Compensation Analyst

2 months ago

Foster City, United States Visa Full time
Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose - to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Job Description

This role will challenge your quantitative skills by involving you in budget modeling, financial reporting, benchmarking, and ad hoc analytics to support our global employee compensation program. You will leverage advanced data tools and methodologies to ensure the accuracy and integrity of compensation and market data. The Compensation Analyst needs to ensure the accuracy and integrity of all compensation and market data in the information systems and be able to work closely with People Team colleagues and other functional groups.

Essential Functions

  • Collaborate with a cross-functional team to utilize your quantitative expertise in supporting the salary administration process, including the annual compensation review, salary increase budgets, bonus accrual/forecasting, equity planning, and structure adjustments

  • Collaborate with Finance to deliver data-driven financial accrual reports and projections with precision and accuracy

  • Develop sophisticated budget models and financial accrual reports with meticulous attention to detail and diligence, ensuring high accuracy through advanced quantitative methods and collaborative team efforts

  • Collaborate with leading market data vendors (e.g., Aon/Radford, Willis Towers Watson, Mercer) to leverage their insights and tools effectively

  • Serve as the subject matter expert for market data processes, tools, and timelines, utilizing platforms like Salary.com‘s CompAnalyst and Workday

  • Facilitate a global benchmarking exercise across multiple regions and market survey vendors

  • Conduct cost modeling and impact analyses related to compensation program changes

  • Support development of global total rewards benchmarking insights

  • Monitor our data through robust validation and reconciliation processes to ensure optimal data integrity

  • Support compensation team during compensation planning process

  • Interface with Finance, HRIT, HR Systems, and Global Compensation teams to support day-to-day functions as well as project specific activities

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

Basic Qualifications

  • 2 or more years of work experience with a Bachelor‘s Degree or an Advanced Degree (e.g. Masters, MBA, JD, MD, or PhD)


Preferred Qualifications

  • 3 or more years of work experience with a Bachelor‘s Degree or more than 2 years of work experience with an Advanced Degree (e.g. Masters, MBA, JD, MD)
  • Bachelor‘s degree in business, Finance, or Accounting or equivalent experience
  • Experience in a compensation function, preferably within a public company
  • Advanced proficiency in Excel, Power BI, and other data analysis tools, with a collaborative approach to data analysis and problem-solving.
  • Must be customer-service oriented
  • Exceptional critical thinking and quantitative analytical skills, with a growth mindset focused on continuous learning and professional development
  • Strong organization, planning, and project management skills
  • Strong written, verbal and interpersonal relationship and communication skills
  • Demonstrated ability to multi-task and deliver results in a fast-paced, team- oriented environment, fostering a collaborative and supportive work atmosphere
  • Exceptionally resourceful, detail-oriented, discipline to deliver complete and accurate results
  • Actuarial or Accounting experience a plus
  • CCP - Certified Compensation Professional certification or progress towards CCP a plus
  • Workday Management System experience preferred
  • Salary.com‘s CompAnalyst System experience preferred
Additional Information

Work Hours: Varies upon the needs of the department.

Travel Requirements: This position requires travel5-10% of the time.

Mental/Physical Requirements: This position will be performed in an office setting. The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.

U.S. APPLICANTS ONLY: The estimated salary range for a new hire into this position is 102,600.00 to 145,150.00 USD per year, which may include potential sales incentive payments (if applicable). Salary may vary depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position may be eligible for bonus and equity. Visa has a comprehensive benefits package for which this position may be eligible that includes Medical, Dental, Vision, 401 (k), FSA/HSA, Life Insurance, Paid Time Off, and Wellness Program.

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