What are the responsibilities and job description for the Compensation Analyst position at MAA?
Job Summary
The Compensation Analyst reports to compensation team management and coordinates and executes analytical projects for human resources with a focus on compensation and related total rewards programs. Primary responsibilities include research and analysis of HR programs and data; the design and generation of standard and custom reports, metrics and dashboards to generate insights and recommendations; collaboration as an internal consultant on a broad range of cross-functional HR projects.
The successful candidate will embody and work to reinforce MAA’s Core Values. Those values include:
Appreciating the uniqueness of each individual
Communicating openly and with integrity
Embracing opportunities
Doing the right thing at the right time for the right reasons
Duties and Responsibilities
Analyzes and contributes to the evaluation of total reward programs, including bonus and commission incentive plans, pay differentials, and other recognition and rewards. Researches and analyzes market data to benchmark best practices and competitive positioning. Identifies and prioritizes recommendations to improve and maintain market competitiveness.
Acquires and maintains advanced reporting and data visualization principles, practices and tools. Develops and prepares high quality analysis, reporting and presentations. Gathers and documents business requirements and identifies potential solutions and recommendations. Designs and generates standard and ad-hoc reports to analyze and provide insights and interpretation to enhance decision making and problem solving.
Participates in the continuous development, adoption, testing and maintenance of HR processes and systems. Documents and maintains standard operating procedures and workflows for HR functions and business processes. Monitors HR technology trends, user communities and knowledge base to continually develop and promote capabilities and efficiencies.
Maintains awareness of federal, state and local wage and hour and other employment-related laws and regulations (e.g., Fair Labor Standards Act, EEO). Supports compliance with federal, state and local employment-related laws and regulations with reporting and by researching best practices and implementing process enhancements to improve efficiency and effectiveness.
Contributes subject matter expertise and consultative guidance to internal customers and cross-functional projects within HR and the company.
Maintains and enforces data integrity, accuracy and confidentiality for all Human Resources information systems. Conducts audits of data and processes to ensure data integrity and quality.
Performs other related duties as assigned to meet the needs of the business.
Required Qualifications
Bachelor’s degree and 2 to 4 years of experience in quantitative and qualitative analysis of human resources programs with a focus on compensation, benefits, payroll, and/or information systems required, or an equivalent combination of education and experience
Project management experience required
Preferred Qualifications
Corporate compensation and/or consulting experience strongly preferred
Experience with incentive compensation and/or sales performance management systems strongly preferred
Experience with Workday human capital management system strongly preferred
Certification in human resources or related field preferred (e.g., SHRM-SCP/CP, SPHR/PHR, CCP, CBP, HRIP)
Knowledge, Skills, and Abilities
Quantitative and qualitative analytical skills applicable to large data sets
Knowledge and skill to design reports, summarize and interpret data, draw conclusions and prepare recommendations
Intellectual curiosity and research skills applied to human capital data management and applications
Systems thinking and technological savvy to learn and apply business rules and processes
Knowledge of human resource principles and practices, especially base and incentive compensation
Knowledge of all employment laws and regulations, especially governing wage and hour practices (e.g., EEO, OSHA, FMLA, FLSA)
Business and financial acumen, including financial concepts and modeling
Skill and ability to clearly and concisely communicate verbally and in writing, including presentations with executive presence
Skill in applying critical thinking, analysis and problem-solving methods
Knowledge and skills to manage projects, organize, prioritize, and meet deadlines
Process management skills, including mapping and streamlining processes
Organizational skills to coordinate multiple projects, goals and objectives
Attention to detail and accuracy and data integrity
Flexibility and adaptability to change as well as a tolerance for ambiguity
Proficiency with Microsoft Office applications (Word, Excel, Outlook and PowerPoint)
Initiative and self-direction as well as the ability to collaborate as part of a team
Ability to maintain confidentiality and maintain appropriate discretion
Physical and Environmental Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.
This position requires the ability to occasionally lift office products and supplies, up to 20 pounds.
