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!