Associate, Compensation Job Description
Associate, compensation
provides coaching that enables others to work through tax issues; Strong technology skills including MS Access, MS Excel, MS PowerPoint, Power BI, Tableau or experimentation with other digitization tools.
Associate, Compensation Duties & Responsibilities
To write an effective associate, compensation job description, begin by listing detailed duties, responsibilities and expectations. We have included associate, compensation job description templates that you can modify and use.
Sample responsibilities for this position include:
Understanding business economics and ability to translate into programs that drive desired behaviors
Strong analytical skills and ability to structure technical work
Exceptional consultative, analytical, and problem solving skills
Demonstrated collaboration skills both inside and outside of HR, engaging stakeholders to achieve a common vision
Assists with the planning, design and implementation of base and variable pay, executive compensation programs
Conducts market-pricing of positions to assess market-competitive compensation
Interfacing with global payroll providers to process employee changes as instructed by Human Resources and perform all steps necessary to update the payroll files in preparation of wage payments
Processing off-cycle payrolls for RSU deliveries as needed
Maintenance of incentive compensation accrual database
Maintenance of stock based compensation database
Associate, Compensation Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Associate, Compensation
List any licenses or certifications required by the position: CCP, PHR, HCM, CEP, CECP, CEBS, CPA, GPHR, SPHR, CP
Education for Associate, Compensation
Typically a job would require a certain level of education.
Employers hiring for the associate, compensation job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Finance, Human Resources, Accounting, Business/Administration, Education, Economics, Mathematics, Statistics, Associates
Skills for Associate, Compensation
Desired skills for associate, compensation include:
Compensation systems
MS Excel
Company policies & other system interface
Benefits & Compensation related processes & should have worked on SAP HRMS
MS Excel to perform data analysis
MS PowerPoint
MS Word
PeopleSoft
Americans with Disabilities
Business and industry activities
Desired experience for associate, compensation includes:
1 year expereince in exceptional consultative, analytical, and problem solving skills
1 year experience demonstrating collaboration skills both inside and outside of HR, engaging stakeholders to achieve a common vision
1 year experience in program management experience with proven track record in delivering results
Proficiency with Excel and PowerPoint skills
At least 3 years of experience in HR or at least 3 years of experience in compensation
Calculating dividend equivalents and employee stock purchases on a quarterly basis
Associate, Compensation Examples
1
Associate, Compensation Job Description
Job Description Example
Our growing company is looking for an associate, compensation. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for associate, compensation
- Fund contributions to 401k, pension, HSA, flexible spending accounts
- Fee sharing & carried interest calculations/allocations
- Participate in market compensation studies and compile competitive market data
- Manage annual review process including distribution and collection of forms
- Assist the Compensation team and HR generalists by providing compensation knowledge to the business regarding offer recommendations, promotions, salary adjustments
- Manage the administration of incentive programs
- Communicate with business customers to establish data requirements
- Create tools or queries to obtain data from central data repository for the purposes of reporting and analysis
- Identify and implement process, data, and reporting improvements for incentive execution
- Create and work with appropriate systems
Qualifications for associate, compensation
- Support the compensation year-end process for MRTs, maintaining database and ensuring that the delivery of annual incentives to MRTs are processed in accordance with company policies, compliant with regulatory requirements
- Support the communications exercise to MRTs and their managers
- Prepare reporting and disclosure documents for the PRA/FCA and other regulatory bodies, liaising with Risk, Finance and Compliance as appropriate
- Act as the first point of contact for regulatory compensation questions from HR colleagues, MRTs and their managers
- Liaise with colleagues in HR, Legal, Compliance, Risk and Finance to ensure awareness of the requirements and develop solutions
- Maintain an annual regulatory remuneration and deferred compensation calendar and ensure that all statutory reporting deadlines are met
2
Associate, Compensation Job Description
Job Description Example
Our growing company is looking for an associate, compensation. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for associate, compensation
- Collaborate with other corporate functions (e.g., Legal, Accounting, Tax) to support compensation practices and activities
- Assist with ongoing compliance with incentive compensation regulatory requirements globally
- Lead or support other compensation projects as required
- Interface with global payroll providers to process employee changes as instructed by Human Resources and perform all steps necessary to update the payroll files in preparation of wage payments
- Maintain incentive compensation accrual database
- Maintain stock based compensation database
- Calculate dividend equivalents and employee stock purchases on a quarterly basis
- Calculate and process wholesaler commission payments on a monthly basis
- Collect and process timesheets for Non-exempt employees
