Compensation Specialist Job Description

Compensation Specialist Job Description

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Compensation specialist provides technical support for Microsoft Windows, G Suite, Microsoft Office and custom applications.

Compensation Specialist Duties & Responsibilities

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

Sample responsibilities for this position include:

Develops, implements, administers compensation and incentive policy, procedures, practices and programs
Meet SLAs and deadlines in accordance with department policies and procedures
Periodic review of existing procedures and creating procedures for new processes
Conduct research and analysis to understand mobile internet industry compensation and rewards practices and trends
Lead Mobile Business Group compensation cycles (performance & bonus, Merit, equity) and provide compensation logics for cycle tool configuration
Research and propose compensation and benefit practices
Reviews compensation agreements and ensures that they are calculated and administered correctly for experienced and new financial advisor resulting from employment agreements, contracts, stock grants, bonuses, schedule of payments, draw and deal level changes, terminated financial advisor balance, pre-approved discount exception accounts, quarterly bonus review and production matching any other special deals
Conducts surveys and studies labor markets to determine compensation trends
Applies job evaluation techniques to establish equitable compensation rates within the organization as compared with industry rates
Reviews classification and compensation changes and makes recommendations with respect to tasks being performed

Compensation Specialist Qualifications

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

Licensing or Certifications for Compensation Specialist

List any licenses or certifications required by the position: CCP, PHR, SHRM, SPHR, HR, CP, GRP, SCLA, AIC, CPCU

Education for Compensation Specialist

Typically a job would require a certain level of education.

Employers hiring for the compensation specialist 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, Education, Finance, Business/Administration, Accounting, Economics, Graduate, Human Resources Management, Communication

Skills for Compensation Specialist

Desired skills for compensation specialist include:

Excel
Microsoft Excel
Practices
Procedures
Compensation
Outlook
PowerPoint and Windows
US GAAP and IFRS relating to Comp Accounting
Policies
Microsoft Office applications

Desired experience for compensation specialist includes:

Motivated, driven, and takes pride in delivering quality work
Thrives in a rapidly changing environment and maintains a sense of urgency
Volunteers for new challenges without waiting to be asked
Comfortable with ambiguity and developing solutions based on limited data available
Enjoys building rapport and relationships with others within and outside the organization
Possess innate professional curiosity and constantly improves processes and tools

Compensation Specialist Examples

1

Compensation Specialist Job Description

Job Description Example
Our company is hiring for a compensation specialist. 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 specialist
  • Responsible for the overall management of change resulting from the implementation of new compensation agreements - Primary liaison for compensation governance requests from Retail partners
  • Communicates or oversees communication of compensation philosophy, plans, and incentives programs to all employees
  • Participate in and analyze relative market compensation surveys for staff level positions
  • Provide monthly POA/Compensation and ad hoc reporting to support monthly payment and control processes
  • Design compensation packages for few legacy Moto hiring/movement cases
  • Participate in the definition of a fair, equitable and competitive total compensation package that fits and is aligned to our company’s strategy and business goals
  • Influence a consistent compensation philosophy in line with our organizational culture and objectives
  • Perform continuous research about emerging trends, issues and best practices
  • Management of Retail Partner’s Compensation Agreements and ensure commission payment are within the framework of the agreement
  • Plan and document meetings with Internal and External customers regarding Compensation issues and deliverables
Qualifications for compensation specialist
  • Maintains a sense of humour under pressure and knows how to have fun!
  • Ability and willingness to take accountability for actions
  • Ability to manage own time effectively and to work independently
  • A collaborative and positive team member
  • Possess a University degree with emphasis on business, finance or economics
  • Analyzes jobs and prepares job descriptions and specifications
2

Compensation Specialist Job Description

Job Description Example
Our company is growing rapidly and is looking for a compensation specialist. 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 specialist
  • Minimum of 1 year of experience in Corporate environment, Compensation preferred
  • Manages compensation benchmarking, annual survey participation and coordination
  • Maintains and administers compensation related software / technical programs and tools
  • Keeps abreast of any local legislative or tax changes impacting compensation programs
  • Provide local market intelligence on compensation and salary posture
  • Assist local team on banding, compensation remixes, retention programs
  • Co-ordinates and executes programme related communications, educates HR Partners, Managers and HR Service Centre on compensation policy, including approval processes
  • Help Compensation local negotiations where needed
  • Understand the Compensation processes, the Organization structure, the related data in the various HR systems in order to create/provide the appropriate and accurate reports
  • Create reports to support Global Compensation
Qualifications for compensation specialist
  • Professional Savvy and great communication skills - Required
  • Experience/Familiar with Salary Surveys - Required
  • Bachelor’s degree of equivalent experience required
  • VERY SHARP with desire for growth - Required!
  • Desire to work hard and have fun while doing so!
  • Advanced Excel skills, database programs
3

