Faculty Compensation Consultant

Position Description:

We're looking for those individuals-the creative thinkers and innovation seekers-who are content with nothing short of changing the world. Discover the endless opportunities within the Medical College of Wisconsin (MCW) and be inspired by the work we can do together to improve health, and make a positive, daily impact in our communities. In the role of Faculty Compensation Consultant you will be working in Finance and Administration.

Purpose

In the role of Faculty Compensation Analyst and as a key member of the Faculty Compensation Team, this position will assist with the maintenance of consistent, accurate and timely compensation analysis and support of faculty compensation and incentive processes from initial analysis to payment. A key function of this role is to facilitate the analysis of financial and compensation data, to help inform decision making and provide guidance for annual compensation planning. This role will work collaboratively with Financial Planning and Faculty Compensation team members, as well as Institutional Leadership, Physician Practice Leaders, Department leadership, Benefits, Business Intelligence, HRIS, Faculty Affairs and Provider Recruitment.

Primary Functions

• Provide analytical and project support for internal processes and projects associated with faculty compensation management and decision making.
• Provide data analysis, validation, evaluation, interpretation, and summarize compensation and financial data to help informed decision making and support key business cycles including compensation budget submission, annual merit cycle, and incentive plan implementation.
• Review, analyze and manage requests for compensation recommendations for faculty while ensuring market and internal equity, using internal data and national third-party benchmarks.
• Lead select processes and provide independent analysis, including but not limited to the maintenance of files and compilation of reports, data analysis, and assist with all other areas associated with faculty compensation.
• Support annual analysis of faculty compensation fair market value results for Executive Compensation Committee (ECC) review, and facilitate ad-hoc off-cycle requests, data analysis, and resolution.
• Assist with the execution of deliverables and provide analytics and project support to the Children's Specialty Group (CSG) and Medical College of Physicians (MCP), and Executive Compensation Committee meetings including organizing agendas, creating materials, and executing deliverables as needed.
• Assist with the completion of faculty salary surveys including data collection, validation, and submission to survey vendors.
• Serve as an initial point of contact for general compensation inbox inquiries and manage responses to questions and requests.
• Partner with Business Intelligence as needed to maintain databases, align business rules, and update annual faculty compensation and productivity survey benchmarks.
• Collaborate with Office of Faculty Affairs to stay current on hiring trends and market sensitive positions as well as to ensure consistency between the administration of compensation, fair market value analysis and ensure compliance with regulatory obligations and institutional policies and procedures.
• Other duties as assigned

All remote work must be performed within one of the MCW registered payroll states, which currently includes: WI, AZ, FL, IL, IN, MD, MI, MN, MO, NC, TN,TX, and UT.

Knowledge - Skills - Abilities

• Strong excel and analytical skills and ability to present data in a logical, concise manner.
• Ability to synthesize data and identify key trends. Ability to explain data and metrics to non-technical audience.
• Effective verbal and written communication skills. Ability to clearly communicate information necessary for business success.
• Ability to work independently and as part of a team. Ability to foster teamwork and collaborate effectively with others in problem identification and resolution.
• Ability to manage stressful situations effectively and work in a fast-paced and changing environment, effectively handling priorities and competing deadlines.
• Advanced proficiency in Microsoft Excel preferred.
• Attention to detail, strong critical thinking, problem solving. High level of emotional intelligence and flexibility.
  Ability to work in a fast-paced and changing environment and effectively handling priorities and competing deadlines.

#LI-AV1

Preferred Schedule:

Monday - Friday 8:00-5:00

Position Requirements:

Specifications

Appropriate experience may be substituted for education on an equivalent basis

Minimum Required Education: Bachelor's Degree

Minimum Required Experience: 2 years of experience

Field: compensation, business administration, finance, or accounting

Why MCW?

• Outstanding Healthcare Coverage, including but not limited to Health, Vision, and Dental. Along with Flexible Spending options
• 403B Retirement Package
• Competitive Vacation and Paid Holidays offered
• Tuition Reimbursement
• Paid Parental Leave
• Pet Insurance
• On campus Fitness Facility, offering onsite classes.
• Additional discounted rates on items such as: Select cell phone plans, local fitness facilities, Milwaukee recreation and entertainment etc.

For a full list of positions see:

For a brief overview of our benefits see:

Eastern Wisconsin is a vibrant, diverse metropolitan area. MCW is intent on attracting, developing, and retaining a diverse workforce and faculty body that reflects the community we serve. We value diversity of backgrounds, experience, thought, and perspectives to advance excellence in science and medicine. MCW is a welcoming campus community with a strong culture of collaboration, partnership, and engagement with our surrounding community.For more information, please visit our institutional website at .

MCW as an Equal Opportunity Employer and Commitment to Non-Discrimination

The Medical College of Wisconsin (MCW) is an Equal Opportunity Employer. We are committed to fostering a diverse community of outstanding faculty, staff, and students, as well as ensuring equal educational opportunity, employment, and access to services, programs, and activities, without regard to an individual's race, color, national origin, religion, age, disability, sex, gender identity/expression, sexual orientation, marital status, pregnancy, predisposing genetic characteristic, or military status. Employees, students, applicants or other members of the MCW community (including but not limited to vendors, visitors, and guests) may not be subjected to harassment that is prohibited by law or treated adversely or retaliated against based upon a protected characteristic.

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EEO/AA – Minorities/Females/Vets/Disability

The Medical College of Wisconsin is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, veteran status, disability or sexual orientation.

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