Sr. Compensation Analyst

The Senior Associate Compensation at Discover provides counsel to HR generalists and business partners on compensation related matters, policies, practices and/or procedures. Our compensation team collaborates directly with the business to advise and execute on comp-related initiatives that can facilitate the achievement of each units immediate and long-term objectives. This role conducts market analysis and research to support compensation decisions and program recommendations to ensure competitive position (internal/external) for pay, retention and motivation. This role reports to the Senior Manager of Compensation Consulting.

Specific job activities include:
• Analyze job descriptions and specifications; apply job evaluation techniques to establish rates equitable within the organization and as compared to market. Assist with special salary requests for competitive salary offers.
• Respond to internal client requests, including custom report development and analyses of compensation issues. Propose solutions and work with internal clients to implement solutions.
• Manage compensation projects, including writing of proposals/recommendations, implementation and maintenance of cost effective and legally compliant compensation programs and practices.
• Participate in third party compensation surveys and provide continuous research with peer companies and similar external markets.
• Participate in the planning and administration of annual merit increase, bonus and long-term incentive process.
• Adhere to and ensure compliance with regulatory agencies, internal requirements and HR policies.
• Assist in the design of complex compensation reports. Demonstrate understanding of the requirements/data elements to create reports which streamline and support compensation programs.
• Define process improvement and best practice opportunities to current business/work processes.
• Document new procedures and business process work flow as relates to compensation.

Qualifications

• 3 or more years of progressive, broad based Compensation experience
• Bachelors Degree or Equivalent
• Certified Compensation Professional (CCP) preferred but not required
• Demonstrated experience working with advanced functions of MS Offices or related technologies (MS Access, Excel pivot tables, Vlookups, relational databases, etc.)
• Strong analytical and statistical skills
• Excellent interpersonal skills
• Ability to work independently yet handle multiple projects
• Excellent writing and presentation skills
• Ability to influence others without formal authority
• Demonstrated knowledge of FLSA We are an Equal Opportunity Employer and do not discriminate against applicants due to race, ethnicity, gender, veteran status, or on the basis of disability or any other federal, state or local protected class.