Compensation Analyst

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Job description

Overview:
Joining AssuredPartners offers you the opportunity to excel at one of the fastest growing independent companies in the industry. You will experience collaboration with a team that places value in our collective vision and culture of community, respect, and trust. While being encouraged to promote innovative ideas, you will be provided the support to make those ideas a reality. As our company continues to grow at a rapid pace, so do the opportunities for our current and future employees to learn and mentor with top leadership for continued professional and personal development. Additionally, you can count on excellent benefits, a comprehensive PTO plan & floating holidays, uncapped career growth, and the best people in the industry. You can learn more about our career paths and support for DEI initiatives here:

Job Summary
We are seeking a Compensation Analyst who excels in dynamic environments and has a passion for compensation. This role involves supporting the development and optimization of compensation strategies and frameworks. You will work closely with the Compensation team to assist in creating job architecture, designing salary structures, and implementing incentive plans. Your responsibilities will also include utilizing project management skills to organize, plan, and execute projects from vision through implementation, analyzing project needs, determining necessary resources, and ensuring objectives are met.

The Ideal Candidate
• Possesses a passion for learning and growing in the field of compensation.
• Thrives in a rapidly changing environment, is curious, and has a passion for analyzing data.
• Is energetic, collaborative, has strong communication skills, and is results driven.

If this sounds like you, we invite you to keep reading and apply!

What You'll Do:
Essential Duties and Responsibilities

Compensation Strategy and Design:
• Support the development and execution of comprehensive compensation strategies aligned with the company's business goals.
• Assist in developing and optimizing job architecture, salary structures, and incentive plans to attract, retain, and engage skilled employees.

Compensation Analysis and Benchmarking:
• Conduct market research, participate in salary surveys, and analyze compensation data using tools like Payscale/PayFactors.
• Benchmark compensation packages against industry standards and local job markets, recommending adjustments for competitive positioning. Ensure consistent application of compensation policies across the organization.

Incentive Program Management:
• Assist in designing and managing performance-based incentives and bonus plans.
• Oversee the distribution, creation of educational materials, and tracking of these programs.

Compensation Administration:
• Assist with compensation technical setup, identify opportunities for process efficiency, and support mass employee data submissions.
• Maintain up-to-date knowledge of new HRIS/HCM features and leverage them for compensation management.

Compliance and Reporting:
• Ensure adherence to compensation-related regulations and prepare necessary compliance reports.
• Conduct audits to maintain regulatory compliance.

Employee Communication and Support:
• Communicate compensation policies and program changes effectively to employees and managers.
• Provide guidance and support for compensation-related queries and develop training materials.
• Collaborate with finance, accounting, legal, and other cross-functional departments.

Data Management and Analytics:
• Assist with compensation databases and conduct statistical analyses.
• Prepare detailed reports and presentations for senior management, utilizing data analytics to identify trends and areas for improvement.

Budgeting and Financial Analysis:
• Support budgeting processes for compensation and benefits.
• Conduct financial modeling and maintain bonus accrual files.

Special Projects and Initiatives:
• Coordinate or participate in special projects and initiatives, including the implementation of new compensation tools and systems.
• Assist with proposals for compensation program enhancements and other strategic initiatives.

What's in it For You?:
To help you make the best decision for your personal growth, it's important to us to share a glimpse of what we offer our top asset, our people:

• Competitive base salary
• Generous 30+ Days Comprehensive Paid Time Off Package inclusive of Paid Time Off, 10 Company Holidays, 2 Floating Holidays, 5 Sick Days, and 2 Volunteer Days
• Health benefit options with you in mind; 5 affordable medical plan options with rates based on your salary, company paid HSA contribution with eligible HSA plan selection, 2 dental plan options offering orthodontia coverage and 3 cleanings per year, and 2 vision plan options
• Company match 401(k) plan - 50% up to 6%!
• Support of your fitness wellness goals! We offer up to 75% off at over 11,000 gyms and fitness centers
• Opportunity to prioritize your mental health with 24/7 access to licensed therapists
• Pet benefits & discounts
• Access to our Employee-led Resource Groups (ERGs) that lend a voice to the variety of demographics represented throughout AssuredPartners

What You'll Need:
Requirements:
• Bachelor's degree in human resources, Business Administration, Finance, or a related field. MBA or relevant professional certifications (e.g., Certified Compensation Professional) preferred, or equivalent experience.
• Minimum of 2 years' experience in Compensation, HR, Total Rewards, Finance, or a combination thereof.
• Basic data analysis skills with a willingness to learn and grow in using tools like Excel or other data analysis software.

Skills and Proficiency:
• Proficiency in data analysis and understanding of reporting using HRIS systems, with strong preference for experience with Workday.
• Highly organized, detail-oriented, and able to manage multiple projects simultaneously.
• Demonstrated ability to maintain confidentiality and handle sensitive compensation information.

Physical Requirements:
• Prolonged periods sitting at a desk and working on a computer.

Grow, with us:
AssuredPartners is passionate about fueling our clients' innovation and growth. That makes us the perfect place for creative, dynamic people who want to grow their career while helping businesses, families and people thrive.

We're proud to be the fastest-growing independent insurance broker in America, but we're even prouder of the honest, caring relationships that our employees build with our clients every day. Working with us will give you the opportunity to do work that matters while you learn with us, advance with us, and most importantly, grow with us.

AssuredPartners is committed to embracing diversity, equity and inclusion to create a workplace that welcomes and thrives on the unique experiences, perspectives and contributions of all team members. AssuredPartners is bringing the best people and most diverse talent forward to drive growth, innovate and think bigger!

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