Compensation Specialist

Prequel is seeking candidates for a Compensation Specialist position with a flagship financial services company in the greater Pittsburgh area. This is a long term 16-month contract position and includes:

• W2 hourly pay rate in range of $30-$36 per hour, depending on experience
• Hybrid working model (2 days WFH, 3 days onsite in downtown Pittsburgh)
• Excellent Health Benefits Starting Day 1 of employment
• 401k with matching
• 8:30am-5pm workday, Monday through Friday

POSITION SPECIFICATIONS:

• Bachelor degree in Business Administration or equivalent required; HR certification preferred
• Minimum 3 years of experience in compensation administration including spreadsheet design and analysis required; Experience with databases and variable compensation plans with complex metrics preferred
• Knowledge of HRIS, Microsoft Office, and Fair Labor Standards Act (FLSA) regulations required; Knowledge of PeopleSoft and MS Access preferred

MAJOR DUTIES:

• Perform job evaluations and support the administration of the companys job documentation, analyses and grading programs. Meet with management to discuss aspects of positions, conduct external market data and internal equity analyses and recommend salary grades for positions.
• Ensure that job descriptions are current and accurate. Conduct job description reviews to determine the responsibilities, experience and skill requirements are appropriate.
• Conduct FLSA testing and prepare recommendations to ensure compliance.
• Maintain and update bonus program:
• Calculate bonus accruals
• Calculate annual bonuses
• Enter participant, fund and performance data into the IM database
• Manage and analyze data from multiple sources, i.e., market data, PeopleSoft, Morningstar for input into IM database
• Update balanced scorecards with fund assignments, peer groups, performance targets, etc.
• Prepare, distribute IM scorecards to managers and participants for review and approval.
• Prepare Portfolio Manager compensation disclosure statements.

Compensation