Compensation Analyst

Job Description:

The Compensation Analyst will contribute to firms success by developing, implementing, managing, and assessing the effectiveness and competitiveness of compensation programs that support business and strategic plans.

The scope of the position includes India compensation programs as well as programs that apply globally. The successful candidate will be able to demonstrate an ability to work across the HR organization to maintain a coordinated global approach to compensation.

This role is ideal for someone eager to not only support and enhance existing programs but also to innovate and shape the future of work within our team. The successful candidate will bring expertise, fresh perspectives, and a commitment to building a best-in-class Total Rewards structure that aligns with firm's global priorities. 

The responsibilities of the individual in this position include:

• Partner with the Global Compensation Team to design and implement compensation/reward structures, programs and policies.
• Conduct a range of analyses involving the impact/effectiveness of current fixed and variable cash compensation plans, as well as the development and implementation of new programs
• Assist in the preparation and packaging of ad-hoc compensation analyses for HR Business Partners and the Talent Acquisition team
• Manage and administer internal job family framework, maintain internal compensation related files and reporting
• Conduct job evaluations and benchmark positions to assist in the budgeting and recruiting of open roles
• Evaluate job offers to internal or external candidates to ensure compensation packages proposed are competitive and align with the firm's compensation philosophy
• Support the annual compensation cycle, including systems integration with the HR Workday team
• Build and maintain strong collaborative relationships with internal clients and colleagues within the HR team
  

Skill / Qualification Required:

• 5 years experience in broad-based compensation analysis with a global organization or consulting firm preferred; junior profiles with strong technical skillset will be considered
• Strong analytical and quantitative skills with ability to analyze and manipulate large sets of data from different sources
• Strong MS Excel skills; comfortable with using advanced Excel functions in various analyses and preparing reports for executives
• Experience working in HRIS systems, preferably Workday
• Excellent judgment, attention to detail and problem-solving skills
• Ability to execute tasks with high levels of accuracy
• Experience with the use of compensation benchmarking surveys preferred
• Knowledge of salary management principles and incentive compensation design fundamentals, including commission plans
• Financial services industry experience is a plus
• Segree in Business, Finance, Data Analytics or a related field

Work Timing - 10.00 am to 7.00 pm IST

Work Setup - Hybrid (4 days work from office)