Senior Compensation Analyst (Hybrid)

Selective Insurance; Millburn (NJ); On-site; USD 101,000 - 131,000; Full time

Benefits offered by this job

Competitive salary

Paid time off

Company match

Employee stock purchase

Job summary

Selective Insurance is seeking a compensation analyst to analyze internal positions, update salary structures, and lead annual compensation processes. The role requires meticulous attention to detail, strong math and project management skills, and advanced MS Office and HRIS expertise.

NJ-based with potential HQ relocation plans. The position offers a comprehensive total rewards package, including benefits, 20 days PTO, and a company match retirement plan.

Qualifications

• Attention to detail with accuracy.
• Strong math, project management, and presentation skills.
• Ability to collaborate with all organizational levels.
• Advanced skills in MS Office and HRIS systems.

Responsibilities

• Analyze internal positions and compare to external surveys to maintain equity.
• Update salary structures with data analysis and guidelines.
• Lead annual compensation process and maintain compensation data and reports.
• Ensure data integrity in HRIS and monthly/reporting cycles.
• Maintain job descriptions and update as needed for compliance.
• Prepare quarterly turnover, incentive accruals, promotions, and awards reports.

Skills

Attention to detail

Math skills

Project management

Presentation skills

Collaborate with all levels

Education

College degree preferred

5+ years compensation experience

Tools

Excel

PowerPoint

Word

Outlook

HRIS

HRIS reporting

Job description

About Us

At Selective, we don't just insure uniquely, we employ uniqueness.

Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2025 and certification as a Great Place to Work in 2025 for the sixth consecutive year.

Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs.

Overview

Analyzes and assists in the development, installation, and administration of compensation programs. Evaluates hourly, salaried, and management positions. Audits existing classifications to ensure compliance with published standards. Participates in annual salary planning. Provides compensation consulting services to a broad range of internal customers. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Note: (For NJ candidates) This role will be located at our future headquarters in Short Hills, N.J. Until the new headquarters is operational, the successful candidate will be offered the ability to work in our Branchville, N.J. location during this interim period.

Responsibilities

• Analyzes/evaluates internal positions and compares to comparable roles within Selective as well as external compensation surveys to maintain appropriate grade levels. Works closely with clients to maintain internal equity.
• Assists in updating salary structures by compiling and analyzing data and recommending appropriate course of action. Develops/analyzes annual salary structures and guidelines.
• Takes a lead role in the annual compensation process. Develops and maintains compensation spreadsheets, systems, reports, and executive compensation data. Ensures the accuracy of all reports prior to distribution. Works closely with HRIS to ensure data integrity.
• Participates in compensation surveys and analyzes market data, trends, and/or projections. Meets all published deadlines. Maintains CompAnalyst application.
• Maintains all job descriptions and works with HR Managers to ensure they are up-to-date and accurate. Revises roles as necessary to meet reporting and compliance requirements.
• Develops, distributes, and maintains all quarterly reports including but not limited to turnover, incentive accruals, promotions/interim increases, and gold awards. Ensures reports are distributed in a timely manner.
• Maintains all plan documents updating as appropriate. Ensures legal review.
• Keeps abreast of current compensation trends particularly in the Property & Casualty industry. Monitors all programs in regards to adherence to internal policies and external legislation, e.g., FLSA, Pay Equity, etc.
• Proactively identifies compensation challenges/opportunities and recommends creative, acceptable solutions and strategies to resolve challenges and/or capitalize on opportunities.
• Develops and delivers compensation training.

Qualifications

Knowledge and Requirements

• Meticulous attention to detail.
• Strong math skills, project management skills, and presentation skills.
• Ability to work with all levels in the organization.
• Expert proficiency in most standard business software applications, particularly Microsoft Office (Excel, PowerPoint, Word and Outlook), Internet, HRIS and HRIS report writing required.

Education and Experience

• College degree preferred.
• 5+ years of compensation experience

Total Rewards

Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and 20 days of paid time off. Additional details about our total rewards package can be found by visiting our benefits page.

The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selective's footprint. Additional considerations include relevant education, qualifications, experience, skills, performance, and business needs.

Pay Range

USD $101,000.00 - USD $131,000.00 /Yr.

Additional Information

Selective is an Equal Employment Opportunity employer. That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.

For Massachusetts Applicants

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.