Compensation Specialist

Killam Oil Co LTD•Laredo, TX

2d•Onsite

About The Position

The Compensation Specialist is responsible for supporting the design, development, implementation and administration of the company’s compensation programs. This position will help ensure compensation practices are competitive, equitable, performance-driven, and aligned with the company’s business objectives.

Requirements

Bachelor’s degree in Human Resources, Business Administration, Finance, Accounting, or a related field.
Minimum of 5 years of experience in compensation, total rewards, HR analytics, finance, or a related HR function preferred.
Experience administering salary structures, merit increases, bonuses, or incentive compensation programs strongly preferred.
Strong analytical skills with the ability to interpret compensation and financial data.
Advanced proficiency in Microsoft Excel, including formulas, lookups, pivot tables, and data analysis.
Knowledge of compensation principles, market benchmarking, internal equity, and FLSA requirements.
Working knowledge of federal and state employment laws and HR best practices.
Strong employee relations and problem-solving skills.
Excellent interpersonal, written, and verbal communication skills.
Ability to maintain confidentiality and exercise sound judgment.
Strong organizational skills with the ability to manage multiple priorities and deadlines.
Ability to work independently while collaborating effectively with employees and leadership.
Proficiency with Microsoft Office and HRIS systems.
Professional, approachable, and service-oriented demeanor.
Ability to adapt to changing business needs in a fast-paced environment.
Must have a current valid driver’s license and a satisfactory driving record.
Adhere to the highest standards of ethics, integrity, professionalism, and discretion.
Project a courteous, professional and positive approach with clients, subcontractors, employees, and authorizing agencies while providing prompt, efficient, and accurate assistance.
Follow and exchange basic instructions, information, and guidelines.
Make decisions based on experience or knowledge with minimal supervision.
Participate in training and development opportunities offered to maintain related software and safety knowledge.
Adhere to and perform functions according to company and OSHA safety guidelines.
Maintain regular, timely, and predictable attendance.
Represent the company in a professional manner to callers and visitors.

Nice To Haves

CCP (Certified Compensation Professional) certification is preferred.
Experience in the real estate development industry preferred.
Experience with HRIS systems is preferred.

Responsibilities

Develop, maintain, and regularly evaluate company salary ranges, pay grades, job levels, and compensation structures.
Conduct market pricing and compensation benchmarking to evaluate the competitiveness of company positions.
Review new and existing positions to recommend appropriate salary ranges and compensation levels.
Analyze internal pay relationships and identify potential compression, equity, or market competitiveness concerns.
Provide compensation recommendations for new hires, promotions, transfers, adjustments, and retention situations.
Create and maintain the company’s Job architecture.
Maintain accurate compensation data and documentation.
Coordinate and administer the company's compensation and merit increase process.
Prepare compensation worksheets, reports, budgets, and recommendations for leadership review.
Partner with Executives and HR leadership to ensure increases are consistent with performance, internal equity, market conditions, and approved budgets.
Maintain documentation of compensation decisions and changes.
Manage the annual incentive plan process, including employee eligibility, target incentive percentages, performance measures, calculations, approvals, and payout reporting.
Track incentive plan participation and maintain accurate historical records.
Assist with developing or revising incentive programs as business needs evolve.
Develop compensation reports and dashboards for HR and executive leadership.
Perform modeling related to merit budgets, salary adjustments, bonuses, AIP payouts, and proposed compensation changes.
Partner with Finance to evaluate the financial impact of compensation programs and proposed adjustments.
Maintain confidentiality of employee compensation and sensitive company information.
Ensure compensation practices comply with applicable federal and state wage and hour requirements.
Support FLSA classification reviews and compensation-related audits.
Monitor compensation trends and recommend changes to company practices when appropriate.