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An established global leader in insurance software technology is seeking a collaborative, analytical, and detail-oriented Compensation Analyst to join their internal Compensation Team. The Compensation Analyst is a key contributor to the firm’s talent management strategy as the organization builds, aligns, and scales a proactive and strategic HR function to meet the ongoing growing needs of the business. Their People team is also comprised of People Business Partners, Shared Services, and Centers of Excellence designed to support their global, industry-leading technology insurance company.
This is an exciting time to join their compensation team as they pursue a multi-year strategic roadmap of high-impact, employee-centric initiatives. As a Compensation Analyst, you will be responsible for analyzing salary data, conducting market research, and preparing reports to ensure compensation plans are competitive and aligned with the company's aggressive business goals. You will work closely with the Compensation Team and People Business Partners to execute cyclical projects and implement processes that enhance their compensation capabilities.
Looking for someone who can work on a hybrid basis, who is based in the Chicagoland area and capable of working from time to time in their Chicago office (dependent on business specific needs).
Job responsibilities include, but are not limited to:
- Support the implementation of, and ongoing maintenance, of company’s global job architecture.
- Facilitate the creation and maintenance of job content using JDXpert.
- Participate in third-party compensation surveys, maintain job matches, and prepare market analysis for base pay programs.
- Administer the annual merit and bonus planning process, including system configuration and testing, manager and People Business Partner support, reporting, and payment processing.
- Support the selection and implementation of an employee recognition platform.
- Prepare routine and ad hoc position or incumbent compensation analysis, compensation reports, program metrics, and regulatory reports.
- Create and maintain compensation program documentation such as plan descriptions, policies, guidelines, trainings, and processes.
Previous work experience should include some or all of the following:
- At least 3 years of hands-on experience as a Compensation Analyst or similar role.
- Working knowledge of base and variable pay practices and techniques and the laws and regulations affecting compensation and recognition programs.
- Practical experience with compensation software applications such as BetterComp (market pricing), JDXpert (job descriptions), and HRSoft (compensation planning).
- Solid analytical skills, which include the ability to collect and analyze data using basic and intermediate analysis techniques in Microsoft Excel (sort/filter, vlookups, index/match, pivot tables, etc.).
- Solid customer service orientation and service delivery skills; sets expectations, meets commitments, resolves issues quickly, demonstrates understanding and compassion towards others, etc.
- Proficient computer skills, including HR Information Systems (UKG preferred but not required) and Microsoft Office Teams, Excel, Word, PowerPoint, and Outlook.
Education:
- Bachelor’s degree or equivalent combination of education and experience to successfully perform the job responsibilities.
- Highly preferred is some coursework toward the Certified Compensation Professional (CCP) designation.
