Mid Level, Senior Compensation Analyst Employee

Credit Acceptance Corporation

Employee

TELECOMMUTE – US National

3/11/23

Job Description

Mid Level/Senior Compensation Analyst

locations

USA Remote

time type

Full time

job requisition id

R9414

Credit Acceptance is proud to be an award-winning company with local and national workplace recognition in multiple categories! Our world-class culture is shaped by dedicated Team Members who share a drive to succeed as professionals and together as a company. A great product, amazing people and our stable financial history have made us one of the largest used car finance companies nationally.

Our Support teams work with multiple departments in a dynamic environment that promotes flexibility and autonomy, while offering the opportunity to collaborate with a diverse group of professionals. We work to comply with our company standards, exceed customer expectations and drive our Great Place to Work culture. Through the consistent delivery of quality services and understanding the needs of our business, we develop innovative improvements as we strive towards our company’s Big, Hairy, Audacious Goals!

The Compensation Analyst is responsible for analyzing, evaluating, and administering the company’s compensation programs. This includes conducting research, gathering and analyzing data, preparing reports, and providing recommendations to management on compensation-related matters. The Compensation Analyst will also play a key role in the design and implementation of new and revised compensation programs.

Outcomes and Activities:

This position will work from home. Occasional planned travel to an office location may be required.

Conduct market research and analysis to determine the company’s competitive position in terms of compensation and benefits.

Analyze and evaluate jobs to decide proper salary levels, job classifications, and FLSA (Fair Labor Standards Act) status.

Maintain correct and up-to-date job descriptions and salary data in the company’s HRIS.

Administer the annual merit increase and bonus processes, including managing the system, preparing communications, and supplying training to managers.

Collaborate with HR (Human Resources) Business Partners to support team members on compensation-related inquiries.

Help with the design and implementation of new or revised compensation plans, including developing guidelines and communication protocols.

Provide compensation education for team members and leaders to enhance overall awareness of the company’s compensation philosophy.

Own and maintain Compensation page on PrideNet.

Prepare the company submissions to third party compensation surveys.

Coordinates the annual merit process and variable compensation programs, including recommending changes for continuous improvement.

Prepare annual bonus accrual calculation monthly including journal entry posting, financial statement analytic, and general ledger account reconciliation.

Prepare quarterly profit-sharing and holiday bonus calculations.

Aid with the restricted stock administration.

Ensure compliance with federal and state regulations related to compensation.

Prepare ad hoc reports and analysis as needed.

Participate in special projects.

Maintain confidentiality with sensitive data.

Knowledge and Skills:

Organized.

Strong attention to detail.

Strong analytical and problem-solving skills.

Customer oriented.

Comfortable collaborating with team members of all levels.

Remain positive, professional, and calm when faced with challenging situations.

Ability to gather…

Accounting & Finance , HR & Recruiting , Analyst

US National