compensation Strategist
IAT Insurance Group, Naperville, IL, United States
IAT Insurance Group has an immediate opening for a Compensation Strategist located in Alpharetta, GA, Naperville, Illinois, Rolling Meadows, Illinois or Raleigh, North Carolina.
This role plays a key part in managing and enhancing the organization’s compensation programs. The individual will be responsible for administering and communicating compensation initiatives while providing subject matter expertise across multiple areas, including salary structure design and maintenance, base and variable pay administration, market survey participation, and job pricing. Additional responsibilities include conducting job analysis and evaluation, managing compensation systems, and delivering analytical insights to support strategic HR decisions.
The position also serves as a project lead for various compensation initiatives and is expected to research and apply best practices from the external market. Success in this role requires the ability to think strategically while effectively executing tactical responsibilities.
This role works a hybrid schedule Monday through Wednesday, with the option of working Thursday and Friday remotely.
Responsibilities
Participates in salary and benefit surveys and annually updates job specific market rates in accordance with the Company’s market pricing strategy.
Performs job evaluation and market pricing for new jobs and annually for existing jobs.
Assists in the development of compensation budgets. Tracks employee compensation costs against pre-set budget.
Administers the annual Total Cash Compensation Planning program in conjunction with payroll to include system design and set-up and various management roll up reports used to allocate base salary increases as well as bonus and incentive compensation.
Performs various compensation analyses to build compensation budgets, provide compensation, and determine internal and external pay equity.
Partners with management, HR Stakeholders and others to develop and communicate compensation programs.
Conducts appropriate employee training, to include Compensation Philosophy Training for managers and employees and any related systems training.
Leads all system updates for employee Total Rewards Statements and communication.
Oversees the Company recognition program.
Perform other duties as needed.
Qualifications
Must Have:
Bachelor’s degree with 8 years of related experience or equivalent.
Equivalent is defined as 12 years of relevant experience.
Relevant experience includes the following:
Compensation Program Design and Administration
Compensation Analysis
Job Evaluation/Market Pricing
Salary Structure Development and maintenance
Compensation Communication
Incentive Plan Design and administration
Project Management
Proficiency with HRIS systems
Excellent verbal and written communication skills.
Demonstrated ability to partner and collaborate with HR peers and business stakeholders.
Advanced problem‑solving skills required to research, analyze and troubleshoot data, process and workflow issues and the initiative to take action and bring issues to the forefront.
To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.
Preferred To Have
Workday experience.
Compensation
Please note, that the annual gross salary range associated with this posting is $72,560 – $157,950. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance‑based bonus opportunities, 401(K) match, profit‑sharing opportunities, and more.
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug‑free workplace and participate in E‑Verify.
We Offer Comprehensive Benefits Like
26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
7% 401(k) Company Match and additional Profit Sharing
Hybrid work environment
Numerous training and development opportunities to assist you in furthering your career
Healthcare and Wellness Programs
Opportunity to earn performance‑based bonuses
College Loan Assistance Support Plan
Educational Assistance Program
Mentorship Program
Dress for Your Day Policy
#J-18808-Ljbffr
This role plays a key part in managing and enhancing the organization’s compensation programs. The individual will be responsible for administering and communicating compensation initiatives while providing subject matter expertise across multiple areas, including salary structure design and maintenance, base and variable pay administration, market survey participation, and job pricing. Additional responsibilities include conducting job analysis and evaluation, managing compensation systems, and delivering analytical insights to support strategic HR decisions.
The position also serves as a project lead for various compensation initiatives and is expected to research and apply best practices from the external market. Success in this role requires the ability to think strategically while effectively executing tactical responsibilities.
This role works a hybrid schedule Monday through Wednesday, with the option of working Thursday and Friday remotely.
Responsibilities
Participates in salary and benefit surveys and annually updates job specific market rates in accordance with the Company’s market pricing strategy.
Performs job evaluation and market pricing for new jobs and annually for existing jobs.
Assists in the development of compensation budgets. Tracks employee compensation costs against pre-set budget.
Administers the annual Total Cash Compensation Planning program in conjunction with payroll to include system design and set-up and various management roll up reports used to allocate base salary increases as well as bonus and incentive compensation.
Performs various compensation analyses to build compensation budgets, provide compensation, and determine internal and external pay equity.
Partners with management, HR Stakeholders and others to develop and communicate compensation programs.
Conducts appropriate employee training, to include Compensation Philosophy Training for managers and employees and any related systems training.
Leads all system updates for employee Total Rewards Statements and communication.
Oversees the Company recognition program.
Perform other duties as needed.
Qualifications
Must Have:
Bachelor’s degree with 8 years of related experience or equivalent.
Equivalent is defined as 12 years of relevant experience.
Relevant experience includes the following:
Compensation Program Design and Administration
Compensation Analysis
Job Evaluation/Market Pricing
Salary Structure Development and maintenance
Compensation Communication
Incentive Plan Design and administration
Project Management
Proficiency with HRIS systems
Excellent verbal and written communication skills.
Demonstrated ability to partner and collaborate with HR peers and business stakeholders.
Advanced problem‑solving skills required to research, analyze and troubleshoot data, process and workflow issues and the initiative to take action and bring issues to the forefront.
To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.
Preferred To Have
Workday experience.
Compensation
Please note, that the annual gross salary range associated with this posting is $72,560 – $157,950. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance‑based bonus opportunities, 401(K) match, profit‑sharing opportunities, and more.
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug‑free workplace and participate in E‑Verify.
We Offer Comprehensive Benefits Like
26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
7% 401(k) Company Match and additional Profit Sharing
Hybrid work environment
Numerous training and development opportunities to assist you in furthering your career
Healthcare and Wellness Programs
Opportunity to earn performance‑based bonuses
College Loan Assistance Support Plan
Educational Assistance Program
Mentorship Program
Dress for Your Day Policy
#J-18808-Ljbffr