Senior Compensation Analyst

Responsibilities

Kforce has a client that is seeking a Senior Compensation Analyst in Parsippany, NJ.Summary:We are seeking a Senior Compensation Analyst to support the development, administration, and evaluation of compensation programs for a well-established organization in the property and casualty insurance industry. This role will play a key part in compensation planning, salary structure development, market analysis, and ensuring internal pay equity and compliance with applicable regulations. The ideal candidate is analytical, detail-oriented, and comfortable partnering with HR leadership and stakeholders across the organization.Key Responsibilities:

• Analyze internal positions and external market data to ensure competitive compensation and appropriate salary grade placement
• Support the development and maintenance of salary structures, compensation guidelines, and annual salary planning initiatives
• Lead key aspects of the annual compensation process, including maintaining compensation models, spreadsheets, reporting systems, and executive compensation data
• Partner with HRIS to ensure compensation data accuracy, integrity, and reliable reporting
• Participate in compensation surveys and analyze market trends, benchmarks, and projections
• Maintain and update job descriptions in collaboration with HR Managers, ensuring accuracy and compliance
• Prepare and distribute quarterly reports covering turnover, incentive accruals, promotions, interim salary increases, and employee recognition awards
• Maintain compensation plan documentation and coordinate legal reviews as needed
• Monitor compensation programs for compliance with internal policies and applicable regulations, including FLSA and pay equity requirements
• Identify compensation-related challenges and recommend practical, data-driven solutions
• Develop and deliver compensation training to internal stakeholders

Skills

• Bachelor's degree preferred
• 5+ years of compensation experience
• Experience with HRIS platforms, report writing, and compensation data analysis
• Strong analytical, mathematical, project management, and presentation skills
• Advanced proficiency in Microsoft Excel and other Microsoft Office applications
• Exceptional attention to detail and a commitment to data accuracy
• Strong communication skills and the ability to collaborate effectively with stakeholders at all organizational levels
• Knowledge of compensation practices, market benchmarking, and regulatory requirements

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.


We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.


Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.


This job is not eligible for bonuses, incentives or commissions.


Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.


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Kforce is a professional staffing services firm offering Technology and Finance & Accounting jobs with top employers nationwide. We specialize in providing contract, contract-to-hire and direct placement opportunities, with over 50 years of experience in the staffing industry. Kforce offers many consultants comprehensive benefits depending on employment status, including medical, dental, 401(K), life insurance and disability. Our vision is to be "the firm most respected by those we serve."