Compensation Analyst

$50,000 - $95,000/Yr

UnitedHealth Group - Chicago, IL

Full-time - Mid Level

Chicago, IL

10,001+ employees

Insurance Carriers and Related Activities

About the position

The Compensation Analyst at Surgery Care Affiliates is responsible for providing comprehensive support in various compensation activities, including job evaluation, market pricing, salary surveys, and incentive plan design. This role involves conducting compensation analysis, financial modeling, and collaborating with business stakeholders to align compensation strategies with organizational goals. The ideal candidate will possess strong analytical skills, advanced proficiency in MS Excel, and the ability to handle sensitive information with integrity.

Responsibilities

• Provide broad-based, variable, and executive compensation support activities.
• Conduct compensation analysis and perform financial modeling.
• Partner with business stakeholders to support compensation activities.
• Participate in approved salary surveys and provide recommendations on benchmark jobs.
• Provide analytical support in developing merit budgets and salary structure modifications.
• Prepare complex economic and cost impact models for compensation initiatives.
• Counsel management on complex pay changes and merit planning cycles.
• Manage complex ad-hoc compensation projects and analyses.
• Support Annual Compensation Planning activities including merit pay and bonus administration.
• Develop and analyze compensation programs to ensure competitiveness in the market.
• Assist with enhancing 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.
• 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 with EEOC, OFCCP, and compliance requirements.
• Intermediate skill in Microsoft Word and PowerPoint.
• Advanced skill in Microsoft Excel.

Nice-to-haves

• Experience with HRIS analytics related to compensation functions.
• Knowledge of Fair Labor Standards Act principles.

Benefits

• Competitive salary range from $50,000 to $95,000 per year.
• Opportunities for professional development and training.
• Participation in local and national professional organizations.