Senior Compensation Analyst

IPH is seeking a Senior Compensation Analyst who will report to the Principal Total Rewards at IPH. The Senior Compensation Analyst plays a key role in helping the business grow with M&A activity, while focusing on compensation projects that require strategic insight and collaboration across multiple groups. This role is responsible for the successful development and execution of compensation programs supporting Business Unit client groups, including the administration of sales incentive plans. 

The Senior Compensation Analyst requires a candidate who is customer focused, having experience supporting operations and sales client groups in addition to working in a matrix environment supporting multiple client groups at one time. The Senior Compensation Analyst must be an agile strategic thought partner interacting with People Partners and other internal departments, demonstrating expertise, professionalism, dedication, and empathy. Receptive to growth and change, the candidate thrives in dynamic environments, always remaining positive, professional, and solutions oriented. A successful candidate will have excellent written and verbal communication skills, be detail-oriented, and comfortable working with numerous stakeholders in an environment with considerable ambiguity. 

• Provide day-to-day compensation support to People Partners, Talent Acquisition, and business leaders across multiple client groups, ensuring alignment with market trends and internal strategies.
• Serve as a trusted compensation consultant, advising on external and internal offers to attract and retain top talent.
• Conduct benchmarking using third-party surveys and analytical tools, managing salary band structures to ensure competitive positioning in the market.
• Conduct job evaluations and leveling, including FLSA status determination, to ensure compliance with labor laws and fair pay practices.
• Support the development and implementation of competitive compensation programs that align with internal equity and external market benchmarks.
• Assist in the development, management, and administration of sales incentive plans, ensuring market competitiveness, proper documentation, internal controls, and reporting accuracy.
• Support the annual compensation review and merit process, providing strategic guidance on salary adjustments, as well as supporting the mid-year promotion process.
• Propose and present ideas effectively, in writing and verbally, to influence decisions and outcomes within tight timelines.
• Assist with M&A activities as needed, ensuring seamless integration of compensation programs.
• Assist with the development and administration of recognition and rewards programs that reinforce company culture and values.
• Assist with developing and executing effective communication strategies, increasing awareness and understanding of compensation programs.
• Use data and analytics to create business cases for change. Model competitive assessment dashboards to ensure ongoing market competitiveness of our pay practices.
• Assists in supporting benchmark survey submissions.

Qualifications:

• Bachelor’s Degree in Business Administration, Human Resources, or related field.
• 5+ years of experience in compensation design and/or sales incentive compensation design
• 8+ years working in an analytical capacity with experience in Microsoft Excel, Tableau, or Workday Advanced Compensation
• Excellent communications skills
• Strong analytical and project management skills
• Certified Compensation Professional (CCP) is a plus
• Experience managing compensation within the insurance industry is a plus