Compensation Analyst II - HR Compensation

Quick facts

• Schedule: Full-time
• Location: Remote

About this job

Support management, analysis, and administration of compensation programs at a large insurance brokerage. Responsibilities include job evaluation, market pricing analysis, FLSA classification, merit and incentive process support, and compliance auditing.

Good fit if you have a bachelor's degree, two years of compensation administration experience, FLSA knowledge, and strong Excel skills.

Full job description

Alliant Insurance Services is one of the nation's largest and fastest-growing insurance brokerage and consulting firms. We operate through a network of specialized national platforms and local offices to offer our clients a comprehensive portfolio of solutions built on innovative thinking and personal service. Alliant is changing the way our clients approach risk management and benefits, so they can capitalize on new opportunities to grow and protect their organizations.

More information is available on the company's website at: >.

SUMMARY

Provide support for the management, development, analysis, design, evaluation, implementation and administration of the company's compensation programs and initiatives. Responsible for the documentation and evaluation of jobs, capturing critical information needed for FLSA classification, completion of compensation surveys, and associated analysis. Ensure requests for job title, pay and classification changes comply with applicable regulations and current compensation policy. Partner closely with business leaders and cross-functional HR partners to facilitate compensation solutions.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Provide a high-level of support for the annual merit and incentive process, and officer slate; including project planning, communication, and execution.

Work on a variety of complex projects involving analysis, job mapping, project planning, and testing.

Work with managers to develop and update job descriptions, ensuring job content is appropriately captured.

Perform evaluation of job responsibilities to determine appropriate FLSA classification.

Perform regular research and audit of incentive plan eligibility for new hires and job changes, report findings and recommend corrections.

Perform compensation analyses, market pricing, and audit of internal pay and job data to ensure compliance with state and federal laws.

Maintain job description tracking, ensure each job has an updated job description and job descriptions are documented in the company's standardized format.

Review job and pay change requests, identify potential discrepancies, seek clarification, process approved changes, and prepare corresponding promotion or employment change letters.

Review and audit compensation reports such as ‘Employment Conditions Audit' and ‘Upcoming Agreement Dates' report, ensuring future compensation commitments are documented and processed in a timely manner.

Perform regular research and audit of incentive plan eligibility for new hires and job changes, report findings and recommend corrections.

Provide analytical and administrative support for various compensation projects, including responsibilities related to documenting, monitoring, tracking, auditing and coordinating payments from the annual incentive bonus, merit, promotion.

Develop, maintain and audit job titles, job codes, and other job related attributes in the HRIS.

Provide overall project support with the compensation administration application; audit internal data, perform testing of configuration and data interface files to ensure data integrity and accuracy.

Provide training and cross-training in support of Compensation Function procedures and team support model.

Maintain job family and career path information by Operations group.

Stay abreast of and may report on compensation compliance updates, such as state minimum wage increases, and FLSA exemption regulations.

Compile data for compensation survey submissions.


QUALIFICATIONS
EDUCATION / EXPERIENCE

Bachelor's degree or equivalent combination of education and experience

Two (2) or more years' experience with administration of compensation programs

Four (4) or more years overall experience in Human Resources, Finance, or related area within a mid to large size organization

Experience working with leaders and recruiters to prepare and maintain job descriptions

Certified Compensation Professional (CCP) or completion of some CCP course work

SKILLS

Knowledge of the Fair Labor Standards Act (FLSA)

Knowledge of federal, state and local laws relating to Compensation and HR practices

Knowledge of salary planning tools and methods, job evaluation techniques, and market salary trends

Proficient with Microsoft Office Suite: Word, Excel, PowerPoint, etc.; with emphasis on Excel

Skill in writing and editing job descriptions

Strong time-management, problem-solving, and organizational skills

Skill in analyzing and organizing technical data

Skill in completing assignments accurately and with attention to detail

Ability to work and thrive in a fast-paced, dynamic environment with frequent interruptions, distractions, and a fluctuating workload

Ability to work successfully as a member of a team and independently with moderate supervision

Ability to process and handle confidential information with discretion

Ability to communicate effectively in both oral and written form

Ability to understand and express opposing points of view while maintaining positive working relationships

Ability to maintain effective interpersonal relationships with employees at all levels of the organization

Ability to add, subtract, multiply, and divide accurately and quickly

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