Advanced Compensation Analyst

Dana Incorporated - Maumee, OH

Full-time - Senior

Maumee, OH

Transportation Equipment Manufacturing

About the position

Dana is a global leader in the supply of highly engineered driveline, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. The Advanced Compensation Analyst plays a crucial role in supporting business leaders with their compensation requirements, which includes salary and bonus administration, detailed compensation analyses, and job evaluations. This position is also responsible for project management related to initiatives outside of the annual programs. The Advanced Compensation Analyst acts as an expert on compensation trends in the external market, ensuring that Dana jobs are appropriately aligned for internal equity and external competitiveness. In this role, the analyst will develop, implement, analyze, and administer various compensation programs, including off-cycle salary evaluations, variable pay, and annual salary increases. They will design and drive annual employee compensation planning activities that are integrated with performance management processes, including salary increase review cycles, promotions, and equity/market adjustments. The analyst will also be involved in planning and executing executive compensation programs, which include long-term incentives, deferred compensation, and special payments, along with related administration and reporting. Collaboration is key in this role, as the analyst will work closely with HR Business Partners to transfer practical compensation knowledge and drive the implementation of Dana's global grading guidelines. They will partner with HR colleagues and HRIS to ensure data integrity and provide recommendations on pay decisions, policy interpretations, and job evaluations. The analyst will interpret internal or external compensation issues and recommend solutions, develop and document compensation policies and procedures, and ensure that compensation programs are consistently administered in compliance with internal policies and applicable local laws. This position may also lead functional teams or projects and will involve solving complex problems while taking a broad perspective to identify solutions.

Responsibilities

• Develops, implements, analyzes, and administers compensation such as off-cycle salary evaluations, variable pay or short-term incentives, and annual salary increases.
• Design and drive annual employee compensation planning activities integrated with performance management processes, including salary increase review cycle, promotions, and equity/market adjustments.
• Planning and execution of executive compensation programs including LTI equity, deferred compensation, legacy company payments, special payments, and related administration/reporting.
• Collaborate with and transfer practical compensation knowledge to HR Business Partners to drive, align, and continue implementation of Dana's global grading guidelines.
• Partner with HR colleagues and HRIS to ensure data integrity.
• Provides recommendations on pay decisions, policy interpretations, and job evaluations.
• Interprets internal or external compensation issues and recommends solutions.
• Develop and document compensation policies and procedures ensuring compensation programs are consistently administered in compliance with internal policies and applicable local laws and statutory requirements.
• Solves complex problems; takes a broad perspective to identify solutions.
• May lead functional teams or projects.

Requirements

• Bachelor's degree in Business, Finance, Human Resources, or related field required; advanced degree a plus.
• 10+ years' experience in compensation, financial analysis, or HR administration in the manufacturing/automotive industry preferred; 7-10 years of experience will be considered.
• Experience with SAP SuccessFactors is a plus.
• Strong detail-orientation skills to ensure adherence to controls and accuracy in deliverables.
• Strong written and verbal communication skills, with the ability to communicate effectively to various stakeholders.
• Must be an excellent problem solver and independent thinker who can create innovative solutions, with some guidance, and views challenges broadly.
• Demonstrated critical thinking and decision-making skills.
• Manages ambiguity, adapts to shifting priorities, and balances workload with competing priorities.
• Advanced skills in Microsoft Excel and PowerPoint.