Saint Paul, Minnesota
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Assist in the analysis, development, administration, and review of company-wide compensation plans and programs. Leveraging strong analytical skill, provide project management leadership and support various initiatives relative to market competitiveness, compliance, and short and long-term incentives. This job does not manage others This job works under General Supervision: Incumbent independently performs a variety of duties, including potentially complex duties within established policy guidelines; responsible for a defined set of assignments (e.g. assigned customers, claims or other specified set of responsibilities); is expected to set priorities and meet specific goals and objectives of the function or unit. (Typically pertains to advanced/operational, senior professional, unit supervisor)
Primary Job Duties & Responsibilities
Evaluates executive-level positions, including market pricing new and existing jobs, writing job descriptions, and conducting labor market analysis. Assists in the support of the Compensation Committee of the Board of Directors, including meeting materials, the annual proxy statement documentation and validation, and other compensation-related reporting and disclosure requirements. Leads selected projects that are technically complex and/or sensitive. Participates in third-party survey sources, explores the results, and reports on the findings. Assists in the design of compensation programs, including modeling financial costs and drafting presentation and/or communication materials. Studies competitive practices and monitors trends impacting the compensation function with an industry focus. Maximizes application of compensation tools to support business initiatives/compensation strategies. Assists in the development of regulatory-related compensation processes and draft responses to regulator requests May design and/or deliver compensation-related training Provides support to compensation management and other team members. Perform other duties as assigned.
Minimum 2 years experience working in compensation, human resources or analytical field such as finance or accounting.
Education, Work Experience & Knowledge
Bachelor's degree or equivalent, with course work in business administration and/or industrial relations. Experience with and knowledge of compensation compliance laws/requirements, market analysis and pay design methodologies, variable compensation and equity plans.
Job Specific & Technical Skills & Competencies
Strong analytical problem solving skill. Influencing, communications, leadership, and project management skills. Ability to balance timeliness and accuracy. Able to work in a fast-paced, deadline driven environment and think clearly under pressure. Organized, with attention to detail and excellent follow-through. Strong written, oral, and presentation skills with ability to succinctly summarize complex issues and assess impact. Demonstrated ability to work independently and in a team environment. Is flexible - adjusts to new situations and changing priorities. Routinely takes initiative to identify issues and solve problems; thoroughly analyzes information and makes timely, practical decisions and recommendations. Strong customer service orientation. Establishes and maintains effective work relationships. Strong computer skills, particularly the use of Excel. Good judgment; knows when to escalate an issue. Highly ethical and can maintain confidentiality.
Operates standard office equipment (Continuously) Sitting (Can stand at will) (Continuously) Use of Keyboards, Sporadic 10-Key (Continuously)
Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.
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