Principal Compensation Analyst - REMOTE

Prime Therapeutics; Minneapolis (MN); Remote; USD 94,000 - 160,000; Full time

Job summary

A leading company in healthcare is seeking a Principal Compensation Analyst to enhance their compensation strategy. This remote role involves designing compensation plans, conducting market analyses, and collaborating with HR to ensure pay equity and transparency. Strong analytical and communication skills are essential, along with experience in executive compensation. Join a dynamic team focused on making a difference in healthcare.

Qualifications

• 7 years of work experience in Compensation with 2 years of Executive Compensation experience.
• Must be eligible to work in the United States without the need for work visa.

Responsibilities

• Provide thought leadership in designing and implementing competitive compensation programs.
• Conduct market analysis for annual compensation budgets and incentive plans.
• Support executive compensation programs and prepare information for board meetings.

Skills

Analytical Skills

Communication

Project Management

Negotiation

Conflict Resolution

Education

Bachelor's degree in Human Resources

MBA

Tools

Workday

Microsoft Excel

PowerPoint

Job description

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Our work matters. We help people get the medicine they need to feel better and live well. We do not lose sight of that. It fuels our passion and drives every decision we make.

Job Posting Title

Principal Compensation Analyst - REMOTE

Job Description

The Principal Compensation Analyst is responsible for providing thought leadership and compensation expertise to advance Prime's compensation strategy. This role will play an integral role in the analysis, development, implementation, communication, and administration of compensation plans including base pay and incentive programs, as well as policies and procedures for the enterprise as well as assigned groups. This role is responsible for driving and executing the compensation strategy, leading enterprise compensation projects, and providing day to day guidance to the compensation team. This position will participate in incentive plan design and support the administration of executive compensation programs.

Responsibilities

• Provide thought leadership and consultative approach in recommending, designing, developing, and implementing competitive compensation programs and to resolve compensation-related matters
• Partner with the Diversity, Equity & Inclusion (DE&I) Director, Employee Resource Groups (ERGs), key business partners, senior management, Human Resources (HR) and other team members on approaches to integrate pay equity and pay transparency across the company and recommendations to resolve potential roadblocks
• Support executive compensation programs, including preparing information for board meetings and maintaining plan documentation
• Identify, recommend, and implement enhancements to best leverage Workday system for accurate and efficient compensation administration; manage compensation related configuration within the Workday system
• Conduct job evaluations for assigned groups, including senior leadership and executive level positions, to determine the appropriate job level
• Ensure compliance with applicable federal, state, and local compensation regulations and requirements and ensure alignment with payroll and timekeeping procedures
• Conduct market analysis and provide recommendations for annual compensation budgets and annual increases, pay structures and tiers, incentive plans, and discretionary and non-discretionary bonus plans; manage and maintain financial accruals for compensation programs
• Partner with HR business partners on job evaluations and job descriptions, incentive plans and any other compensation analysis and related matters
• Other duties as assigned
  
  

Education & Experience

• Bachelor's degree in Human Resources, Industrial Relations, Business or other related area of study, or equivalent combination of education and/or work experience; HS diploma or GED is required
• 7 years of work experience in Compensation with 2 years of Executive Compensation experience
• Must be eligible to work in the United States without the need for work visa or residency sponsorship
  
  

Additional Qualifications

• Excellent oral and written communication skills including the ability to develop effective presentations using insights and data to effectively communicate key messages
• Highly analytical and research oriented
• Ability to effectively work through ambiguity
• Ability to analyze data with a high level of accuracy and consistency
• Ability to handle stressful situations with confidence and diplomacy
• Advanced project management skills with the ability to work under strict timelines
• Advanced Microsoft Excel and PowerPoint skills and proficiency with HR systems
• Demonstrated confidence in presenting information to HR and management
• Effective negotiation and conflict resolution skills
• Proven ability to build/maintain strong relationships
  
  

Preferred Qualifications

• Certified Compensation Professional (CCP) designation
• MBA, Master's degree in Human Resources or related area of study
• Experience using Workday system
  
  

Physical Demands

• Must be able to remain in a stationary position 50% of the time. Must be able to “move or traverse”
• Must be able to constantly operate a computer and/or other office productivity equipment
• Must be able to hear and constantly communicate information and ideas. Must be able to exchange accurate information
  
  

Every employee must understand, comply with and attest to the security responsibilities and security controls unique to their job, and comply with all applicable legal, regulatory, and contractual requirements and internal policies and procedures.

Potential pay for this position ranges from $94,000.00 - $160,000.00 based on experience and skills.

To review our Benefits, Incentives and Additional Compensation, visit our Benefits Page and click on the "Benefits at a glance" button for more detail.

Prime Therapeutics LLCis proud to be an equal opportunity and affirmative action employer. We encourage diverse candidates to apply, and all qualified applicants will receive consideration for employment without regard torace, color, religion, gender, sex (pregnancy, sexual orientation, and gender identity), national origin, disability, age, veteran status, or any other legally protected class under federal, state, or local law.

We welcome people of different backgrounds, experiences, abilities, and perspectives including qualified applicants with arrest and conviction records and any qualified applicants requiring reasonable accommodations in accordance with the law.

Prime Therapeutics LLC is a Tobacco-Free Workplace employer.

Positions will be posted for a minimum of five consecutive workdays.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Human Resources

• Industries

  Hospitals and Health Care, Insurance, and Pharmaceutical Manufacturing

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