Senior Compensation Analyst

Patterson isn't just a place to work, it's a partner that cares about your success.

One of the distinguishing marks of our company is the talented people who embrace the people-first, always advancing, and results-driven culture. Professional growth abounds in this motivating environment. We value the diverse talents and experiences our employees bring to Patterson and believe that they build a stronger and successful organization.

Job Summary
The Senior Compensation Analyst role is responsible for the administration and consultation of Patterson's compensation programs; evaluate, design, and implement market competitive programs, streamline processes, and engage in and lead compensation projects. This role consults to ensure that programs are communicated and administered timely and in compliance with applicable regulations. The role collaborates cross-functionally, shares knowledge on compensation programs, and works to either gain consensus or clarify differences. Areas of accountabilities may include: job evaluations, structure development, short-term incentives, sales compensation, equity, and executive compensation.
Essential Functions

• Design, implement and administer compensation programs (i.e., base pay, bonus, sales compensation, equity) to drive market competitiveness; analyze market data and labor trends to recommend plan design enhancements; primarily U.S-based, may include international programs

• Provide effective consultation to various audiences (i.e., HRBP's, Talent Acquisition, business leaders, etc.) and share knowledge on compensation strategies, best practices, and programs; collaborate and build understanding, find solutions to inquiries and issues, and consult on program design and options to ensure alignment with the compensation philosophy and total rewards strategy

• Conduct job evaluations to drive internal and external equity; develop an understanding of the jobs and organizational structures to formulate recommendations for pay grade, FLSA exemption, etc.

• Lead the annual compensation process; provide effective project management for the overall merit, annual bonus and long-term incentive programs to include data audits, communications and resources, system testing, and effective cross-functional partnerships (e.g., Performance/Talent team, HR Technology, external vendors)

• Lead assigned projects and support team projects to include providing subject matter expertise and thought leadership, preparing analysis, enhancements, and developing and presenting recommendations to leadership

• Develop communications, resources and tools to drive engagement and understanding of compensation programs; present compensation-related materials as requested to various internal audiences (i.e., HR Business Partners, Talent Acquisition, Management)

• Develop, document, and/or evaluate internal processes and reports and recommend enhancements to streamline workflow while ensuring compliance with regulatory requirements and Company compensation plan provisions

• Maintain assigned SOX compliance controls; provide timely responses and documentation for internal and external audits

• Maintain knowledge of state and federal regulations and requirements governing compensation programs and policies, and recommend appropriate courses of action based on updates in legislation, partner with the internal legal team to ensure compliance

• Comply with Company and department policies and standards; performs other duties as assigned

Additional Responsibilities

• May be accountable to assist with compensation surveys

• May support equity-based programs, proxy compensation data preparation, and compensation committee materials

Minimum Requirements

• Bachelor's Degree in human resources, finance, or other business-related field or equivalent education and/or experience

• 5 years combined experience in compensation, finance or human resources and

• 3 years experience with compensation program administration, design and analytics

Preferred Requirements

• Sales incentive compensation design, modeling, and implementation (i.e., drafting plan documents, consulting)

Skills and Abilities

• Demonstrated application of compensation fundamentals (e.g., market pricing, job evaluations, base pay and incentive administration, consulting principles)

• Thorough knowledge of laws and regulations affecting compensation design and administration

• Strong written and verbal communication skills; ability to consult and summarize analytics in a clear and concise manner

• Excellent analytical and project management skills with demonstrated ability to take initiative

• Demonstrated time management skills; ability to organize and prioritize work effectively, and adapt to changing priorities

• Strong attention to detail and problem-solving skills; ability to exercise independent judgment and critical thinking

• Strong proficiency in Microsoft Excel, PowerPoint, HR system such as Workday

• Ability to work independently and effectively drive for results in a vastly work from home environment, as well as participate in and lead in a team environment

This role is open to primarily remote work with the requirement to come into the corporate office in Mendota Heights, MN twice a month for team meetings.

What's In It For You:

We provide competitive benefits, unique incentive programs and rewards for our eligible employees:

• Full Medical, Dental, and Vision benefits and an integrated Wellness Program.

• 401(k) Match Retirement Savings Plan.

• Employee Stock Purchase Plan (ESPP).

• Paid Time Off (PTO).

• Holiday Pay & Floating Holidays.

• Volunteer Time Off (VTO).

• Educational Assistance Program (Tuition Reimbursement).

• Full Paid Parental and Adoption Leave.

• LifeWorks (Employee Assistance Program).

• Patterson Perks Program.

EEO Statement

As a people-first company, Patterson promotes a culture that embodies and celebrates diversity and inclusivity. We believe our employees’ unique experiences and differences is what strengthens us and drives our success. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status.

We are Patterson. We welcome you.