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
Disclaimer
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
The Compensation Analyst reports to compensation team management and coordinates and executes analytical projects for human resources with a focus on compensation and related total rewards programs. Primary responsibilities include research and analysis of HR programs and data; the design and generation of standard and custom reports, metrics and dashboards to generate insights and recommendations; collaboration as an internal consultant on a broad range of cross-functional HR projects.
The successful candidate will embody and work to reinforce MAA’s Core Values. Those values include:
Appreciating the uniqueness of each individual
Communicating openly and with integrity
Embracing opportunities
Doing the right thing at the right time for the right reasons
Duties and Responsibilities
Analyzes and contributes to the evaluation of total reward programs, including bonus and commission incentive plans, pay differentials, and other recognition and rewards. Researches and analyzes market data to benchmark best practices and competitive positioning. Identifies and prioritizes recommendations to improve and maintain market competitiveness.
Acquires and maintains advanced reporting and data visualization principles, practices and tools. Develops and prepares high quality analysis, reporting and presentations. Gathers and documents business requirements and identifies potential solutions and recommendations. Designs and generates standard and ad-hoc reports to analyze and provide insights and interpretation to enhance decision making and problem solving.
Participates in the continuous development, adoption, testing and maintenance of HR processes and systems. Documents and maintains standard operating procedures and workflows for HR functions and business processes. Monitors HR technology trends, user communities and knowledge base to continually develop and promote capabilities and efficiencies.
Maintains awareness of federal, state and local wage and hour and other employment-related laws and regulations (e.g., Fair Labor Standards Act, EEO). Supports compliance with federal, state and local employment-related laws and regulations with reporting and by researching best practices and implementing process enhancements to improve efficiency and effectiveness.
Contributes subject matter expertise and consultative guidance to internal customers and cross-functional projects within HR and the company.
Maintains and enforces data integrity, accuracy and confidentiality for all Human Resources information systems. Conducts audits of data and processes to ensure data integrity and quality.
Performs other related duties as assigned to meet the needs of the business.
Required Qualifications
Bachelor’s degree and 2 to 4 years of experience in quantitative and qualitative analysis of human resources programs with a focus on compensation, benefits, payroll, and/or information systems required, or an equivalent combination of education and experience
Project management experience required
Preferred Qualifications
Corporate compensation and/or consulting experience strongly preferred
Experience with incentive compensation and/or sales performance management systems strongly preferred
Experience with Workday human capital management system strongly preferred
Certification in human resources or related field preferred (e.g., SHRM-SCP/CP, SPHR/PHR, CCP, CBP, HRIP)
Knowledge, Skills, and Abilities
Quantitative and qualitative analytical skills applicable to large data sets
Knowledge and skill to design reports, summarize and interpret data, draw conclusions and prepare recommendations
Intellectual curiosity and research skills applied to human capital data management and applications
Systems thinking and technological savvy to learn and apply business rules and processes
Knowledge of human resource principles and practices, especially base and incentive compensation
Knowledge of all employment laws and regulations, especially governing wage and hour practices (e.g., EEO, OSHA, FMLA, FLSA)
Business and financial acumen, including financial concepts and modeling
Skill and ability to clearly and concisely communicate verbally and in writing, including presentations with executive presence
Skill in applying critical thinking, analysis and problem-solving methods
Knowledge and skills to manage projects, organize, prioritize, and meet deadlines
Process management skills, including mapping and streamlining processes
Organizational skills to coordinate multiple projects, goals and objectives
Attention to detail and accuracy and data integrity
Flexibility and adaptability to change as well as a tolerance for ambiguity
Proficiency with Microsoft Office applications (Word, Excel, Outlook and PowerPoint)
Initiative and self-direction as well as the ability to collaborate as part of a team
Ability to maintain confidentiality and maintain appropriate discretion
Physical and Environmental Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.
This position requires the ability to occasionally lift office products and supplies, up to 20 pounds.
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
Disclaimer
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
