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Senior Compensation Analyst

Team: Compensation
Department: People Development
Location: Chicago, Illinois
Commitment: Full-time
Summary
Are you ready to join a growing team that puts a premium on productivity and has an award-winning culture, centered around transforming talented employees into effective business leaders?
 
Then BHG Financial is the place for you. We offer innovative financial solutions to licensed and highly-skilled professionals, representing the best of both traditional lending and fintech, and are looking for passionate, impact players to help take our company to the next level.
 
At BHG, you’ll become immersed in the finance industry—with a variety of loan solutions, credit cards, patient financing, bank programs, and collections services, which have helped BHG become one of the leading providers of finance solutions.
 
With over 20 years in business, we have the stability of an established company with the speed and agility of a startup, where ingenuity and risk-taking are encouraged, and every employee has the opportunity to learn, grow and thrive. 

Who You Are

The ideal candidate will be able to work independently, solve problems creatively, prioritize relentlessly, exercise business judgment soundly, and operate with a sense of urgency to get things done. You are self-driven and thrive in a fast-paced environment where you can make an impact in multiple departments with a direct vision of leadership.
 
The Senior Compensation Analyst will be responsible for providing compensation and analytic reporting. In addition to overall Compensation support to the business entities.
What You'll Do
  • The Senior Compensation Analyst will participate in the documentation of all compensation-related business practices. Makes recommendations for business process improvements, as appropriate. Assists in the testing, implementation, and communication of new business processes and any systems that support our business processes.
  • The Senior Compensation Analyst will Counsel PDBPs, Talent Acquisition team members, and others within the HR division on many aspects of the company’s reward philosophy, market pricing, internal equity, job evaluation, salary structures, and other aspects of compensation to ensure that BHG is able to effectively recruit and retain top-tier talent.
  • Participates in the development of incentive compensation plan designs (e.g., executive compensation, short- and long-term plans, sales incentive compensation, etc.
  • Conducts benchmarking and participates in approved salary surveys through the collection and reporting of data to third-party survey providers to determine the organization’s market relationship.
  • Develops recommendations to adjust salary structure in response to changing organizational needs and market values.
  • Conducts job analysis; interviews management and function leaders to advise departments concerning the design of their organizational structure.
  • Prepares complex economic and cost impact models of compensation initiatives for individually assigned activities or as part of larger Total Rewards department initiatives.
  • Reviews proposed salary actions to ensure conformance with established guidelines and policies. 
  • Oversees quarterly bonus and annual salary planning process.
  • Reviews compensation data on college grads and intern pay to support the Early Talent Program initiatives.
  • Keeps current in all aspects of compensation through formal and informal training, participation in local and national professional organizations, continuous learning and reading, and general professional curiosity.
  • May coach, mentor, guide, and provide oversight to less senior Compensation Analysts.
  • Serve as a subject matter expert and trusted partner to HR team members, Finance, and other Business Leaders.
  • Other Total Rewards duties and projects may be assigned.
What You'll Need
  • 5+ years of experience working within a corporate compensation function or compensation consulting practice.
  • Previous experience owning analysis and conducting market studies and trends, packaging up data findings to tell the story.
  • Bachelor’s degree in a related field is required.
  • Advanced PowerPoint, MS Excel skills, and advanced analytics skills with a high level of accuracy
  • Project and process management.
  • Experience with national surveys and job pricing platforms like CompAnalyst or Payscale.
  • Strong analytical, problem-solving, and critical thinking skills.
  • HRIS software experience; preferably with Workday.
  • Demonstrated knowledge of FLSA and other regulatory requirements - both Federal & State.
Life at BHG
At BHG, we work hard and aren't afraid to take risks. Since the beginning, our core values of PMA (positive mental attitude), team player and loyalty have been the driving force behind every interaction we have between each other and our customers. We have a healthy respect for the daily grind, yet we value work/life balance. We believe that all employees should have the opportunity to lead and that good ideas can come from anyone. From the top-down, our leaders are actively involved not only in strategic oversight and running the business, but also in the well-being and growth of all employees. We consider people our #1 asset, and help employees realize their full potential, set and exceed their goals, and explore new opportunities for personal and professional development.
Why You Should Join BHG

We strive to offer amenities, opportunities, events, and programming that support the interests of our teams, while furthering the culture that makes us Great Place to Work® certified. Some of the benefits you can expect when you join BHG include:

  • 100% coverage of monthly health insurance premiums
  • Competitive PTO and vacation policies
  • Company 401(k) plan with employer contributions after one year
  • On-site gym access and memberships, with personal trainers, and certified nutritionists on staff
  • Company-sponsored training and certification opportunities
  • Monthly award ceremonies where top achievers are celebrated and receive additional bonuses
  • Ongoing volunteer opportunities to give back to the community through our BHG Cares program
If you’re ready for a career where you can exercise your passions, be surrounded by co-workers who are relentlessly committed to service, and have a team-player mindset, apply today!
Apply Now
Bankers Healthcare Group is committed to equal treatment and opportunity in all aspects of recruitment, selection, and employment without regard to gender, race, religion, national origin, ethnicity, disability, gender identity/expression, sexual orientation, veteran or military status, or any other category protected under the law. Bankers Healthcare Group is an equal opportunity employer; committed to a community of inclusion, and an environment free from discrimination, harassment, and retaliation.