Compensation Consultant

Company: Securian Financial
Location: Minnetonka
Posted on: January 25, 2023

Job Description:

At Securian Financial, we are committed to building our team of associates, so that we can help our customers build secure tomorrows. As a Securian Financial associate, you're part of a hard-working, high-performing, bright-thinking, make-things-happen family. One that sees your potential on day one, challenging you to grow your unique strengths as you create a career filled with opportunity, collaboration, and meaning.

We are actively seeking a Compensation Consultant to join our HR Center of Excellences Compensation team. This position will be responsible for developing, implementing, and administering various pay programs and policies across the organization including base pay programs, variable pay programs, pay policies, and ad hoc compensation projects and programs. Furthermore, this position will ensure that all pay programs meet business needs and support overall HR and business strategy.

Responsibilities include:

• Lead and participate in annual compensation processes and programs including merit planning, incentive planning, sales incentive administration, salary survey participation, and pay equity analysis.
  
• Consult with HR Business Partners and business leaders on a variety of compensation topics including incentive design, job design, market pricing analysis, pay decisions, etc.
  
• Conduct job evaluations for new and changing roles while maintaining the integrity of Securians Career & Compensation Framework.
  
• Evaluate and maintain pay policies to ensure they are compliant with internal and external standards and recommend/ implement revisions, as needed.
  
• Partner with HR and technology teams to ensure that HRIS system and compensation software meet the needs of Securians pay structures and programs.
  
• Stay abreast market trends including new pay trends, regulatory changes, industry trends, and other hot compensation topics
  
  Desired Experience:
  
  
• 6+ years with experience in base pay design and administration, variable pay design, and market pricing practices
  
• Knowledge in compensation best practices and applicable regulations (FLSA, Wage Theft, etc.)
  
• Strong communication and interpersonal skills with ability to build relationships across all levels of the organization
  
• Strong analytical skills with the ability to communicate data findings and recommendations in a clear, concise manner
  
• Intermediate skills in Microsoft Excel, Word, and PowerPoint
  
• Detail-oriented; Problem- solver; self- starter
  
  Preferred Experience:
  
  
• Workday experience helpful, but not required
  
• Experience in insurance and/or financial services industry helpful, but not required
  
• Sales compensation experience helpful, but not required
  
• Bachelors Degree or equivalent experience
  
  **This position will be in a hybrid working arrangement.**
  
  Physical Job Requirements:
  
  
• Ability to work at least 40 hours per week
  
• Ability to utilize keyboard, mouse and computer for up to 8 hours per day
  
• Ability to utilize telephone for approximately 1-3 hours per day
  
• Ability to perform simple grasping including handwriting, paper manipulation, sorting, folding, etc. periodically throughout entire workday
  
  The physical job requirements described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of jobs.
  
  Securian Financial has been around for 140 years. Were committed to giving back to our community, donating 15,000 employee volunteer hours this past year. We also provide extensive resources to our employees for professional development and growth and a number of diverse professional and social opportunities throughout the company. Theres a reason our employees have voted us as a best place to work year after year! In addition:
  
  
• Generous paid time off. We want you to take time off for whatever matters most to you!
  
• Tuition reimbursement program. We value continuous learning at Securian!
  
• Company-funded pension plan as well as 401K retirement plan great resources to secure your financial future.
  
• Continuous opportunities for new challenges.
  
• Variety of health plan options as well as dental and vision plans.
  
• Paid maternity/paternity leaves.
  
  Securian Financial Group, Inc. does not discriminate based on race, color, creed, religion, national origin, sex, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance, status in a local human rights commission, or any other status or condition protected by local, state or federal law. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by telephone 651-665-5522 (voice), 711 (telecommunications relay), or by email at EmployeeRelations@securian.com.
  
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  PandoLogic. Keywords: Compensation / Benefits Consultant, Location: Minnetonka, MN - 55345 , PL: 559229847

Keywords: Securian Financial, Minnetonka , Compensation Consultant, Professions , Minnetonka, Minnesota