Senior Compensation Analyst

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

📋 Description

• Oversees the annual merit and off-cycle compensation processes, which include data validation, testing, and reporting.

• Facilitates comprehensive incentive and recognition programs throughout their entire lifecycle.

• Engages proactively with leaders and HR Business Partners (HRBPs) to grasp workforce plans, talent requirements, and financial limitations for the designated business units.

• Presents well-founded recommendations that outline clear trade-offs, return on investment (ROI), and considerations for risk and compliance.

• Tracks outcomes and feedback; refines programs and guidelines to enhance fairness, competitiveness, and simplicity.

• Conducts analysis on market pricing and prevalence of base pay, incentives, recognition, and various programs.

• Analyzes and maintains salary structures and geographic pay zones.

• Creates and provides compensation education for HRBPs, Talent Acquisition, and people leaders regarding compensation principles, program updates, and market trends.

• Develops and supports toolkits and communication materials for total rewards aimed at managers.

• Oversees complex compensation projects, conducts thorough analyses, and presents actionable recommendations.

• Offers compensation consulting services for assigned departments at the director level and below.

• Directs the creation, revision, and governance of job descriptions to ensure a robust job architecture.

• Advises on job evaluations, communicates evaluation outcomes, and provides insights on pay implications.

• Configures and maintains the MarketPay and Workday compensation modules.

• Identifies areas for automation and process enhancements.

• Ensures adherence to compensation laws, regulations, and internal controls, including FLSA exemption analysis and pay transparency mandates.

• Conducts pay equity analyses as necessary.

⛳️ Requirements

• Bachelor's degree in business or a related field, or equivalent relevant professional experience.

• A minimum of five years of experience in compensation or a related field.

• Experience within the insurance sector is preferred.

• Strong understanding of compensation terminology, market pricing, and compliance with compensation regulations.

• Proficient knowledge of compensation management within HRIS, preferably Workday.

• Excellent communication, presentation, and stakeholder management abilities.

• Capable of eliciting pertinent information and making sound recommendations.

• Advanced skills in Excel; familiarity with MarketPay and Workday is advantageous.

• Strong analytical capabilities and meticulous attention to detail.

• Ability to handle multiple priorities in a dynamic work environment.

• A collaborative mindset with robust business acumen.

🏝️ Benefits

• Exceptional benefits package that includes life, medical, dental, vision, and prescription drug coverage.

• Competitive paid time off plan along with an annual full day dedicated to volunteer time off.

• Financial incentives that encompass a 401(k) plan match, pension plan, OneEMC bonus plan, and recognition and anniversary awards.

• Opportunities for professional development and growth, including tuition reimbursement.

• Wellness initiatives aimed at enhancing team member well-being and lowering health insurance expenses.

• Flexibility in dress code and options for alternative work arrangements.