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Senior Compensation Analyst

Employer
ICW Group
Location
San Diego, California
Salary
Not Specified
Closing date
Oct 29, 2019

View more

Category
IT
Job Type
Not Specified
Career Level
Not Specified

Job Details

Love crunching numbers, interfacing with various departments, and being a part of the growth of a company? Look no further! As a Sr. Compensation Analyst here at ICW Group, you will play a very integral part for potential and current employees. By conducting surveys and analyses, you will partner closely with HR and the business to come up with comprehensive job descriptions, benchmarking, and provide recommendations on compensation structures.

PURPOSE OF THE JOB

Provides technical expertise, administration and analysis for compensation, benefits, and other related HR functions to ensure our programs are market relevant, compliant with all legal requirements and attract and retain talent to drive business results.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Oversees the Base Compensation Program for the Company

  • Participates in surveys, conducts benchmarking, analyzes and makes recommendations on the compensation structures
  • Reviews new hire, promotion and off-cycle cash compensation packages for equity and compliance
  • Conducts forecasting and analysis of base compensation budgets, proposes salary and increase budgets and ensures Compensation Committee approval.
  • Manages the annual Salary Increase and Bonus Allocation process from establishing budgets through communication to Team Members.
  • Ensures the company’s compensation practices comply with federal, state and local laws and regulations
  • Ensures compensation data in all HR systems is accurate and complete.
  • Provides on-going training and information to Team Members and Managers that increases the perception of a fair and valuable Total Rewards package.

Administers the Executive Compensation Program for the Company

  • Participates in surveys and conducts competitive/peer analysis
  • Designs and maintains short-term and long-term incentive programs
  • Working with the Vice President of Human Resources, prepares and reviews materials for the Compensation Committee meetings
  • Manages all executive compensation payments and coordinates with payroll on the timing and distribution of pay outs
  • Administers Executive Compensation Benefits including the Executive Deferral Program, Management Security Plan, Stock Redemption, etc.

Supports Variable Pay Programs

  • Designs, analyzes and revises various incentive plans.
  • Partners with Business Leaders to design sales compensation incentive programs, contests, etc.
  • Ensures current and compliant program documentation is maintained for all programs
  • Conducts analysis and forecasting for budget approvals and reports on results
  • Audits calculations prior to payment for non-discretionary programs
  • Maintains document library for all long and short term plans

Drives organization recognition programs

  • Designs and administers organization-wide reward and recognition programs ensuring that they meet stated goals and objectives
  • Serves as a consultant to departments in creating contests and recognition programs ensuring that they meet organization and compliance requirements.

Organizes and maintains current job description library

  • Organizes and maintains current jobs description libraries (on-line and in electronic files)
  • Consults with managers requesting new positions, providing guidance on completing the job questionnaire and creates final job description
  • Conducts benchmarking on new jobs and gains approvals
  • Establishes job description standards and ensures job descriptions are compliant with all regulatory rules.

Identifies and executes on compensation projects

  • At least bi-annually, benchmarks the full pay structures and identifies changes to ensure market relevance.
  • Supports department restructures through job design and pay recommendations
  • Prepares documentation such as policies, instructions, guidelines, etc.
  • Prepares materials for training, education, meetings or communication.
  • Processes P.O.s, invoices or other requirements to accomplish Compensation tasks.
  • Ensures compliance for Compensation areas assigned such as keeping master files, documenting processes and analyzing data and making recommendations.

SUPERVISORY RESPONSIBILITY

This position has no supervisory responsibility.

EDUCATION AND EXPERIENCE

Bachelor's degree in business or other related discipline; 5 years’ experience working in Compensation function performing similar duties; additional experience and certification will be considered in lieu of Bachelor's degree.

CERTIFICATES, LICENSES, REGISTRATIONS

CCP or similar certification in Compensation is desirable

KNOWLEDGE AND SKILLS

Technical knowledge of compensation principles, tools and techniques; understanding of people management and human resource functions and systems.

In depth understanding and application of compensation laws including FLSA, California and other state wage and hour requirements.

Demonstrated competence in one or more HR information systems, preferably UltiPro. Mastery of Excel and intermediate to advanced skills in other Microsoft Suite applications including Access and Visio preferred

Ability to effectively compose business correspondence, policies and procedures, detailed and executive reports, presentations, and analyses; demonstrated experience in designing and presenting information to audiences of all levels in an engaging manner

Ability to define problems, research and collect data, establish and evaluate facts, and draw valid conclusions. Ability to make administrative and procedural judgments on sensitive, confidential issues.

Ability to plan, coordinate, and administer complex administrative systems and processes. Ability to communicate effectively, both orally and in writing.

PHYSICAL REQUIREMENTS

Primarily sitting in front of a computer, occasional standing and walking; must be able to reach with hands and arms; stoop, kneel, crouch, or crawl; talk and hear. The employee must occasionally lift and/or move up to 30 pounds. Specific vision abilities required by this job include close vision.

COMPETENCIES

This position maps to the individual contributor level. Additional competencies required: None.

WORK ENVIRONMENT

The noise level in the office is usually moderate.

Company

 

ICW Header

 

Headquartered in San Diego, ICW Group is a multi-line insurer that provides coverage solutions to businesses through a network of independent agents and brokers. ICW Group offers three types of insurance—workers' compensation, earthquake and auto insurance. Known for meeting the needs of its policyholders, ICW Group prides itself on providing service that is truly customer-centric. In recent years, ICW Group has earned a reputation for helping policyholders achieve fewer and less costly claims. The company accomplishes this through extensive risk management expertise, highly proactive claims handling, and aggressive fraud monitoring.

At ICW Group, our focus and passion is offering great insurance products, services and experiences. We honor our commitments to our customers, our communities and each other to ensure that you have a better today and a safer tomorrow. With our home office in sunny San Diego, CA and with 10 branches across the U.S., ICW Group has over 40 years of experience in property and casualty insurance. Our passionate and creative team members are the power behind our successful business. 

A strategic investment in innovation today is critical to our success in the future. Our leaders welcome people who are eager to bring the power of innovation, the willingness to try something different or adopt a new approach or technology as we evolve to meet the needs of our customers and agents. Our culture fosters experimentation in models, processes, and products in an effort to move forward and help shape not only ICW Group’s future but the insurance marketplace as a whole. 

ICW Group is committed to the satisfaction of our customers and recognizes that satisfied, contributing Team Members are the foundation of a superior customer experience. With a team of 880, our enterprise is sized just right to provide broad challenging job responsibilities in a more personal environment. An important part of this personal approach to your success is our commitment to health and wellness. We provide a comprehensive program to help you maintain your total health because we believe that being at your personal and professional best is important to you and your family. 

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