Senior Compensation Analyst

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Senior Compensation Analyst

This range is provided by Chesapeake Search Partners. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$90,000.00/yr - $110,000.00/yr

Additional compensation types

Annual Bonus

Search Consultant at Chesapeake Search Partners

CSP has partnered with a trusted client in search of a Senior Compensation Analyst to lead the design, analysis, and execution of compensation programs that fuel our ability to attract, retain, and reward exceptional talent. In this high-impact role, you'll serve as a trusted expert and strategic advisor—guiding data-driven decisions, shaping compensation frameworks, and partnering across the organization to align pay practices with business goals and market realities.

If you’re passionate about turning insights into strategy, and strategy into action, this is your opportunity to make a measurable difference.

What You'll Do

• Develop and maintain robust salary structures, job grading systems, and internal pay frameworks.
• Design and implement policies for base pay, bonuses, long-term incentives, and promotions that balance equity, compliance, and competitiveness.
• Lead the annual compensation planning cycle—including merit increases, equity reviews, and incentive programs.
• Serve as the go-to advisor for compensation-related decisions that impact hiring, retention, and workforce planning.
• Conduct in-depth market benchmarking and compensation surveys to ensure external competitiveness.
• Lead internal pay equity reviews, identifying gaps and recommending actionable solutions.
• Monitor industry trends and emerging practices to keep us ahead of the curve.
• Provide executive-level insights and recommendations based on labor market data and business needs.

Ensure Compliance & Drive Governance

• Ensure all compensation programs align with legal requirements (FLSA, pay equity laws, transparency regulations, etc.).
• Maintain clear, well-documented compensation policies and governance frameworks.
• Support internal audits, regulatory reporting, and executive-level compensation reviews.
• Champion pay transparency and consistency through thoughtful communication and training.

Partner & Influence Across the Business

• Lead job evaluation processes and maintain accurate, market-aligned job descriptions.
• Collaborate with HR Business Partners, Talent Acquisition, and Leadership to guide compensation decisions.
• Translate complex data into compelling stories and actionable recommendations.

What You Bring

• Bachelor’s degree in HR, Business, Finance, or a related field (Master’s or CCP certification a plus).
• 3–7+ years of hands-on experience in compensation design and analysis.
• Expertise in building salary ranges, job grading structures , and developing compensation policies.
• Strong grasp of compensation laws, internal equity principles , and market pricing tools.
• Advanced data analysis and Excel skills , with experience using compensation benchmarking tools and HRIS systems.
• Proven ability to influence cross-functional stakeholders and support strategic decision-making.
• High level of integrity, sound judgment, and discretion when dealing with sensitive compensation matters.
• Excellent written and verbal communication skills—with the ability to present complex information clearly and concisely.

In this role, you'll not only be analyzing numbers—you’ll be shaping how we reward, recognize, and invest in our people. Your work will directly impact business success, employee experience, and long-term talent strategy.

Seniority level

Associate

Employment type

Full-time

Job function

Analyst

Industries

Banking

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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