Compensation Analyst

A Compensation Analyst in the utilities industry is responsible for designing, implementing, and managing compensation strategies that align with the organization’s mission, regulatory requirements, and competitive market conditions. Operating within a shared services environment, this position will support compensation activities across three affiliated companies, ensuring consistency while addressing unique business needs.

Core Responsibilities

• Develop and implement compensation strategies that support organizational goals, ensuring pay practices are competitive, equitable, and aligned with market conditions
• Lead market pricing and compensation benchmarking efforts, utilizing salary surveys and industry data to evaluate and maintain competitive pay structures
• Analyze job duties and responsibilities to determine appropriate compensation levels, job classifications, and job leveling alignment across the organization
• Support and help refine job leveling frameworks, ensuring consistency, internal equity, and clear career progression pathways
• Conduct regular compensation and job audits to ensure data accuracy, internal consistency, and compliance with company policies and regulatory requirements
• Prepare and present compensation reports to leadership, including insights on pay equity, market trends, and actionable recommendations
• Support compensation cycles such as annual merit reviews, promotions, and incentive/spot award programs
• Ensure compliance with federal, state, and local labor laws, including the Fair Labor Standards Act (FLSA)
• Collaborate with HR, finance, and legal teams to integrate compensation strategies into budgeting, forecasting, and policy frameworks
• Maintain and update job descriptions to reflect current duties, responsibilities, and leveling structures
• Manage projects related to compensation analysis, process improvement, and pay-for-performance initiatives
• Operate effectively within a shared services model, delivering standardized yet flexible compensation support to multiple business units/companies
• Utilize HRIS, ATS, and ERP systems to manage employee data, compensation records, reporting, and audit tracking

Skills and Qualifications

• Education: Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field preferred
• Experience: Minimum 5 years in compensation or HR analytics, preferably within a large organization or regulated industry
• Analytical Skills: Strong experience in data analysis, market pricing, salary modeling, and job leveling methodologies
• Technical Skills: Advanced Microsoft Excel (pivot tables, formulas, modeling); experience with HRIS, ATS, and ERP systems
• Communication: Strong verbal and written communication skills with the ability to present complex data to stakeholders at all levels
• Compliance Knowledge: Solid understanding of compensation regulations, auditing practices, and labor laws