Senior Compensation Analyst

OPEN POSITION: Senior Compensation Analyst

SALARY RANGE: $95,000 – $125,000+ plus 10% bonus target (salary could be higher or lower based on experience. All are welcome to apply)

LOCATION: Hybrid schedule – Short Hills, NJ with occasional domestic travel

Our client is a midsized insurance company and an employer of choice with multiple “Best Places to Work” awards. They are headquartered in Short Hills, NJ with additional offices across the country.

Position Overview

Analyzes and assists in the development, installation, and administration of compensation programs. Evaluates hourly, salaried, and management positions. Audits existing classifications to ensure compliance with published standards. Participates in annual salary planning. Provides compensation consulting services to a broad range of internal customers. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements

Responsibilities

• Analyzes/evaluates internal positions and compares to comparable roles internally as well as external compensation surveys to maintain appropriate grade levels. Works closely with clients to maintain internal equity.
• Assists in updating salary structures by compiling and analyzing data and recommending appropriate course of action. Develops/analyzes annual salary structures and guidelines.
• Takes a lead role in the annual compensation process. Develops and maintains compensation spreadsheets, systems, reports, and executive compensation data. Ensures the accuracy of all reports prior to distribution. Works closely with HRIS to ensure data integrity.
• Participates in compensation surveys and analyzes market data, trends, and/or projections. Meets all published deadlines. Maintains CompAnalyst application.
• Maintains all job descriptions and works with HR Managers to ensure they are up-to-date and accurate. Revises roles as necessary to meet reporting and compliance requirements.
• Develops, distributes, and maintains all quarterly reports including but not limited to turnover, incentive accruals, promotions/interim increases, and gold awards. Ensures reports are distributed in a timely manner.
• Maintains all plan documents updating as appropriate. Ensures legal review.
• Keeps abreast of current compensation trends particularly in our industry. Monitors all programs in regards to adherence to internal policies and external legislation, e.g., FLSA, Pay Equity, etc.
• Proactively identifies compensation challenges/opportunities and recommends creative, acceptable solutions and strategies to resolve challenges and/or capitalize on opportunities.
• Develops and delivers compensation training.

Qualifications

• College degree strongly preferred; 5+ years of corporate compensation experience required
• Meticulous attention to detail.
• Strong math skills, project management skills, and presentation skills.
• Ability to work with all levels in the organization.
• Expert proficiency in most standard business software applications, particularly Microsoft Office (Excel, PowerPoint, Word and Outlook), Internet, HRIS and HRIS report writing required.