Sr Compensation Analyst

HealthEquity; Draper (UT); Remote; USD 92,000 - 117,000; Full time

Job summary

A leading company is seeking a Senior Compensation Analyst to support the design and administration of compensation programs. This role involves conducting market analysis, collaborating with teams, and ensuring fair compensation practices. The ideal candidate will have strong analytical skills and a background in HR or finance. Join a mission-driven organization committed to empowering healthcare consumers and enjoy a comprehensive benefits package.

Benefits

Medical, dental, and vision insurance

HSA contribution and match

Dependent care FSA match

Uncapped paid time off

Paid parental leave

401(k) match

Tuition assistance

Gym and fitness reimbursement

Wellness program incentives

Qualifications

• 5+ years of experience in compensation analysis and salary administration.
• Strong knowledge of federal and state compensation regulations.

Responsibilities

• Design and implement compensation structures including salary bands.
• Conduct market analysis to support pay structure design.
• Ensure compliance with employment laws related to compensation.

Skills

Analytical skills

Communication

Attention to detail

Organizational skills

Education

Bachelor's degree in human resources

Bachelor's degree in accounting/finance

Bachelor's degree in business-related field

Tools

HRIS

MS Office Suite

Compensation administration tools

Job description

Sr Compensation Analyst

Job Locations: US-Remote

Our Mission

Our mission is to SAVE AND IMPROVE LIVES BY EMPOWERING HEALTHCARE CONSUMERS. Come be part of remarkable.

Overview

How you can make a difference

The Senior Compensation Analyst is responsible for supporting the design and administration of HealthEquity's compensation programs. This role includes conducting market analysis and using market data to make recommendations that will support pay structure design. This role requires strong analytical skills, attention to detail, and the ability to collaborate with the People team, finance, and leadership teams to ensure team members are compensated fairly and competitively.

What you'll be doing

1. Assist in designing and implementing compensation structures, including salary bands, job grading, and incentive plans.
2. Maintain accurate job descriptions. Review requests for new or revised job descriptions to determine appropriate market benchmark.
3. Participate in compensation surveys to collect and analyze competitive salary information to determine the company's competitive position.
4. Support the end-to-end annual focal compensation planning process.
5. Assist in team member education regarding compensation philosophy, pay structures, and total rewards programs.
6. Ensure compliance with federal, state, and local employment laws related to compensation, including FLSA, pay transparency laws, and equal pay regulations.
7. Review proposed salary adjustments for conformance to established guidelines, policies, and practices.
8. Participate in the configuration, testing, and implementation of the compensation administration system.
9. Maintain accurate compensation data within HRIS and payroll systems.
10. Support Salary Compensation Calculation and Processing.

What you will need to be successful

• Bachelor's degree in human resources, accounting/finance, or a business-related field.
• 5+ years of work experience including compensation analysis, salary administration, and job evaluation/market analysis.
• Strong knowledge of HRIS systems, payroll, and compensation administration tools.
• Analytical skills to work with large amounts of data; ability to see through the data and analyze it to find conclusions.
• Outstanding interpersonal, verbal, and written communication skills.
• Comprehensive understanding of the design, implementation and administration of compensation practices and programs and HR technology applications.
• Ability to maintain a high level of confidentiality.
• Strong attention to detail and accuracy, organizational, prioritization, and multi-tasking skills.
• Ability to organize, structure, and prepare data effectively.
• Advanced computer skills, including MS Office Suite and HRIS.
• Knowledge of all federal, state, and local regulations and compliance requirements related to employee compensation.
• Familiarity with compensation frameworks, salary benchmarking tools (e.g., Mercer, Radford, WTW), and job evaluation methods.
• Certified Compensation Professional (CCP) or SHRM-CP/PHR certification is a plus.

Salary Range

$92,000 to $117,000 / year

Benefits & Perks

The actual compensation offer is determined based on job-related knowledge, education, skills, experience, and work location. This position is eligible for performance-based incentives and a full range of benefits including:

• Medical, dental, and vision insurance
• HSA contribution and match
• Dependent care FSA match
• Uncapped paid time off
• Paid parental leave
• 401(k) match
• Personal and healthcare financial literacy programs
• Ongoing education and tuition assistance
• Gym and fitness reimbursement
• Wellness program incentives

Why work with HealthEquity

HealthEquity aims to make HSAs as popular as retirement accounts by 2030, connecting health and wealth for American families. We value our employees and foster an inclusive environment. We are committed to equal opportunity employment and maintaining a drug-free workplace. We use Microsoft Copilot for interview transcription, with privacy considerations explained. For more, visit our Careers page and Privacy Policy.