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Specialist, Compensation Administration

Ridgefield Park, NJ 07660

Posted: 03/01/2021 Industry: Other Job Number: 11732

Job Description


Specialist, Compensation Administration

**W2 Contract** Remote to start, future onsite Ridgefield Park, NJ **

The role will be responsible for supporting the execution of compensation related processes and projects related to Bonus, Annual Cycle, STI and LTI. A primary contribution will be to support all aspects of the Quarterly and Semi-Annual Bonus process (MBO) process including but not limited to system preparation, file creation & interface, automation, process improvement, reporting, Executive reporting and analysis. Another primary contribution will be to support the streamline and automation of existing processes and transition to the proper HR support area such as the HR Shared Service Center or HR Transformation Team. The position will also be responsible to manage compensation inquiries from our employees and HR Business Partners, track and manage all aspects related to employee terminations such as system entries, payments, validations, approvals, repayments and internal correspondence. In addition, the job will require database tracking for all cash incentives and responsible for accounting and accrual reporting. The qualified candidate must be technically savvy with HRIS tools, Excel, Word and PowerPoint, and be able to analyze, innovate and multi-task, keeping several projects and processes moving forward while maintaining a high level of data integrity and focus on timelines. Candidate must be able to deal with change & ambiguity in a fast paced & innovative environment.

RESPONSIBILITIES
  • Develop project plan details and support process and project management efforts such as bonus cycle reviews, including annual cycle base salary increases and other projects.
  • Develop reports using data and information from a variety of sources to support Management.
  • Assist where needed in Workday set up for compensation business processes, configuration, auditing and reporting.
  • Support the development of compensation training materials for managers and HR teams.
  • Support quality assurance of compensation data in Workday and related systems and processes through development of audits and effective repeatable processes.
  • Support the development and documentation of compensation policies and procedures.
  • Support the development and reporting of budgets, which may include MBO and salary adjustments.
  • Support the team with audits, research and analysis for various compensation-related issues.
  • Other responsibilities or projects as assigned by management.
     

QUALIFICATIONS
  • Bachelor' s Degree with 5-7 years of related experience is required.
  • Strong Project Management experience.
  • Prior experience in Compensation, HRIS, and HR Analytics.
  • Strong mathematical aptitude and analysis skills for researching, analyzing, and developing compensation related programs and recommendations.
  • Works with HRIS team to coordinate and implement system changes.
  • Experience with system implementations, UAT, Business Requirements preferred.
  • Strong interpersonal skills in partnering proactively with all levels of internal and external personnel including employees, fellow team members and vendor or agency personnel.
  • Proficient in MS Office including Word, PowerPoint and intermediate Excel.
  • Knowledge of government regulations as they apply to HR areas, especially compensation and employment law preferred.

Job Requirements

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