Senior Compensation Analyst Opportunity At Advanced Energy Denver, Colorado
Are you a seasoned compensation professional seeking a challenging and rewarding opportunity? Advanced Energy is looking for a talented Senior Compensation Analyst to join our team in Denver, Colorado! This is a fantastic opportunity to contribute to a leading global company in the advanced energy industry. If you have a passion for compensation, a strong analytical mind, and a desire to make a real impact, we encourage you to apply.
About Advanced Energy
Advanced Energy (AE) is a global leader in the design and manufacturing of highly engineered precision power conversion, measurement, and control solutions. Our innovative products and services enable our customers to develop and manufacture complex semiconductor, industrial, life sciences, data center, and renewable energy products. With a global presence and a commitment to innovation, Advanced Energy offers a dynamic and exciting work environment.
Why Join Advanced Energy?
Joining Advanced Energy means becoming part of a team that is passionate about innovation and committed to excellence. We offer a comprehensive benefits package, a supportive work environment, and opportunities for professional growth and development. At Advanced Energy, you will have the opportunity to make a significant impact on the future of energy technology.
Senior Compensation Analyst Role Overview
The Senior Compensation Analyst will play a critical role in the design, implementation, and administration of Advanced Energy's compensation programs. This position requires a deep understanding of compensation principles, practices, and regulations. The ideal candidate will be a self-starter with excellent analytical, communication, and problem-solving skills.
Key Responsibilities
- Compensation Program Design and Administration: This includes assisting in the design, implementation, and administration of compensation programs, such as salary structures, bonus plans, and equity programs. A key aspect involves ensuring that these programs are competitive, aligned with the company's business strategy, and compliant with legal and regulatory requirements. This also entails conducting regular market analysis to benchmark compensation levels and trends, which helps in making informed decisions about pay adjustments and incentive plan designs. Continuous monitoring and evaluation of program effectiveness are also crucial, with adjustments made as necessary to meet the evolving needs of the organization.
- Market Analysis and Benchmarking: Conducting thorough market analysis is essential to understanding industry compensation trends. This involves participating in compensation surveys, analyzing salary data, and benchmarking jobs against similar roles in the market. The insights gained from this analysis are used to develop and maintain competitive salary ranges and ensure that Advanced Energy's compensation packages attract and retain top talent. The role also requires staying abreast of economic conditions, regulatory changes, and other factors that may influence compensation practices.
- Job Evaluation and Salary Administration: The Senior Compensation Analyst will be responsible for evaluating job roles to determine appropriate salary levels. This process involves using job evaluation methodologies to assess the scope, complexity, and responsibilities of different positions. Furthermore, the analyst will administer salary programs, ensuring that pay decisions are consistent with company guidelines and legal requirements. This includes managing salary increases, promotions, and other pay adjustments, as well as providing guidance to managers and HR business partners on compensation-related matters. The objective is to ensure internal equity and external competitiveness in pay practices.
- Bonus and Incentive Plan Management: Managing bonus and incentive plans is a critical function, encompassing the administration of various incentive programs, such as annual bonuses, sales incentives, and long-term incentives. This involves calculating payouts, tracking performance metrics, and ensuring compliance with plan terms and conditions. The role also includes working with finance and other departments to forecast and budget for incentive payouts. Effective communication with employees regarding plan details and performance expectations is vital, as is ensuring that the incentive plans align with the company's overall goals and objectives. Regular analysis of plan performance and effectiveness helps in identifying areas for improvement and adjustment.
- Equity Compensation: A significant aspect of the role involves managing equity compensation programs, including stock options, restricted stock units (RSUs), and other equity-based awards. This requires working with legal, finance, and HR departments to administer the plans in compliance with regulatory requirements and company policies. The analyst will also maintain equity data, process grants and exercises, and provide support to employees regarding equity-related matters. This includes preparing reports for executive management and ensuring accurate reporting of equity compensation in financial statements. Effective communication with employees about the value and mechanics of their equity awards is crucial for maintaining a motivated workforce.
