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Senior Compensation Analyst

Company: Blue Shield of California
Location: Oakland
Posted on: May 9, 2022

Job Description:

SummaryThe role of the Senior Compensation Analyst is critical to the success of Blue Shield of California and the Human Resources department in realizing its goals and objectives. The Compensation function within Blue Shield of California (BSC) is an in-house center of expertise and consulting team. This team provides leadership and guidance in the development and delivery of effective compensation strategies and policies that support BSC's goals, and are in alignment with enterprise values, philosophy and strategic direction. The Senior Compensation Analyst will provide counsel and recommendations to the business to ensure understanding and effective use of our compensation programs.Responsibilities

  • Refine and administer compensation programs in alignment with Blue Shield's mission, vision and business objectives, while informing programs with a market-competitive lens
  • Maintain the job structure framework through the job evaluation process, ensuring that positions are evaluated against the established set of criteria and are leveled consistently across the organization
  • Manage the company's base pay programs through participating in salary surveys, and analyzing and interpreting market data to develop recommendations related to promotional guidance, market adjustments, grade assignments and salary structure movement
  • Administer short-term and long-term incentive plans in accordance with plan documents including accrual and budgeting process, termination payout administration in accordance with the plan, and maintaining thorough documentation
  • Drive end-to-end activities related to the compensation workstream component of the annual review process (Year End process) which includes merit budgeting, salary structure analysis, incentive planning, partnering on Year End system enhancements, communications, reporting activities and general project management
  • Act as a subject matter expert in advising business leaders and HR partners as it relates to interpreting compensation policies, guidelines and plan documents and prepare analysis and reports to support this consulting as appropriate
  • Enhance policies, practices and procedures that are consistent with our compensation philosophy
  • Maintain and apply knowledge related to compliance and government regulations regarding pay, including California wage requirements and the FLSA statute
    Knowledge and ExperienceThe successful candidate will be a "business-minded" HR professional who is a creative problem solver and has the ability to influence and partner with all levels of management, including senior executives. He/she will be a demonstrated change leader who can drive strategy and execution and persuasively communicate to gain support.
    • Bachelor's degree with emphasis in human resources, mathematics, finance or economics preferred
    • Minimum of 5 years of compensation experience required (or relevant experience)
    • CCP certification preferred
    • Proficient with Microsoft Office suite, with advanced knowledge of MS Excel
    • Experience providing compensation consulting to a line of business
    • Experience driving an annual compensation review process
    • Experience working in a healthcare organization preferred
    • Experience with Oracle HRIS preferred

Keywords: Blue Shield of California, Oakland , Senior Compensation Analyst, Accounting, Auditing , Oakland, California

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