We are looking for a Senior Compensation Consultant to join our team.
Summary: Under the general direction of the AVP of Compensation, provides a full range of senior level compensation consulting and analysis, and supports the compensation function in the design, development, implementation and on-going management of compensation programs and initiatives. Researches, collects and analyzes internal and external data for compensation decision making and ensures market competitiveness and compliance with all laws and regulations. Implements programs that attract and retain the high caliber of talent needed to remain competitive in the marketplace. This position works closely with HR Business Partners and Talent Acquisition to support internal/external offers and provide guidance on compensation issues and initiatives.
Responsibilities and Duties: • Responsible for the day-to-day administration of the Company’s compensation programs including job evaluation, FLSA determination, market comparisons and job description review • Works on a variety of compensation projects as assigned including program design, analysis, cost analysis, guidelines and procedures • Provides project planning, analysis, direction, communication and ongoing support for the annual review process, including the projection and administration of market based range adjustments, merit increases and annual incentive payments • Participates in the annual performance management process • Proactively monitors and analyzes trends and issues related to compensation programs within the Company and external market; performs financial analyses and modeling in order to develop recommendations that support business strategies • Oversees the completion of annual salary surveys • May participate in enterprise-wide HR projects that impact the function, business, or corporation • Provides technical expertise and guidance to compensation analysts; oversees and audits their work • Other duties and/or projects as assigned
• Bachelor's degree in human resources, business administration, or related field or a combination of education and progressive work experience in HR Compensation required; progress toward CCP or Master’s degree preferred • Minimum of 7 years of advanced professional experience in compensation administration required • In-depth knowledge of compensation theory and concepts including administration of compensation programs including job evaluation, performance management, salary surveys and Federal, State and local laws and regulations regarding compensation • Industry Knowledge – basic industry knowledge of the insurance industry groups, trends, directions and ability to apply this knowledge to appropriately diverse situations • Analytical skills, high proficiency with Excel modeling & formulas • Ability to exercise sound independent judgment • Strong written and verbal communication, listening, problem solving, interpersonal and relationship-building skills • Expert Proficiency in MS Excel, PowerPoint, Word • Experience with Executive compensation a plus