- Prepare journal entries at a cost center level to capture payroll, incentive compensation and stock based compensation activity
Qualifications for associate, compensation
- At least 1 year of experience conducting Data Analysis
- At least 1 year of Process Manage experience or at least 1 year of Project Management experience
- Bachelor’s degree in math, business, finance, statistics, engineering, computer science, or information systems (MIS or IS)
- Microsoft Certified Application Developer or Teradata certification or CBIP (Certified Business Intelligence Professional) certification or Oracle certification or Lean certification or Six Sigma certification
- A BA/BS in virtually any field
- Strong MS Office experience with Advanced Excel expertise with a willingness to work hands on in the detail in the analysis
3
Associate, Compensation Job Description
Job Description Example
Our company is growing rapidly and is hiring for an associate, compensation. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for associate, compensation
- Present new compensation programs and information as required across multiple Commercial client groups
- Thrive in an Agile environment to partner with others to deliver minimum viable products (MVP) in 2 week sprints
- Partner in Release Management process including managing the calendar with Technology partners, reviewing testing documentation, and facilitating approvals
- Develop business/system requirements, participate in design discussions, create test cases/test plans for outstanding defects and application enhancements
- Working closely with Technology support to resolve production system issues and help facilitate future enhancements
- Drive process improvements through Plan, Do, Check and Adjust (PDCA) methodology
- Maintain LOB Incentives process documentation and ensure audit compliance –be perpetually audit ready
- Provide support to LOB customers for BAU processing, requirements gathering, test planning and validation in an agile project environment
- Act as a data steward for our team to ensure data accuracy through quality monitoring activities
- Consult with team members to facilitate implementation of ad hoc analysis and initiatives
Qualifications for associate, compensation
- College or a university degree in business
- 10+ years of experience of compensation in a fast-paced, matrix-measured environment
- Strong functional knowledge and experience in Compensation required
- Proven track record of successful program implementation
- Ability to work in and help build a collaborative environment
- Technical proficiency - Visual Basics desirable
4
Associate, Compensation Job Description
Job Description Example
Our company is growing rapidly and is hiring for an associate, compensation. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for associate, compensation
- Analyzing data to ensure that plans are in line with company objectives and in compliance with applicable regulations
- Oversight of compensation plan administration
- Developing program documents, presentations and training materials
- Training field, operations, and home office associates
- Responsible for managing complex tracking programs, systems and databases to process and improve the incentive program
- Develop and conduct routine validations to ensure accuracy of the incentive calculation and payments
- Manage and provide production support, including sales credit resolution that requires adjustments
- Develop and implement user training
- Develop efficient business processes
- Analyzes, evaluates and manages claims of lower complexity
Qualifications for associate, compensation
- At least 2 years of experience in Compensation, Financial Analysis, Operations Analysis, Business Analysis, Information Technology, Business Administration or a combination of these
- At least 1 year of experience in a business environment
- Bachelor's Degree in Accounting, Business, Finance or Technology
- At least 2 years of experience in Finance, Accounting, or a related field
- At least 1 year of experience with Tableau
- Writing business/systems requirements
5
Associate, Compensation Job Description
Job Description Example
Our growing company is looking for an associate, compensation. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for associate, compensation
- Ensure team is positioned with tools to project payouts, benchmarking plans to ensure that they are competitive and fair, directly participating in compensation strategy development with the Business
- Lead/oversee analytics/sales comp plan effectiveness reporting on a quarterly basis, performance to goal
- Serve as escalation point for resolving sales comp disputes
- Ensure successful completion of SOX and internal audits
- Provide input (business priorities, requirements) to Ops Excellence (Reporting Tools) team related to IC system platforms and projects
- Lead administration and payments for plans, including reporting and approval processes
- Identify and implement opportunities for special awards to reward top sales talent
- Drive change management efforts
- Key Leader/Liaison for development, requirements and testing of applications across U.S. business units that support Sales Compensation capabilities
- Day to day management of comp related analytic support for multiple businesses
Qualifications for associate, compensation
- A Bachelor's Degree with concentration in Business, Economics or Accounting
- 3-5 years work experience in a related business field
- Highly motivated and possess the ability to work in a fast paced team environment
- Comfortable interacting with executives and other internal units within the organization
- Facilitate the annual compensation review process
- Ensure programs and practices are in compliance with all organizational policies, state and federal regulations