Compensation Analyst

$50,000 - $95,000/Yr

Surgical Care Affiliates - Chicago, IL

posted about 2 months ago

Full-time - Mid Level
Chicago, IL
10,001+ employees
Ambulatory Health Care Services

About the position

Today, SCA Health has grown to 11,000 teammates who care for 1 million patients each year and support physician specialists holistically in many aspects of patient care. Together, our teammates create value in specialty care by aligning physicians, health plans, and health systems around a common goal: delivering on the quadruple aim of high-quality outcomes and a better experience for patients and providers, all at a lower total cost of care. As part of Optum, we participate in an integrated care delivery system that enables us to support our partners as they navigate a complex healthcare environment. Only SCA Health has a dynamic group of physician-driven, specialty care businesses that allows us to customize solutions, no matter the need or challenge. We connect patients to physicians in new and differentiated ways as part of Optum and with our new Specialty Management Solutions business. We have pioneered a physician-led, multi-site model of practice solutions that restores physician agency by aligning incentives to support growth and transition to value-based care. We lead the industry in value-based payment solutions through our Global 1 bundled payment convener, that provides easy predictable billing to patients. We help physicians address everything beyond surgical procedures, including anesthesia and ancillary service lines. The new SCA Health represents who we are today and where we are going—and the growing career opportunities for YOU.

Responsibilities

  • Provide broad-based, variable, and executive compensation support activities including job evaluation, market pricing, and benchmarking.
  • Conduct compensation analysis, perform financial modeling, and create recommendations based on organizational needs and strategy.
  • Partner with various business stakeholders to support compensation activities on a departmental or company-wide basis.
  • Participate in approved salary surveys and provide recommendations on benchmark jobs.
  • Provide analytical support in the development of merit budgets and salary structure modifications.
  • Prepare complex economic and cost impact models of compensation initiatives.
  • Counsel management on complex pay changes and merit planning cycles.
  • Manage complex ad-hoc Compensation projects, analyses, and requests.
  • Support Annual Compensation Planning activities including merit pay and bonus administration.
  • Participate in the development of incentive compensation plan designs and assure model validation.
  • Counsel business leaders and HR partners on SCA's compensation philosophy and market pricing.
  • Develop and analyze compensation programs to ensure competitiveness within the market.
  • Assist with the enhancement of compensation aspects in HR information systems.
  • Ensure adherence to compensation-related policies and regulations.

Requirements

  • Bachelor's degree required.
  • Minimum of 2 years of compensation experience required.
  • Experience with confidentiality requirements in HR, Compensation, or Finance.
  • Excellent written and verbal communication skills.
  • Motivated self-starter with excellent time management skills.
  • Experience with compensation techniques, job evaluation, and salary survey practices.
  • Experience with incentive compensation plan designs and measurement.
  • Knowledge of basic accounting and financial principles.
  • Experience working with EEOC, OFCCP, and compliance requirements.
  • Intermediate skill in Microsoft Word, advanced skill in Microsoft Excel, and intermediate skill in Microsoft PowerPoint.

Nice-to-haves

  • Experience with HRIS analytics as they pertain to compensation functions.
  • Knowledge of Fair Labor Standards Act and its applicability to job evaluation.
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