- Compliance and Reporting: Ensuring compliance with federal, state, and local compensation laws and regulations is a fundamental responsibility. This includes staying informed about changes in legislation, such as minimum wage laws, pay equity requirements, and other relevant regulations. The analyst will also prepare and file required reports, such as EEO-1 reports and other government filings. Additionally, the role involves conducting audits of compensation practices to ensure compliance and identify areas for improvement. Maintaining accurate records and documentation is essential for demonstrating compliance and supporting compensation decisions.
- Collaboration and Communication: The Senior Compensation Analyst will collaborate with HR business partners, hiring managers, and other stakeholders to provide compensation support and guidance. Effective communication is crucial for explaining compensation policies and practices, as well as for addressing compensation-related questions and concerns. This includes developing communication materials, conducting training sessions, and providing one-on-one consultations. Building strong relationships with key stakeholders helps ensure that compensation programs are aligned with business needs and that employees understand the value of their compensation packages.
Required Qualifications
- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field. A bachelor's degree provides a strong foundation in the principles of business and human resources, which is essential for understanding compensation practices. A background in finance can also be beneficial due to the analytical nature of the role.
- 5+ years of experience in compensation analysis. This level of experience ensures that the candidate has a solid understanding of compensation principles and practices, as well as hands-on experience in designing and administering compensation programs. The experience should include working with various compensation components, such as base pay, bonuses, and equity.
- Strong analytical and problem-solving skills. The ability to analyze complex data, identify trends, and develop effective solutions is critical for this role. This includes proficiency in using analytical tools and techniques to evaluate compensation data and make informed recommendations.
- Excellent communication and interpersonal skills. Effective communication is essential for explaining compensation policies and practices to employees and managers. Interpersonal skills are needed to build strong relationships with stakeholders and work collaboratively with other departments.
- Proficiency in Microsoft Excel and other HRIS systems. Proficiency in Excel is crucial for data analysis and reporting, while experience with HRIS systems is necessary for managing compensation data and administering compensation programs.
- Certified Compensation Professional (CCP) certification is a plus. The CCP certification demonstrates a high level of expertise in compensation and is often preferred by employers.
Denver, Colorado: A Great Place to Live and Work
Denver, Colorado, is a vibrant and thriving city that offers a high quality of life. With its stunning mountain views, outdoor recreational opportunities, and a booming economy, Denver is an attractive place to live and work. The city boasts a diverse culture, a thriving arts scene, and a wide range of dining and entertainment options.
Benefits of Living in Denver
- Outdoor Activities: Denver is a gateway to the Rocky Mountains, offering easy access to skiing, snowboarding, hiking, and other outdoor activities. Living in Denver means you can enjoy these activities year-round.
- Strong Economy: Denver has a strong and diverse economy, with major industries including aerospace, technology, energy, and healthcare. This provides ample job opportunities and career growth potential.
- Quality of Life: Denver consistently ranks high in quality of life surveys, thanks to its clean air, beautiful scenery, and friendly atmosphere. The city also has excellent schools, healthcare facilities, and a low crime rate.
- Cultural Attractions: Denver is home to a variety of cultural attractions, including museums, art galleries, theaters, and music venues. The city also hosts numerous festivals and events throughout the year.
How to Apply
If you are interested in the Senior Compensation Analyst position at Advanced Energy, we encourage you to apply online through our careers website. Please submit your resume and a cover letter highlighting your qualifications and experience.
Application Process
- Visit the Advanced Energy careers website.
- Search for the Senior Compensation Analyst position in Denver, Colorado.
- Click on the "Apply Now" button.
- Follow the instructions to submit your application.
Conclusion
This Senior Compensation Analyst role at Advanced Energy in Denver, Colorado, is an outstanding opportunity for an experienced compensation professional. With a competitive salary, comprehensive benefits, and a dynamic work environment, Advanced Energy offers a great place to advance your career. If you meet the qualifications and are passionate about compensation, we encourage you to apply. Join our team and help us drive the future of energy technology.
Apply today and become a part of the Advanced Energy team!
We look forward to hearing from you!
