Principal Compensation Analyst

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InnovAge

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

⚕️ Healthcare Insurance

Healthcare Insurance

InnovAge is a provider of the Program of All-inclusive Care for the Elderly (PACE) that helps frail seniors remain independent and age in their own homes with dignity. As the largest PACE provider by participants served, InnovAge delivers comprehensive, coordinated services including primary care, nursing, behavioral health, therapies, transportation and care coordination to support seniors' medical and daily living needs.

📋 Description

• Partners with our external compensation consultant to conduct executive and NEO compensation analysis, including base, annual incentive, and long-term incentive benchmarking against an approved peer group. • Build executive-ready scenario models (e.g., pay mix, target-setting, vesting, and realizable pay) to inform recommendations. • Prepare and quality-check analyses, exhibits, and presentation materials that support Compensation Committee meetings and executive decision-making. • Support the annual proxy / CD&A process, including data preparation and review of compensation tables, pay-versus-performance, and related disclosures, in partnership with Legal, Finance, and external advisors. • Partner with Legal, Finance, Payroll, and external stock-plan vendors on stock plan administration including equity grants, reporting, controls, reconciliation, and employee and executive equity matters. • Support design, modeling, and governance of annual short- and long-term incentive plans, including metric selection, target-setting, and payout structures. • Lead market pricing, job evaluation, and salary-structure development across the organization, ensuring internal equity and external competitiveness. • In partnership with Analytics, build models, dashboards, and reporting that give leaders clear, timely visibility into pay competitiveness, cost, and program outcomes. • Serve as a trusted compensation advisor to HR Business Partners, Talent Acquisition, and business leaders, translating complex analysis into clear, actionable recommendations. • Support the development of compensation communications and leader/manager education.

🎯 Requirements

• Bachelor’s degree in Human Resources, Finance, Economics, Business, Accounting, Mathematics, Data Analytics, or a related field; equivalent experience may be considered. • 8–10+ years of progressive compensation experience, including meaningful experience in executive and broad-based compensation, incentive / long-term incentive plan design, equity compensation partnership, market pricing, and compensation analytics. • 8–10+ years of progressive experience with public-company compensation processes, including proxy / CD&A support, NEO compensation, and Compensation Committee materials. • 8–10+ years of progressive experience partnering on equity / stock plan administration with Legal, Finance, Payroll, HRIS, and external vendors. • Demonstrated experience leading or supporting annual compensation cycles (merit, bonus, and equity). • Experience preparing executive-ready analysis and presentation materials and supporting senior stakeholders. • Advanced Excel and financial modeling skills, including multi-sheet, scenario-based models. • Executive presence and the ability to communicate complex compensation analysis clearly to senior HR, Finance, Legal, and executive audiences. • High level of discretion, confidentiality, and judgment when handling sensitive executive and Board-related information. • Strong financial and business acumen; comfortable reasoning from financial and operating data. • Advanced analytical rigor and attention to detail; able to build and defend complex models. • Strong written communication and storytelling skills, including executive- and Committee-ready PowerPoint. • Working knowledge of compensation governance and regulatory frameworks (e.g., FLSA, pay equity, pay transparency); familiarity with public-company disclosure and securities considerations is a plus. • Strong stakeholder management; able to influence without authority and partner effectively across functions. • Ability to manage multiple priorities independently and meet deadlines in a dynamic environment.

🏖️ Benefits

• medical/dental/vision insurance • short and long-term disability • life insurance and AD&D • supplemental life insurance • flexible spending accounts • 401(k) savings • paid time off • company-paid holidays