Compensation Analyst

Maguire Insurance Agency Inc; Bala Cynwyd (PA); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Tuition reimbursement

Generous 401K match

Job summary

Maguire Insurance Agency Inc in Bala Cynwyd, Pennsylvania, is seeking a Compensation Analyst. This role provides comprehensive compensation analysis, including salary and variable pay administration, job classification, and development of job descriptions.

The ideal candidate will have a Bachelor's Degree and at least 5 years of compensation experience. We offer a robust benefits package, including tuition reimbursement and a generous 401K match.

Qualifications

• Minimum 5 years of compensation experience.
• Equivalent combination of education and experience may be substituted.
• CCP, PHR, or SPHR preferred.

Responsibilities

• Participate in the annual compensation process.
• Prepare data for the compensation system/worksheets.
• Evaluate positions for salary grade placement.
• Conduct exemption testing for compliance.
• Assist in developing job descriptions.
• Perform competitive market analysis.

Skills

Compensation analysis

Data analysis

Research

Job classification

Communication skills

Education

Bachelor’s Degree

Tools

Workday

Job description

Compensation Analyst

Provides a full range of compensation analysis and program administration services, including salary and variable pay administration, job classification and evaluation, survey participation, and job description development.

Researches, collects and analyzes internal and external data for benchmarking, compensation reporting, and decision making.

Assists in compensation projects such as the annual compensation review process, system implementations, performance management, and bonus calculations.

Responsibilities

• Participate in the annual compensation process, including developing communication and training materials.
• Prepare data for the compensation system/worksheets.
• Train and advise managers and analyze salary, bonus, and long-term compensation recommendations.
• Evaluate positions to determine placement in salary grade based on market data and internal comparisons.
• Conduct exemption testing for compliance with the Fair Labor Standards Act.
• Participate in salary surveys and perform competitive market analysis and benchmarking for salary review and planning.
• Assist managers in developing and writing job descriptions and job profiles using questionnaires, interviews, and discussions.
• Develop job profiles in Workday.

Qualifications

• Bachelor’s Degree.
• Minimum 5 years of compensation experience.
• Equivalent combination of education and experience may be substituted.
• CCP, PHR, or SPHR preferred.

EEO Statement

Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc., and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, sexual orientation and/or any other status protected by law.

Benefits

We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match.