Sr Compensation Specialist

UMass Chan Medical School; Massachusetts; On-site; USD 90,000 - 120,000; Full time

Job summary

UMass Chan Medical School is seeking a Senior Compensation Specialist to lead and support compensation program design, analysis and implementation across the institution. You will evaluate jobs, perform market analyses, ensure pay equity, and translate compensation strategy into actionable results.

Responsibilities include collaborating with Talent Acquisition, reviewing job descriptions and salary bands, and educating managers on market analysis and compliance with wage laws.

Qualifications

• Bachelor's degree in business, Finance, Management or related discipline or equivalent experience.
• 5-7 years experience with compensation programs and/or analysis work.
• Knowledge of federal and state wage and salary laws and regulations.
• Experience with databases for accessing compensation information and associated job descriptions.
• Strong ability to work independently and manage multiple priorities to deadlines.
• Strong Technical Skills (MS Office – Word, Excel, Project, SharePoint, and PowerPoint)
• Strong interpersonal skills, ability to work with and present effectively to leadership, stakeholders and peers.

Responsibilities

• Responsible for the analysis and recommendations of job evaluations, salary administration and other related UMass Chan compensation programs.
• Perform analytical studies in a variety of compensation areas, such as internal and external equity, competitive pay practices, incentive compensation, and emerging trends.
• Review and recommend the approval of a variety of compensation actions such as promotions, above guideline job offers, off cycle pay increases, etc.
• Collaborates with the team to review job descriptions (Education & Experience, Skill Sets), job classifications, internal equity, market data, salary bands, etc. in the analysis and review of positions within the organization.
• Analyze a variety of compensation and employee data to assist managers in meeting the organizations needs.
• Educate and train managers in the process of conducting market analysis for new and existing roles and how MEPA is critical for our compliance.
• Collaborate with the Talent Acquisition team to support offers and ensure pay equity.
• Runs data reports to be used in preparing Compensation metrics.
• Other duties and responsibilities as required.

Skills

Compensation analysis

Market analysis

Data reporting

MS Office

Project management

Stakeholder communication

Education

Bachelor's degree in business, Finance, Management or related field

Tools

Databases

Job description

The Senior Compensation Specialist is responsible for supporting specific groups with compensation administration and implementation for UMass Chan's various compensation programs. This includes areas related to compensation requirements, including position redesign, job descriptions and evaluations, FLSA testing, salary administration and conducting compensation analyses. This position will assist in the implementation of compensation programs and help translate strategy into results. The Senior Compensation Specialist will support our compliance with relevant federal and state wage and salary laws and regulations. Perform financial/compensation modeling and analysis to support sound compensation decision-making.

Essential Functions

• Responsible for the analysis and recommendations of job evaluations, salary administration and other related UMass Chan compensation programs.
• Perform analytical studies in a variety of compensation areas, such as internal and external equity, competitive pay practices, incentive compensation, and emerging trends.
• Review and recommend the approval of a variety of compensation actions such as promotions, above guideline job offers, off cycle pay increases, etc.
• Collaborates with the team to review job descriptions (Education & Experience, Skill Sets), job classifications, internal equity, market data, salary bands, etc. in the analysis and review of positions within the organization.
• Analyze a variety of compensation and employee data to assist managers in meeting the organizations needs.
• Educate and train managers in the process of conducting market analysis for new and existing roles and how MEPA is critical for our compliance.
• Collaborate with the Talent Acquisition team to support offers and ensure pay equity.
• Runs data reports to be used in preparing Compensation metrics.
• Other duties and responsibilities as required.

Required Qualifications

• Bachelors degree in business, Finance, Management or a relevant discipline or equivalent experience
• 5-7 years experience with compensation programs and/or analysis work.
• Knowledge of federal and state wage and salary laws and regulations.
• Experience with databases for accessing compensation information and associated job descriptions.
• Strong ability to work independently and manage multiple priorities to deadlines.
• Strong Technical Skills (MS office – Word, Excel, Project, SharePoint, and PowerPoint)
• Strong interpersonal skills, ability to work with and present effectively to leadership, stakeholders and peers.

The University of Massachusetts Chan Medical School welcomes all qualified applicants and complies with all state and federal anti-discrimination laws.