Compensation Specialist

Curtiss-Wright•Parsippany, NJ

1d•Onsite

About The Position

We are looking for a Compensation Specialist to join our team in Parsippany, NJ! This role involves partnering with field locations in the U.S. and other countries to administer compensation programs aligned with Corporate policy. The specialist will handle inquiries, interpret company policy and government regulations, and provide solutions to compensation-related issues. Key responsibilities include creating job descriptions, conducting job evaluations, determining U.S. FLSA exemption status, recommending compensation grade assignments, and participating in industry compensation surveys to ensure competitive pay practices. The role also provides administrative support for short-term incentive plans, conducts data audits in Workday, supports compensation plan configuration, develops and monitors global salary ranges, and completes global merit budget analysis. Additionally, the specialist will assist in the annual compensation planning process, evaluate and analyze compensation practices, ensure compliance with laws, and support executive compensation analysis and other departmental projects.

Requirements

Bachelor’s Degree with 3+ years of compensation experience in a multinational environment
Excellent Microsoft Excel skills (pivot tables, vlookup)
Knowledge of compensation practices and processes
Excellent written and verbal communications skills
Strong organization, project management, and time management skills
Strong analytical and reporting skills
Ability to make sense of complex, high quantity, and sometimes contradictory information to effectively solve problems
Ability to maintain a high level of confidentiality and professionalism
Ability to conduct comprehensive market pricing studies
Ability to build collaborative relationships and foster teamwork
Quality orientation and careful attention to detail

Nice To Haves

Experience with Workday Compensation preferred
Completion or progress towards Certified Compensation Professional (CCP) preferable

Responsibilities

Partner with field locations in the U.S. and other countries to administer compensation programs aligned with Corporate policy.
Handle inquiries from field locations, interpret company policy and government regulations, and provide solutions to compensation-related issues.
Create job descriptions, conduct job evaluations, determine U.S. FLSA exemption status, and recommend compensation grade assignments.
Participate in various industry-related compensation surveys and utilize data to ensure competitive pay practices.
Provide administrative support for the short-term incentive compensation plans, including completing forfeiture analyses and auditing bonus plan participation details.
Conduct periodic compensation-related data audits in Workday and support compensation plan configuration and maintenance.
Develop and monitor salary ranges globally to ensure internal equity and market competitiveness.
Complete global merit budget analysis and assist in the company’s annual focal compensation planning process for global salary review, long-term incentive grant, and incentive payout.
Evaluate and analyze compensation practices and propose adjustments pay programs and administrative processes.
Ensure compliance with applicable federal, state, and international laws to ensure programs and plans meet statutes and requirements.
Assist with executive compensation analysis and projects.
Support the Compensation department with various projects across the organization in order to help achieve key deliverables in the department in a timely fashion.