Compensation Analyst II

This is a fully remote position, open to applicants in United States.

📋 Description

• Conduct evaluations of job roles and market pricing to guarantee competitive alignment and internal equity.

• Manage and uphold salary structures, pay ranges, and compensation guidelines based on market insights and organizational strategies.

• Carry out compensation analyses to facilitate hiring, promotions, transfers, reorganizations, and retention strategies.

• Assist in the design, administration, and annual implementation of merit, incentive, and variable pay programs.

• Engage in annual salary planning, budgeting, and market review processes.

• Oversee executive compensation programs, including the preparation of analyses, reporting, and governance documentation.

• Administer equity compensation, encompassing grants, vesting schedules, transactions, reporting, and employee communications.

• Ensure adherence to federal, state, and local compensation regulations, including pay transparency and equal pay mandates.

• Collaborate with HR Business Partners, Talent Acquisition, Finance, Payroll, and business leaders to offer compensation guidance and consultation.

• Take part in compensation surveys and benchmarking studies to assess market competitiveness and emerging compensation trends.

• Suggest process enhancements that improve efficiency, accuracy, and governance of compensation programs.

• Serve as the project lead and point of contact with various compensation vendor partners.

• Support ongoing improvement initiatives in compensation operations and systems, and aid in developing and delivering training and resources for HR partners.

• Monitor compliance with FLSA and EEOC regulations and provide guidance on necessary actions.

• Assist with other compensation-related initiatives and projects.

⛳️ Requirements

• Bachelor’s Degree in a relevant field, ideally in Human Resources, Accounting, or Finance.

• Certification as a Compensation Professional (CCP) or in the process of obtaining certification is preferred.

• A minimum of 3 years of experience in a compensation analysis role within the insurance sector.

• Experience in the compensation function at a large property & casualty insurance company (1,000+ employees).

• Familiarity with various compensation and HR software products is preferred.

• Knowledge of diverse compensation best practices and theories.

• Understanding of compliance and relevant regulations (FLSA, EEOC).

• Proven ability to manage workflow and organize records efficiently.

• Exceptional written and verbal communication skills; strong presentation abilities.

• Professional demeanor with the capability to maintain confidentiality.

• Proficient in the Microsoft Office suite, particularly Excel.

• Ability to cultivate and sustain positive relationships with management, colleagues, and external vendors.

• Capacity to be proactive and work independently as well as collaboratively within a team.

• Strong analytical and problem-solving capabilities.

🏝️ Benefits

• Annual incentive compensation.

• Medical, dental, vision, and life insurance.

• Accident, critical illness, and short-term disability insurance.

• Retirement plans with employer contributions.

• Generous time-off policies.

• Programs aimed at supporting employee well-being and financial security.