Compensation Analyst II

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UFG Insurance

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 1946

💸 Finance

🤝 B2B

Finance • B2B

UFG Insurance is a property and casualty insurance company that provides commercial insurance products and services, including inland marine, commercial property, commercial liability, workers' compensation, surety, excess & surplus, reinsurance and businessowners policies. It focuses on serving businesses—manufacturing, construction, real estate, architects and engineers, heavy equipment dealers and other small to mid-sized enterprises—through agents and brokers, emphasizing claims service, risk control consulting, premium audit and in-house service capabilities.

📋 Description

• Support the development and administration of the organization’s pay programs to ensure they are competitive, equitable, and aligned with business strategy. • Research, analyze, and manage salary structures, incentive plans, and equity programs. • Partner closely with HR, finance, leadership, and external consultants to maintain internal consistency and market competitiveness. • Conduct job evaluations and market pricing to ensure positions are competitively aligned and internally equitable. • Administer and maintain salary structures, pay ranges, and compensation guidelines based on market data and organizational strategy. • Perform compensation analyses to support hiring, promotions, transfers, reorganizations, and retention recommendations. • Support the design, administration, and annual execution of merit, incentive, and variable pay programs. • Participate in annual compensation planning, salary budgeting, and market review activities. • Administer executive compensation programs, including preparation of analyses, reporting, and governance documentation. • Administer equity compensation, including grants, vesting schedules, transactions, reporting, and employee communications. • Ensure compliance with federal, state, and local compensation regulations, including pay transparency and equal pay requirements. • Partner with HR Business Partners, Talent Acquisition, Finance, Payroll, and business leaders to provide compensation guidance and consultation. • Participate in compensation surveys and benchmark studies to evaluate market competitiveness and emerging compensation trends. • Recommend process improvements that enhance efficiency, accuracy, and governance of compensation programs. • Act as project lead and POC with various compensation vendor partners. • Support continuous improvement efforts in compensation operations and systems and assist in developing and delivering training and resources for HR partners. • Monitor FLSA and EEOC compliance and advise on appropriate action. • Assist with other compensation related initiative & projects

🎯 Requirements

• Bachelor’s Degree in appropriate discipline, preferably in Human Resources, Accounting or Finance • Certified Compensation Professional (CCP) or working towards certification preferred • 3+ years of experience in a compensation analysis role within the insurance industry. • Experience working in the compensation function at a large property & casualty insurance carrier strongly preferred. • (1,000+ employees) • Experience with a variety of compensation and HR software products preferred. • Knowledgeable in a variety of compensation best practices and theories • Knowledge of compliance and other regulations (FLSA, EEOC) • Demonstrated ability to manage workflow and organize records • Excellent written and verbal communication skills; presentation skills • Demonstrated professional demeanor with the ability to maintain confidentiality • Strong with Microsoft Office suite of products including but not limited to Excel. • Ability to build and maintain positive relationships with management, peers, as well as external vendors • Ability to be proactive and work independently as well as within a team • Strong analytical and problem-solving skills

🏖️ Benefits

• Annual incentive compensation • Medical, dental, vision & life insurance • Accident, critical illness & short-term disability insurance • Retirement plans with employer contributions • Generous time-off program • Programs designed to support the employee well-being and financial security.