Compensation Analyst II

UFG Insurance; United States; Hybrid; USD 71,000 - 94,000; Full time

Job summary

UFG Insurance seeks a Compensation Analyst II to support the development and administration of pay programs, ensuring competitiveness, equity, and alignment with business strategy. The analyst partners with HR, Finance, leadership, and external consultants to maintain internal consistency and market competitiveness.

Responsibilities include job evaluations, salary structure maintenance, and analyses to support hiring, promotions, and retention.

Qualifications

• Bachelor’s degree in HR, Accounting or Finance or related field.
• CCP certification preferred or in progress.
• Knowledge of compensation laws (FLSA, EEOC) and market practices.

Responsibilities

• Perform job evaluations and market pricing to ensure external competitiveness and internal equity.
• Administer and maintain salary structures, pay ranges, and guidelines based on market data.
• Conduct compensation analyses to support hires, promotions and reorganizations.
• Support merit, incentive and variable pay program design and execution.
• Participate in annual compensation planning and market reviews.

Skills

Excel

Analytical skills

Communication

Confidentiality

Teamwork

Education

Bachelor’s degree

CCP (preferred)

Tools

MS Office

HR software suite

Job description

UFG is currently seeking a Compensation Analyst II who will support the development and administration of the organization’s pay programs to ensure they are competitive, equitable, and aligned with business strategy. This role is responsible for researching, analyzing, and managing salary structures, incentive plans, and equity programs. The analyst partners closely with HR, finance, leadership, and external consultants to maintain internal consistency and market competitiveness.

Essential Duties & Responsibilities

• Conduct job evaluations and market pricing to ensure positions are competitively aligned and internally equitable.
• Administer and maintain salary structures, pay ranges, and compensation guidelines based on market data and organizational strategy.
• Perform compensation analyses to support hiring, promotions, transfers, reorganizations, and retention recommendations.
• Support the design, administration, and annual execution of merit, incentive, and variable pay programs.
• Participate in annual compensation planning, salary budgeting, and market review activities.
• Administer executive compensation programs, including preparation of analyses, reporting, and governance documentation.
• Administer equity compensation, including grants, vesting schedules, transactions, reporting, and employee communications.
• Ensure compliance with federal, state, and local compensation regulations, including pay transparency and equal pay requirements.
• Partner with HR Business Partners, Talent Acquisition, Finance, Payroll, and business leaders to provide compensation guidance and consultation.
• Participate in compensation surveys and benchmark studies to evaluate market competitiveness and emerging compensation trends.
• Recommend process improvements that enhance efficiency, accuracy, and governance of compensation programs.
• Act as project lead and POC with various compensation vendor partners.
• Support continuous improvement efforts in compensation operations and systems and assist in developing and delivering training and resources for HR partners.
• Monitor FLSA and EEOC compliance and advise on appropriate action.
• Assist with other compensation related initiative & projects

Education

Job Specifications:

• Bachelor’s Degree in appropriate discipline, preferably in Human Resources, Accounting or Finance
• Certified Compensation Professional (CCP) or working towards certification preferred

Experience

• 3+ years of experience in a compensation analysis role within the insurance industry.
• Experience working in the compensation function at a large property & casualty insurance carrier. (1,000+ employees)
• Experience with a variety of compensation and HR software products preferred.

Knowledge, Skills & Abilities

• Knowledgeable in a variety of compensation best practices and theories
• Knowledge of compliance and other regulations (FLSA, EEOC)
• Demonstrated ability to manage workflow and organize records
• Excellent written and verbal communication skills; presentation skills
• Demonstrated professional demeanor with the ability to maintain confidentiality
• Strong with Microsoft Office suite of products including but not limited to Excel.
• Ability to build and maintain positive relationships with management, peers, as well as external vendors
• Ability to be proactive and work independently as well as within a team
• Strong analytical and problem-solving skills

Working Conditions

• General office environment
• This position may be full-time in a UFG facility, hybrid (flexible between office and home) or fully remote (working from home).

Pay Transparency Statement

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $71,000 - 94,000 annually, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data.

In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:

• Annual incentive compensation
• Medical, dental, vision & life insurance
• Accident, critical Illness & short-term disability insurance
• Retirement plans with employer contributions
• Generous time-off program
• Programs designed to support the employee well-being and financial security.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.