Senior Compensation Analyst

Position Summary

The Compensation Department at Milliman Global Corporate Services (GCS) is looking to hire a Compensation Analyst. The Compensation Analyst supports the development, analysis, and administration of the organization’s compensation programs.

Responsibilities

• Support the analysis of compensation programs, including base pay structures and incentive programs
• Aid in evaluating, benchmarking, and market pricing jobs the organization's jobs by documenting responsibilities and requirements in job descriptions
• Create recurring and ad hoc compensation reports and dashboards to support decision-making using the human resources information system
• Maintain and update job descriptions to ensure they remain current and aligned with business needs
• Support the firm’s annual year-end merit and incentive processes
• Help ensure compensation programs comply with applicable laws, regulations, and company policies
• Partner with practice and HR Business Partners on pay equity issues
• Engage and participate in compensation salary surveys
• Review UKG transactions and Milliman job postings to confirm alignment with the compensation structure
• Use Power BI to build, maintain, and enhance dashboards and visual reporting for compensation metrics, workforce trends, market data, and internal equity analysis
• Other duties as assigned

Skills & Qualifications

• Bachelor’s degree in Business Administration, Human Resources Management, Finance, or related field
• 4-6 years of compensation-related experience, including partnering with HR generalists, managers, and employees across the organization
• Previous experience supporting compensation, HR analytics, finance, or a related function
• Previous experience working in Microsoft Suite of products, but specifically Excel with formulas, vlookups, xlookups, etc. and comfortable working with large datasets
• Previous experience with recruiting systems and an understanding of how they operate for job postings, especially understanding the relationship between the recruiting system and pay transparency laws
• Previous experience with Power BI for reporting, dashboard creation, and data visualization
• The ability to maintain a high level of accuracy in preparing and entering information
• The ability to analyze data and translate findings into clear insights and recommendations
• The ability to have strong attention to detail and organizational skills
• The ability to have effective written and verbal communication skills
• The ability to manage multiple priorities in a deadline-driven environment

Preferred Skills & Qualifications

• Experience with compensation benchmarking or market pricing
• Familiarity with salary survey participation and compensation structures
• Experience maintaining or drafting job descriptions
• Experience working with UKG, CompXL, Salary.com, and Culpepper

About Milliman

Independent for over 77 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation. Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

Compensation

The overall salary range for this role is $78,800 - $145,130. For candidates residing in: Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Newark, San Jose, San Francisco, Pennsylvania, Virginia, Washington, or the District of Columbia the salary range is $90,620 - $145,130. All other locations the salary range is $78,800 - $126,200. A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

Benefits

We offer a comprehensive benefits package designed to support employees’ health, financial security, and well-being. Benefits include: Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners. Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges. 401(k) Plan – Includes a company matching program and profit-sharing contributions. Discretionary Bonus Program – Recognizing employee contributions. Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses. Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis. Holidays – A minimum of 10 paid holidays per year. Family Building Benefits – Includes adoption and fertility assistance. Paid Parental Leave – Up to 12 weeks of paid leave for employees who meet eligibility criteria. Life Insurance & AD&D – 100% of premiums covered by Milliman. Short-Term and Long-Term Disability – Fully paid by Milliman.