Senior Compensation Analyst

We are partnering with a global insurance organization for a Senior Compensation Analyst on a 12 month fixed contract. As a Senior Analyst, you will play a key role in shaping our organization’s compensation programs through strong financial modelling, thoughtful analysis, business insight and the ability to make sound recommendations in ambiguous situations.

Duties and Responsibilities:

Compensation & Incentives Analysis

· Lead in-depth market analysis, monitor the competitiveness of our compensation programs, and deliver actionable insights and recommendations to HR and business leaders.

· Design, evaluate, and evolve compensation and incentive programs that are competitive, effective, locally relevant, and aligned with organizational goals.

· Build and maintain robust financial and compensation models to assess cost impacts, scenario options, program effectiveness, and implementation considerations.

· Combine data analysis with business context to develop practical, well-supported recommendations, particularly where information may be incomplete or evolving.

· Conduct pay equity reviews and maintenance, ensuring compliance with pay transparency legislative requirements across our locations in Toronto, Montreal, Calgary, Vancouver, and Halifax.

· Participate in market and custom survey submissions to stay on top of industry trends and inform compensation strategy.

· Conduct job evaluations at various levels and degrees of complexity to ensure fair and consistent compensation decisions.

· Support the execution of compensation plans and programs, including pay policy, compensation structure, salary planning, incentive plans, and recognition programs.

· Work closely with Total Rewards and HR leaders to deliver tailored solutions that meet client group requirements and support broader business priorities.

· Support special studies on wellness best practices, emerging trends, and the evolution of total rewards.

Skills & Qualifications:

· A bachelor’s degree in business administration, Human Resources, Finance, Economics, or a related field preferred.

· Progress toward or completion of CCP considered an asset.

· A minimum of 8 years of experience in total rewards, with comprehensive experience in compensation program design, incentive design, compensation practices, and compensation theory.

· Strong financial modeling capabilities, including the ability to assess cost impacts, develop scenarios, interpret results, and translate analysis into practical recommendations.

· Excellent analytical abilities, with the ability to interpret market, financial, and business information and translate findings into clear recommendations.

· Demonstrated ability to work through ambiguity, structure complex problems, and develop thoughtful recommendations when information is incomplete or evolving.

· Exceptional organizational capabilities to effectively manage multiple priorities.

· Ability to work both independently and as part of a team, collaborating in a dynamic and inclusive environment.

· Understand the importance of managing information with accuracy, security, and confidentiality.

· Advanced proficiency in Excel, PowerPoint, and Microsoft Office programs, with experience building Excel models, scenario analyses, and graphical data displays.