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Compensation Analyst

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Visa

1mo ago

  • Job
    Full-time
    Junior & Mid Level
  • People, HR & Administration
    Accounting & Tax
  • Foster City
  • Quick Apply

AI generated summary

  • You need 2+ years of relevant experience, a Bachelor's in business/finance/accounting, strong Excel skills, solid analytical abilities, and excellent communication. CCP certification is a plus.
  • You will support salary administration, collaborate with Finance on financial reporting, develop budget models, conduct market benchmarking, and ensure data integrity for compensation processes.

Requirements

  • 2 or more years of work experience with a Bachelor’s Degree or an Advanced Degree (e.g. Masters, MBA, JD, MD, or PhD)
  • 3 or more years of work experience with a Bachelor’s Degree or more than 2 years of work experience with an Advanced Degree (e.g. Masters, MBA, JD, MD)
  • Bachelor's degree in business, Finance, or Accounting or equivalent experience
  • Experience in a compensation function, preferably within a public company
  • Advanced proficiency in Excel, Power BI, and other data analysis tools, with a collaborative approach to data analysis and problem-solving.
  • Must be customer-service oriented
  • Exceptional critical thinking and quantitative analytical skills, with a growth mindset focused on continuous learning and professional development
  • Strong organization, planning, and project management skills
  • Strong written, verbal and interpersonal relationship and communication skills
  • Demonstrated ability to multi-task and deliver results in a fast-paced, team-oriented environment, fostering a collaborative and supportive work atmosphere
  • Exceptionally resourceful, detail-oriented, discipline to deliver complete and accurate results
  • Actuarial or Accounting experience a plus
  • CCP - Certified Compensation Professional certification or progress towards CCP a plus
  • Workday Management System experience preferred
  • Salary.com’s CompAnalyst System experience preferred

Responsibilities

  • Collaborate with a cross-functional team to utilize your quantitative expertise in supporting the salary administration process, including the annual compensation review, salary increase budgets, bonus accrual/forecasting, equity planning, and structure adjustments
  • Collaborate with Finance to deliver data-driven financial accrual reports and projections with precision and accuracy
  • Develop sophisticated budget models and financial accrual reports with meticulous attention to detail and diligence, ensuring high accuracy through advanced quantitative methods and collaborative team efforts
  • Collaborate with leading market data vendors (e.g., Aon/Radford, Willis Towers Watson, Mercer) to leverage their insights and tools effectively
  • Serve as the subject matter expert for market data processes, tools, and timelines, utilizing platforms like Salary.com’s CompAnalyst and Workday
  • Facilitate a global benchmarking exercise across multiple regions and market survey vendors
  • Conduct cost modeling and impact analyses related to compensation program changes
  • Support development of global total rewards benchmarking insights
  • Monitor our data through robust validation and reconciliation processes to ensure optimal data integrity
  • Support compensation team during compensation planning process
  • Interface with Finance, HRIT, HR Systems, and Global Compensation teams to support day-to-day functions as well as project specific activities

FAQs

What is the job title for this position?

The job title is Compensation Analyst.

What is the primary focus of the Compensation Analyst role?

The primary focus is to support the global employee compensation program through budget modeling, financial reporting, benchmarking, and ad hoc analytics.

What educational background is preferred for this position?

A Bachelor's degree in business, Finance, or Accounting is preferred, along with additional experience in a compensation function.

How many years of experience are required for this role?

A minimum of 2 years of work experience is required, with a preference for 3 or more years.

What tools and software proficiency is required for this role?

Advanced proficiency in Excel, Power BI, and other data analysis tools is required.

Is there a specific certification that is beneficial for this position?

Yes, a Certified Compensation Professional (CCP) certification or progress towards it is a plus.

Will the Compensation Analyst work collaboratively with other teams?

Yes, this role involves collaboration with cross-functional teams, including Finance, HRIT, and Global Compensation teams.

What is the expected work schedule for hybrid employees?

Hybrid employees are expected to work in the office 2-3 set days a week, totaling around 50% or more of their time based on business needs.

How much travel is required for this position?

This position requires travel 5-10% of the time.

Is there a specific focus on data accuracy in this role?

Yes, ensuring the accuracy and integrity of all compensation and market data is a critical responsibility of the Compensation Analyst.

Does Visa offer a comprehensive benefits package for this position?

Yes, Visa offers a comprehensive benefits package that may include Medical, Dental, Vision, 401(k), FSA/HSA, Life Insurance, Paid Time Off, and Wellness Program.

What is the estimated salary range for this position?

The estimated salary range for a new hire into this position is $102,600.00 to $145,150.00 USD per year.

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Visa

Technology
Industry
10,001+
Employees
1958
Founded Year

Mission & Purpose

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our purpose is to uplift everyone, everywhere by being the best way to pay and be paid.