Compensation Analyst

Description :

Where good people build rewarding careers.

Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.

Job Description

Executive Compensation is responsible for developing and administering compensation programs for officers across the Enterprise including incentive programs for all broad-based employees. Such programs need to attract, retain and motivate officers as well as comply with a complex regulatory environment (IRS, SEC, FAS, new legislation, etc.). Executive compensation works closely with Senior Leadership and supports the Compensation Committee of the Board of Directors and its independent compensation consultant to develop innovative and balanced programs that are aligned with shareholders’ interests and business objectives.

The Executive Compensation Senior Consultant I is responsible for assisting in delivering core executive compensation initiatives to internal clients by applying professional judgment, knowledge, and experience. The individual assists in the research, analysis, design, implementation, and administration of key compensation programs of the Company. In addition, the individual will assist in the implementation, management and development of innovative solutions that support the business unit strategy and design by applying thought leadership and their subject matter expertise. This includes project planning, execution, timing, functionality, quality, communication and cost. Projects may include (but are not limited to) survey administration, technology, communications and competitive pay benchmarking.

The individual will assist in delivering client and enterprise services. This individual will also assist or coordinate with one or multiple compensation accountabilities outlined below.

Executive Compensation and Employee Incentive Design, Planning, and Execution

Coordinate pay benchmarking projects for specific clients including job evaluation, internal and external analysis and recommendations.

Participate in the implementation, communication, and administration of either the annual or long term incentive plan for all eligible employees

Provide data for meeting materials for the Compensation Committee of the Board of Directors, including competitive data and plan design alternatives.

Conduct the research, analysis and design of specific core executive compensation initiatives including pay mix, incentive leverage, salary ranges, perquisites, etc.

Work closely with internal/external counsel on the annual proxy circular to provide compensation information that is disclosed in accordance with SEC regulations.

For specific clients and in conjunction with the Director, Executive Compensation, develop individual pay recommendations for newly hired or appointed executives or Investments professionals.

Support vendor relationship management.

Responsible for the completion of executive compensation surveys.

Project Management

May lead or Participate in moderate to complex projects covering key areas of executive compensation including changes to regulatory provisions, employee communication regarding executive and incentive compensation programs, analyzing effectiveness of current incentive plans, ad-hoc report and analysis requests.

Support the delivery of high quality projects on time and budget in a high paced environment.

Collaborate well with HR peers and business and/or functional experts.

Develop effective relationships with accounting, finance, HR, legal and the Company such that the impact of proposed changes to executive compensation programs are fully understood and articulated to Senior Management in advance.

Job Qualifications

Education: Bachelor’s Degree in Human Resources, Finance, Accounting or related area

Experience: 3-5 years of equivalent work experience; with a minimum of 1 year of compensation

Professional with good organizational, communication and administrative skills

Advanced knowledge of the Microsoft Suite of business software, including Excel

Intermediate to advanced analytical skills

Intermediate to advanced project management

Intermediate to advanced technical experience in compensation, finance or accounting

Prior experience in managing technology platforms and developing communications preferred but not required

Intermediate to advanced time management skills including ability to handle multiple projects, prioritize and organize

Good business writing skills

Ability to establish, manage and leverage relationships with internal and external partners

Creative thinking and problem solving

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Good Work. Good Life. Good Hands®.

As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life — including a generous paid time off policy.

Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.

Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

For jobs in San Francisco, please see the notice regarding the San Francisco Fair Chance Ordinance.

It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.


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