Compensation Analyst

Job Description

Key Responsibilities

• Support design and administration of compensation and recognition programs
• Administer variable incentive plans, ensure accurate calculations and payouts, communication to employees; assist in the design of such plans as needed
• Participate in annual benchmark and salary planning surveys; provide market analysis as needed
• Maintain, update and regularly audit job profiles / descriptions, merit plans, bonus plans in Workday and ensure compensation plans are accurate
• Prepare reports and analysis on a regular and ad-hoc basis
• Provide analysis for special compensation or recognition related studies and ad-hoc projects as needed and contribute to research, recommendations, trend analysis
• Provide support for the annual merit and bonus process in Workday ensuring adherence to policy and accurate implementation of compensation changes
• Provide support for the job evaluation process to establish accurate grading and salary levels for all positions in the organization, ensuring internal relativity and compliance with related legislation
• Draft communications, employee letters or presentations as needed
• Ensure compensation and recognition communication materials and verbiage on technology platforms are up to date
• Respond to employee queries related to compensation or recognition programs

Key Qualifications

• Post-Secondary degree in Human Resources, Business or related field or combination of relevant education, experience, and training
• Two LOMA courses (1) Principles of Insurance : Life, Health and Annuities (FMLI 280) and (2) Insurance Company Operations (FMLI 290) to be taken within the first two (2) years of employment or equivalent
• An experienced Human Resources or Compensation professional, with 2+ years progressive experience in the area of human resources or compensation
• Experience with HRMS, preferably Workday
• Understanding of the concepts, principles and practices of compensation plans, including base pay, commissions, incentive plans and job evaluation
• Knowledge of employment standards and other relevant provincial and state employment legislation
• Excellent computer skills, including MS Office with Word and in particular Excel;
• Strong analytical, quantitative and problem-solving skills; able to translate complex technical data into accurate and meaningful analysis and reports
• Ability to deal with confidential issues in a sensitive, efficient and professional manner
• Excellent organizational skills, strong attention to detail and the ability to multi-task and prioritize to meet multiple deadlines
• Ability to maintain a professional, curious and positive attitude
• Good presentation skills, comfortable presenting information to employees or within Human Resources
• Exceptional customer service skills and the ability to develop and establish effective working relationships with key stakeholders
• Excellent interpersonal and business writing skills to effectively communicate technical information that is easily understood to stakeholders and team members
• Certification or working towards certification in Human Resources Management or Compensation considered an asset

LI-Hybrid