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MathWorks

Senior Compensation Analyst

🇺🇸 Natick, MA

🕑 Full-Time

💰 TBD

💻 Human Resources

🗓️ April 24th, 2025

Edtech.com's Summary

MathWorks is hiring a Senior Compensation Analyst. The role involves designing and administering competitive compensation programs aligned with the company's strategic goals. The analyst will partner with internal teams to create salary structures and incentive plans, oversee the annual salary review cycle, and contribute to strategic initiatives like pay transparency and equity. Advanced Excel skills are needed for analyzing data and creating models, while strong presentation skills are crucial for conveying insights to senior leadership.
 
 Highlights
  • Design and implement salary structures and incentive plans.
  • Oversee annual salary review cycles.
  • Analyze compensation data to recommend competitive pay structures.
  • Advanced Excel and PowerPoint skills required.
  • Bachelor's degree with 6 years' experience or Master's with 3 years' experience.
  • Strong industry connections are beneficial.
  • Global compensation experience preferred.
  • Knowledge of compensation regulations and best practices.

Senior Compensation Analyst Full Description

Senior Compensation Analyst


Job Summary
As a member of the Global Compensation team, the Senior Compensation Analyst plays a key role in designing and administering competitive compensation programs that align with the company’s strategic objectives. This senior individual contributor role requires advanced analytical skills, proficiency in Excel for complex modeling, and the ability to craft compelling and impactful presentations.

Responsibilities
  • Partner with internal teams to design, analyze, and implement salary structures, incentive plans, and other compensation programs.
  • Play a critical role in the design and roll out of the annual salary review cycle, ensuring effective implementation and alignment with company goals.
  • Be a key contributor in various strategic initiatives, including pay structure assessments, pay transparency and equity implementations, job evaluations, and compensation communication.
  • Analyze internal and external compensation data and build Excel models using benchmarks to recommend pay structures that ensure competitiveness and equity
  • Craft clear, impactful presentations that tell compelling stories, effectively conveying insights and recommendations to senior leadership.

Minimum Qualifications
  • A bachelor's degree and 6 years of professional work experience (or a master's degree and 3 years of professional work experience, or equivalent experience) is required.

Additional Qualifications
  • Proven ability to analyze compensation programs using metrics, trends, and actionable insights.
  • Advanced Excel skills (pivot tables, charts, complex formulas)
  • Proficiency in PowerPoint with strong presentation and storytelling abilities. Board and executive presentation experience a plus.
  • Proven ability to design and deliver innovative compensation programs in a progressive environment.
  • Strong industry connections and networking skills to stay updated on market trends.
  • Ability to manage multiple priorities and adapt to evolving business needs.
  • Strong written communication, attention to detail, innovation, and problem-solving skills.
  • Comprehensive knowledge of compensation regulations and best practices.
  • Global compensation experience, preferably in a technology company.
  • Experience with sales compensation and alternative reward programs is a plus.