Senior Compensation Analyst

SRS Distribution Inc.•Lincoln, NE

21h•Hybrid

About The Position

The Senior Compensation Analyst at SRS Heritage Group is a critical role designed to enhance the administration and design of comprehensive compensation programs for our business clientele. This individual is responsible for conducting annual compensation benchmarking studies, analyzing and ensuring compliance and competitiveness of existing and proposed compensation initiatives, and optimizing compensation strategies to align with market trends and organizational goals. With a commitment to extraordinary customer focus and leveraging strong analytical and communication abilities, the Senior Compensation Analyst will deliver insightful analytics, develop ad-hoc reports, and champion continual improvements in compensation practices to ensure effective business partnering and organizational success.

Requirements

Bachelor’s degree in Business, Human Resources, Accounting, Finance, or a related field from an accredited university or college.
Minimum of 5 years of experience in administering compensation programs within a large, multi-state organization.
Demonstrated expertise in conducting compensation benchmarking studies to ensure competitive wage practices.
Proficient in analyzing compensation programs to ensure compliance, competitiveness, and cost-effectiveness.
Proven ability in overseeing the design and administration of various compensation programs, including base wage, annual incentive, performance-based incentive, and commission programs.
In-depth knowledge of applicable federal and state regulations related to compensation practices.
Experience with compensation survey sources/vendors such as Willis Towers Watson, Mercer, or Payfactors.
Advanced proficiency in Microsoft Excel; placement will involve an Excel skills assessment.
Demonstrated proficiency in Microsoft Office Suite, specifically MS Word and PowerPoint.
Strong analytical skills with acute attention to detail and the ability to generate comprehensive compensation reports utilizing Workday and Excel.
Exceptional interpersonal, communication, and organizational skills, with a strong customer service orientation.
Critical thinking and problem-solving skills with a demonstrated ability to plan, prioritize, and partner effectively with business units.
Ability to influence and drive successful organizational change initiatives.

Nice To Haves

Certified Compensation Professional (CCP) designation is preferred but not required.
Advanced Analytical Proficiency: Demonstrated expertise in advanced statistical and data analysis techniques, with the ability to synthesize complex data sets into actionable insights, ensuring robust decision-making strategies in compensation design and implementation.
Strategic Vision: Proven track record of developing and executing strategic compensation initiatives that align with organizational goals and drive performance, while fostering a competitive market position.
Project Management Excellence: Extensive experience in leading and managing large-scale compensation projects, with strong project planning and execution skills, ensuring timely delivery and implementation.
Technical Proficiency in Compensation Platforms: Expert-level proficiency in utilizing compensation management software and systems, including advanced capabilities in Workday and other renowned compensation platforms to drive efficiency and accuracy in compensation processes.
Innovative Problem Solving: Skilled in identifying industry trends and innovative compensation solutions, bringing in creative approaches to address compensation-related challenges and opportunities.
Cross-functional Collaboration: Demonstrated ability to build strategic partnerships and work collaboratively across various functions and levels within the organization, enhancing the effectiveness of compensation strategies through shared objectives and outcomes.
Change Management Acumen: Proficient in leading organizational change efforts related to compensation practices, with a deep understanding of change management principles and methodologies to ensure smooth transitions and adoption of new systems or processes.
Global Compensation Exposure: Experience working with multinational organizations and familiarity with global compensation practices, including management of international compensation structures and diverse regulatory environments.
Advanced Certifications: Possession of additional certifications such as Certified Compensation Professional (CCP) or Global Remuneration Professional (GRP) demonstrating a commitment to continuous professional development and expertise in the field.
Advanced Education: A Master’s degree in Human Resources, Business Administration, or a related field, providing a deeper theoretical background and strategic perspective on compensation trends and frameworks.

Responsibilities

Lead the administration and innovative design of SRS Heritage Group's comprehensive compensation programs, ensuring alignment with corporate objectives and compliance with applicable regulations.
Conduct and analyze annual compensation benchmarking studies to maintain SRS's competitive pay structure and ensure market alignment, leveraging industry data and insights.
Evaluate and refine existing compensation policies and practices, ensuring they are cost-effective, competitive, compliant, and promote internal equity across all business units.
Review and validate salary adjustments, ensuring adherence to established guidelines and corporate compensation strategy, while providing expert guidance to management on compensation decisions.
Generate precise ad hoc compensation reports utilizing advanced functionalities in Workday and Excel to support strategic decision-making and compliance with Federal & State regulatory requirements.
Proactively identify and recommend opportunities for process improvement in compensation practices, supporting continuous enhancement initiatives aligned with organizational goals.
Collaborate cross-functionally with HR and business leaders, utilizing strong business partnering skills to influence compensation-related organizational changes and drive effective implementation.
Maintain superior customer service standards through exceptional communication and organizational skills, addressing compensation-related inquiries and ensuring stakeholder satisfaction.