Compensation Analyst Principal - Remote

Join an amazing team that is consistently recognized for our achievements and culture, including our most recent Forbes award of being one of America's Best Midsize Employers for 2023!

Position Summary

The Compensation Analyst Principal is responsible for conducting in-depth data analytics and administering Short-Term and Long-Term Incentive programs. In this position, you will be responsible for collecting, analyzing, and interpreting information regarding our organization's workforce. The insights and recommendations you provide will be of great value in determining our human resources strategies and optimizing our talent management processes. This role also plays a vital part in ensuring fair and competitive compensation practices within the organization.

Key Responsibilities

Data Analytics:

• Collect and analyze large sets of human capital data, including employee demographics, performance metrics, turnover rates, and compensation data.
• Develop and maintain databases and data systems to ensure efficient data storage and retrieval.
• Use statistical techniques and data visualization tools to identify trends, patterns, and correlations within the human capital data.
• Prepare and present reports and dashboards that effectively communicate key findings and insights to stakeholders.
• Collaborate with HR professionals, business leaders, and other stakeholders to define data requirements and develop data-driven solutions.
• Conduct ad hoc analysis and provide actionable recommendations to support strategic decision-making.
• Stay up-to-date with industry trends and best practices in human capital analytics and contribute to the continuous improvement of data analysis methodologies.

Incentive Programs Administration:

• Implement and administer incentive programs including performance-based incentives that align with the organization's compensation strategy and goals.
• Collaborate with finance and legal departments to ensure compliance with regulatory requirements.
• Monitor and evaluate the effectiveness of incentive programs, making recommendations for improvements as needed.

Compensation Analysis and Reporting:

• Prepare and present comprehensive compensation analysis reports to senior management and key stakeholders.
• Assist in the development of compensation policies and guidelines, ensuring compliance with industry best practices.
• Stay up-to-date with market trends and changes in compensation regulations, providing recommendations for adjustments to compensation programs.
• Provide guidance and support to HR business partners and managers on compensation-related matters.

Compensation Program Support:

• Participate in the design and implementation of annual salary review and bonus programs.
• Conduct job evaluations and salary surveys to ensure internal equity and external competitiveness.
• Collaborate with HRIS team to enhance compensation data management systems and processes.
• Assist in the development and delivery of compensation training programs for HR and management staff.

This job description is intended to provide a general overview of the position and does not encompass all the duties and responsibilities of the role. Additional tasks may be assigned as needed.

Qualifications

Education:

• Bachelor's degree in Human Resources, Finance, Business Administration, or a related field.
• Certified Compensation Professional (CCP) designation preferred

Experience:

• At least 5 years of experience in compensation analysis, data analytics, and incentive plan administration

Knowledge Skills and Abilities

• Strong understanding of compensation principles, practices, and trends, including knowledge of executive compensation and equity-based compensation plans
• Proficiency in compensation analysis and modeling techniques, utilizing tools such as Excel or specialized compensation software
• Solid knowledge of relevant laws and regulations governing compensation, including tax implications of equity-based compensation plans
• Excellent analytical skills, with the ability to interpret data and provide meaningful insights and recommendations
• Strong attention to detail and accuracy, ensuring data integrity in compensation analyses.
• Effective communication and presentation skills, with the ability to clearly convey complex compensation concepts to both technical and non-technical stakeholders
• Collaborative mindset, with the ability to work effectively in a cross-functional team environment
• High level of professionalism, integrity, and confidentiality when handling sensitive compensation information

Why choose a career at Mercury?

At Mercury, we have been guided by our purpose to help people reduce risk and overcome unexpected events for more than 60 years. We are one team with a common goal to help others. Everyone needs insurance and we can’t imagine a world without it.

Our team will encourage you to grow, make time to have fun, and work together to make great things happen. We embrace the strengths and values of each team member. We believe in having diverse perspectives where everyone is included, to serve customers from all walks of life.

We care about our people, and we mean it. We reward our talented professionals with a competitive salary, bonus potential, and a variety of benefits to help our team members reach their health, retirement, and professional goals.

Learn more about us here: https://www.mercuryinsurance.com/about/careers

We offer many great benefits, including:

• Competitive compensation
• Flexibility to work from anywhere in the United States for most positions
• Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours)
• Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus)
• Medical, dental, vision, life, and pet insurance
• 401 (k) retirement savings plan with company match
• Engaging work environment
• Promotional opportunities
• Education assistance
• Professional and personal development opportunities
• Company recognition program
• Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more

Mercury Insurance is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by federal, state, or local law.