Compensation Manager - Oak Brook, United States - Inspira Financial

Inspira Financial Oak Brook, United States

1 week ago

Description

Job Description

Take the next step in your journey at Inspira Financial. You will help businesses and individuals thrive today, tomorrow, and into retirement. Become part of a company that is people centric and client obsessed in every interaction; a community of forward-thinking individuals focused on driving results to deliver our mission with an unwavering commitment to integrity. Join us as we strengthen and simplify the health and wealth journey – relentlessly pursuing better outcomes for all.

Don't meet every single requirement? Here at Inspira Financial, we believe there is no "perfect" candidate and want to encourage applying even if all the requirements listed aren't met. Our goal is to build an authentic workplace by valuing diversity in our candidates. We work to ensure that our team reflects the diversity of the businesses and clients we serve. We are always looking to expand our growing team with dynamic and enthusiastic individuals. If you enjoy a collaborative, fun environment that champions career development, Inspira Financial is the place for you We look forward to receiving your application Check out this Inspira Financial video to learn more about our company

HOW YOU WILL SOAR:

The Compensation Manager will report to the Head of Total Rewards in the Human Resources department. This role is responsible for implementing the compensation strategy, administering pay programs and policies, and conducting detailed compensation analysis.

Responsibilities:

Provide day-to-day administration of compensation programs, including base pay, short-term incentives, and commissions.
Lead the annual merit and mid-year compensation cycles including system preparation, employee communications, analysis, compensation statements, and HRIS uploads.
Partner with leadership to design employee compensation programs.
Partner closely with Finance to ensure compensation cycles align with annual budgeting.
Implement and maintain pay structures, grades, and guidelines.
Maintain job description library and job architecture.
Participate in compensation surveys, conduct research and analysis on market competitiveness, pay equity, and compensation trends. Lead the annual market refresh initiatives.
Manage role pricing and exemption test review for all positions.
Advise HRBPs, Talent Acquisition partners, and managers on making effective pay decisions that support employee engagement and comply with compensation policy and budgetary guidelines.
Design and prepare ad hoc compensation and budget reports for management.
Ensure company compliance with applicable compensation regulations and laws including reporting requirements.
Other duties as assigned.

IF YOU HAVE SOME OR ALL OF THE FOLLOWING, APPLY:

Education & Experience:

7+ years of experience in compensation including sales compensation and incentive plans. Direct experience with market data tool and salary surveys.
Bachelor's degree in human resources, finance, business, or related field.
Knowledge of key employment laws including federal and state regulations.

Skills & Abilities:

Strong attention to detail, focus on quality, and a customer service orientation.
Analytical, problem solving, and troubleshooting skills.
Superb organizational and project management skills.
Able to work both independently and in a team environment.
Proven written and oral communication skills.
Demonstrated Excel skills, including PivotTables, VLookup and formulas.
Consultative skills.

Inspira Financial provides health, wealth, retirement, and benefits solutions that strengthen and simplify the health and wealth journey. With more than 7 million clients, representing over $62 billion in assets, Inspira works with thousands of employers, plan sponsors, recordkeepers, TPAs, and other institutional partners — helping the people they care about plan, save, and invest for a brighter future. Inspira relentlessly pursues better outcomes for all with our automatic rollover services, health savings accounts, emergency savings funds, custody services, and more. Learn more at

We have been recognized for our remarkable growth on lists such as Crain's Fast 50 and Inc. 5000, and for our outstanding workplace culture and benefits with Built In's 2023 Best Places to Work and Gallagher's 2022 Best-In-Class Employer awards.

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