• Compensation Analyst

    Philadelphia Insurance Companies (Bala Cynwyd, PA)


    Description

    Marketing Statement:

    Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best.

     

    We are looking for a Compensation Analyst to join our team!

    Summary:

    Provides a full range of compensation analysis and program administration services, including salary and variable pay administration, job classification and evaluation, survey participation and job description development.

     

    Researches, collects and analyzes internal and external data for benchmarking, compensation reporting and decision making.

     

    Assists in the administration of compensation projects such as the annual compensation review process, systems implementations, performance management and bonus calculations.

     

    A typical day will include the following:

    + Participates in the annual compensation process, including assisting in the development of communication and training materials, preparing data for the compensation system/worksheets; training and advising managers, analyzing salary, bonus and long-term compensation recommendations to assist managers in the decision-making process to ensure that pay for performance targets are met.

    + Evaluates existing and newly created positions to determine placement in the appropriate salary grade based on competitive market data and internal comparisons and conducts exemption testing for compliance with the Fair Labor Standards Act.

    + Participates in salary surveys and performs competitive market analysis and benchmarking for salary review and planning.

    + Assists managers in developing and writing job descriptions and job profiles using job questionnaires, interviews with position incumbents, and discussions with management or supervisory personnel; develops job profiles in Workday

    Qualifications:

    + Bachelor’s Degree

    + Minimum of 5 years of Compensation experience; an equivalent combination of education and experience may be substituted

    + CCP, PHR or SPHR preferred

    EEO Statement:

    Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc. and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, sexual orientation and/or any other status protected by law.

    Benefits:

    We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities. If you enjoy working in a fast paced work environment with growth potential please apply online.

     

    Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at https://www.phly.com/Careers/default.aspx

    REQNUMBER: 10000264