Senior Compensation Analyst to support all compensation recommendations with market intelligence for a large banking client - 49160
Job Type: Contract
Positions to fill: 1
Start Date: Mar 31, 2023
Job End Date: Mar 29, 2024
Pay Rate: Hourly: Negotiable
Job ID: 128177
Location: Toronto
Job ID: 49160
# of positions: 1
Duration: 1 year
Extension possible: possibility
Conversion Possible: possibility
Interview Process: 2 rounds – virtual or in-person
Work Location: hybrid – 2 days per week minimum in office
Description
Sr. Compensation Analyst. Compensation Advisory is a function within Global Total Rewards group. We are the in-house compensation consulting team that provides advice and tailored compensation solutions for each business group based on their respective strategy and business requirements.
The Sr. Compensation Analyst will report to the Senior Manager, Compensation Advisory, delivering professional research, high-quality analytics and technical services to one of lines of business that support the design, development, implementation and evaluation of compensation policies and programs. This role will support the Business Banking business.
Key accountabilities of this role include:
• Complete all aspects of the market intelligence process including research, end-to-end employee survey matching, data validation, interpretation and professional presentation of findings for line of business;
• Prepare detailed compensation analytics and models as needed to support both cyclical and ad hoc project-related deliverables;
• Support all compensation recommendations with market intelligence expertise and equity valuations;
• Monitor trends in the external market;
• Support the team of advisors with professional business-related research and analysis;
• Manage the forecasting process (including incentive plan inventory/modeling/plan analytics) to assist Finance in setting appropriate accruals by incentive plan and business.
MUST HAVE:
NICE TO HAVE
# of positions: 1
Duration: 1 year
Extension possible: possibility
Conversion Possible: possibility
Interview Process: 2 rounds – virtual or in-person
Work Location: hybrid – 2 days per week minimum in office
Description
Sr. Compensation Analyst. Compensation Advisory is a function within Global Total Rewards group. We are the in-house compensation consulting team that provides advice and tailored compensation solutions for each business group based on their respective strategy and business requirements.
The Sr. Compensation Analyst will report to the Senior Manager, Compensation Advisory, delivering professional research, high-quality analytics and technical services to one of lines of business that support the design, development, implementation and evaluation of compensation policies and programs. This role will support the Business Banking business.
Key accountabilities of this role include:
• Complete all aspects of the market intelligence process including research, end-to-end employee survey matching, data validation, interpretation and professional presentation of findings for line of business;
• Prepare detailed compensation analytics and models as needed to support both cyclical and ad hoc project-related deliverables;
• Support all compensation recommendations with market intelligence expertise and equity valuations;
• Monitor trends in the external market;
• Support the team of advisors with professional business-related research and analysis;
• Manage the forecasting process (including incentive plan inventory/modeling/plan analytics) to assist Finance in setting appropriate accruals by incentive plan and business.
MUST HAVE:
- 3+ Years Experience as a Compensation Analyst (employee or executive compensation or incentive design)
- Microsoft Office and Microsoft Excel (VLOOKUP, pivot tables, formulas)
NICE TO HAVE
- Working towards CCP (Certified Compensation Professional) designation would be considered an asset;