Senior Compensation Analyst

🕒 2 days ago

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EMC Insurance Companies

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1911

Insurance

EMC Insurance Companies is a mutual insurance firm providing specialized business insurance solutions. They focus on commercial property insurance, liability insurance, workers' compensation, and business owners' policies. With a strong emphasis on personalized service, EMC collaborates closely with local agents to deliver comprehensive and tailored coverage. EMC is committed to understanding the unique challenges faced by its policyholders, offering risk management and loss control resources to help businesses safeguard their assets. Known for their dedicated partnerships and exceptional customer service, EMC ensures that businesses are prepared for the unexpected with their superior insurance solutions.

📋 Description

• Leads annual merit and off-cycle compensation processes, including data validation, testing and reporting. • Supports full life cycle incentive and recognition programs. • Proactively meets with leaders and HRBPs to understand workforce plans, talent needs, and financial constraints for assigned business units. • Presents recommendations with clear trade‑offs, ROI, and risk/compliance considerations. • Monitors outcomes and feedback; iterates programs and guidelines to improve fairness, competitiveness, and simplicity. • Conducts market pricing and program prevalence analysis of base pay, incentive, recognition and other programs. • Performs analysis and maintenance of salary structures and geographic pay zones. • Designs and delivers compensation education for HRBPs, Talent Acquisition, and people leaders on compensation principles, program changes, and market trends. • Develops and supports manager toolkits and communication materials for total rewards. • Leads complex compensation projects, performs detailed analysis, and presents recommendations. • Provides compensation consulting for assigned departments (director level and below). • Leads the creation, revision, and governance of job descriptions to ensure strong job architecture. • Guides job evaluations, communications evaluation outcomes, and provides recommendations on pay implications. • Configures and maintains MarketPay and Workday compensation modules. • Identifies opportunities for automation and process improvement. • Ensures compliance with compensation laws, regulations, and internal controls, including FLSA exemption analysis and pay transparency requirements. • Performs pay equity analysis as applicable.

🎯 Requirements

• Bachelor’s degree in business or related field or equivalent relevant work experience • Five years of experience in compensation or related experience • Experience in the insurance industry preferred • Excellent knowledge of compensation terminology, market pricing, and compensation compliance • Strong knowledge of compensation management in HRIS, preferably Workday • Excellent communication, presentation, and stakeholder management skills • Ability to elicit relevant information and make recommendations • Advanced Excel skills; experience with MarketPay and Workday a plus • Excellent analytical skills and attention to detail • Ability to manage multiple priorities in a fast-paced environment • Collaborative mindset with strong business acumen.

🏖️ Benefits

• Outstanding benefits with life, medical, dental, vision and prescription drug coverage • Competitive paid time off plan and a full day of volunteer time off annually • Financial incentives, including a 401(k) plan match, pension plan, OneEMC bonus plan and recognition and anniversary awards • Professional development and growth opportunities, including tuition reimbursement • Wellness initiatives to improve team member well-being and reduce health insurance costs • Flexibility to dress for your day and opportunities for alternative work arrangements