Principal Executive & Incentive Compensation Analyst

Position Overview Principal Compensation Analyst is the organization’s subject matter expert for executive compensation strategy, governance, and incentive plan design. This role leads executive pay benchmarking, incentive modeling, and governance activities, including preparation of materials for senior leadership and the Board. The role is a highly specialized individual contributor with enterprise and executive level impact. Key Accountabilities Executive Compensation Strategy & Governance Lead executive compensation benchmarking, peer group analysis and competitive market assessments Own annual and long‑term incentive plan modeling, pay‑for‑performance assessments, and scenario analyses Coordinate with external consultant (e.g. WTW, Mercer) and ensure alignment with governance best practices Develop materials for the Personnel & Compensation Committee of the Board, including philosophy updates, compensation frameworks, incentive plan design changes, and regulatory considerations Partner with VP, HR Operations, Total Rewards, and ER & CPO on executive recommendations and governance alignment Incentive Plan Design & Modeling (STI, LTI, Sales) Provide thought leadership and subject matter expertise on short‑term incentives (STI), long‑term incentives (LTI), and sales incentive plans, including performance metrics, payout curves, and scenario analyses Provide thought leadership on incentive design to support pay‑for‑performance outcomes Lead sales compensation modeling and governance in partnership with Finance and Sales leadership Assess financial and behavioral impacts of incentive programs Advanced Analytics & Advisory Support Conduct complex financial modeling and pay‑for‑performance analyses to support executive decision‑making Translate complex compensation analytics into clear insights for senior leaders Serve as a trusted advisor on executive and incentive compensation matters across the organization External Consultant & Market Engagement Partner with external executive compensation consultants (e.g. Mercer, WTW) on benchmarking, governance, and program design Manage survey participation and interpretation related to executive and incentive compensation Required Qualifications Bachelor's degree in HR, Finance, Business, Economics, or related fields 8+ years of progressive compensation experience, with significant focus on executive and incentive compensation Preferred Qualifications Master's degree in HR, Finance, Business, Economics, or related fields Executive Compensation Expertise Deep expertise in executive compensation strategy, governance, and regulatory considerations Advanced executive benchmarking, peer group development, and competitive analysis Experience supporting executive pay decisions and governance forums Incentive Plan Design & Modeling Advanced design and modeling of STI, LTI, and Sales compensation plans Strong financial acumen, including scenario modeling, payout curves, and performance metrics Ability to assess financial, behavioral, and governance impacts of incentive programs Board & Executive Advisory Skills Experience preparing executive and Board level materials, including Compensation Committee deliverables Ability to translate complex analyses into concise, executive‑ready narratives High discretion, sound judgement, and comfort handling sensitive information Advanced Analytics & Technical Capability Expert level Excel and financial modeling skills Strong analytical rigor with attention to detail and accuracy Ability to independently own complex analyses end‑to‑end External & Market Engagement Experience partnering with external executive compensation consultants (e.g. Mercer, WTW) Strong understanding of market data sources, surveys, and benchmarking practices Ability to evaluate and apply external insights to internal strategy Employment Conditions This position requires an employee to work onsite at our Minnetonka office, on average, 3 days per week. The full salary grade for this position is $115,400-$197,800. The typical hiring salary range is between $115,400-$156,560, dependent on education, experience and other factors. In addition to base compensation, this position may be eligible for incentive plan compensation. Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, holidays, paid volunteer time off, 401(k) contributions, caregiver services, and many other benefits. Eligibility to Work in the US Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States. Equal Opportunity Employer We are an Equal Opportunity employer, and all qualified candidates receive consideration for employment regardless of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic. #J-18808-Ljbffr