Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Senior Compensation Analyst

Location Amelia, United States Job type Full-Time Work mode Remote Job level Professional Job ID 14253 Company Munich Re America Services Employment type Regular Area of expertise Human Resources
Apply Now
All locations Amelia, United States; Hartford, United States; New York, United States; Princeton, United States;

We have a great fully remote opportunity on the HR team for a Senior Compensation Analyst.

The Senior Compensation Analyst participates in the administration, analysis and delivery of compensation programs and processes. The role works collaboratively with Compensation Consultants and/or HR Business Partners, colleagues, and people managers to provide data analysis, market insights , job evaluations, and compensation recommendations in accordance with established compensation programs, policies and guidance. The role may independently lead defined recurring or annual compensation processes and projects within established frameworks.  

Functions:

  • Administer and independently manage assigned recurring compensation programs and processes, including incentive compensation, salary administration, accruals, surveys and related activities. May lead defined annual processes within established program parameters and timelines.

  • Participate in evaluating and classifying positions within the organization based on job content, market data, and organizational structure. Ensure job descriptions/profiles accurately reflect responsibilities and requirements and align with internal job grading framework. Escalate complex, unusual or highly sensitive job evaluations as appropriate.

  • Work closely with HR Business Partners, Talent Acquisition and hiring managers to review job descriptions, assign appropriate job levels, and ensure consistency in job classification.

  • Build relationships with internal stakeholders to understand their needs and address routine to moderately complex compensation-related concerns. Participate in communications for stakeholders on compensation matters and provide guidance and support to HR Business Partners, managers, and employees, escalating complex matters as appropriate.

  • Participate in administration of various compensation programs, including base pay, variable pay, and incentive plans. Provide guidance and recommendations on salary adjustments and promotions to ensure alignment with budgetary constraints and organizational goals. Administer salary adjustments, bonuses, and other compensation-related payments, ensuring accuracy and compliance with established policies and guidelines.

  • Maintain accurate and up-to-date compensation data in HRIS systems. Generate regular reports and presentations to provide insights into compensation trends, budget utilization, and compliance metrics. Present findings and recommendations to management, as needed.

  • Collect, evaluate, and interpret compensation data from internal and external sources to support decision-making processes. This includes conducting market research, benchmarking job roles, and analyzing and participating in salary surveys to ensure our compensation practices remain competitive.

  • Identify opportunities and recommend ways to streamline processes, improve efficiency, and enhance the effectiveness of compensation programs. Proactively seek feedback from stakeholders and implement changes as needed to drive continuous improvement.

  • May partner with finance to develop and maintain annual compensation budgets and forecasts/accruals.

  • Monitor to ensure compensation programs comply with relevant legislation, such as the Fair Labor Standards Act (FLSA), and Equal Pay Act. Participate in governance processes to ensure consistency and fairness in compensation practices. Stay abreast of regulatory changes and make recommendations to ensure the company’s compliance.

  • Participate in regional and global compensation projects and independently lead defined workstreams or recurring projects as assigned.

Qualifications required:

  • Bachelor’s degree in human resources, Business Administration, Finance, or related field
  • 5+ years of experience in compensation analysis, administration, or related field
  • Demonstrated experience independently managing compensation processes or projects within established frameworks
  • Strong analytical skills with proficiency in Excel and data analysis tools
  • Knowledge of compensation principles, practices, and regulations
  • Experience working with HRIS systems and compensation software (e.g., SuccessFactors, SAP, or similar)
  • Experience working with CompAnalyst, MarketPay or similar survey data base preferred
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels.
  • Detail-oriented with a commitment to accuracy and confidentiality

The salary range for this position is $123,300-$192,800 plus opportunity for company bonus of up to a percentage of eligible pay.  In addition, the company provides a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, a retirement savings plan, paid holidays and paid time off (PTO). 

The salary estimate displayed represents the typical salary range of candidates hired. Factors that may be used to determine your actual salary may include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

At Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Apply Now

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.