Compensation Analyst II

The next part of your journey is right around the corner — with The Standard.

A genuine desire to make a difference in the lives of others is the foundation for everything we do. With a customer-first mindset and an intentional focus on building strong teams across the nation, we’ve been able to uphold our legacy of financial stability while investing in new, innovative technologies that support the needs of our customers. Our high-performance culture focused on operational excellence thrives thanks to remarkable people united by compassion and a customer-first commitment. Are you ready to make a difference?

Job Summary

As part of The Standard’s Compensation team, the Compensation Analyst II will play a critical role implementing, accurately maintaining, and improving the Company’s compensation programs and structures.

This role performs job evaluations, maintains and responds to compensation surveys, performs compensation modeling and analysis at the direction of more senior staff, and collaborates with colleagues to maintain and improve the operation of the Company’s compensation programs. This position will also have a specific focus on maintaining executive compensation plans and data.

Principal Duties & Responsibilities:

60% Prepare and maintain compensation data for broad-based programs:

• Track and prepare data in response to annual compensation surveys, ensure review by appropriate senior team member, and ensure timely submission.
• Conduct audits and track compensation data for financial accruals, and other purposes as assigned.
• Perform job evaluations under the direction of more senior team members.
• Create positions and ensure job descriptions are properly documented and housed.
• Research, gather and prepare appropriate compensation data (salary, bonus, etc.) in a variety of formats and prepare cost or impact models as directed.

20% Maintenance of executive compensation programs:

• Responsible for audits and maintenance of accurate records for executive comp programs (including deferred compensation plan, long-term and short-term incentive plans, and base pay programs).
• Ensure accuracy of executive base and incentive information in Workday.
• Assist with preparation of analysis and reporting for Board of Director materials.
• Respond to Comp leader, executive, payroll, and other Finance team requests for information.

20% Project participation:

• May serve as a project participant in our annual compensation event (annual performance, merit, and incentive project) performing input and testing in our HRIS system (Workday) and audit tasks.
• Work with HR Business Partners and business lines on communication and implementation of compensation program changes including incentive/bonus plans and salary administration.
• Conduct research and modeling related to strategy development work as assigned. Own moderately complex process improvement initiatives.

Skills and Background You’ll Need

• EDUCATION: HS Diploma or GED is required. A Bachelor’s degree in HR, Finance, or Business is preferred.
• EXPERIENCE: 4+ years of experience with Excel and extracting data from HRIS (or other systems) and analyzing data using a variety of formulas, pivot tables, V and/or X-Lookups. 2+ years of experience in an HR or Finance function.
• Prior experience with Workday preferred.
• A high attention to detail, excellent ability to analyze data using Excel, and organized/analytical mind will be highly sought after in this role.
• Ability to work independently or collaboratively when needed, and proven history in achieving deliverables within tight timeframes.

Key Behaviors of a Successful Candidate

• Adaptability - Quickly and resourcefully adapts to multiple changing work demands by adjusting team priorities to fit new circumstances. 
• Improvement Mindset - Recognizes opportunities for improvement between teams or functions;  address problems and makes suggestions for ongoing improvement. 
• Customer Focus - Takes the extra step to anticipate customers’ needs and immediately takes action to resolve breaks in service or mistakes to satisfy customers. 

#LI-Remote

We have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented people who choose to work at The Standard. To ensure we can attract and retain the best talent, when you join The Standard you can expect:

• A rich benefits package including medical, dental, vision and a 401(k) plan with matching company contributions

• An annual incentive bonus plan

• Generous paid time off including 11 holidays, 2 wellness days, and 8 volunteer hours annually — PTO increases with tenure

• A supportive, responsive management approach and opportunities for career growth and advancement 

• Paid parental leave and adoption/surrogacy assistance

• An employee giving program that double matches your donations to eligible nonprofits and schools

In addition to the competitive salary range below, our employee-focused benefits support work-life balance. Learn more about working at The Standard.

• Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on a variety of factors including individual and organizational performance.

Salary Range:

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender identity, sexual orientation, age, disability, or veteran status or any other condition protected by federal, state or local law. The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.