Senior Compensation Analyst

Pay Range:

Pay Range:$47.69 - $67.19

SEARHC is a non-profit health consortium which serves the health interests of the residents of Southeast Alaska. We see our employees as our strongest assets. It is our priority to further their development and our organization by aiding in their professional advancement.

Working at SEARHC is more than a job, it’s a fulfilling career. We offer generous benefits, including retirement, paid time off, paid parental leave, health, dental, and vision benefits, life insurance and long and short-term disability, and more.

The SEARHC Compensation Analyst is responsible for conducting comprehensive compensation analyses, ensuring accuracy and alignment with The Senior Compensation Analyst is responsible for conducting comprehensive compensation analyses, ensuring accuracy, alignment with organizational and regulatory standards and industry benchmarks. The position requires strong analytical skills, attention to detail, and the ability to interpret complex compensation structures to support organizational objectives.

This role will be responsible for evaluating compensation structures, supporting decision-making around compensation approaches through analysis, assessment, and modeling. The analyst will provide actionable insights to support the organization’s goals for compensation, including an emphasis on recruitment, retention, and performance.

This role involves developing and improving processes to enhance efficiency and effectiveness in compensation analysis, compensation plan development, interfaces with stakeholders and process, project coordination, and workflow development. A deep understanding of compensation models and industry best practices is essential as well as an understanding of the complexities of the Southeast Alaskan healthcare landscape.

Key Essential Functions and Accountabilities of the Job

• Promote and integrate the SEARHC mission, vision, and values in all aspects of job responsibilities and accountabilities, maintaining a service-oriented and quality-focused culture within SEARHC.

• Analyze and develop compensation models comparing against industry and third-party benchmarks and internal standards.

• Utilize understanding of compensation methodologies and plans and make thoughtful recommendations on compensation models to align with business objectives.

• Partner with System Director, Total Rewards, to ensure fair market value and commercial reasonableness in compliance with applicable regulations.

• Conduct internal compensation analysis and assessments.

• Develop, enhance, and document processes related to compensation methodologies, compensation review cadence, implementation plans, etc.

• Assist System Director, Total Rewards in preparing materials and details for executive-level compensation committee meetings.

• Participate in and support strategic planning around compensation plan design to meet organizational objectives.

• Provide guidance and interpretation of compensation policies/programs.

• Partner with System Director, Total Rewards in discussions and presentation of compensation plan details.

• Effectively communicate with internal stakeholders the details of compensation components.

• Identify areas of opportunity and partner to design, develop, and implement effective and efficient workflows related to compensation.

• Develop compensation reports for various specialties and practices.

• Maintain accurate and up-to-date compensation data

• Prepare regular and ad-hoc compensation reports for leadership and other stakeholders.

• Ensure compliance with federal and state compliance regulations.

• Assist System Director, Total Rewards with projects.

• Perform other duties as assigned. 

Education, Certifications, and Licenses Required

• Bachelor’s degree in Business Administration, Finance, Healthcare Administration, or a related field.

• Master’s degree preferred.

Experience Required

• 6+ years of experience in healthcare compensation analysis and healthcare finance.

• Knowledge and understanding of healthcare compensation models and methodologies, compensation benchmarking, and associated regulatory requirements.

• Experience working with various clinical specialties and environments.

Knowledge, Skills and Abilities

• Culturally sensitive; able to work with and value the contributions of diverse stakeholders.

• Strong analytical skills with the ability to interpret complex data and provide actionable insights, compensation recommendatio