Senior Compensation Analyst

Position Purpose:

The Senior Compensation Analyst at SRS Heritage Group is a critical role designed to enhance the administration and design of comprehensive compensation programs for our business clientele. This individual is responsible for conducting annual compensation benchmarking studies, analyzing and ensuring compliance and competitiveness of existing and proposed compensation initiatives, and optimizing compensation strategies to align with market trends and organizational goals. With a commitment to extraordinary customer focus and leveraging strong analytical and communication abilities, the Senior Compensation Analyst will deliver insightful analytics, develop ad-hoc reports, and champion continual improvements in compensation practices to ensure effective business partnering and organizational success.

Key Responsibilities:

• Lead the administration and innovative design of SRS Heritage Group's comprehensive compensation programs, ensuring alignment with corporate objectives and compliance with applicable regulations.
• Conduct and analyze annual compensation benchmarking studies to maintain SRS's competitive pay structure and ensure market alignment, leveraging industry data and insights.
• Evaluate and refine existing compensation policies and practices, ensuring they are cost-effective, competitive, compliant, and promote internal equity across all business units.
• Review and validate salary adjustments, ensuring adherence to established guidelines and corporate compensation strategy, while providing expert guidance to management on compensation decisions.
• Generate precise ad hoc compensation reports utilizing advanced functionalities in Workday and Excel to support strategic decision-making and compliance with Federal & State regulatory requirements.
• Proactively identify and recommend opportunities for process improvement in compensation practices, supporting continuous enhancement initiatives aligned with organizational goals.
• Collaborate cross-functionally with HR and business leaders, utilizing strong business partnering skills to influence compensation-related organizational changes and drive effective implementation.
• Maintain superior customer service standards through exceptional communication and organizational skills, addressing compensation-related inquiries and ensuring stakeholder satisfaction.

Direct Manager Direct Reports:

• The Senior Compensation Analyst reports directly to the Compensation Manager within the SRS Heritage Group. This position does not have any direct reports. The role is instrumental in supporting the company's compensation programs and leading special projects to enhance compensation initiatives while maintaining compliance and competitive standards. The incumbent will collaborate closely with cross-functional teams to ensure alignment of compensation strategies with business objectives.

Travel Requirements:

• The Senior Compensation Analyst position at SRS Distribution, Inc., operating within the SRS Heritage Group, requires occasional travel, as needed, to support the effective administration of compensation programs and special projects, ensuring alignment with organizational objectives and compliance standards.

Physical Requirements:

• The Senior Compensation Analyst position at SRS Heritage Group is primarily an office-based role that involves working in a professional business environment. This role typically includes prolonged periods of sitting at a desk and working on a computer. The candidate must be able to use standard office equipment such as computers, keyboards, telephones, photocopiers, and filing cabinets. The position may occasionally require standing, walking, bending, or lifting objects up to 10 pounds. This role also requires visiting the McKinney, TX headquarters 2-3 days per week as part of its hybrid structure. SRS Heritage Group is committed to providing reasonable accommodations to enable individuals with disabilities to perform essential functions, as needed, in compliance with the Americans with Disabilities Act (ADA).

Working Conditions:

• The Senior Compensation Analyst position at SRS Distribution, Inc. is structured as a hybrid role, fostering a blend of remote and in-office engagement. The role requires the incumbent to work 2-3 days per week at our McKinney, TX headquarters, facilitating collaboration and the integration of team-based initiatives. Within this dynamic setting, the atmosphere is characterized by a fast-paced, deadline-driven environment where precision and adaptability are vital to supporting the company's world-class HR capabilities. This structure ensures a balanced approach to productivity and collaboration, enabling the Senior Compensation Analyst to effectively execute their responsibilities while contributing to the organization’s strategic objectives.

Minimum Qualifications:

• Minimum Qualifications for Senior Compensation Analyst at SRS Heritage Group
• Bachelor’s degree in Business, Human Resources, Accounting, Finance, or a related field from an accredited university or college.
• Minimum of 5 years of experience in administering compensation programs within a large, multi-state organization.
• Demonstrated expertise in conducting compensation benchmarking studies to ensure competitive wage practices.
• Proficient in analyzing compensation programs to ensure compliance, competitiveness, and cost-effectiveness.
• Proven ability in overseeing the design and administration of various compensation programs, including base wage, annual incentive, performance-based incentive, and commission programs.
• In-depth knowledge of applicable federal and state regulations related to compensation practices.
• Experience with compensation survey sources/vendors such as Willis Towers Watson, Mercer, or Payfactors.
• Advanced proficiency in Microsoft Excel; placement will involve an Excel skills assessment.
• Demonstrated proficiency in Microsoft Office Suite, specifically MS Word and PowerPoint.
• Strong analytical skills with acute attention to detail and the ability to generate comprehensive compensation reports utilizing Workday and Excel.
• Exceptional interpersonal, communication, and organizational skills, with a strong customer service orientation.
• Critical thinking and problem-solving skills with a demonstrated ability to plan, prioritize, and partner effectively with business units.
• Ability to influence and drive successful organizational change initiatives.
• Certified Compensation Professional (CCP) designation is preferred but not required.

