Senior Compensation Analyst, Total Rewards (Contract)
Downtown Toronto (Hybrid - 2 Days Onsite)
Our client is seeking a highly analytical Senior Compensation Analyst to join their Total Rewards Centre of Excellence on a short-term contract assignment. This role is ideal for an experienced compensation professional who thrives in a fast-paced environment and brings deep expertise in compensation program design, financial modelling, job architecture, and market benchmarking.
Working closely with the Compensation COE and Talent Acquisition teams, you will provide strategic and operational support across compensation program design, complex compensation analysis, job evaluation, organizational grading, and compensation transformation initiatives.
Key Responsibilities
- Lead compensation analyses and develop recommendations related to salary structures, internal equity, job evaluations, retention challenges, and complex compensation decisions.
- Design and enhance compensation and incentive programs aligned with business objectives and market practices.
- Build and maintain detailed financial models, cost analyses, and scenario planning tools to assess the impact of compensation-related decisions.
- Conduct compensation benchmarking and market pricing using leading survey sources.
- Participate in compensation surveys and analyze market data to support compensation strategy and competitiveness.
- Perform job evaluations and provide recommendations related to job architecture, grading, leveling, and organizational alignment.
- Support ongoing job architecture and compensation structure transformation initiatives.
- Conduct pay equity analyses and support compensation compliance across multiple regions and jurisdictions.
- Develop business cases, presentations, and executive-level recommendations for HR and business leaders.
- Partner closely with Talent Acquisition on offer analysis, market competitiveness reviews, and hiring recommendations.
- Collaborate with Total Rewards, HR leadership, and business stakeholders to deliver practical, data-driven compensation solutions.
Qualifications
- 8-10+ years of progressive experience in Compensation and Total Rewards.
- Demonstrated expertise in compensation program design, incentive plan design, compensation strategy and administration, salary structure development, market pricing and benchmarking
- Knowledge of job evaluation methodologies and job architecture and organizational design
- Experience supporting grading, leveling, or job architecture transformations.
- Strong business acumen with the ability to identify compensation-related issues and develop practical recommendations.
- Proven experience influencing and advising stakeholders through organizational change.
- Experience working in complex, multi-stakeholder environments.
Required Technical Expertise
- Advanced Excel skills, including: Financial modelling, Scenario analysis, Data analysis and visualization
- Strong PowerPoint and presentation development skills.
- Ability to build business cases and translate complex data into actionable recommendations.
Market Benchmarking Experience
Experience utilizing and interpreting compensation survey data from one or more of the following is strongly preferred:
- WTW (Willis Towers Watson)
- Mercer
- Radford (Aon)
- Korn Ferry
- Gallagher
- Comparable market compensation survey providers
Certifications
- Certified Compensation Professional (CCP) designation, completed or in progress, is strongly preferred.
Ideal Candidate
We are seeking a hands-on compensation expert who combines strong technical compensation knowledge with exceptional analytical capabilities. The ideal candidate will be comfortable navigating ambiguity, challenging assumptions, evaluating compensation-related business issues, and providing thoughtful recommendations supported by financial analysis and market data. They will bring deep expertise in compensation design, job architecture, and market benchmarking while partnering effectively with HR, Talent Acquisition, and business leaders.
This job posting is for a current vacancy with our client.
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