Compensation Analyst, Senior Job Description

Compensation Analyst, Senior Job Description

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Compensation analyst, senior provides guidance to Human Resource Partners and management on compensation policies, planning, programs, and practices.

Compensation Analyst, Senior Duties & Responsibilities

To write an effective compensation analyst, senior job description, begin by listing detailed duties, responsibilities and expectations. We have included compensation analyst, senior job description templates that you can modify and use.

Sample responsibilities for this position include:

Participate in the Comp / Headcount Budget / Reforecast process
Prepare and communicate various financial reports and key statistics on a monthly basis
Produce reports for monthly Corporate and Business Unit
Assist in the monthly analysis of Compensation/Headcount
Partake in a variety of high visibility projects due to the important role headcount and compensation plays to the business
Work in conjunction with Compensation Accounting, Corporate Planning, Management Reporting, and CFO teams for Compensation/Headcount related functions
Act as a liaison and coordinate with various points of contacts on other CFO teams
Support global benchmarking process by participating in and analyzing industry survey data
Work with business partners and recruiters on compensation matters
Assist in on-going equity plan administration

Compensation Analyst, Senior Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Compensation Analyst, Senior

List any licenses or certifications required by the position: CCP, PHR, SPHR, SHRM, HR, CEBS, GRP, CPP, CP, HRIS

Education for Compensation Analyst, Senior

Typically a job would require a certain level of education.

Employers hiring for the compensation analyst, senior job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Human Resources, Business, Finance, Business/Administration, Education, Accounting, Economics, Mathematics, Business/Management, Communication

Skills for Compensation Analyst, Senior

Desired skills for compensation analyst, senior include:

Employee engagement and recognition best practices and strategies
Job and organization design
Mathematics and statistics
Principles and practices of human resource management
State and Federal laws applicable to human resource functions
Basic statistical techniques
Compensation strategy to solve complex problems and develop original solutions
Compensation theories and practical applications
Excel
PowerPoint

Desired experience for compensation analyst, senior includes:

Exposure to automated Accounting software
Support the tracking of globally mobile employees with outstanding equity awards
Assist in providing data for tax calculations
Assist in reviewing and maintaining tax rates on stock plan administrator system while tracking share transaction activity
Assist in preparing materials for Compensation Committee meetings
Develops strong partnerships with the HR business partners and management in the organization in order to identify and solve compensation related issues and provide consulting expertise

Compensation Analyst, Senior Examples

1

Compensation Analyst, Senior Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of compensation analyst, senior. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compensation analyst, senior
  • Analyze department requests for job classification and compensation review
  • Work strategically and collaboratively with internal business partners to facilitate all compensation processes and wage and salary administration
  • Coordinate and conduct complex internal and external third party market analysis
  • Research and collect data for special projects, reports and management studies
  • Maintain integrity of position and salary data and compensation transactions
  • Gather information to assist with recommendations for the development and implementation of human resources policies
  • Contribute to the development and deployment of plans for projects, initiatives and in-service and institutional training
  • Assist in the day-to-day operations as assigned
  • Maintain confidentiality and exercises discretion in discussing compensation issues with supervisors and managers
  • Provide recommendations on pay decisions regarding new hire offers, promotions, wage adjustments, and transfers interpretation of compensation policies/guidelines
Qualifications for compensation analyst, senior
  • Serve as a project leader on major compensation initiatives
  • Advanced computer skills including spreadsheets, databases, word processing
  • Comprehensive knowledge of concepts, practices, and procedures in Human Resources in order to complete complex assignments
  • Comprehensive knowledge of point factor and market evaluation systems
  • Excellent interpersonal skills in order to interface effectively with external contacts at peer banks/applicable industries concerning a full range of compensation issues and trends
  • Thorough understanding of design and analysis of variable pay programs to ensure programs are equitable and achieving desired results, including incentive plans, discretionary bonus plans, and reward/recognition plans
2

Compensation Analyst, Senior Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of compensation analyst, senior. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compensation analyst, senior
  • Assist with the timely review and filing of Form 4s for Section 16 Insiders
  • Work with SOX and external auditors to ensure regulatory compliance of compensation processes
  • Act as a resource and subject matter expert in compensation programs, policies, and legislation governing compensation
  • Interact with all levels of management to help develop, implement, communicate, and administer base and variable pay programs
  • Partner with management to interpret compensation policies and provide analysis, advice, education, and solutions to compensation issues
  • Perform complex cost impact analyses and preparing special analyses, studies, and recommendations on subjects such as pay strategies to ensure market competitiveness, setting appropriate starting pay, incentive/sales compensation, and developing salary structures
  • Utilize the Global Career Framework for job evaluation and leveling, establishing market pricing benchmarks, salary structure assignment, incumbent analysis, and incentive target recommendations
  • Administer annual merit review for the US region, including manager training and manager/HRBP guidance
  • Processing acceleration or forfeiture in BAML
  • Sending AST forfeiture letters
Qualifications for compensation analyst, senior
  • Supporting the Senior Compensation Advisors with professional business related research and analysis
  • Strong team player and ability to work independently in a team
  • Strong compensation skills
  • Completion of a full 4-year course of study in an accredited college or university leading to a bachelor's or higher degree in a major such as human resources, or related
  • Certification as a Compensation Professional
  • Experience with HRIS systems (reporting, maintenance)
3

