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Senior Compensation Analyst

$110k
Full-time

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
  • 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

Vacancy posted 6 days ago
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