Compensation Analyst

Chesapeake Utilities Corporation

Compensation Analyst

Location: Hybrid within service area states of DE, PA, MD, OH, VA, NC, FL, GA with periodic travel

What makes us great..

At the heart of our Company is a dedication to delivering energy that drives progress. We put people first, work to keep them safe and build trusting relationships.

Your role in our success:

This role is responsible for analyzing, designing, and administering compensation programs to support our ability to attract and retain talent, as well as ensuring market competitiveness and compliance. This individual will play an essential role in the development and execution of compensation strategies that align with the company's strategic goals, unique needs of our businesses, and reflecting industry best practices. This individual will work closely with HR Business Partners, department heads, and leadership teams to provide data-driven insights and recommendations related to employee compensation.

What you'll be working on...

Compensation Analysis & Benchmarking:

• Conducts annual salary surveys to determine alignment in salary structure and annual increases, as well as salary grade adjustments
• Reviews job descriptions ensuring that essential functions accurately reflect the position requirements; collaborates with managers and HR Business Partners on edits to ensure completeness and compliance
• Conducts compensation studies for all new and revised job descriptions to determine job title, grade and FLSA classification

Compensation Administration:

• Provides annual communication with all people leaders related to the process and timing of performance review ratings and correlation to salary increases, provides recommendation for senior officer increases, and advises people leaders to communicate salary increases to their teams. Submits final approved versions to payroll for processing
• Assists with the calculation of the annual TIP and other incentive program calculations, including short and long-term incentives for officers, as well as other reward programs
• Assists in the creation and maintenance of pay structures, job grading, salary bands and pay codes

Compliance, Reporting & Documenting:

• Assures organizational compliance with federal, state, and local compensation laws and regulations, to include, the Fair Labor Standards Act (FLSA) and the Employee Retirement Income Security Act (ERISA); assists payroll with the preparation of reports and/or applications required by federal and state law, to include, the IRS, DOL, and any other regulatory agencies.
• Assists, monitors, and audits the effectiveness of all existing compensation policies, guidelines and procedures for all business units within Chesapeake
• Reviews all compensation programs, including commission plans for compliance and consistency
• Prepares ad-hoc reports on compensation data, trends, and recommendations
• Assists in ensuring compliance with equal pay, labor laws, reporting requirements, etc.

Consultation as a Subject Matter Expert (SME):

• Provides advice and guidance to HR Business Partners, Recruiters and/or Business Unit Leaders on pay decisions, policy interpretation and job evaluation, including but not limited to the design of creative solutions to specific compensation-related matters
• Advises the collective bargaining agreement management negotiation team on all compensation related negotiations, as well as process negotiated salary increases, step increases, and obtaining/retaining proper documentation of such approvals
• Assists with the creation of materials to assist with educating people leaders on key compensation related concepts, may include videos, job aids, FAQ memos, etc.

Data Integrity:

• Manage compensation data, ensuring accuracy and integrity within the HRIS
• Collaborate with IT and HR teams to ensure the functionality and continuous improvement of tool related to the end-user experience while performing compensation tasks within the system

Process Improvement & Projects:

• Stay current on compensation best practices, trends, and regulatory changes in order to recommend updates to strategies
• Support and participate in special projects and initiatives, including but not limited to process improvements, compensation reviews, system enhancements, M&A due diligence, proxy support, etc.
• Support activities related to the administration of the Defined Benefit (DB), Defined Contribution (DC), and Non-Qualified Deferred Compensation Plan (NQDCP)
• Performs other duties as assigned by the Manager, Compensation & Retirement and/or the Director, Total Rewards

Who you are:

• High School Diploma or equivalent; Bachelor's Degree in HR, Business, Finance, or a related field preferred
• Three (3) years of experience in compensation analysis or related HR functions, preferably in a multi-state environment
• HRIS experience (preferably UKG and SAP systems)
• WTW job leveling experience preferred
• Standard Driver's License
• Certified Compensation Professional (CCP) required
• Extensive knowledge of compensation laws, practices, and compliance requirements, i.e. FLSA, 409A, etc.
• Application of advanced skills with the use of MS Office suite, including Word, Power Point, and especially Excel (VLOOKUP, pivot tables, etc.)
• Advanced mathematical aptitude and critical thinking skills
• Exceptional interpersonal skills
• Attention to detail in establishing priorities and meeting deadlines
• Excellent oral, written and communication skills, as well as exceptional listening skills
• Ability to work independently
• Ability to facilitate "seek to understand" conversations and to collaborate with people at all levels of the organization
• Ability to multi-task and prioritize in a fast-paced environment
• Ability to work with large datasets to analyze data, provide insights, and make recommendations in an understandable way

Where you'll be working:

• Remote work from home environment with travel to business locations periodically, as needed.

Benefits/what's in it for you?

• Flexible work arrangement
• Competitive base salary
• Fantastic opportunities for career growth
• Cooperative, supportive and empowered team atmosphere
• Annual bonus and salary increase opportunities
• Monthly recognition events
• Endless wellness initiatives and community events
• Robust and customizable benefit packages-choose what works best with your life. Options include generous 401k, medical, dental and life insurance, tuition reimbursement, compensated volunteer hours and MORE!
• Paid time off, holidays and a separate bank of sick time!

Chesapeake Utilities Corporation is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants with a disability that need assistance applying for a position may email careers@chpk.com