Compensation Analyst, Senior Job Description

Job Description Example
Our innovative and growing company is hiring for a compensation analyst, senior. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compensation analyst, senior
  • Participates in salary and compensation practice surveys
  • Research external market pricing for benchmark positions
  • Manipulate and analyze large data sets to distill insights from the numbers and convey findings to business partners
  • Assist with annual compensation processes, including base salary merit increases and equity grants
  • Work on core compensation projects and improve internal processes to scale looking
  • Ensure appropriate level of compensation governance across supported teams
  • Participate in the development, review, implementation, and administration of new/revised compensation programs with limited supervision
  • Responsible for completing moderately complex compensation projects with little or no supervision/guidance
  • Assist with any required communication and change management related to the administration of current plans or the revision or creation of new compensation programs
  • Support internal business leaders by researching and responding to questions, interpreting policies, and otherwise assisting with compensation-related issues
Qualifications for compensation analyst, senior
  • BA/BS in quantitative-focused major
  • Five (5) years of varied compensation experience
  • Certified Compensation Professional highly preferred
  • Leads the administration of compensation programs, including tracking global employee populations and data, coordinating global payout process and communications, and Sr
  • Leads the administration of Corporate Recognition Programs
  • Serves as primary compensation contact to human resources (HR) Managers to provide advice, direction and guidance on broadly defined compensation matters
4

Compensation Analyst, Senior Job Description

Job Description Example
Our company is looking to fill the role of compensation analyst, senior. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compensation analyst, senior
  • Performs complex compensation research and analysis by gathering and interpreting data
  • Responsible for participation in annual Salary Surveys, analyzing trends and gathering current market data information
  • Evaluate market data to recommend modifications and/or changes to salary structure
  • Conduct statistical analysis, data modeling and costing of pay programs
  • Provide analytical support for compensation initiatives
  • Analyze changes in salaries or salary grades that deviate from the Company’s compensation philosophy
  • Partner with the HR Manager/Generalist to provide support and council for client issues
  • Work with staffing and business clients to assist in hiring/retention/development of employees
  • Partner with Payroll to process bonus, merits, and any additional compensation related inquiries
  • Collaborate with HRIS to ensure the integrity of employee and job data within the HRIS system
Qualifications for compensation analyst, senior
  • Interpret state and federal wage, salary and hourly laws and regulations to ensure compliance and advise management accordingly
  • Knowledge of compensation principles, practices and standards and methods and processes for collecting, analyzing, interpreting and reporting data
  • MA in Human Resources
  • Monitors the effectiveness of existing compensation policies, guidelines and procedures recommending plan revision new plans that are cost effective and consistent with compensation trends and corporate objectives
  • Works closely with the Benefits team to ensure programs are viewed and designed to support the total reward philosophy of the organization
  • Bachelor’s degree in HR, Business Management or related discipline from accredited university
5

Compensation Analyst, Senior Job Description

Job Description Example
Our innovative and growing company is looking for a compensation analyst, senior. 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 compensation analyst, senior
  • Manage base pay and incentive programs including annual pay planning process, short term incentive programs, and long term incentive programs
  • Lead projects such as external survey participation and analysis, compensation integration for mergers and acquisitions, and executive compensation analysis
  • Provide day to day consultation, guidance, and recommendations on job/classification reviews taking into account external market data, internal equity, appropriate FLSA classification, and alignment with Tempur Sealy compensation philosophy
  • Support Executive Compensation activities related to equity administration, support for board and compensation committee materials, proxy
  • Build collaborative partnerships internally and externally which enable innovative approaches and solutions for leveraging the value of the total rewards package
  • Propose recommendations on global standards for the function in partnership with the HR leadership
  • Develop and document procedures and training materials to aid in streamlining processes, educating HR and Managers, and ensuring compliance with regulatory requirements
  • Manage requests for job evaluations/re-evaluations for new and existing positions
  • Participate in compensation and rewards surveys
  • Make recommendations on survey participation/purchase
Qualifications for compensation analyst, senior
  • Five (5) years of progressive experience administering compensation as a Compensation Analyst or similar role
  • Demonstrated understanding of FLSA legislation and Wage and Hour
  • Must have drive and desire to own programs, processes, consultancy
  • Strong analytical skills, problem solving capabilities, project management experience
  • Solid understanding of employment and wage regulations impacting compensation policies, practices, and procedures
  • Proven strong work ethic, ability to make decisions, and work in a fast-paced environment under tight deadlines, without sacrificing quality of work product

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