Senior Compensation Analyst

The Sr Compensation Analyst contributes to and supports the design, creation, implementation and administration of executive, exempt and non-exempt compensation programs for the firm; facilitates implementation of compensation structures and system changes to support the firm strategic plan ensuring equitable compensation; and serves as an internal consultant to all levels.
The Sr Compensation Analyst designs and manages compensation projects from planning and research to implementation. Conducts extensive market pricing and internal equity studies and participates in surveys to ensure market competitiveness to support colleague attraction and retention. Performs complex tasks including research, statistical analysis, and reporting. Provides a significant contribution to the development of compensation policies and programs. Administers annual compensation programs. Supports management by serving as guide or mentor to junior colleagues within the team. The Sr Compensation Analyst also interfaces and develops positive working relationships with internal customers and external vendors.

DESCRIPTION OF PRIMARY RESPONSBILITIES:

• Leads research and analytical efforts pertaining to executive, exempt, and non-exempt salary administration which includes market and structure comparisons, as well as workday administration.
• Independently develops, revises, and oversees adherence to standard practice and procedures, ensuring activities comply with established firm policies.
• Collaborates closely with the total rewards team to streamline and integrate departmental work processes.
• Serves as the primary guide for junior colleagues, enhancing the overall success of the team or project groups.
• Develops and presents proposals for pay adjustments, market alignment, and restructuring. Handles the processing, recording, and reporting of compensation-related actions.
• Is the primary supporter of the configuration, testing, and ongoing utilization of the Workday HCM Compensation, Advanced Compensation, and Benchmarking modules.
• Continually updates knowledge on federal, state, and local compensation laws to ensure compliance. Monitors ongoing FLSA reviews.
• Forges partnerships with HR and other departments to bolster understanding, training and communication around compensation programs, promoting transparency among talent acquisition and colleague relations professionals.
• Works cohesively with the Benefits team, providing support to their initiatives and ensuring alignment with the firm's total reward philosophy.
• Leads the job evaluation process by reviewing new and existing job descriptions and making grade recommendations.
• Provides senior-level advice to HR and management on pay decisions aligned with compensation policies and best practices.
• Evaluates and recommends modifications to existing compensation programs and policies to ensure compliance.
• Conducts comprehensive analyses of market data and trends to maintain the organization's competitive position.
• Participates in the design, launch, and management of new compensation programs and initiatives.
• Establishes and maintains vendor relationships for efficient service delivery.
• Supports equity award administration in a public, high-growth environment.
• Evaluates job roles, develops, maintains job descriptions, and enhances the job architecture in Workday.
• Creates and manages internal compensation standard operating procedures.
• Collaborates with Human Resources Technology on process improvements and systems enhancements.
• Works with Accounting and Finance on cost modeling, accruals, forecasts, and budgeting.
• Provides top-tier analytical support for total rewards compliance requirements.
• Develops presentations and recommendations for leadership.
• Performs related duties and responsibilities as assigned, demonstrating autonomy and expertise.

MANAGEMENT AND SUPERVISORY SCOPE:

• Individual Contributor: no managerial functions apply.

FINANCIAL AND BUDGET ACCOUNTABILITY:

• No

EDUCATION AND EXPERIENCE:

College Degree:

• Bachelor's degree in HR, Business Management or related discipline from accredited university

Experience:

• 5+ years of relevant progressive work experience in Finance, Human Resources, or a related field

Certifications:

• Prefer CCP through WorldatWork, or actively working to attain certification
• Professional training and experience with Workday HCM Advanced Compensation
• Prefer PHR, SHRM-CP, and/or SHRM-SCP, or actively working to attain certification

KNOWLEDGE, SKILLS AND ABILITIES:

•    Complex project management •   Job analysis and benchmarking •    Working knowledge of the compensation/HR regulatory environment •    Market pricing •    Administering incentive programs •    Workforce and salary planning •    Compensation modeling and cost analysis •    Survey participation •    Compensation program design and administration •    Compensation management software •  Process Improvement and related process mapping skills

TECHNICAL, COMPUTER, SYSTEM SKILLS:

• Advanced MS Excel skills including pivot tables, if statements, lookups, etc.
• Advanced knowledge of Workday HCM system functionality and process reengineering
• Advanced experience with using the MS Office Suite
• Compensation and benchmarking management systems such as: PayFactors, MercerWIN, ERI, and or AON McLagan platforms.

OTHER REQUIREMENTS:

• This standalone role necessitates robust analytical abilities, comprehensive knowledge of compensation, and the capacity to independently manage in a dynamic, demanding work environment with minimal oversight.
• Tasks include frequently mentoring and guiding less experienced colleagues, possibly directing a small team or project in the absence of oversight.
• The role requires liaising with all organizational levels and concurrently managing multiple projects and tasks while still delivering results in a timely manner.
• The candidate must possess superior communication, project management, and problem-solving skills, coupled with a persistent desire to stay updated on compensation practices and principles.
• There is an expectation of comfortability while working within ambiguity and independent operation with minimal supervision.
• A unique blend of excellent data analysis capabilities plus technical writing skills to efficiently distill and simplify complex information is essential.
• A keen attention to detail, strong analytical abilities, and unwavering follow-through abilities are critical for success.
• The role requires proactive anticipation of work needs and initiative to independently execute tasks with minimal instruction.
• Trustworthiness, maintaining professional relationships, fostering inclusivity, and solid decision-making skills are essential attributes.
• A fundamental understanding of current employment laws and regulations is a prerequisite for the role.

SPECIAL WORKING CONDITIONS:

• Fast paced multi-tasking environment

IMPORTANT NOTICE:

• This position description is intended to describe the level of work required of the person performing in the role and is not a contract.  The essential responsibilities are outlined; other duties may be assigned as needs arise or as required to support the organization.  All requirements may be subject to reasonable accommodations to applicants and colleagues who need them for medical or religious reasons.

EEOC (STATEMENT):

• The Baldwin Group is an equal employment opportunity firm and strives to comply with all laws prohibiting discrimination based on race, color, religion, age, sex (including sexual orientation and gender identity), national origin or ancestry, disability, military status, marital status, and any other category protected by federal, state, or local laws. All such discrimination is unlawful, and all persons involved in the operations of the firm are prohibited from engaging in this conduct.

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The Baldwin Group will not accept unsolicited resumes from any source other than directly from a candidate who applies on our career site. Any unsolicited resumes sent to The Baldwin Group, including unsolicited resumes sent via any source from an Agency, will not be considered and are not subject to any fees for any placement resulting from the receipt of an unsolicited resume.