Senior Compensation Analyst

Southwest Business • San Antonio, TX

69d

About The Position

SWBC is seeking a talented individual to lead and coordinate compensation projects and processes including compensation system implementation, salary planning, merit pay, pay equity analysis, compensation data audits, and FLSA analysis. This individual will administer the design, development, and implementation of compensation programs, policies, processes, and guidelines. They will also conduct industry related analysis and provides salary and pay grade recommendations for all job levels (including executive and top management). They will also evaluate new and existing position classifications to ensure compliance in accordance to policies and government regulations. This individual will collaborate with managers and recruiters to develop job descriptions for new and existing positions. In this position, you will play a key role within the Human Resources Compensation Team. You will have the opportunity to use your knowledge and skills to administer and help drive our competitive compensation programs to attract, retain, and reward the very best talent. You will also have the opportunity to grow while working with a great team of professionals that value you, your ideas, and your contributions.

Requirements

• Bachelor's Degree from an accredited four-year college or university required.
• Minimum of three to five (3-5) years of supporting the development, implementation, and administration of compensation programs, or related experience.
• Knowledge of theory and practice required for analyzing, developing, implementing, evaluating, and administering employee compensation systems.
• Knowledge of theoretical foundation of compensation administration and procedures.
• Knowledge and application of the Fair Labor Standards Act (FLSA) and state and federal pay regulations.
• Familiarity with HCM applications with a strong preference toward Workday HCM to include reporting experience.
• Able to use quantitative and non-quantitative reasoning to identify and solve compensation inequities.
• Able to identify ethical and legal issues in a business environment and recommend solutions.
• Strong analytical and organizational skills to manage multiple work assignments.
• Excellent and effective interpersonal and communication skills, both verbal and written.
• Proficient in utilizing computer applications such as Microsoft Office Suite with a strong emphasis on Excel.
• Able to maintain strict confidentiality of company information.
• Able to travel locally or nationally by car or plane.
• Sit for long periods of time performing sedentary activities.
• Stand, stoop, and kneel to file for long periods of time.
• Push, pull, and lift up to 20 lbs. of files, supplies, documents, or other related items.

Responsibilities

• Conducts job evaluations for all job levels (including executive and top management) using data analysis techniques to assess results in market trends and internal equity.
• Supports the VP of Human Resources with a variety of compensation projects and report preparation, which include benchmarking for executive and top management compensation levels and developing incentive plans.
• Supports the compensation team on ad hoc analysis, reporting, and insights including regular audits and documentation supporting internal compensation processes.
• Develops recommendations to solve critical issues and develops metrics to measure effectiveness of compensation processes.
• Provides data and analysis utilized to make changes to the executive and sales salary structure.
• Conducts job analysis interviews with various department leaders/managers to create compliant job descriptions.
• Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
• Gathers and analyzes data from market-based compensation surveys to provide market/equity reports for employee/executive compensation.
• Supports the administration of all incentive related programs, including merit, bonus, and equity.
• Organizes the planning of annual compensation survey participation to include; gathering required data, tracking submission deadlines, and receipt of final survey data for use in job evaluations.
• Provides professional compensation guidance to management in salary planning to optimize the organizations pay strategy.
• Provides consultation to management and Human Resources regarding market trends and the application of compensation programs, policies, processes, and guidelines.
• Conducts research, analyzes data, and prepares and presents recommendations requiring a broad understanding of compensation techniques, methods, practices and regulations.
• Reviews new positions to determine appropriate FLSA status and evaluates existing positions for compliance.
• Makes recommendations as appropriate for comprehensive job structure and organizational changes.
• Establishes equitable and appropriate titles, salary ranges, pay rates, exemption statuses, and benefit levels by applying job evaluation techniques.
• Administers the design, implementation, and administration of compensation programs, policies, processes, and guidelines for employees.
• Conducts regular audits in order to maintain data integrity in Workday system.
• Remains up to date on new compensation trends and legislative changes in order to ensure compliance with multiple state and federal pay regulations.
• Performs other duties as required.

Benefits

• Competitive overall compensation package
• Work/Life balance
• Employee engagement activities and recognition awards
• Years of Service awards
• Career enhancement and growth opportunities
• Leadership Academy and Mentor Program
• Continuing education and career certifications
• Variety of healthcare coverage options
• Traditional and Roth 401(k) retirement plans
• Lucrative Wellness Program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees