Compensation and Benefits Senior Analyst at Northern Trust in Chicago, Illinois

Job Description:

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Role/ Department: Compensation and Benefits Sr Analyst

This role provides analytical support to the Compensation Consulting and other Reward team, including data analysis, presentation creation and compensation administration support. This role is responsible for supporting compensation administration and implementation for the organization's various compensation programs, including position descriptions, compensation governance reporting, salary administration and analyses.

Performs operations, technical or administration work often in support of compensation consultants. Requires technical or other specific training or equivalent experience. Performs tasks and duties according to established procedures. Generates new and improved solutions to complex problems. Works autonomously within established procedures and practices. Anticipates patterns and links; looks beyond the immediate problem to the wider implications.

The key responsibilities of the role include:
• Serves as a key liaison with third parties and other stakeholders (e.g. payroll, benefits, HR partners and vendors)
• Edits and assists with creating new job descriptions and updating existing job descriptions.
• Retrieves appropriate compensation data and creates regular, ad-hoc and formal reports for multiple team members and internal clients.
• Maintains market data database, including report creation and system issue resolution. Assists with development and maintenance of compensation data, tables and overall set-up in HRIS system.
• Administers the annual market data survey submission process.
• Analyzes current business processes to reduce redundancies and identify areas for potential improvement. Documents procedures and changes for control purposes.
• Assists in the analysis, design, and administration of organization compensation programs, including base pay and incentive pay programs.

Skills/Qualifications:
• 2 or more years related compensation experience
• Advanced proficiency in Windows-based applications with emphasis on Excel and PowerPoint.
• Ability to maintain confidentiality of all employee information
• Strong analytical, problem-solving, organizational, and communication skills
• Must be able to manage multiple tasks and deadlines with minimal assistance
• Requires advanced or specialized skills and expertise in a range of processes, procedures and systems
• Understands how related teams coordinate their efforts and resources to achieve objectives
• Exchanged ideas and information effectively with others outside of own team and evaluates and communicates unusual and/or complex content in a clear manner

The successful candidate will benefit from having:
• Working with Workday in a similar capacity

Working Model: Hybrid (#LI - Hybrid)
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.