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Senior Compensation Analyst

Job DescriptionResponsibilities• Be a vibrant part of the Compensation team by supporting the company's compensation programs including base pay, short and long-term incentives, and other reward programs• Conduct market studies and analysis and recommend compensation structures to ensure internal equity, external competitiveness, and alignment to the company's compensation philosophy• Analyze, review, and develop materials related to the execution of all compensation programs• Prepare ad-hoc compensation analyses and partner with business leaders, HR Business Partners and Talent Acquisition on compensation related matters such as offers, promotions, and internal transfers• Assist in the administration of the annual compensation review cycle including managing timelines, auditing data, creating draft communications, delivering training, supporting compensation planning system, etc.• Assist in the preparation of Compensation Committee meeting materials• Manage participation in compensation surveys including conducting job evaluations to match positions against market survey positions• Administer job structures, compensation ranges, other compensation guidelines• Develop and maintain collaborative relationships with key partners in HR, Legal, Finance, Accounting and Executive Leadership• Contribute in compensation and cross-functional HR projects as neededRequirements• Bachelor's degree in Human Resources, Finance/Accounting, Business or related field preferred• 8+ years of progressive compensation experience• Excellent Excel skills• Strong Analytical skills and high attention to detail• Strong interpersonal, consulting and partnership skills• Ability to multi-task in a fast-paced environment• Effective verbal, and written communication skills• Collaborative team player• Resourceful self-starterSince 1986, Edelman Financial Engines has been committed to always acting in the best interests of our clients. We were founded on the belief that all American investors - not just the wealthy - deserve access to personal, comprehensive financial planning and investment advice. Today, we are America's top independent financial planning and investment advisor, recognized by both InvestmentNews[1] and Barron's[2] with 180+ planner offices across the country and entrusted by more than 1.1 million clients to manage over $181 billion in assets. Our unique approach to serving clients combines our advanced methodology and proprietary technology with the attention of a dedicated planner. Every client's situation and goals are unique, and the powerful fusion of high-tech and high-touch allows Edelman Financial Engines to deliver the personal plan and financial confidence that everyone deserves.For more information, visit EdelmanFinancialEngines.com and FinancialEngines.com.2019 Edelman Financial Engines, LLC All rights reserved. All advisory services provided by Financial Engines Advisors L.L.C. Financial Engines Advisors does not guarantee future results.1 Ranking and status for 2017. For independence methodology and ranking, see InvestmentNews Center (http://data.investmentnews.com/ria/).2 The Top 40 Independent Advisory Firm Ranking issued by Barron's is qualitative and quantitative, including assets managed, the size and experience of teams, and the regulatory records of the advisers and firms. Firms elect to participate, but do not pay to be included in the ranking. Investor returns/experience are not considered. 2018 ranking refers to Edelman Financial Services (EFS), which combined its advisory business in its entirety with Financial Engines Advisors L.L.C. (FEA) in November 2018. For the same survey, FEA received a precombination ranking of twelfth.[1] Ranking and status for 2017. For independence methodology and ranking, see InvestmentNews Center (http://data.investmentnews.com/ria/);[2] The Top 40 Independent Advisory Firm Ranking issued by Barron's is qualitative and quantitative, including assets managed, the size and experience of teams, and the regulatory records of the advisers and firms. Firms elect to participate, but do not pay to be included in the ranking. Investor returns/experience are not considered. 2018 ranking refers to Edelman Financial Services (EFS), which combined its advisory business in its entirety with Financial Engines Advisors L.L.C. (FEA) in November 2018. For the same survey, FEA received a precombination ranking of twelfth.Additional InformationAll your information will be kept confidential according to EEO guidelines.

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What You Should Know About Senior Compensation Analyst, Edelman Financial Engines

As a Senior Compensation Analyst at Edelman Financial Engines in Boston, MA, you'll play a crucial role in enhancing our compensation programs, which include base pay, short and long-term incentives, and more. Your analytical prowess will be put to the test as you conduct market studies and analyses, recommending compensation structures that prioritize internal equity and external competitiveness. Collaborating with HR Business Partners and business leaders, you'll provide insights on offers, promotions, and internal transfers, which are vital for maintaining a motivated workforce. Additionally, you'll assist in the annual compensation review cycle, ensuring everything from timelines to training sessions runs smoothly. Your contributions won't stop there; you'll help prepare materials for the Compensation Committee and manage participation in compensation surveys, conducting job evaluations along the way. You'll also have the opportunity to build relationships with key partners across HR, Legal, Finance, and Executive Leadership. In this fast-paced environment, your multitasking abilities and strong interpersonal skills will shine. With a bachelor’s degree in Human Resources, Finance, or a related field and over eight years of compensation experience, you’ll be poised to make a significant impact at Edelman Financial Engines, a company that has been a trusted name in financial planning and investment advice since 1986. Join us in our mission to provide clients with the personal and comprehensive financial guidance they deserve.

