Sr Compensation Analyst (Hybrid)

American Medical Association - Chicago, IL

Full-time - Mid Level

Hybrid - Chicago, IL

Professional, Scientific, and Technical Services

About the position

The American Medical Association (AMA) is seeking a Sr Compensation Analyst to join our Human Resource team in Chicago, IL. This hybrid position requires 2-3 days a week in the office and offers an opportunity to contribute to the mission of the AMA, which is to promote the art and science of medicine and the betterment of public health. As the nation's largest professional association of physicians, the AMA is dedicated to embedding equity in our internal practices and increasing the diversity of our staff across all levels of the organization. We strive to create an environment where employees can be their authentic selves and fully participate in the life of the enterprise. In this role, you will be responsible for administering and communicating compensation programs, policies, and processes. You will independently create job descriptions and conduct market analysis to evaluate roles and compensation programs. Collaboration is key, as you will act as an internal consultant to HR Business Partners and Managers on compensation-related issues. Additionally, you will contribute to the development of compensation programs, policies, and processes that align with market best practices. The position involves a variety of responsibilities, including compensation administration, internal collaboration, and process improvement. You will write and edit job descriptions, market price roles, build salary compensation recommendations, and manage the annual merit and incentive process. Your analytical skills will be crucial in completing data analysis based on the current compensation structure and maintaining tools to support compensation analysis and job descriptions. You will also collaborate with HR Business Partners and Business Unit leaders to assess market conditions and create competitive job offers. The AMA is committed to professional development and social responsibility, and we invite you to learn more about our organization and how you can contribute to our mission.

Responsibilities

• Administer and communicate compensation programs, policies, and processes.
• Independently create job descriptions and complete market analysis to evaluate roles and compensation programs.
• Collaborate and act as an internal consultant to HR Business Partners and Managers on compensation-related issues.
• Contribute to the development of compensation programs, policies, and processes.
• Write new and edit manager's job descriptions, aligned with market best practices.
• Market price roles and align to an internal structure based on external survey data and other related resources.
• Build base salary compensation recommendations.
• Participate in annual compensation surveys.
• Manage and execute annual merit and incentive process.
• Complete data analysis based on current compensation structure and data.
• Maintain Payfactors and other tools to support compensation analysis and job descriptions.
• Collaborate in developing and implementing compensation program communications materials, employee statements, policies, etc.
• Participate in the development or review of sales compensation plans and/or supporting executive and board compensation reporting as assigned.
• Review and follow federal, state, and local compensation laws and regulations and assist with ensuring organizational-wide compliance.
• Collaborate with HR Business Partner and/or Business Unit leaders on compensation-related issues and job descriptions.
• Partner across HR with Business Partners, Talent, and/or with Business Unit leaders to assess market conditions in support of creating competitive job offers.
• Mentor compensation team on best practices.
• Identify, document, and improve/enhance core compensation tools, guidelines, processes, and reduce administrative work.

Requirements

• Bachelor's Degree in Human Resources or Finance related area.
• Five+ years of related work experience in compensation, human resources, or finance.
• Demonstrated experience in working with sensitive information and maintaining confidentiality.
• Excellent communication skills and strong interpersonal skills with the ability to work effectively with employees at all levels of the organization.
• Proven analytical skills, attention to detail with demonstrated accuracy and thoroughness in final work products such as compensation analysis, employee data, budget reconciliation, etc.
• Proven ability to learn new software applications and train others in their use.
• Proven ability to multi-task, manage multiple projects, and meet conflicting deadlines critical for success.
• Experience in Payfactors preferred; experience in working with an HRIS or financial system a plus.
• Strong Excel skills required, including the ability to write formulas and create pivot tables; demonstrated experience in Microsoft Office suite of products required.
• Ability to synthesize data and make sound compensation recommendations based on best practices in the industry.
• Ability to work extended hours in order to meet commitments and deadlines and open to travel if needed.

Nice-to-haves

• Experience in Payfactors preferred.
• Experience in working with an HRIS or financial system a plus.

Benefits

• Professional development opportunities.
• Commitment to diversity and inclusion in the workplace.
• Social responsibility initiatives.