Senior Analyst, Compensation

Lemonade Insurance • New York, NY

259d • $90,000 - $120,000

About The Position

We are seeking a highly qualified Senior Compensation Analyst to join our People Operations team. This role is pivotal in ensuring our compensation and equity strategies are competitive, transparent and aligned with our company's philosophy. The successful candidate will leverage AI, data analytics, external benchmarking, and process improvements to enhance our compensation systems and practices, playing a crucial role in decision-making and strategic planning.

Requirements

• Minimum of 3+ years in a compensation analyst role or similar, with an emphasis on data management and process optimization within a People or Finance team
• Bachelor's Degree in a related field
• Advanced proficiency in Excel and data analysis tools
• Experience with Workday and other compensation-related software is strongly preferred
• Familiarity with standard job architecture, leveling, and third-party compensation data sets
• Exceptional attention to detail, with a dedication to data accuracy and integrity
• Strong written and verbal communication skills, capable of conveying complex information in clear terms to various stakeholders
• Ability to work 3 days a week in our NYC office
• Enthusiasm about learning and adapting to the exciting world of AI - a commitment to exploring this field is a fundamental part of our culture

Responsibilities

• Own and update compensation bands utilizing external data sources and market benchmarking to ensure competitiveness and alignment with our compensation philosophy
• Lead the compensation budget process, including forecasting, tracking, and analysis of budgets vs. actuals to manage financial performance
• Draft and maintain comprehensive presentations and guides to educate and foster transparency
• Oversee equity forecasting models, ensuring strategic allocation and alignment with company objectives
• Own the underlying job data architecture and business processes related to compensation and equity changes within Workday. Collaborate closely with the Workday system admin to enhance user experience.
• Implement systems and processes to guarantee the accuracy and reliability of compensation data, identifying areas for improved integrity and refined analytics
• Spearhead initiatives to automate and streamline compensation processes, enhancing efficiency across the board
• Serve as a trusted resource to all stakeholders, supporting and guiding them in compensation decisions based on our philosophy, facilitating informed decision-making through comprehensive analytics and reports

Benefits

• Equity
• Health insurance
• 401k
• Paid time off
• Flexible working hours

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree