Experience

• At least three (3) year’s compensation administration experience including data analysis, resolving issues, summarizing findings, making recommendations, and preparing supporting compensation.

• Experience with executive compensation, Workday and/or Power Query a plus

• SharePoint website administration experience a plus

Knowledge, Skills and Abilities:

• Demonstrated analytical, organizational and problem-solving skills, as well as detail oriented

• Ability to self-manage workload, prioritize multiple deliverables and utilize time effectively to accomplish on-time deliverables

• Ability to manage change and work effectively with ambiguous situations

• Ability to build professional and trusting business relationships

• Advanced MS excel skills

• Possesses sufficient knowledge of subject matter and technical expertise to perform with a high level of independence while requiring minimal  oversight

• Proficient oral and written communication skills

Work CONDITIONS

Work Environment

• Work indoors during all seasons and weather conditions

• Comply with Corporate dress code policy

Work Postures

• Sitting continuously for many hours per day, up to 6 hours per day

• May climb stairs to access buildings

Physical Demands

• Physical effort requiring manual dexterity is required, includes paperwork, calculators, computers and phone usage

Work Hours

• Working beyond “standard” hours as the need arises