Senior Compensation Analyst

Senior Compensation Analyst

The Senior Compensation Analyst advances the analysis, design, and administration of Clayton’s compensation programs, including base pay and incentive pay programs as well as providing pay adjustment recommendations. This role is assigned to support the Financial Services business units (Vanderbilt Mortgage, Silverton Mortgage, and HomeFirst Agency) and serves as the primary liaison for the Corporate Compensation team with Financial Services Total Rewards team, HR partners and hiring managers. This role is expected to communicate pay practice information and serving as an authoritative resource when questions arise.  Under the general guidance of the Corporate Compensation Manager and in collaboration with the Financial Services Total Rewards leader, the Senior Compensation Analyst works independently to accomplish a variety of projects and assignments in support of the Compensation team’s goals.  The Senior Compensation Analyst helps the Corporate Compensation Manager grow and improve the compensation program.

Senior Compensation Analyst Requirements

Education: Bachelor’s degree or equivalent experience required

Years of Related Experience: Minimum 4-7 years related Human Resources experience; 2-3 years direct compensation experience required

Senior Compensation Analyst Skills

• Experience using compensation surveys and market data to evaluate jobs required
• Experience applying FLSA DOL job classifications
• Experience with job architecture or career frameworks preferred; experience reviewing and editing job descriptions required
• Experience with short term incentives preferred
• Ability to manage projects; some large-scale projects
• Strong conflict resolution skills
• Ability to influence and gain acceptance of compensation practices
• Ability to multi-task and prioritize
• Strong interpersonal skills; ability to establish positive relationships across the enterprise and with outside vendors
• Strong written and verbal communication skills
• Excellent analytical skills
• Experience conducting research and analyzing data
• Self-directed with ability to work autonomously on projects; ability to maintain attention to detail on multiple, simultaneous projects and priorities
• Effective problem-solving skills
• Intermediate skills with MS Excel
• Ability to maintain confidentiality of sensitive information

Senior Compensation Analyst Job Functions

Compensation Administration & Practices

• Serve as a highly knowledgeable and trusted advisor on compensation strategy, compensation practices, pay plans, job evaluation, and job architecture with customer base.
• Serve as the primary Corporate Compensation contact for Financial Services leaders.
• Partner with Financial Services Total Rewards leader on incentive pay plans.
• Develop strong connections and credibility with cross functional teams and stakeholders through active listening, empathy, and a collaborative mindset.
• Leverage strong interpersonal skills to influence decisions and align solutions with business objectives.
• Navigate complex challenges with tact, balancing business needs with compensation strategy.
• Lead projects of moderate complexity.
• Research and evaluate compensation structures, salary surveys, salary increases, job evaluations and short-term incentive plans; provides recommendations and feedback to leaders and team.
• Review positions across business units for consistency with strategy and salary structures; provides base and TCC recommendations for leadership for new and existing team members; prepares pay plan/pay mix options per business unit request.
• Exhibit high level of knowledge on DOL and FLSA regulations related to overtime, minimum wage, pay transparency, and exemption classification; help confirm associate/intermediate FLSA recommendations as needed.
• Assists junior colleagues with completing and submitting compensation data to survey providers; may complete and submit survey data if needed.
• Research options for new compensation surveys in partnership with the Compensation Manager.
• Develops leadership and training activities related to compensation management for internal customers.
• Monitor compensation trends and analyze Clayton’s position as compared to other employers using data provided in compensation surveys and other valid sources.
• Collaborate with vendors; build and maintain relationships, participate in subscription discussions, work with leadership to interview and assess new partners.  

Job Evaluations (Ongoing)

• Promote and lead job architecture, job profil