American Medical Association - Chicago, IL

posted 4 months ago

Full-time - Mid Level
Remote - Chicago, IL
501-1,000 employees
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 a hybrid role based in Chicago, IL. This position requires 2-3 days a week in the office and is integral to the administration and communication of our compensation programs, policies, and processes. As a Sr Compensation Analyst, you will independently create job descriptions and conduct market analyses to evaluate roles and compensation programs. You will collaborate closely with HR Business Partners and Managers, acting as an internal consultant on compensation-related issues. Your contributions will be vital in developing compensation programs, policies, and processes that align with the AMA's mission to promote the art and science of medicine and enhance public health. In this role, you will be responsible for writing and editing job descriptions to align with market best practices, independently market pricing roles, and build base salary compensation recommendations. You will participate in annual compensation surveys, manage the annual merit and incentive process, and conduct data analysis based on the current compensation structure. Additionally, you will maintain tools such as Payfactors to support compensation analysis and job descriptions, and collaborate in developing communication materials related to compensation programs. You will also work closely with HR Business Partners and Business Unit leaders to assess market conditions and create competitive job offers. Mentoring the compensation team on best practices will be part of your responsibilities, as well as identifying and improving core compensation tools and processes to enhance efficiency and reduce administrative workload. This position offers a unique opportunity to contribute to the AMA's commitment to equity and diversity while supporting the professional development of our employees.

Responsibilities

  • Write new and edit manager's job descriptions, aligned with market best practices
  • Independently 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 statement, policies, etc.
  • Participate in the development or review of sales compensation plans and/or supporting executive and board compensation reporting
  • 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, process and reduce administrative work

Requirements

  • Bachelor's degree in Human Resources, Business Administration, or related field
  • 5+ years of experience in compensation analysis or related field
  • Strong analytical skills and experience with compensation data analysis
  • Proficient in compensation software and tools, such as Payfactors
  • Excellent communication and interpersonal skills
  • Ability to work collaboratively in a team environment
  • Knowledge of federal, state, and local compensation laws and regulations

Nice-to-haves

  • Certification in compensation (e.g., CCP, GRP)
  • Experience in a non-profit organization
  • Familiarity with HRIS systems
  • Strong project management skills

Benefits

  • Health insurance
  • Dental insurance
  • Vision insurance
  • 401(k) retirement plan
  • Flexible scheduling
  • Professional development opportunities
  • Paid holidays
  • Paid time off
  • Employee wellness programs
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