Senior Compensation Analyst

🔥 6 minutes ago

🤠 Texas – Remote

🤠 Texas – Remote

💵 $78.8k - $145.1k / year

⏰ Full Time

🟠 Senior

🧐 Analyst

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Milliman

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1947

🤝 B2B

⚕️ Healthcare Insurance

💸 Finance

B2B • Healthcare Insurance • Finance

Milliman is an independent global actuarial and consulting firm founded in 1947 that provides expertise in insurance, healthcare, retirement and employee benefits, risk management, and related financial services. The firm combines actuarial rigor, data science, and technology to deliver consulting, modeling, software, and advisory solutions to public- and private-sector clients addressing challenges such as healthcare costs, market volatility, climate risk, and program design. Milliman operates worldwide with multidisciplinary teams including actuaries, data scientists, clinicians, and software engineers.

📋 Description

• Support the analysis of compensation programs, including base pay structures and incentive programs. • Assist in evaluating, benchmarking, and market pricing jobs the organization's jobs by documenting responsibilities and requirements in job descriptions. • Create recurring and ad hoc compensation reports and dashboards to support decision-making using the human resources information system. • Maintain and update job descriptions to ensure they remain current and aligned with business needs. • Support the firm’s annual year-end merit and incentive processes. • Help ensure compensation programs comply with applicable laws, regulations, and company policies. • Partner with practice and HR Business Partners on pay equity issues. • Engage and participate in compensation salary surveys. • Review UKG transactions and Milliman job postings to confirm alignment with the compensation structure. • Use Power BI to build, maintain, and enhance dashboards and visual reporting for compensation metrics, workforce trends, market data, and internal equity analysis. • Other duties as assigned.

🎯 Requirements

• Bachelor’s degree in Business Administration, Human Resources Management, Finance, or related field. • The ideal candidate must have 4-6 years of compensation-related experience, including partnering with HR generalists, managers, and employees across the organization. • The ideal candidate must have previous experience supporting compensation, HR analytics, finance, or a related function. • The ideal candidate must have previous experience working in Microsoft Suite of products, but specifically Excel with formulas, vlookups, xlookups, etc. and comfortable working with large datasets. • The ideal candidate must have previous experience with recruiting systems and an understanding of how they operate for job postings, especially understanding the relationship between the recruiting system and pay transparency laws. • The ideal candidate must have previous experience with Power BI for reporting, dashboard creation, and data visualization. • Must have the ability to maintain a high level of accuracy in preparing and entering information. • Must have the ability to analyze data and translate findings into clear insights and recommendations. • Must have strong attention to detail and organizational skills. • Must possess effective written and verbal communication skills. • Must have the ability to manage multiple priorities in a deadline-driven environment.

🏖️ Benefits

• Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners. • Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges. • 401(k) Plan – Includes a company matching program and profit-sharing contributions. • Discretionary Bonus Program – Recognizing employee contributions. • Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses. • Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis. • Holidays – A minimum of 10 paid holidays per year. • Family Building Benefits – Includes adoption and fertility assistance. • Paid Parental Leave – Up to 12 weeks of paid leave for employees who meet eligibility criteria. • Life Insurance & AD&D – 100% of premiums covered by Milliman. • Short-Term and Long-Term Disability – Fully paid by Milliman.