Job Summary
The Senior Compensation Analyst role is responsible for the administration and consultation of Patterson's compensation programs; evaluate, design, and implement market competitive programs, streamline processes, and engage in and lead compensation projects. This role consults to ensure that programs are communicated and administered timely and in compliance with applicable regulations. The role collaborates cross-functionally, shares knowledge on compensation programs, and works to either gain consensus or clarify differences. Areas of accountabilities may include: job evaluations, structure development, short-term incentives, sales compensation, equity, and executive compensation.

Essential Functions

Design, implement and administer compensation programs (i.e., base pay, bonus, sales compensation, equity) to drive market competitiveness; analyze market data and labor trends to recommend plan design enhancements; primarily U.S-based, may include international programs

Provide effective consultation to various audiences (i.e., HRBP's, Talent Acquisition, business leaders, etc.) and share knowledge on compensation strategies, best practices, and programs; collaborate and build understanding, find solutions to inquiries and issues, and consult on program design and options to ensure alignment with the compensation philosophy and total rewards strategy

Conduct job evaluations to drive internal and external equity; develop an understanding of the jobs and organizational structures to formulate recommendations for pay grade, FLSA exemption, etc.

Lead the annual compensation process; provide effective project management for the overall merit, annual bonus and long-term incentive programs to include data audits, communications and resources, system testing, and effective cross-functional partnerships (e.g., Performance/Talent team, HR Technology, external vendors)

Lead assigned projects and support team projects to include providing subject matter expertise and thought leadership, preparing analysis, enhancements, and developing and presenting recommendations to leadership

Develop communications, resources and tools to drive engagement and understanding of compensation programs; present compensation-related materials as requested to various internal audiences (i.e., HR Business Partners, Talent Acquisition, Management)

Develop, document, and/or evaluate internal processes and reports and recommend enhancements to streamline workflow while ensuring compliance with regulatory requirements and Company compensation plan provisions

Maintain assigned SOX compliance controls; provide timely responses and documentation for internal and external audits

Maintain knowledge of state and federal regulations and requirements governing compensation programs and policies, and recommend appropriate courses of action based on updates in legislation, partner with the internal legal team to ensure compliance

Comply with Company and department policies and standards; performs other duties as assigned

Additional Responsibilities

May be accountable to assist with compensation surveys

May support equity-based programs, proxy compensation data preparation, and compensation committee materials

Minimum Requirements

Bachelor's Degree in human resources, finance, or other business-related field or equivalent education and/or experience

5 years combined experience in compensation, finance or human resources and

3 years experience with compensation program administration, design and analytics

Preferred Requirements

Sales incentive compensation design, modeling, and implementation (i.e., drafting plan documents, consulting)

Skills and Abilities

Demonstrated application of compensation fundamentals (e.g., market pricing, job evaluations, base pay and incentive administration, consulting principles)

Thorough knowledge of laws and regulations affecting compensation design and administration

Strong written and verbal communication skills; ability to consult and summarize analytics in a clear and concise manner

Excellent analytical and project management skills with demonstrated ability to take initiative

Demonstrated time management skills; ability to organize and prioritize work effectively, and adapt to changing priorities

Strong attention to detail and problem-solving skills; ability to exercise independent judgment and critical thinking

Strong proficiency in Microsoft Excel, PowerPoint, HR system such as Workday

Ability to work independently and effectively drive for results in a vastly work from home environment, as well as participate in and lead in a team environment

This role is open to primarily remote work with the requirement to come into the corporate office in Mendota Heights, MN twice a month for team meetings.