Place of Business:
Pan American Life Insurance Group
Position Description:
Under the direction of the Compensation Manager, this position is responsible for providing professional level analysis and support in the administration of corporate compensation practices, policies, and programs. Ensures base pay and incentive programs remain competitive and conform to compensation strategy. Monitors compensation practices and programs for compliance with applicable wage and hour laws.
Essential Job Duty
#1: Compensation Administration
Ensure base pay and incentive pay programs remain competitive, conform to current compensation strategy and are compliant with applicable regulations
Maintain up-to-date knowledge of all local, state and federal laws and regulations relative to compensation administration
Provide assistance in the interpretation of compensation practices, programs, and policies
Recommend or review and approve proposed salary offers for new hires based on individuals’ qualifications as they relate to the job
Recommend or review and approve proposed salaries for internal promotions and other internal job changes based on changes in job scope
Ensure salaries for new hires, promotions, transfers and job reclassifications are internally equitable
Conduct salary equity analyses as requested by leaders concerned with internal equity and employee retention obtaining required approvals prior to implementing salary adjustments
Essential Job Duty #2: Job Evaluations
Assist leaders and HR team members in effectively documenting job responsibilities and required qualifications using standardized job description per established standards
Evaluate new and revised jobs for placement in internal salary structure per finalized job descriptions
Research market data to determine competitive salary ranges for jobs ensuring parity with internal jobs
Recommend job titles consistent with internal job title architecture utilizing existing job profiles when appropriate
Determine appropriate job classification attributes for jobs including overtime exemption (FLSA) classification ensuring compliance with the Department of Labor Fair Labor Standards Act
Complete job description audit and partner with HR Business Partners to obtain updated job descriptions
Maintain database of job description documents in an organized manner
Essential Job Duty #3: Focused Market Analyses
Assist Compensation Manager in monitoring salary ranges for all jobs to ensure market competitiveness
Conduct focused market analyses as needed for specific job families and/or departments
Utilize market database subscription and valid salary surveys to consistently market price jobs
Evaluate market trends and recommend changes as trends are identified
Participate in reputable industry-specific salary surveys as needed
Essential Job Duty #4: Annual Compensation Awards Process
Assist Compensation Manager in launching, monitoring and finalizing the Annual Awards process
Develop communications and job aids for managers associated with the compensation awards process
Respond to questions from managers and monitor completion progress while awards process is open
Develop summary reports after awards process is closed for senior management review and approval
Partner with Payroll to conduct testing as needed to ensure compensation awards flow correctly to Payroll
Essential Job Duty #5: Compensation Transactions and Data Integrity
Process production-based bonuses recurring every pay period, monthly and quarterly
Process ad hoc one-time payments for sign-on, referral, retirement and other special bonuses
Process employee salary changes associated with approved programs or salary adjustments after securing required approvals
Maintain backup documentation of all salary transactions in an organized manner
Set up new job profiles for U.S. and International jobs ensuring all job attributes are set up appropriately
Review and approve Job Requisition, Job Offer, and Promotion tasks and complete related compensation tasks in HRIS system
Assist Compensation Manager with setup and audit of employee compensation plan assignments
Conduct periodic salary audits ensuring compliance with local, state and federal minimum wage laws
Conduct periodic audits of HRIS compensation data to ensure data integrity and consistency
Essential Job Duty #6: Special Projects and Other Duties
Produce headcount reports on a regular basis
Assist with coordinating annual salary budget process
Complete compensation studies, projects, and cost analyses requested by HR leaders
Work collaboratively with HR team members providing compensation-related support as needed
Participate in process improvement initiatives
Participate in HR initiatives and projects
Perform other duties as assigned
Qualifications:
Required: Bachelor’s degree in Human Resources, Business Administration, or related field and 3 to 5 years’ compensation administration experience
Preferred: Financial or Insurance industry compensation experience and Workday HRIS experience
Preferred: Certified Compensation Professional (CCP), PHR or SHRM certification
Click here to apply.