Senior Compensation Analyst

Milbank LLP

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profile Job Location:

New York City, NY - USA

profile Monthly Salary: $ 120000 - 140000
Posted on: 6 days ago
Vacancies: 1 Vacancy

Job Summary

Overview

Position Summary:
The Senior Compensation Analyst is responsible for implementing the Firms compensation structures as well as designing and auditing the compensation structures to ensure they are competitive equitable and compliant with regulations. This role involves conducting market research analyzing compensation data and developing salary structures and addition this role will support compensation administration and execution of the firms various compensation programs helping to translate strategy to results. This role reports to the Director of Benefits & Compensation.
Scope:
This position includes job description evaluations FLSA determination base and variable pay administration survey participation market data analysis annual merit and bonus programs. The Senior Compensation Analyst provides input and recommendations for continuous improvement initiatives to ensure competitive pay scales and internal equity

Responsibilities

Performs annual compensation activities.
Ensures all pay practices in the US comply with federal state and local laws including emerging pay transparency and equity audit requirements.
Administers annual compensation programs and conducts compensation analyses.
Leads benchmarking studies maintains compensation databases and conducts pay equity analysis.
Develops and enhances compensation plans including implementation change management Firms cost impact and communication.
Serves as lead for new rewards program and initiatives.
Works with HR to evaluate business services roles to determine appropriate salary grades FLSA exemption statuses and job families.
Works with HR to drive compensation administration and data management in Workday.
Audits compensation data and processes to ensure accuracy and consistency.
Collaborates with HR colleagues to drive consistency across policies and methodologies.
Tracks and monitors compensation related trends and metrics.
Using data-driven recommendations partners with Human Resources to benchmark salaries for new positions promotions and market adjustments.
Assists in budget processes supports proposed compensation adjustments and provides recommendations as appropriate.
Manages compensation-related projects providing training to HR staff and managers and coordinating with internal and external stakeholders.

Qualifications

Bachelors degree with an emphasis in Human Resources Finance or a related field is preferred.
This position requires strong Microsoft suite skills with a particular emphasis on Excel and Workday experience.
Initiative-taker that exhibits good judgement to address or elevate as appropriate.
Strong analytical skills strong organizational skills attention to detail and the ability to communicate clearly to various stakeholders at the Firm.
High level of discretion
Ability to work independently as well as collaboratively.
Manage multiple tasks & meet deadlines in a fast-paced environment.

Compensation

The anticipated base salary range offered for this role will be between $120000 to $140000 and represents the firms good faith and reasonable estimate of the base compensation range. Actual base compensation will be dependent upon several factors including but not limited to the candidates relevant experience performance qualifications degrees and location as well as the needs of the firm.


Required Experience:

Senior IC

OverviewPosition Summary:The Senior Compensation Analyst is responsible for implementing the Firms compensation structures as well as designing and auditing the compensation structures to ensure they are competitive equitable and compliant with regulations. This role involves conducting market resea...
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About Company

Milbank is a premier international law firm handling high-profile, complex cases and business transactions through 11 offices worldwide. Driven to deliver

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