Sr Compensation Consultant

Reposted Yesterday
Be an Early Applicant
2 Locations
Hybrid
77K-139K Annually
Senior level
Healthtech • Insurance
The Role
Advises business leaders on complex compensation issues, market trends, pay philosophy, pay equity, market pricing, and cost-impact scenarios. Builds dashboards and translates compensation data into actionable recommendations for HR business partners and stakeholders. Requires advanced Excel, Microsoft Office, market pricing, data visualization, and communication skills, with Workday compensation experience and CCP certification preferred.
Summary Generated by Built In

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.

Join HCSC and be part of a purpose-driven company that will invest in your professional development.

Job Summary

Acts as a primary advisor for assigned lines of business, providing expert guidance on complex pay issues and market trends. This role balances business-specific talent needs with organizational pay philosophy through advanced consultative partnership.

JOB REQUIREMENTS:

  • Bachelor’s Degree in HR, Finance, Business, or a related field and 5 years of relevant compensation experience.
  • Excel: Expert Microsoft Excel proficiency (e.g., VLOOKUPs, pivot tables, logic formulas, nested formulas).
  • Microsoft Office & Collaboration: Advanced proficiency in Microsoft Office Suite and Teams, utilizing collaborative features to co-author documents and facilitate consultative meetings with stakeholders.
  • Market Pricing Tools: Advanced proficiency in with market pricing tools (e.g., MarketPay/Payfactors).
  • Data Visualization: Proficiency in building dynamic data visualizations and dashboards that highlight pay parity, market gaps, and cost-of-impact scenarios.
  • Effective Communication: Ability to translate complex compensation concepts and market data into actionable insights for HRBPs and other stakeholders.

PREFERRED JOB REQUIREMENTS:

  • Pursuing or completed obtaining CCP
  • Experience in complex or highly regulated environments
  • Experience utilizing Workday for Compensation administration

This is a Flex (Hybrid) role: 3 days in office; 2 days remote.


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Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!

Pay Transparency Statement:

At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees.  Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards.

The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.

Flex employees are expected to be in the office a minimum of three days a week. Management will have discretion to modify an employee's weekly schedule for exigent circumstances.


HCSC Employment Statement:

We are an Equal Opportunity Employment employer dedicated to providing a welcoming environment where the unique differences of our employees are respected and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics. We are a drug-free and smoke-free workplace. Employment may be contingent upon successful completion of drug screening in accordance with applicable law.

Base Pay Range$76,600.00 - $138,500.00

Exact compensation may vary based on skills, experience, and location.

Skills Required

  • Bachelor’s degree in HR, Finance, Business, or a related field
  • Five years of relevant compensation experience
  • Expert Microsoft Excel proficiency, including VLOOKUPs, pivot tables, logic formulas, and nested formulas
  • Advanced proficiency in Microsoft Office Suite and Microsoft Teams
  • Advanced proficiency with market pricing tools such as MarketPay or Payfactors
  • Proficiency building dynamic data visualizations and dashboards
  • Ability to translate complex compensation concepts and market data into actionable insights
  • Pursuing or completed Certified Compensation Professional certification
  • Experience in complex or highly regulated environments
  • Experience using Workday for compensation administration

Health Care Service Corporation Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Health Care Service Corporation and has not been reviewed or approved by Health Care Service Corporation.

  • Retirement Support — A pension plan alongside a matching 401(k) is offered, an uncommon combination in the private sector. This combination is described as a standout element that helps retain employees.
  • Healthcare Strength — Healthcare options are broad, with multiple medical, dental, and vision choices, wellness incentives, and access to resources like on-site fitness centers and an EAP. These offerings add meaningful value beyond base pay.
  • Parental & Family Support — Paid parental leave (up to six weeks at full pay after one year), adoption assistance, and mothers’ rooms are available. These supports reinforce family needs alongside work commitments.

Health Care Service Corporation Insights

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The Company
HQ: Chicago, IL
13,563 Employees

What We Do

Imagine Something New, Something Different. Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), is the largest customer-owned health insurer in the nation and the fourth largest overall. Operating through our Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma and Texas (as well as a variety of affiliates and subsidiaries,) we are expanding access to high-quality, cost-effective health care. We are equipping members with information and tools so they can make the best health care decisions for themselves and their families. HCSC is continuously recognized as an employer committed to community, diversity and inclusion, training and development. HCSC is committed to pioneering the health care space in ways as effective as they are creative. If you are passionate about the impact you want to have through your work, with a desire to apply innovative thinking to new and emerging challenges, we encourage you to learn more about HCSC. Learn about what we stand for, how we work and the difference we’re making in the lives of our 15 million members. Join HCSC and discover what new ways of thinking can mean for you, your community, our customers and our organization. Divisions of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association.

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