Job Summary
The Senior Compensation Analyst provides analytical support for the administration of compensation programs, position evaluations, salary recommendations, and other detailed research projects. Objectives for this role include conducting external market research and internal benchmarking by utilizing and optimizing current tools, and continuously identifying opportunities to improve and quality control current practices. The analyst will also be responsible for ongoing project management support, including managing multiple deliverables at once and keeping stakeholders informed. The ideal candidate will be comfortable in a fast-paced, multi-tasked, high-energy environment.

Essential Functions

• Implements and administers compensation programs that are internally equitable and externally competitive.
• Market prices new internal jobs by gathering job descriptions, organizational information, and internal/external market data.
• Supports annual incentive payout and annual performance adjustment processes by implementing a detailed work plan, working closely with internal departments to analyze data, gathering details for final financial results, and executing individual payout process.
• Provides confidential counsel and recommendations to HR consultants relative to individual compensation actions.
• Maintains the tools and processes used for the allocation of merit and incentive award programs.
• Researches and responds to discovery requests in utility regulatory proceedings.
• Participates in compensation surveys.
• Prepares and analyzes salary survey data.
• Reviews changes in wages and salaries for conformance to policy.
• Researches and analyzes market data to update base salary ranges.
• Partners with Recruiting, Human Resources, and Legal.
• Supports ad hoc analysis, including special leadership requests.
• Essential Responsibilities Senior Compensation Analyst:
• All of the above plus
• Designs the tools and drives annual incentive payout and annual performance adjustment processes.
• Builds relationship with external vendors for compensation survey selection and participation.
• Builds and maintains compensation data contained in third party software.
• Analyzes data to support development of salary increase budgets.
• Assists with administration and analysis of executive pay programs.
• Maintains SOX controls.
• Builds models to project short and long-term incentive plan costs.
• Required Qualifications For Position
• Bachelor's Degree from an accredited institution
• 4-6 years Minimum of 2-4 years of compensation experience for analyst and 5+ years for senior
• Self-motivated and resourceful with the proven ability to learn quickly
• Demonstrated ability to operate with a high degree of accuracy
• Strong time management skills and ability to adapt to competing priorities
• Demonstrated superior judgment, diplomacy, and tact, with a willingness to speak up in the midst of adversity
• Excellent analytical, verbal and written communication skills
• Ability to keep absolute confidentiality in actions
• Ability to interact effectively with all levels of leadership
• Strong skills in Microsoft Office including Excel, Word and PowerPoint Workday
• Preferred Additional Qualifications for Position
• Certified Cost Professional (CCP) Upon Hire
• Physical Demands
  
  The preceding description is not designed to be a complete list of all duties and responsibilities required of the position.

Interested - learn more here! 

AEP is seeking a skilled Compensation Consultant to serve as the primary contact for HR and business leaders on compensation matters. This role involves developing and implementing the annual compensation planning process and managing base pay, wage schedules, incentive plans, and recognition programs. The consultant will conduct salary surveys and market analysis to ensure competitive talent recruitment and retention, while collaborating with Talent Acquisition, HRIS, Payroll, and HR Business Partners to ensure compliance with compensation policies.

Job Description

What You'll Do:

• Consult with and assist business unit leaders and Human Resources staff in regard to matters concerning compensation programs to ensure consistent practices and pay equity across the Company.  
• Conduct or coordinate participation in external surveys related to employee compensation and compensation policies.
• Perform analysis and make recommendations based upon the results. Evaluate positions to determine accurate market competitive pay, internal grading, and compliance with FLSA laws.
• Provide guidance to HR Business Partners, Talent Acquisition, and business unit leaders on job offers to candidates to ensure pay is market competitive and internally equitable. 
• Work with Equity and Inclusion on annual pay equity studies.  
• Provide analysis and help determine any corrective course of action.  Lead or assist in managing employee recognition program. 
• Supports the annual compensation planning process.  
• Partner with HR Business Partners to provide guidance to leaders regarding application of manager discretion to salary increases and incentives.
• Conducts reporting and audits to ensure recommendations are within company policies and practices.
• Assist compensation team with special projects or emergent activities, such as those related to acquisitions or divestitures.
• Develop and maintain subject matter expertise through outside sources and consult with clients on compensation trends and issues and how these issues may impact the company and how the Company should respond. 
• Develop and implement effective communications necessary to establish and maintain a sound compensation program that contributes to the overall objectives of AEP.
• Work with others within the HR organization in communicating new programs, policies and procedures with business units throughout the Company.

What We're Looking For:

Education:

• Bachelor's Degree in business administration, human resources management, industrial management or a related discipline; or Associate's Degree with two (2) years of HR experience. 

Experience:

• In addition to any experience required above, four (4) years of human resources experience, to include two (2) years of compensation experience.  
• Expert technical knowledge and analytical skills in the use of spreadsheet, database and word processing software required.
• Knowledge with various wage and hour laws.

OTHER REQUIREMENTS:

• World at Work designation as a Certified Compensation Professional (CCP) preferred.
• Strong consulting, interpersonal and communication skills.  

Where Putting the Customer First Powers Everything We Do!!

At AEP, we're more than just an energy company - we're a team of dedicated professionals committed to delivering safe, reliable, and innovative energy solutions.  Guided by our mission to put the customer first, we strive to exceed expectations by listening, responding, and continuously improving the way we serve our communities.  If you're passionate about making a meaningful impact and being part of a forward-thinking organization, this is the company for you!

Interested? Apply here!