Sr Compensation Analyst

GEICO; New York (NY); On-site; USD 91,000 - 142,000; Full time

Job summary

An established industry player is seeking a Sr Compensation Analyst to enhance their compensation strategies. In this pivotal role, you will manage salary compensation, conduct job evaluations, and analyze market trends to ensure competitive pay structures. Collaborating closely with corporate functions, you'll develop innovative solutions while ensuring compliance with regulations. This position offers a dynamic environment where your analytical skills will be valued, and your contributions will directly impact the organization’s success. If you thrive in a fast-paced setting and are passionate about compensation strategies, this opportunity is perfect for you.

Benefits

Premier Medical, Dental and Vision Insurance

Paid Vacation

401(k) Plan

Tuition Assistance

Paid Training and Licensures

Qualifications

• 7+ years related experience in compensation analysis.
• Proficient in Excel and familiar with Workday HCM.

Responsibilities

• Develops and presents summary reports of job analysis.
• Prepares survey submissions and gathers market compensation data.
• Advises HR Business Partners on salary administration.

Skills

Compensation Analysis

Data Analysis

Excel

Workday HCM

Education

Bachelor’s degree in Business Administration

Bachelor’s degree in Human Resources

Bachelor’s degree in Mathematics

Bachelor’s degree in Finance

Tools

Excel

Workday HCM

Job description

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This range is provided by GEICO. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$91,225.00/yr - $141,450.00/yr

As a Compensation Analyst III for GEICO you will manage the administration of base salary compensation, job evaluations, market pricing, and salary structure. In this role you will also support the administration of year-end compensation. This role will support the Compensation Business Partner for Corporate functions serving as a partner between the compensation team and corporate business units. This position allows you to take a leading role and have the opportunity to develop, analyze and recommend improved compensations strategies that provide solutions to issues in creative and effective ways. You will also help to ensure internal equity, external competitiveness, and compliance with all applicable laws, regulations and organizational policies.

Responsibilities

• Develops and presents summary reports of job analysis and compensation analysis information.
• Prepares survey submissions and gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends.
• Support the Compensation Business Partner for corporate functions to serve the business for job evaluations, external candidate offers, salary structure reviews and other business needs as they arise.
• Acts as project planner for scheduled and ad hoc initiatives such as salary schedule reviews, to include facilitating change controls, change management strategy and timeline.
• Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
• Advises HR Business Partners and management on salary administration, job code use, wage-hour issues, state and federal pay regulations, as well as compensation policies and procedures.
• May strategize and implement wholistic department job and compensation reviews
• May propose job architecture structures and job profile taxonomy to support department structure and needs
• May prepare and maintain job descriptions for each position in the organization; ensures descriptions accurately reflect the work being performed. Gathers and documents job, organizational, and occupational information including duties, responsibilities, and skills required by each job. Assesses jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range.
• Ideal candidate is comfortable speaking with senior business leaders on a variety of compensation matters and has ability to prioritize multiple competing priorities.
  
  

Minimum Qualifications

• 7+ years related experience in compensation analysis
• Bachelor’s degree in Business Administration, Human Resources, Mathematics, Finance, or related field.
• Proficient in Excel
• Experience with Workday HCM and Advanced Compensation preferred.
• Requirements:
• Adheres to the GEICO Code of Conduct, and company policies and operating principles.
• Meets attendance standard of the business location, to perform necessary job functions and to facilitate interaction with management and co-workers.
  
  

Annual Salary

$91,225.00 - $141,450.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

Benefits

As an Associate, you’ll enjoy our Total Rewards Program* to help secure your financial future and preserve your health and well-being, including:

• Premier Medical, Dental and Vision Insurance with no waiting period**
• Paid Vacation, Sick and Parental Leave
• 401(k) Plan
• Tuition Assistance
• Paid Training and Licensures
• Benefits may be different by location. Benefit eligibility requirements vary and may include length of service.
• Coverage begins on the date of hire. Must enroll in New Hire Benefits within 30 days of the date of hire for coverage to take effect.
  
  

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Human Resources

• Industries

  Insurance

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