Utica Mutual Insurance Company

Compensation Analyst

Utica Mutual Insurance Company$74K — $103K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 1-3+ years in Compensation or related HR experience, focusing on job evaluations and salary structures.
  • Preferred: 1+ years of experience with salary surveys, compensation tool administration, or market tool administration.
  • Bachelor's Degree or equivalent experience in a Compensation Role.

Responsibilities

  • Conduct job evaluations and establish classifications for salary grades based on analysis of salary surveys and internal data.
  • Develop and implement compensation structures and policies aligned with industry benchmarks.
  • Participate in salary surveys and conduct benchmark studies to maintain competitive compensation packages.
  • Collaborate with various departments to align compensation programs with business strategy and provide guidance on compensation-related issues.
  • Monitor compensation budgets, identifying strategies for competitive total rewards while managing expenses.
  • Compile and analyze business reports to support management decision-making and strategic planning.
  • Plan and coordinate data analysis projects, ensuring HRIS data integrity.

Benefits

  • Comprehensive Medical and Prescription Drug Benefits.
  • Dental and Vision Benefits.
  • Life Insurance and Disability Benefits.
  • 401(k) Profit Sharing and Investment Plan with employer contributions.
  • Health Savings Account (HSA) and Flexible Spending Accounts.
  • Tuition Assistance and Professional Designations support.
  • Company-Paid Family Leave and Adoption/Surrogacy Assistance.
  • Voluntary Benefits including Group Accident Insurance and Legal Protection.
  • Employee Referral Award Program and Paid Volunteer Day.
  • Wellness Programs and Personal Insurance Discounts.
Full Job Description
What you will do

Responsible for supporting the design, administration, and analysis of compensation programs that ensure internal equity, market competitiveness, and alignment with organizational objectives. This role conducts job evaluations, salary benchmarking, and compensation analyses while partnering closely with Talent Acquisition, HR, Benefits, Finance, and business leaders to provide data-driven compensation guidance. The position manages compensation-related projects, supports annual salary and incentive programs, maintains HR technology and reporting solutions, and delivers workforce analytics that inform strategic business decisions. Success in this role requires strong analytical skills, attention to detail, project management capabilities, and the ability to translate complex compensation data into actionable insights.

  • Conduct comprehensive job evaluations, establish job classifications, and determine appropriate salary grades by analyzing salary surveys and internal compensation data providing insights that drive internal equity and external competitiveness in decision-making.
  • Support the development, implementation and manage compensation structures and policies, ensuring alignment with industry benchmarks and organization goals.
  • Participate in industry salary surveys and conduct benchmark studies to keep compensation packages competitive.
  • Work closely with Talent Acquisition, Benefits, Finance, Human Resources Business Partners, and leaders to align compensation programs with business strategy providing guidance on compensation-related issues during recruitment, performance reviews and as business needs arise.
  • Monitor and manage budgets for compensation and identify strategies to provide competitive total rewards packages while managing expenses.
  • Compile and analyze business reports and translate data into relevant reports to be used for management to support decision-making and strategic planning related.
  • Plan, design, schedule and coordinate data analysis and ensure data integrity across HRIS systems.
  • Carry out small to mid-scale projects and initiatives from the planning state through implementation. Examples include - execution of annual salary budget and merit cycle in performance management tool, Worker's Compensation audit, calculation of annual 401(k) profit-sharing employer contributions and compilation and audit of incentive plan and payouts.
  • Support maintenance technology-based solutions, as well as designing end user interfaces and reporting.

What you need
  • 1 - 3+ years of Compensation or related HR experience involving job evaluation and salary structures
  • 1 or more years of experience participating in salary surveys, compensation tool administration, and/or market tool administration preferred.
  • Bachelor's Degree or equivalent experience in a Compensation Role.

Salary range:

$74,000 - $103,000
  • This position also comes with eligibility for Variable Compensation Bonus plan

The final salary to be paid and position within the internal salary range will take into consideration the individual's work experience, geographic location, education, certification(s) or additional qualifications, and scope and responsibilities within the role.

Benefits:

We believe strongly that talented people are core to our success and are attracted to companies that provide competitive pay, comprehensive benefits packages, career advancement and challenging work opportunities. We offer a Comprehensive Benefits Plan for full time employees that include the following:
  • Medical and Prescription Drug Benefit
  • Dental Benefit
  • Vision Benefit
  • Life Insurance and Disability Benefits
  • 401(k) Profit Sharing and Investment Plan (Includes annual Company financial contribution and discretionary Profit Sharing contribution based upon annual company financial results)
  • Health Savings Account (HSA)
  • Flexible Spending Accounts
  • Tuition Assistance, Training, and Professional Designations
  • Company-Paid Family Leave
  • Adoption/Surrogacy Assistance Benefit
  • Voluntary Benefits - Group Accident Insurance, Hospital Indemnity, Critical Illness, Legal, ID Theft Protection, Pet Insurance
  • Student Loan Refinancing Services
  • Business Travel Accident Insurance
  • Matching Gifts program
  • Paid Volunteer Day
  • Employee Referral Award Program
  • Wellness programs
  • Personal Insurance Discount

Additional Information:

This position is a full time salaried, exempt (non overtime eligible) position.

Apply now and find out what it's like to be a part of an amazing team, thrive in an exciting environment and work for a company you can be proud of. Once you complete your application, you can monitor your status in the hiring process by logging into your profile. A representative from our Talent Acquisition team will be in touch regarding any change in your candidacy.

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About Utica Mutual Insurance Company

Utica Mutual Insurance Company is a property and casualty insurance company that provides a range of insurance products to individuals and businesses. The company was founded in 1914 and is headquartered in New Hartford, New York. Utica Mutual Insurance Company is a subsidiary of Utica National Insurance Group, a mutual insurance holding company. The company has a strong financial position and is committed to providing excellent customer service.
Learn more about Utica Mutual Insurance Company
Size
1,000 employees
Industry
Net Income
$50 million
5 Year Trend
+2%
Revenue
$500 million
NASDAQ

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