The Senior Compensation Analyst reflects the mission, vision, and values of NM, adheres to the organization’s Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.
Responsibilities:
- Exercises significant discretion in interacting with all levels within the system to support compensation strategy, pay programs and policies.
- Assists in implementing and administering compensation and incentive programs across the organization..
- Prepares reports and analyses to ensure equity and competitiveness of pay programs.
- Conducts research and provides summary findings to leadership and stakeholders regarding compensation plans
- Independently conducts market reviews by identifying, extracting source materials (i.e. internal and external job descriptions and all components of compensation data), providing summary findings, making recommendations to compensation leadership and stakeholders, analyzing budgetary impact and developing implementation protocols (communication plan, coordination with MyHR for data updates).
- Leads participation in annual salary surveys and serves as liaison with survey vendors. May delegate common surveys to additional support within HR to complete based on approved matches.
- Independently consults with HR colleagues, leadership and employees in application of compensation practices, salary determinations and new hire compensation. May provide instruction/training in a formal setting regarding compensation practices and procedures.
- Provides authorization for non-standard personnel actions, interim pay and other payments as appropriate, including the coordination of payments with payroll department.
- Serves as departmental NMI/intranet content manager.
- Serves as the compensation systems expert, partnering with appropriate resources in the maintenance of the system.
- Maintains integrity of compensation data in PeopleSoft.
- Proactively identifies opportunities for operational improvement, including the development and execution of subsequent action plans and routine audits.
- Manages special projects as requested.
Additional Functions
- Conducts training sessions
- Serves as PeopleSoft super-user and advises MyHR, Payroll, and IS when system updates require expert knowledge on compensation policies, practices, and programs.
- Other duties as assigned.