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Senior Compensation Analyst - Variable Pay - Remote Work Options Available

Company: Penske
Location: Reading
Posted on: May 16, 2022

Job Description:

Position Summary:
Penske's Corporate Compensation team is growing and is currently seeking a Senior Compensation Analyst focused on variable pay. This role will support the Director-Incentive Pay and Systems and will be actively involved in our incentive programs, including bonus, commission, merit and variable pay plans. The Senior Compensation Analyst will provide compensation analysis and consultation to all levels of management. Additionally, this position will provide guidance to managers on compensation policies and practices to ensure compliance and provide system support to end users when necessary.

Major Responsibilities:
• Provide compensation support and consultation to various corporate departments and field locations. This includes ensuring that pay actions are completed timely and within compensation guidelines.
• Lead and process annual bonus and monthly merit.
• Identify trends and develop recommendations to address any areas of opportunity.
• Assist in audits and reviews to ensure payment and eligibility compliance.
• Partner with the compensation team on variable, commission plans for new jobs to determine compensation structure.
• Partner with compensation of jobs and ranges for the organizations compensation program to evaluate internal equity, external competitiveness and legal compliance.
• Support new system implementations for employee and incentive compensation tools.
• Deliver training to HR and Managers to educate them on our compensation philosophy, practices and systems.
• Actively participate in projects that impact associate compensation and organizational hierarchy, offer compensation support when necessary.

Job Qualifications:
• Bachelor's degree preferred or relevant compensation experience.
• 6 years Compensation experience required, preferably in a multi-state environment.
• Experience with variable pay plans, budget and structure activities preferred.
• 3 years HR/Finance Analytics strongly preferred.
• CCP required or willingness to obtain within 2 years. PHR and/or SHRM-CP a plus.
• Internal Penske field experience a plus.
• Strong written and verbal communication skills.
• Advanced Excel skills required. Access and PowerPoint preferred.
• Regular, predictable, full attendance is an essential function of the job
• Willingness to travel as necessary, work the required schedule, work at the specific location required, complete Penske employment application, submit to a background investigation (to include past employment, education, and criminal history) and drug screening are required.

Physical Requirements:
-The physical and mental demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
-The associate will be required to: read; communicate verbally and/or in written form; remember and analyze certain information; and remember and understand certain instructions or guidelines.
-While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25lbs/12kg.
-Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.

Keywords: Penske, Reading , Senior Compensation Analyst - Variable Pay - Remote Work Options Available, Professions , Reading, Pennsylvania

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