Compensation Advisor, Market Pricing & Compliance - Hybrid (Finance)
Provides expert content/professional leadership on complex Compensation assignments/projects. Experienced Compensation professional responsible for developing, implementing, and administering compensation programs. Communicates, trains, and provides guidance and tools to HR to help support business managers.Participates in administration and i mplementation of the annual compensation review process to achieve compensation objectives. Serves as market expert regarding specific market compensation issues. Exercises considerable creativity, foresight, and judgment in conceiving, planning, and delivering initiatives. Uses deep professional knowledge and acumen to advise functional leaders. Focuses on providing thought leadership within Compensation but works on broader projects, which require understanding of wider business. Recognized internally as a subject matter expert.
This role requires the ability to interact with a wide variety of stakeholders both internal and external, across a complex and dynamic business environment.
Key Responsibilities include:
- Drive the market pricing process and the integrity of Market Pay for the enterprise.
- Participate in compensation surveys.
- Assess survey results and load updated results into MarketPay annually.
- Develop and review salary structures and market ranges, market and employee data analysis and modeling. Benchmark compensation practices.
- Interpret market compensation data and perform analysis to ensure competitive positioning within the market, making recommendations as required.
- Conduct in-depth analysis of compensation related data.
- Responsible for compliance related activities and reporting (SCA, Union, FLSA, etc.).
- Lead monthly, quarterly and annual compensation data audits.
- Keeping abreast of any changes to reward related regulatory requirements, conducting impact analysis and developing recommendations to ensure compliance.
- Develop and maintain compensation policies in ServiceNow.
Skills and Experience:
- Bachelor's degree required
- 5+ years Compensation or other relevant experience with background in market pricing preferred, within a global or Fortune 500 organization.
- Must be detail oriented with strong, solution driven analytical skills to summarize and analyze big data sets.
- In-depth experience of job analysis and pricing, including survey participation, analysis and job levelling preferred.
- Strong customer focus and ability to effectively liaise with colleagues in multiple locations.
- Agile thinking and adaptable to manage multi-project activities, and demanding timescales.
- Exposure to emerging market environments with varying approaches to compensation program design.
- Strong project management.
- Proficient IT skills, including advanced Excel knowledge, and experience of HRIS integration and reporting. Workday experience preferred.
If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.
About The Cigna Group
Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we're dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. Join us in driving growth and improving lives.
Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.
If you require reasonable accommodation in completing the online application process, please email: SeeYourself@cigna.com for support. Do not email SeeYourself@cigna.com for an update on your application or to provide your resume as you will not receive a response.
The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.
