Senior Compensation Strategy Analyst

Marvin; Grand Rapids (MI); On-site; USD 90,000 - 130,000; Full time

Job summary

Marvin is seeking a Senior Compensation Strategy Analyst in Grand Rapids, MI to design, model, and optimize incentive programs for manufacturing and corporate teams. You will analyze HR, sales, and operations data to measure effectiveness, develop payout calculators, dashboards, and executive-ready presentations.

The role partners with HR, Finance, and leaders to ensure plans align with KPIs and strategy, while leading annual incentive planning and budgeting.

Qualifications

• Expertise in incentive plan design.
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Responsibilities

• Design and enhance incentive and variable pay programs for manufacturing and corporate roles.
• Construct financial models and payout scenarios to assess plan costs, risks, and impacts.
• Analyze HR, sales, and operations data to determine ROI of incentive plans.
• Develop dashboards and reports that clearly communicate performance and payout trends.
• Create executive-ready presentations with actionable recommendations and insights.
• Partner with HR, Finance, and business leaders to align incentives with strategy and KPIs.
• Lead the annual processes of incentive planning, forecasting, and budgeting.
• Ensure compliance with company policies and applicable regulations.
• Consistently improve plan designs based on performance metrics and stakeholder feedback.

Skills

Incentive design

Variable comp modeling

Excel & financial modeling

HR analytics & reporting

Data visualization

Scenario analysis

Statistical analysis

Executive presentations

Stakeholder management

Tools

Power BI

Tableau

Job description

Marvin is on the lookout for a Senior Compensation Strategy Analyst to spearhead the design, modeling, and optimization of incentive and variable pay programs that cater to our manufacturing and corporate teams. In this pivotal role, you'll conduct comprehensive analyses of sales, operations, and HR data to evaluate the effectiveness of compensation plans, ensuring they align with our business objectives, and providing data-driven recommendations for enhancement. Your expertise will contribute to developing financial models, payout calculators, and dashboards; preparing impactful executive-level presentations; and collaborating closely with HR, Finance, and line leaders. Join us in a people-first, safety-centric, and collaborative environment that promotes long-term career growth, hands-on learning opportunities, and the chance to shape effective total rewards strategies.

Key Responsibilities

• Design and enhance incentive and variable pay programs for both manufacturing and corporate roles.
• Construct financial models and payout scenarios to assess plan costs, risks, and impacts.
• Analyze HR, sales, and operational data to determine the effectiveness and ROI of incentive plans.
• Develop dashboards and reports that clearly communicate performance and payout trends.
• Create executive-ready presentations, offering actionable recommendations and insightful analytics.
• Partner with HR, Finance, and business leaders to ensure incentives are in line with strategy and KPIs.
• Ensure compliance of incentive plans with company policies and applicable regulations.
• Lead the annual processes of incentive planning, forecasting, and budgeting.
• Consistently improve plan designs based on performance metrics and feedback from stakeholders.
• Support broader total rewards and talent initiatives as a subject-matter expert.

Essential Skills

• Expertise in incentive plan design.
• Proficiency in variable compensation modeling.
• Advanced skills in Excel and financial modeling.
• Experience in HR analytics and reporting.
• Knowledge of sales and operations performance analysis.
• Skilled in data visualization tools (Power BI/Tableau).
• Ability to conduct scenario and sensitivity analyses.
• Strong background in statistical analysis.
• Experience in developing executive presentations.
• Proficient in stakeholder management and influencing.