What are the responsibilities and job description for the Compensation Analyst position at AAA Life Insurance Company?
Why join?
By joining AAA Life, you will have the opportunity to strengthen the name and reputation of the brand that millions have come to rely upon for financial piece of mind. We are company dedicated to our members and our employees! We value the unique attributes and contributions of our associates to foster an inclusive, collaborative and innovative workplace where all employees are engaged and feel they belong. Delivering our company’s promise to members is what drives each of our associates every day.
We offer a dynamic work environment, excellent benefits, and competitive compensation, that will allow you will exercise your potential to innovate, finding ways to increase efficiency and improve our business processes!
How will you contribute?
We are looking for a Compensation Analyst who will play a key role in crafting compensation strategies that support the attraction, retention, and engagement of top talent in a highly regulated and competitive market. You will lead market analyses, job evaluations, and compensation planning efforts to ensure internal equity and market competitiveness across both corporate and customer-facing roles. Your expertise will support business units such as underwriting, claims, actuarial, and sales.
How will you contribute?
- Conduct compensation benchmarking and market pricing using industry-relevant surveys and data sources (e.g., Willis Towers Watson, Mercer, Payscale, etc.).
- Analyze and evaluate roles specific to our field, including underwriters, actuaries, claims professionals, and sales agents.
- Partner with HRBPs and business leaders to develop compensation packages for roles across underwriting, actuarial, finance, IT, and customer service.
- Support annual compensation planning cycles including merit, bonus, and long-term incentive programs.
- Ensure compensation programs remain aligned with industry regulations and compensation disclosure requirements (e.g., pay equity, FLSA, DOL).
- Monitor trends in the insurance labor market to anticipate shifts in pay competitiveness.
- Conduct internal equity reviews and pay equity audits with an eye on compliance and fairness.
- Develop compensation reports, tools, and dashboards for executive leadership and HR partners.
- Serve as a compensation consultant to leadership, providing data-driven mentorship on job offers, promotions, and reorganizations.
- Participate in or lead compensation-related projects such as incentive redesign or total rewards program assessments.
- Product owner for sales compensation and commissions programs.
What do you offer?
- Bachelor’s degree in human resources, Business Administration, Finance, or a related field; or proven experience.
- 4-7 years of progressive compensation experience, preferably within the insurance, financial services, or a similarly regulated industry.
- Familiarity with roles and pay structures common in insurance (e.g., actuarial, claims, underwriting, agent/sales).
- Strong analytical and quantitative skills; advanced Excel required.
- Experience with HRIS/compensation systems such as Dayforce, Ceridian. Workday, SAP, Oracle, or SuccessFactors.
- Experience with compensation survey participation and analysis.
- Excellent communication, interpersonal, and consultative skills.
What can we offer?
- Enjoy a hybrid work environment that promotes work-life balance.
- Comprehensive medical, dental, and vision coverage starting from your first day.
- Employer 401k match and employer contribution to a pension plan.
- Generous PTO and paid parental leave to support your family needs.
- Opportunities for associate engagement in various social programs and community involvement initiatives backed by the company.