Compensation Analyst

Who We Are:   

NFP, an Aon Company, is a multi-year Best Places to Work award winner in Business Insurance. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com.

The Compensation Analyst provides technical support to clients and prospects for compensation and total rewards engagements. This position creates, develops, researches, and produces communication, data analysis and reports for external clients. The Analyst works independently and in a team environment to review, analyze, and provide recommendations on the compensation plan design and program administration.

Key Responsibilities:

Benchmark and evaluate client jobs and plan design aspects for market competitiveness using a variety of data sources. 

• Analyze jobs for client projects using provided job descriptions and specified data scope criteria. 
• Fully understand each individual survey database and technology to effectively complete compensation and total rewards projects that meet client deadlines. 
• Gather additional data as needed from publicly available sources, such as 990 compensation data, salary ordinances, job boards, etc. 
• Participate in client review meetings to gather and document feedback and adjust accordingly. 
• Aggregate data from multiples systems to create summary reports and observations. 
• Create pay structures using benchmarks data and client objectives as a guide. 
• Complete employee analysis reports, comparing employees’ pay to the new pay structures. 
• Develop key client deliverables, including, but not limited to project kick-off decks, summary reports and presentations, compensation philosophies, administrative guidebooks, training presentations, FLSA classification recommendations, communication updates, etc. 
• Update documents when new data is available, such as the total rewards benchmarks, updated salary survey sources, internal templates, practice onboarding guide for clients, etc. 
• Investigate new legislation and regulations that relate to our area of expertise. 
• Research industry trends using publicly available sources such as surveys, publications, industry association websites and webinars, and specialized sources such as industry deliverables and white papers. 

Engage with team by assisting the HR Consulting and/or Benefits team as needed. 

• While Compensation will be this position’s primary focus, ideally this person will support the HR Consulting and/or Benefits team as needed and as time and capacity allow. 
• Examples of support will be determined based on client and team needs but may include employee handbook reviews, policy development, compliance research, and creation or peer review of employee benefit guides.  

Goals and Measures of Success: 

• Work is completed with an elevated level of accuracy, professionalism, and attention to detail. Once fully proficient in the role, few revisions should be needed to the work by more experienced team members or project leads. 
• Clients are confident in the expertise, recommendations, and knowledge of delivered work. Trust between client and Analyst is built through regular and proactive communication. 
• Project and client deadlines are met or exceeded. 

Qualifications: 

• Bachelor’s degree in finance, human resources, business, or another related field required. 
• Minimum of one year of work experience in compensation, data analysis, benefits, human resources, or another related field required. 
• Achievement of, or desire and ability to obtain, advanced certifications, such as the Certified Compensation Professional (CCP), Society of Human Resource Management Certified Professional (SHRM-CP), or other related certification preferred. 
• Experience in a consulting environment preferred. 

Essential Functions and Skills: 

• Strong analytic skills, with the ability to analysis, interpret and draw conclusions from data. 
• Very strong working knowledge of Excel (i.e., high intermediate to advanced level) with interest and ability to continually develop skillset to enhance client deliverables.  
• Able to develop strong working relationships and trust with clients. 
• Completes work with meticulous detail and accuracy, ensuring a high level of quality. 
• Organizes and maintains systems and processes that support proj