Senior Compensation Analyst, Total Rewards

Downtown Toronto (Hybrid - 2 Days Onsite) | 4-6 Mon Contract

Our client is seeking a highly analytical Senior Compensation Analyst to join their Total Rewards Centre of Excellence on a short-term contract assignment. This role is ideal for an experienced compensation professional who thrives in a fast-paced environment and brings deep expertise in compensation program design, financial modelling, job architecture, and market benchmarking.

Working closely with the Compensation COE and Talent Acquisition teams, you will provide strategic and operational support across compensation program design, complex compensation analysis, job evaluation, organizational grading, and compensation transformation initiatives.

Key Responsibilities

• Lead compensation analyses and develop recommendations related to salary structures, internal equity, job evaluations, retention challenges, and complex compensation decisions.
• Design and enhance compensation and incentive programs aligned with business objectives and market practices.
• Build and maintain detailed financial models, cost analyses, and scenario planning tools to assess the impact of compensation-related decisions.
• Conduct compensation benchmarking and market pricing using leading survey sources.
• Participate in compensation surveys and analyze market data to support compensation strategy and competitiveness.
• Perform job evaluations and provide recommendations related to job architecture, grading, leveling, and organizational alignment.
• Support ongoing job architecture and compensation structure transformation initiatives.
• Conduct pay equity analyses and support compensation compliance across multiple regions and jurisdictions.
• Develop business cases, presentations, and executive-level recommendations for HR and business leaders.
• Partner closely with Talent Acquisition on offer analysis, market competitiveness reviews, and hiring recommendations.
• Collaborate with Total Rewards, HR leadership, and business stakeholders to deliver practical, data-driven compensation solutions.

Qualifications

• 8-10+ years of progressive experience in Compensation and Total Rewards.
• Demonstrated expertise in:
• Compensation program design
• Incentive plan design
• Compensation strategy and administration
• Compensation theory and best practices
• Salary structure development
• Market pricing and benchmarking
• Job evaluation methodologies
• Job architecture and organizational design
• Experience supporting grading, leveling, or job architecture transformations.
• Strong business acumen with the ability to identify compensation-related issues and develop practical recommendations.
• Proven experience influencing and advising stakeholders through organizational change.
• Experience working in complex, multi-stakeholder environments.

Required Technical Expertise

• Advanced Excel skills, including:
• Financial modelling
• Scenario analysis
• Data analysis and visualization
• Strong PowerPoint and presentation development skills.
• Ability to build business cases and translate complex data into actionable recommendations.

Market Benchmarking Experience

Experience utilizing and interpreting compensation survey data from one or more of the following is strongly preferred:

• WTW (Willis Towers Watson)
• Mercer
• Radford (Aon)
• Korn Ferry
• Gallagher
• Comparable market compensation survey providers

Preferred Background

• Experience within a Total Rewards Centre of Excellence environment.
• Exposure to global or multi-country compensation programs.
• Experience supporting organizations undergoing organizational design, grading, or compensation transformation initiatives.
• Experience conducting:
• Job evaluations
• Compensation benchmarking
• Salary survey participation and analysis
• Offer analysis
• Incentive program design
• Pay equity reviews

Education & Certifications

• Bachelor's degree in Human Resources, Business, Finance, Economics, or a related discipline preferred.
• Certified Compensation Professional (CCP) designation, completed or in progress, is strongly preferred.