Compensation Operations Analyst
About The Position
Guggenheim Investments is hiring a Compensation Operations Analyst to join our Finance Operations team. Reporting to the Compensation Finance Lead, the Compensation Operations Analyst is primarily responsible for managing compensation accounting and reporting, including preparing headcount roll-forwards, recording payroll and benefit-related journal entries across multiple entities and currencies, and completing account reconciliations while supporting financial planning with compensation analysis. The role will also assist with deferred compensation program administration by maintaining participant records, responding to employee inquiries, and managing annual processes such as enrollment and distributions. The role serves as a key project resource for system and process initiatives. The position being offered is remote, however some travel between office locations in Chicago and New York may be required.
Requirements
- Bachelors Degree in Accounting, Finance, or related
- 3-5 years prior compensation experience
Nice To Haves
- Investment management or related financial services experience strongly preferred
- Prior experience with Workday and Compensation modules
- Intermediate level Microsoft Excel proficiency
Responsibilities
- Prepare the Headcount Roll-forward and other reporting deliverables
- Identify and record journal entries including payroll accounting, compensation and benefit accruals, and deferred compensation plan awards across various legal entities and currencies
- Complete reconciliations for compensation and benefit related accounts
- Assist with compensation narrative and analysis in support of the plan, forecast or ad-hoc requests
- Compile necessary documentation for regulatory or audit deliverables
- Assist in administering compensation programs, including deferred compensation plans
- Maintain plan records, participant data, and documentation to ensure accuracy and compliance
- Respond to employee inquiries regarding compensation programs and basic plan provisions, escalating complex issues as needed
- Assist with annual plan processes such as enrollment, allocations and plan notices and continually monitor important plan deadlines for events including but not limited to elections, vesting, and distributions
- Facilitate Expense Sharing Agreement processes through employee time allocation surveys and preparation of expense support schedules
- Primary project resource for the Compensation Team system and/or process initiatives
- Partner with team members to coordinate requirements, testing, and process documentation
- Initiatives may include but are not limited to the following: Annual compensation change updates Operationalizing new compensation or benefit programs Implement alternative or additional payroll providers Transition to a Total Rewards Toolset
- Systems and Business Workflows Identify business processes / workflow enhancements to constantly improve the Workday experience Provides intimate knowledge on business processes, data mapping, and system configurations of modules
- Design and develop Workday reports to be utilized by Management or Business Leads
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
