Senior Compensation Analyst

Iberdrola•Orange, CT

20d•Onsite

About The Position

The Senior Compensation Analyst administers compensation programs and practices for assigned business units. The role supports job evaluations, market analyses, salary survey participation, compensation recommendations, and compensation projects or special initiatives. It partners with People Business Partners, Talent Acquisition, managers, and employees to provide day-to-day guidance and solve business problems. The analyst reviews market data, organizational structure, internal equity, regulatory requirements, and other relevant factors to support recommendations and compensation decisions. The position also contributes to annual incentive and merit programs, compliance and audit activities, compensation-system data maintenance, and reporting.

Requirements

Bachelor's degree or an equivalent combination of education and experience.
At least 5 years of relevant experience.
Experience in job evaluation, market pricing, salary survey participation, and annual compensation cycles such as performance management, merit, and bonus programs.
Demonstrated experience with Microsoft Excel, PowerPoint, Workday, SAP, or another ERP system.
Strong analytical, problem-solving, and decision-making skills.
Strong data analysis and reporting skills.
Strong attention to detail.
Working knowledge of FLSA and other compensation-relevant laws and regulatory requirements.
Ability to build relationships with internal and external constituents and interact with all levels of the organization.
Experience handling confidential or sensitive information.
Interpersonal skills and the ability to communicate effectively through verbal, written, and electronic communication.

Nice To Haves

Compensation certificate.

Responsibilities

Collaborate with People Business Partners, Talent Acquisition, management, and employees to provide day-to-day compensation support and recommendations.
Analyze employee actions, including new hires, promotions, and reorganizations, and recommend salaries using external market data, internal structure and equity, and other relevant factors.
Conduct job evaluations by comparing primary duties and minimum qualifications with external market data, regulatory requirements, and internal grades, salary structures, and titling conventions.
Support administration of annual compensation programs, including incentives and merit.
Assist with regulatory compliance, audit requests, and rate cases.
Participate in salary surveys and maintain market data.
Compile information from various sources for analysis and compensation recommendations.
Update compensation-system data.
Complete market analyses and internal equity reviews, and create summary statistics.
Communicate compensation decisions, rationale, and supporting analyses; consider stakeholder perspectives and additional information.
Assist with administration of compensation programs, initiatives, and projects.
Adhere to effective internal controls.