Senior Compensation Analyst

Position Purpose: The Senior Compensation Analyst at SRS Heritage Group is a critical role designed to enhance the administration and design of comprehensive compensation programs for our business clientele. This individual is responsible for conducting annual compensation benchmarking studies, analyzing and ensuring compliance and competitiveness of existing and proposed compensation initiatives, and optimizing compensation strategies to align with market trends and organizational goals. With a commitment to extraordinary customer focus and leveraging strong analytical and communication abilities, the Senior Compensation Analyst will deliver insightful analytics, develop ad-hoc reports, and champion continual improvements in compensation practices to ensure effective business partnering and organizational success. Key Responsibilities: Lead the administration and innovative design of SRS Heritage Group's comprehensive compensation programs, ensuring alignment with corporate objectives and compliance with applicable regulations. Conduct and analyze annual compensation benchmarking studies to maintain SRS's competitive pay structure and ensure market alignment, leveraging industry data and insights. Evaluate and refine existing compensation policies and practices, ensuring they are cost-effective, competitive, compliant, and promote internal equity across all business units. Review and validate salary adjustments, ensuring adherence to established guidelines and corporate compensation strategy, while providing expert guidance to management on compensation decisions. Generate precise ad hoc compensation reports utilizing advanced functionalities in Workday and Excel to support strategic decision-making and compliance with Federal & State regulatory requirements. Proactively identify and recommend opportunities for process improvement in compensation practices, supporting continuous enhancement initiatives aligned with organizational goals. Collaborate cross-functionally with HR and business leaders, utilizing strong business partnering skills to influence compensation-related organizational changes and drive effective implementation. Maintain superior customer service standards through exceptional communication and organizational skills, addressing compensation-related inquiries and ensuring stakeholder satisfaction. Direct Manager Direct Reports: The Senior Compensation Analyst reports directly to the Compensation Manager within the SRS Heritage Group. This position does not have any direct reports. The role is instrumental in supporting the company's compensation programs and leading special projects to enhance compensation initiatives while maintaining compliance and competitive standards. The incumbent will collaborate closely with cross-functional teams to ensure alignment of compensation strategies with business objectives. Travel Requirements: The Senior Compensation Analyst position at SRS Distribution, Inc., operating within the SRS Heritage Group, requires occasional travel, as needed, to support the effective administration of compensation programs and special projects, ensuring alignment with organizational objectives and compliance standards. Physical Requirements: The Senior Compensation Analyst position at SRS Heritage Group is primarily an office-based role that involves working in a professional business environment. This role typically includes prolonged periods of sitting at a desk and working on a computer. The candidate must be able to use standard office equipment such as computers, keyboards, telephones, photocopiers, and filing cabinets. The position may occasionally require standing, walking, bending, or lifting objects up to 10 pounds. This role also requires visiting the McKinney, TX headquarters 2-3 days per week as part of its hybrid structure. SRS Heritage Group is committed to providing reasonable accommodations to enable individuals with disabilities to perform essential functions, as needed, in compliance with the Americans with Disabilities Act (ADA). Working Conditions: The Senior Compensation Analyst position at SRS Distribution, Inc. is structured as a hybrid role, fostering a blend of remote and in-office engagement. The role requires the incumbent to work 2-3 days per week at our McKinney, TX headquarters, facilitating collaboration and the integration of team-based initiatives. Within this dynamic setting, the atmosphere is characterized by a fast-paced, deadline-driven environment where precision and adaptability are vital to supporting the company's world-class HR capabilities. This structure ensures a balanced approach to productivity and collaboration, enabling the Senior Compensation Analyst to effectively execute their responsibilities while contributing to the organization’s strategic objectives. Minimum Qualifications: Minimum Qualifications for Senior Compensation Analyst at SRS Heritage Group Bachelor’s degree in Business, Human Resources, Accounting, Finance, or a related field from an accredited university or college. Minimum of 5 years of experience in administering compensation programs within a large, multi-state organization. Demonstrated expertise in conducting compensation benchmarking studies to ensure competitive wage practices. Proficient in analyzing compensation programs to ensure compliance, competitiveness, and cost-effectiveness. Proven ability in overseeing the design and administration of various compensation programs, including base wage, annual incentive, performance-based incentive, and commission programs. In-depth knowledge of applicable federal and state regulations related to compensation practices. Experience with compensation survey sources/vendors such as Willis Towers Watson, Mercer, or Payfactors. Advanced proficiency in Microsoft Excel; placement will involve an Excel skills assessment. Demonstrated proficiency in Microsoft Office Suite, specifically MS