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Senior Compensation Analyst at State Board of Administation of Florida in Tallahassee, FL

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Description

The State Board of Administration of Florida (SBA) provides a variety of investment and trust services to various Florida governmental entities. A key responsibility is to manage the assets of the Florida Retirement System Pension Plan, which is one of the largest public pension plans in the United States. The SBA’s primary focus is on investment management as it does not administer pension plan benefits. The SBA is responsible for administering the FRS Investment Plan (a defined contribution plan), the Lawton Chiles Endowment Fund, the Local Government Surplus Funds Trust Fund (currently known as Florida PRIME), the Florida Hurricane Catastrophe Fund and a variety of smaller funds.

 

At the SBA, we recognize that it is the talented colleagues behind our investment and trust management services who enable us to prudently balance risk and rewards and adhere to the highest professional and fiduciary standards. We are committed to seeking individuals who will enhance our team by contributing both to our knowledge pool and to the ethics and integrity that underscore our services.

 

What we need

The SBA is currently seeking a Senior Compensation Analyst. The successful candidate will be responsible for coordinating the planning, development and implementation of compensation programs, including related policies and procedures, in order to be responsive to the organization's goals and competitive pay practices. The position is also responsible for assuring that compensation programs are consistently administered in compliance with SBA policies and government regulations.  This position reports to the Senior Operating Officer - Human Resources.

 

What you’ll do

  • Administer the compensation program

  • Facilitate annual increase processes, as applicable

  • Participate in and conduct both exempt and nonexempt salary surveys to ensure a competitive compensation structure.
  • Maintain and update pay structures based on market data

  • Maintain organization position descriptions; working with managers and other human resources colleagues to write and/or update position descriptions to reflect position requirements and responsibilities

  • Review requests for classification and make classification/pay level recommendations.
  • Maintain current knowledge of federal, state and local compensation laws and regulations in order to ensure compliance

  • Work with HR and IT staff to ensure the human capital management system meets compensation needs and is updated to reflect changes to pay structure and incentive compensation programs.
  • Assist other functional areas of Human Resources as requested or required.
  • Perform other duties as required or assigned by the Senior Operating Officer - Human Resources or the Chief Operating/Financial Officer.

What you should have

Minimum Qualifications:

  • Bachelor’s degree in business, human resources, finance, accounting or related field, and

  • Three years of experience in hands-on administration of compensation programs, or

  • A Certified Compensation Professional (CCP) certification or a master’s degree in business, human resources, finance, accounting or related field and two years of experience in hands-on administration of compensation programs.

Preferred Qualifications:

  • A master’s degree in business, human resource management or related field
  • Certified Compensation Professional (CCP) – strongly preferred
  • SHRM Certified Professional (SHRM-CP) or Senior Certified Professional (SHRM-SCP)

Knowledge, Skills and Abilities

  • Knowledge of HR principles and practices in compensation including participating in and designing compensation surveys and interpreting survey results

  • Thorough knowledge of MS Excel, Word and PowerPoint and database tools with a high level of proficiency

  • Experience with a HRIS such as PeopleSoft, Lawson or ADP, to include database design, structure, functions and processes

  • Effective organizational and interpersonal skills including written and verbal communication skills

  • Highly proficient in conducting research, analyzing information and data, problem solving and presenting findings in a concise format

  • Knowledge of organizational development, change management and quality principles

  • Knowledge of applicable Federal, State and local regulations, laws and/or statutes

  • Knowledge of job analysis and job evaluation principles, methods and procedures

  • Ability to work effectively in a team environment

  • Ability to use good judgement and discretion when working with confidential matters, material and situations

  • Understand and follow broad and complex instructions

  • Ability to interpret complex compensation plan documents

  • Effective negotiating skills

  • Efficient time management skills

What we offer

The SBA offers a competitive salary and an excellent benefits package including medical, dental, group life, short term disability, retirement and professional development opportunities.

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