Compensation Analyst

Industry:

Company: Sompo International Holdings Ltd.

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Compensation Analyst in our Total Rewards Center of Excellence within the HR team.

The Compensation Analyst role supports the development, implementation and administration of various global compensation programs, policies and processes, including but not limited to base pay administration, market pricing, survey participation, and year-end compensation cycle to support our ongoing alignment with our pay-for-performance philosophy. This position will report to the Global Compensation Manager.

Location: This position will be based in one of the following locations – Alpharetta GA, Charlotte NC, New York City or Purchase, NY. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

• Maintaining and enhancing our internal Compensation structure including maintaining job profiles, job grading, and solidifying a more formalized pay range and job progression structure.
• Supporting both our short-term and long-term Incentive plan philosophy and incentive plans.
• Participating in salary surveys and maintain our global benchmarking library to stay current on our company’s competitive position in the market and provide ad-hoc data and compensation analysis as needed.
• Partnering with HR Business partners to provide compensation benchmarking and consultation and to develop a deep understanding of job profiles and job responsibilities.
• Assisting in the company’s year-end compensation process to include:
  • Updates and enhancements to our on-line Compensation Planning Tool
  • Training for all compensation planners and HR Business Partners
  • Drafting of all year-end related communication to ensure stakeholders fully understands the process & timelines.
  • Analyzing and updating all final recommendations for review and approval by the CEO.
• Developing techniques for compiling, preparing, and presenting data.
• Ensuring compliance with global compensation laws and regulations while staying up to date with current and upcoming competitive market trends in our industry.
• Annual Reporting including UK Gender Pay Gap.
• Providing guidance on which roles are subject to FLSA exemptions.
• Liaising with Finance and Payroll on Japanese inpatriate pay administration.

What you’ll bring:

• Bachelor’s degree in business, human resources or related field and 3-5 years of experience in employee compensation.
• Strong analytical & collaboration skills and ability to interpret and communicate data.
• Strong proficiency in Excel and PowerPoint.
• Excellent time management skills and ability to plan and set priorities.
• Excellent verbal and written communication skills.
• Ability to use sound judgement and maintain confidentiality of sensitive information
• Highly organized, with strong ability to multi-task, meet deadlines and focus on priorities with attention to detail and a high degree of accuracy.
• Experience using Workday’s Advanced Compensation functionality and/or Payfactors Compensation Management tool a plus.

Salary Range: $85,000 – $115,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo International, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
• Pharmacy benefits with mail order options
• Dental benefits including orthodontia benefits for adults and children
• Vision benefits
• Health Care & Dependent Care Flexible Spending Accounts
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
• Company-paid Disability benefits with very competitive salary continuation payments
• 401(k) Retirement Savings Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Tax-Free Commuter Benefit
• Tuition Reimbursement & Professional Qualification benefits

In today’s world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo International, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo International is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.