Sr Compensation Analyst

GEICO • Chevy Chase, MD

2d • $91,225 - $141,450

About The Position

At GEICO, we offer a rewarding career where your ambitions are met with endless possibilities. Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive through relentless innovation to exceed our customers’ expectations while making a real impact for our company through our shared purpose. When you join our company, we want you to feel valued, supported and proud to work here. That’s why we offer The GEICO Pledge: Great Company, Great Culture, Great Rewards and Great Careers. As a Compensation Analyst III for GEICO you will manage the administration of base salary compensation, job evaluations, market pricing, and salary structure. In this role you will also support the administration of year-end compensation. This role will support the Compensation Business Partner for Corporate functions serving as a partner between the compensation team and corporate business units. This position allows you to take a leading role and have the opportunity to develop, analyze and recommend improved compensations strategies that provide solutions to issues in creative and effective ways. You will also help to ensure internal equity, external competitiveness, and compliance with all applicable laws, regulations and organizational policies.

Requirements

• 7+ years related experience in compensation analysis
• Bachelor’s degree in Business Administration, Human Resources, Mathematics, Finance, or related field.
• Proficient in Excel
• Adheres to the GEICO Code of Conduct, and company policies and operating principles.
• Meets attendance standard of the business location, to perform necessary job functions and to facilitate interaction with management and co-workers.

Nice To Haves

• Experience with Workday HCM and Advanced Compensation preferred.

Responsibilities

• Develops and presents summary reports of job analysis and compensation analysis information.
• Prepares survey submissions and gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends.
• Support the Compensation Business Partner for corporate functions to serve the business for job evaluations, external candidate offers, salary structure reviews and other business needs as they arise.
• Acts as project planner for scheduled and ad hoc initiatives such as salary schedule reviews, to include facilitating change controls, change management strategy and timeline.
• Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
• Advises HR Business Partners and management on salary administration, job code use, wage-hour issues, state and federal pay regulations, as well as compensation policies and procedures.
• May strategize and implement wholistic department job and compensation reviews
• May propose job architecture structures and job profile taxonomy to support department structure and needs
• May prepare and maintain job descriptions for each position in the organization; ensures descriptions accurately reflect the work being performed.
• Gathers and documents job, organizational, and occupational information including duties, responsibilities, and skills required by each job.
• Assesses jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range.
• Ideal candidate is comfortable speaking with senior business leaders on a variety of compensation matters and has ability to prioritize multiple competing priorities.

Benefits

• Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family’s overall well-being.
• Financial benefits including market-competitive compensation; a 401K savings plan vested from day one that offers a 6% match; performance and recognition-based incentives; and tuition assistance.
• Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
• Supports flexibility- We provide workplace flexibility as well as our GEICO Flex program, which offers the ability to work from anywhere in the US for up to four weeks per year.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level