Compensation Manager

The Association is looking for a sole practitioner to manage the compensation function. Areas of responsibility include merit pay, performance/incentive awards, market evaluation and market pricing activities to ensure internal equity and external competitiveness, while adhering to the Association’s total rewards philosophy. The manager will provide analytical expertise, guidance and program interpretation to the HR managers and senior leaders. There may be project planning components related to compensation program development, alternative reward design and incentive program implementation and communication. This role may support the VP HR with executive compensation initiatives of the Compensation Committee of the Board of Directors.This position will report to the VP, HR and will be located in Chicago, IL.Essential Job Responsibilities:Administer compensation policies and guidelines and provide support to the HRBP and talent team as well as line management and senior management as required.Prepare market pricing analysis; establish standards. Activities include the matching of internal positions to external data using standardized surveys for purposes of making recommendations to management regarding base salary levels, appropriate grade assignment, total compensation opportunity, and/or hiring ranges for a given position.Participate in various compensation-related projects which involve revision, development and/or re-design of existing compensation programs.Ensure that the administration of various compensation programs are in compliance with established guidelines, processes, and procedures. This may include executive compensation, incentive compensation, annual merit review cycle, geographic differentials, etc., as well as federal, state and local laws.Work closely with the benefits function to ensure that the total compensation and rewards programs are complimentary and meet the unique needs of the Association. This includes at least annual reviews of programs and requirements, identification of gaps, recommendations for improvements, and cost-benefit analysis.Conduct and participate in compensation surveys or special compensation studies for purposes of maintaining the Association’s competitive position within the market place. This may require creation of market-specific surveys, establishment of target audience, communications, data collection, analysis, and feedback on results.Partner with the Senior Director, Benefit and HR Operations and HRIS Manager to ensure that compensation plan implementation is secure and the HRIS database is current. This would include timely and accurate payment processing and documentation.Prepare and or support the creation of comprehensive job descriptions, as needed. Maintain master database of job descriptions.Maintain credentials and membership with professional associations to keep current of trends within the market regarding compensation issues and legislative or regulatory trends.Requirements-Education/Experience/Specialized Knowledge and Competency Requirements:Bachelor’s degree with concentration in Human Resources, Business, Economics or Finance or equivalent combination of education and experience.Certified Compensation and/or Benefits Professional desired.5 - 7 years of progressive, relevant compensation analyst experience.Additional experience in a human resource department or related position other HR specialist experience a plus.Sound understanding of current state and federal wage laws, employer/employee rights and general employment laws.Strong analytical, statistical and mathematical skills required.Superior verbal and written communication and interpersonal skills, to interface with all levels of staff and leadership. Excellent presentation skills and an ability to engage audiences with credibility.Ability to effectively collaborate with others to reach mutually agreeable outcomes.Professional, self-motivated, and results oriented. Effective time management skills to meet deadlines.Professional presence with highest commitment to confidentiality, and a strong history of trustworthiness and approachability. Ability to multi-task and shift priorities in a changing environment.Minimal travel.Superior Excel/worksheet skills required. UKG, Power of BI/Business Intelligence, ADP Workforce Now, Google platform/Gmail, Word, PowerPoint desiredJob Title:

Compensation ManagerReports To:

Vice President, Human ResourcesLocation:

Chicago, IL - hybridStatus:

37.5 hours for full-timeGrade:

9

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