Frequently Asked Questions (FAQs) for Senior Compensation Analyst Role at Edelman Financial Engines
What are the responsibilities of a Senior Compensation Analyst at Edelman Financial Engines?

As a Senior Compensation Analyst at Edelman Financial Engines, your responsibilities will include supporting the company's compensation programs, conducting market studies, analyzing compensation structures, and preparing materials for Compensation Committee meetings. You will also assist with annual compensation reviews and collaborate closely with business leaders and HR partners on related matters.

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What skills are required for the Senior Compensation Analyst position at Edelman Financial Engines?

To excel as a Senior Compensation Analyst at Edelman Financial Engines, candidates should possess strong analytical skills, excellent Excel proficiency, and high attention to detail. Interpersonal and consulting skills are essential, along with the ability to multi-task in a fast-paced environment. Effective communication skills are also key for this role.

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How does a Senior Compensation Analyst support compensation programs at Edelman Financial Engines?

A Senior Compensation Analyst at Edelman Financial Engines supports compensation programs by analyzing market data, recommending competitive compensation structures, and preparing analyses for management. You will also assist in the annual compensation review cycle and ensure that all processes align with the overall compensation philosophy of the company.

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What experience is preferred for the Senior Compensation Analyst role at Edelman Financial Engines?

Edelman Financial Engines prefers candidates for the Senior Compensation Analyst position to have a bachelor's degree in Human Resources, Finance, or a related field, along with 8 or more years of progressive compensation experience. This foundational knowledge is crucial for understanding the complexities involved in managing compensation packages.

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How does Edelman Financial Engines ensure internal equity and external competitiveness in compensation?

Edelman Financial Engines ensures internal equity and external competitiveness by conducting thorough market analyses and studies, which involve evaluating compensation packages against industry standards. The Senior Compensation Analyst plays a pivotal role in this process, making recommendations that align to the company's compensation philosophy.

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Common Interview Questions for Senior Compensation Analyst
Can you describe your experience in conducting market studies for compensation analysis?

When answering this question, emphasize specific market studies you've conducted, highlighting your methodology. Discuss how you used the results to make compensation recommendations that supported internal equity and competitiveness.

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What tools do you typically use to analyze compensation data?

Mention specific tools like Excel, compensation management software, and data visualization tools you are familiar with. Discuss how these tools have enhanced your analytical capabilities and decision-making processes.

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How do you handle sensitive compensation data?

Share your approach to maintaining confidentiality and integrity when handling sensitive compensation information. Emphasize your understanding of data privacy laws and ethical guidelines in the industry.

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Can you give an example of a time you recommended a successful change in compensation structure?

When answering, share a specific instance where your recommendations led to a measurable improvement in employee satisfaction or retention rates. Highlight the research you conducted to support your recommendation.

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What is your approach to collaborating with HR business partners?

Describe your teamwork approach, emphasizing the importance of communication and understanding the needs of different stakeholders. Provide an example of how collaboration improved outcomes in your previous roles.

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How do you ensure compliance with compensation regulations?

Discuss your knowledge of relevant compensation laws and regulations. Explain how you stay informed about changes in legislation and ensure that your analyses and recommendations comply with these standards.

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Describe your process for preparing materials for a Compensation Committee meeting.

Outline the steps you take to gather necessary data, synthesize it into clear presentations, and ensure that senior management understands key insights. Mention any specific tools or templates you use.

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How do you manage competing priorities in a fast-paced environment?

Provide examples of your time management strategies and how you prioritize tasks. Discuss any tools you use for tracking deadlines and communicating with team members.

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What strategies do you use to analyze and interpret compensation trends?

Discuss your analytical framework for identifying trends in compensation data. This could include comparing data points over time and assessing their impact on employee performance and satisfaction.

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How do you stay updated on industry trends and best practices in compensation?

Share your methods for professional development, such as attending industry webinars, participating in professional organizations, or reading relevant publications to stay current on compensation best practices and trends.

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For more than 30 years, Edelman Financial Engines has been committed to moving the financial lives of millions of people forward. We were founded on the belief that everyone deserves access to financial help delivered in their best interests – alw...

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December 8, 2024

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