Compensation Specialist

Accountabilities:

• Provides technical and analytical support to all total rewards programs including responsibility for data-mining, trend reporting and analysis and administration impacting reward strategies, philosophies, policies and programs that:
• provide internal equity
• incorporate external competitiveness
• motivate and reward performance
• comply with Federal, Provincial and local regulations
• attract and retain talent
• drive company strategy and business objectives
• Compiles, evaluates and provides data summaries and reports on existing reward programs and budgets. Analyzes current or new plan designs and administrative practices for competitiveness and cost effectiveness. Identifies and recommends enhancements or changes to compensation, benefit and pension programs to improve policy, administrative procedures, workflow efficiencies, and/or align programs to achieve company goals.
• Provides regular reporting and data summaries focused on forecasts, trends and competitive reward metrics such as incentive compensation as a percentage of premium/revenues, span of control, payroll costs, transitional buyout and other reward dashboard metrics that illustrate the competitive positioning of our plans and programs. Reviews analytic survey and benchmark data to ensure competitive positioning and internal equity.
• Participates in, or conducts, salary, incentive pay, pension and benefit surveys. Analyzes survey data and trends and maintains a survey data base. Develops relationships with local and industry groups to obtain market intelligence.
• Reviews and evaluates job descriptions (using the Hay or other point factor system), confers with management on job families, career paths, job design and job description language, and educates/provides on-going training to managers and HR team members on base salary and incentive programs.
• Maintains the job description and job evaluation data base; creates and maintains job codes.
• Reviews and administers company recognition programs including responsibility for evaluating and reporting nominations and awards.
• Participates in the design, development and implementation of automated HR solutions and reporting to support strategic ANA Total Rewards initiatives. Works with Service Delivery to ensure systems are updated to reflect changes to program or plan structures. Ensures reports are available, developed, and/or maintained to administer same.
• Assists in preparing confidential information to support efforts such as transformations/reorganization, mergers and acquisitions as well as due diligence requests.

Experience:

• A minimum of 3 to 5 years experience in Human Resources working with compensation and benefits related programs. This includes data analysis and support functions relating to the design and administration of total reward programs. Prior experience working in a center of expertise and human resources business partner model beneficial.
• Strong PC/technical experience including extensive knowledge of Excel, Access, Business Objects reporting and other MicroSoft Office applications. Previous experience with Workday or other HRMS preferred.
• Excellent written and oral communication skills. Proven ability to effectively communicate with all levels in an organization.
• Proven organizational skills, including balancing multiple responsibilities and effectively meeting deadlines.
• Strong proficiency with Word and Excel, previous HRIS experience a plus;
• Proven ability to work independently.
• Strong team player.

Skills/knowledge:

• Demonstrated advanced skill in the use of Excel and other Microsoft suite programs.
• Excellent written and verbal communication skills. Proven ability to effectively communicate with all levels in an organization.
• Knowledge of laws, rules and regulations governing compensation and benefits practices and programs.
• Very strong detail-orientation, including skill with numeric detail, excellent problem solving, analytical and research skills in order to gather information from various sources.
• Business acumen including broad understanding of general insurance and annuity business and/or financial services industry.
• Experience operating within a matrixed, global environment
• Proven organizational skills, including balancing multiple responsibilities and effectively meet deadlines.
• Proven ability to work independently.