UFG is currently seeking a Compensation Analyst II who will support the development and administration of the organization’s pay programs to ensure they are competitive, equitable, and aligned with business strategy. This role is responsible for researching, analyzing, and managing salary structures, incentive plans, and equity programs. The analyst partners closely with HR, finance, leadership, and external consultants to maintain internal consistency and market competitiveness.
Essential Duties & Responsibilities:
- Conduct job evaluations and market pricing to ensure positions are competitively aligned and internally equitable.
- Administer and maintain salary structures, pay ranges, and compensation guidelines based on market data and organizational strategy.
- Perform compensation analyses to support hiring, promotions, transfers, reorganizations, and retention recommendations.
- Support the design, administration, and annual execution of merit, incentive, and variable pay programs.
- Participate in annual compensation planning, salary budgeting, and market review activities.
- Administer executive compensation programs, including preparation of analyses, reporting, and governance documentation.
- Administer equity compensation, including grants, vesting schedules, transactions, reporting, and employee communications.
- Ensure compliance with federal, state, and local compensation regulations, including pay transparency and equal pay requirements.
- Partner with HR Business Partners, Talent Acquisition, Finance, Payroll, and business leaders to provide compensation guidance and consultation.
- Participate in compensation surveys and benchmark studies to evaluate market competitiveness and emerging compensation trends.
- Recommend process improvements that enhance efficiency, accuracy, and governance of compensation programs.
- Act as project lead and POC with various compensation vendor partners.
- Support continuous improvement efforts in compensation operations and systems and assist in developing and delivering training and resources for HR partners.
- Monitor FLSA and EEOC compliance and advise on appropriate action.
- Assist with other compensation related initiative & projects
Job Specifications:
Education:
- Bachelor’s Degree in appropriate discipline, preferably in Human Resources, Accounting or Finance
- Certified Compensation Professional (CCP) or working towards certification preferred
Experience:
- 3+ years of experience in a compensation analysis role within the insurance industry.
- Experience working in the compensation function at a large property & casualty insurance carrier. (1,000+ employees)
- Experience with a variety of compensation and HR software products preferred.
Knowledge, skills & abilities:
- Knowledgeable in a variety of compensation best practices and theories
- Knowledge of compliance and other regulations (FLSA, EEOC)
- Demonstrated ability to manage workflow and organize records
- Excellent written and verbal communication skills; presentation skills
- Demonstrated professional demeanor with the ability to maintain confidentiality
- Strong with Microsoft Office suite of products including but not limited to Excel.
- Ability to build and maintain positive relationships with management, peers, as well as external vendors
- Ability to be proactive and work independently as well as within a team
- Strong analytical and problem-solving skills
Working Conditions:
- General office environment
- This position may be full-time in a UFG facility, hybrid (flexible between office and home) or fully remote (working from home).
Pay Transparency Statement:
UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $71,000 - 94,000 annually, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data.
In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:
- Annual incentive compensation
- Medical, dental, vision & life insurance
- Accident, critical Illness & short-term disability insurance
- Retirement plans with employer contributions
- Generous time-off program
- Programs designed to support the employee well-being and financial security.
This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.
Equal Opportunity EmployerThis employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- Bachelor's degree in an appropriate discipline, preferably Human Resources, Accounting, or Finance
- 3+ years of experience in a compensation analysis role within the insurance industry
- Experience working in the compensation function at a large property and casualty insurance carrier with 1,000+ employees
- Knowledge of compensation best practices and theories
- Knowledge of FLSA, EEOC, and other compensation regulations
- Strong Microsoft Office skills, including Excel
- Strong analytical, problem-solving, organizational, written, verbal, and presentation skills
- Ability to maintain confidentiality and build positive relationships with management, peers, and external vendors
- Ability to work proactively and independently as well as within a team
- Certified Compensation Professional certification or progress toward certification
- Experience with a variety of compensation and HR software products
What We Do
Founded in 1946 as United Fire & Casualty Company, UFG Insurance (Nasdaq: UFCS) is engaged in the business of writing property and casualty insurance through its insurance company subsidiaries. Headquartered in Cedar Rapids, Iowa, UFG is licensed as a property and casualty insurer in 50 states, plus the District of Columbia, and is represented by approximately 1,000 independent agencies. A.M. Best Company assigns a financial strength rating of “A-” (Excellent) for the members of United Fire & Casualty Group, with a stable outlook, reflecting long-term balance sheet strength.
