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Senior Compensation Analyst
Location: Remote (Eastern Standard Time Zone preferred)
Position Summary:
The Compensation Analyst will research job requirements and evaluate and maintain, job positions to ensure the company is competitive in the areas of salaries and employee benefits.
Position Responsibilities:
- Assess jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range.
- Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
- Prepare and maintain job classifications and salary scales.
- Collect and compile HR metrics and data from a variety of sources including the human resource information system (HRIS), competitors practices, and other sources.
- Prepare and present summary reports of job analysis and compensation analysis information.
- Interview and survey employees and managers to gather and document job, organizational, and occupational information including duties, responsibilities, and skills required by each job.
- Gather data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends.
- Evaluate and implement job analysis instruments and materials.
- Research employee benefits in similar industries; based on findings, recommends changes or updates to the company’s existing benefits or policies.
- Plan and communicate preferred methods and best practices for compensating and evaluating employees.
- Prepare reports of data results, presenting and explaining findings to senior leadership.
- Advise management on applicable state and federal employment regulations and compensation policies.
- Maintain HRIS job and compensation information.
- May conduct or assist with conducting classification audits to ensure that jobs are properly classified as exempt or nonexempt.
- May assist HR leadership with staffing, recruiting, and departmental budgets.
- Performs all other duties as assigned.
Required Skills/Abilities
- Excellent verbal and written communication skills.
- Strong analytical and problem-solving skills.
- Thorough understanding of local, state, and federal laws involving employment, HR, and HR policies.
- Proficient with Microsoft Office Suite or related software.
- Proficient with or the ability to quickly learn the organization's HRIS, payroll, and similar employee management software.
- Excellent organizational and time management skills.
Minimum Qualifications
- Bachelors degree in Business Administration, Human Resources or related field required.
- CCP, SHRM-CP or SHRM-SCP preferred.
- At least five years of experience as a compensation analyst required.
Physical Requirements:
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift up to 15 pounds at a time.
This position description is designed to be flexible, allowing management the opportunity to assign or reassign duties and responsibilities as needed to best meet organizational goals.
Salary Range
$89,000 - $110,000 USD
About Capital Rx
Capital Rx is a health technology company providing claim administration and technology solutions for carriers, health plans, TPAs, employer groups, and government entities. As a public benefit corporation, Capital Rx is executing its mission to materially reduce healthcare costs as a full-service PBM and through the deployment of Judi®, the company’s cloud-native enterprise health platform. Judi connects every aspect of the healthcare ecosystem in one efficient, scalable platform, servicing millions of members for Medicare, Medicaid, and commercial plans. Together with its clients, Capital Rx is reimagining the administration of benefits and rebuilding trust in healthcare.
Capital Rx values a diverse workplace and celebrates the diversity that each employee brings to the table. We are proud to provide equal employment opportunities to all employees and applicants for employment and prohibit discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, medical condition, genetic information, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
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