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Senior Compensation Specialist

2 months ago


Virginia Beach, Virginia, United States GEICO Full time

Position Overview:

As a Senior Compensation Specialist at GEICO, you will oversee the management of base salary structures, job assessments, market analysis, and salary framework administration. This role involves assisting with annual compensation processes and serving as a key liaison between the compensation team and various corporate divisions. You will collaborate closely with the Compensation Business Partner for Corporate functions, providing you with the opportunity to lead, innovate, analyze, and propose improved compensation strategies that effectively address organizational challenges.

Key Responsibilities:

  • Generate and present comprehensive reports detailing job analysis and compensation metrics.
  • Facilitate survey submissions, collect market-based compensation information, and evaluate findings using advanced data analysis techniques.
  • Assist the Compensation Business Partner for corporate functions with job evaluations, external offers, salary assessments, and other business needs.
  • Act as a project coordinator for initiatives such as salary schedule reviews, managing change requests, and project timelines.
  • Conduct job benchmarking against market data to establish competitive compensation ranges.
  • Advise HR Business Partners and management on salary administration, pay regulations, and compensation policies.
  • Strategize and execute thorough job and compensation reviews.
  • Recommend job architecture frameworks and profiles to align with departmental objectives.
  • Ensure accurate job descriptions and evaluate job classifications and salary ranges.
  • Engage with senior leadership on various compensation issues while effectively managing multiple tasks.

Minimum Qualifications:

  • 7+ years of experience in compensation analysis.
  • Bachelor's degree in Business Administration, Human Resources, Mathematics, Finance, or a related discipline.
  • Strong proficiency in Excel.
  • Experience with Workday HCM and Advanced Compensation is preferred.
  • Requirements:
  • Adherence to GEICO's Code of Conduct and company policies.
  • Ability to meet attendance standards and collaborate effectively with colleagues and management.

Annual Salary:

$72,000 - $138,000. The annual salary range is provided as a general reference and is determined based on various factors such as role scope, candidate qualifications, experience, location, and market trends.

Benefits:

As an Associate, you will have access to a comprehensive benefits package designed to secure your financial future and well-being, including:

  • Premier Medical, Dental, and Vision Insurance with no waiting period
  • Paid Vacation, Sick, and Parental Leave
  • 401(k) Plan
  • Tuition Reimbursement
  • Paid Training and Licensures

Note: Benefit offerings may vary and are subject to eligibility requirements. Coverage begins immediately upon hire. Enroll in New Hire Benefits within 30 days of hire for coverage activation.