Preferred Qualifications:

• Advanced Analytical Proficiency: Demonstrated expertise in advanced statistical and data analysis techniques, with the ability to synthesize complex data sets into actionable insights, ensuring robust decision-making strategies in compensation design and implementation.
• Strategic Vision: Proven track record of developing and executing strategic compensation initiatives that align with organizational goals and drive performance, while fostering a competitive market position.
• Project Management Excellence: Extensive experience in leading and managing large-scale compensation projects, with strong project planning and execution skills, ensuring timely delivery and implementation.
• Technical Proficiency in Compensation Platforms: Expert-level proficiency in utilizing compensation management software and systems, including advanced capabilities in Workday and other renowned compensation platforms to drive efficiency and accuracy in compensation processes.
• Innovative Problem Solving: Skilled in identifying industry trends and innovative compensation solutions, bringing in creative approaches to address compensation-related challenges and opportunities.
• Cross-functional Collaboration: Demonstrated ability to build strategic partnerships and work collaboratively across various functions and levels within the organization, enhancing the effectiveness of compensation strategies through shared objectives and outcomes.
• Change Management Acumen: Proficient in leading organizational change efforts related to compensation practices, with a deep understanding of change management principles and methodologies to ensure smooth transitions and adoption of new systems or processes.
• Global Compensation Exposure: Experience working with multinational organizations and familiarity with global compensation practices, including management of international compensation structures and diverse regulatory environments.
• Advanced Certifications: Possession of additional certifications such as Certified Compensation Professional (CCP) or Global Remuneration Professional (GRP) demonstrating a commitment to continuous professional development and expertise in the field.
• Advanced Education: A Master’s degree in Human Resources, Business Administration, or a related field, providing a deeper theoretical background and strategic perspective on compensation trends and frameworks.
• These preferred qualifications will empower the ideal candidate to excel in the Senior Compensation Analyst role, supporting SRS Distribution, Inc. in its commitment to developing a world-class HR organization.

Minimum Education:

• A Bachelor's degree from an accredited university or college with an emphasis in Human Resources, Accounting, Finance, or a closely related field.

Preferred Education:

• A Master's degree in Human Resources, Business Administration, or a related field is desirable for enhanced expertise and strategic impact.

Minimum Years Of Work Experience:

• The Minimum Years of Work Experience required for the Senior Compensation Analyst role is five years, specifically in administering compensation programs for a large multi-state organization.

Certifications:

• Certified Compensation Professional (CCP) preferred.

Competencies:

1. Analytical Proficiency: Demonstrates expertise in analyzing compensation data, conducting benchmarking studies, and evaluating the effectiveness and compliance of compensation programs to ensure alignment with market trends and regulatory standards.
2. Communication Excellence: Possesses advanced interpersonal and communication skills to effectively convey complex compensation concepts to various stakeholders, facilitate organizational change, and support customer-focused outcomes.
3. Technical Aptitude: Shows proficiency in using Workday, Microsoft Excel, and other relevant software for generating detailed compensation reports, performing data analysis, and supporting compensation design and administration.
4. Regulatory Acumen: Maintains comprehensive knowledge of Federal and State regulations related to employer compensation practices, ensuring all compensation activities are compliant and risk-averse.
5. Project Management: Exhibits strong planning and prioritization skills, managing multiple compensation initiatives and special projects with flexibility and efficiency to meet organizational objectives.
6. Customer Service Orientation: Focuses on delivering extraordinary customer service by identifying improvement opportunities in compensation processes and implementing solutions that enhance stakeholder satisfaction and operational effectiveness.
7. Business Partnership: Engages in proactive collaboration with various departments to provide analytical insights and support, fostering a culture of informed decision-making and strategic alignment.
8. Change Implementation: Demonstrates the ability to influence and drive successful implementation of organizational changes related to compensation structures and programs.

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