University of Maryland Medical System

Senior Compensation Analyst

Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Business Administration or Human Resources
  • 5+ years of experience as a Compensation Analyst
  • Expert-level Excel skills including advanced formula logic
  • Project Management experience
  • Experience in auditing and validating compensation data in a regulated healthcare environment
  • Certified Compensation Professional (CCP) preferred
  • HRIS database support experience preferred

Responsibilities

  • Lead implementation and administration of compensation programs
  • Support complex projects and compensation initiatives
  • Administer and test compensation tools and technology
  • Act as liaison to survey companies and manage salary survey questionnaires
  • Maintain vendor relationships for Compensation Market tools
  • Coordinate compensation project activities with HRIS and IT departments
  • Assist with equity and market adjustment analysis as needed

Benefits

  • Professional development opportunities
  • Collaborative work environment
  • Access to advanced compensation tools and technology
  • Opportunity to lead significant compensation projects
  • Support for certification and further education
Full Job Description
Job Requirements

Responsible for leading the implementation and administration of compensation programs. Leads projects and supports more complex compensation initiatives. Provides analytical support to Leaders and HR functions to ensure compliance with labor laws and ensures the accuracy and integrity of compensation data.

Primary Responsibilities
• Partners with Human Resource, Payroll and HRIS team members to ensure excellent customer service to the organization.
• Leads more complex projects. Participates and supports Compensation projects.
• Lead resource supporting Compensation tools and technology. Lead resource for testing functionality and influencing design. Administer compensation tools. Generates reports and ad hoc requests as requested.
• Liaison to the survey companies and key resource for the administration of salary survey questionnaires. Responsible for survey completion tracking and payment. Vendor relations connection for support questions, upgrades, and training. Facilitates the administration of market data in the market tool.
• Leads the vendor relationships and support of the Compensation Market tools. Administers and maintains the database with survey information and team member data. Provides reports as needed. May assist in job market pricing.
• Lead Compensation resource for HRIS support and is the liaison with the HRIS and IS&T departments. Coordinates the activities related to compensation projects and flow into the HRIS system.

Responsible for the accurate administration of job codes, years of experience, pay ranges/grades and other relevant compensation-related information.
• Is the liaison to the information utilized in the HR Dashboard and analytics that support Compensation Pay Practice decisions.
• Supports, explores, implements AI processes to enhance processes.

May support the Compensation Specialists and Consultants by supporting case management. May support job offer reviews and compensation cases that are more complex.
• May supports equity and market adjustment analysis and study of years of experience to provide cost and guidance on pay adjustment studies. Reviews salary administration problems/concerns such as internal equity issues and provides recommendations.
• Perform all other duties as assigned.

Work Experience

Education & Experience - Required
• Bachelors Degree in Business Administration/Human Resources
• Five or more years' experience as a Compensation Analyst
• Expert-level Excel skills, including advanced formula logic
• Project Management
• Experience auditing and validating compensation data with a high degree of accuracy in a regulated and complex healthcare environment

Education & Experience - Preferred
• HRIS database support experience preferred
• Certified Compensation Professional (CCP)

About University of Maryland Medical System

The University of Maryland Medical System (UMMS) is a university-based regional health care system focused on serving the health care needs of Maryland. It is headquartered in Baltimore, Maryland, USA. It is a private, not-for-profit organization that operates 13 hospitals and has more than 28,000 employees. The University of Maryland Medical System was created in 1984 when the state-owned University Hospital became a private, nonprofit organization. It has academic affiliations with the University of Maryland School of Medicine and the University of Maryland, Baltimore County. The system is governed by a Board of Directors, which is responsible for the system's strategic direction and oversight. The University of Maryland Medical System is committed to providing high-quality, cost-effective health care services to the people of Maryland.
Learn more about University of Maryland Medical System
Size
28,000 employees
Industry
Founded
1984
5 Year Trend
+2%
Revenue
$4.4 billion
NASDAQ

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