Compensation Specialist Job Description

Job Description Example
Our company is hiring for a compensation specialist. 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 specialist
  • Gather Report requirements from the Global Compensation COE
  • Assist in managing annual compensation surveys
  • Assist in the preparation of compensation communication material for the purpose of educating, sharing information, marketing ideas, influencing and change management
  • Assist the Lead Specialist in the design and maintenance of compensation dashboards
  • Understand analytical systems, models and procedures in order to support design solutions and enhance consistency and efficiency and operability
  • Support various contract negotiations with collective bargaining units in relation to compensation plans to ensure the consistent application of policy across bargaining units
  • Compensation Communication Strategy and Design
  • Variable Compensation Plan
  • Year-End Compensation Administration
  • Participate in the administration and communication of incentive pay programs
Qualifications for compensation specialist
  • Knowledge of PeopleSoft HR
  • Prepare merit/bonus and promotion budgets for production departments
  • Manages the recognition award process by running reports, setting budgets and assisting with user issues
  • Provides assistance to the maintenance of the contract database tool which includes running monthly reports and updating/enter contract information
  • A minimum of one year compensation experience
  • Experience in an administrative, coordination or generalist role
4

Compensation Specialist Job Description

Job Description Example
Our company is growing rapidly and is hiring for a compensation specialist. 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 specialist
  • Responsible for the administration of the executive compensation short- and long-term incentive plans
  • Under direct supervision, administers the executive compensation short- and long-term incentive plans and equity plans
  • Follows, maintains and updates established guidelines, processes, and procedures to ensure regulatory compliance including SOX 404
  • Participates in and conducts compensation market surveys, as assigned
  • Assists with other compensation projects, as assigned
  • Process charges and credits from various internal and external sources against advisors commission statements through the Oracle Commission system
  • Work with various departments to ensure all documents required for audit are received and properly accounted for
  • Maintain databases by entering data, reconciling and generating reports if needed
  • Process complex requests for large offices and exceptions
  • Involvement in various projects which includes testing, reporting and data analysis
Qualifications for compensation specialist
  • Direct teams in meeting daily Service level of agreement (SLA) to the advisors
  • Handle phone and electronic communication to the Service Team, other departments and external parties
  • Support audit requirements, adhere to controls to meet risk objective and establish new controls or modify existing controls to minimize risk
  • Experience in Commissions Processing and Billing preferred
  • Effective and proactive communicator with strong verbal and written communication skills especially when dealing with senior management, other business units and sponsors
  • Thorough documentation skills and ability to document new processesMust be self-motivated and effectively cope with changing environments
5

Compensation Specialist Job Description

Job Description Example
Our company is looking to fill the role of compensation specialist. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compensation specialist
  • Partner with the International C&B team on compensation issues and programs, and work on a variety of special compensation projects from design, implementation and ongoing analysis
  • Benchmark, design and manage competitive compensation programs, including university/campus (intern, undergraduate and MBA) compensation and environmental pay (night-shift pay, language premiums, on-call) programs
  • Partner with International C&B team to identify resources for market intelligence, and participate in the annual market benchmarking of compensation ranges and pay practices
  • Oversee the incentive plan management tool to support business and compensation org to accurately account for commission based and non-commission based incentive plan targets which includes system configuration and governance/security mechanisms
  • Objectives for this role will include driving operational process improvements in compensation incentive plan assignments and improving the scalability of program tools
  • Permanent monitoring of legislative changes in remuneration practices, taxes withhold and deduction to the funds
  • Prepare submissions for the monthly forecasting and accruals process
  • Undertake manual payment calculations
  • Execute and enhance financial/process controls to proactively identify payment issues
  • Partner with A/R and A/P to facilitate monthly payment process
Qualifications for compensation specialist
  • Knowledge in Oracle, Documentum, SharePoint, Seibel and Beta preferred
  • Working towards an Accounting designation (CMA/CGA/CA)
  • Minimum four (4) years experience in a complex, high-volume financial operations environment
  • Familiarity with the SAP P77 and taxation rules
  • High degree of proficiency in MS Office (Excel, Access)
  • Workday Integration – Collaborating with HRIS on providing comp information and guidance for setting up interim Workday

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