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Full-Time

Compensation Analyst

Posted on 6/27/2024

Argo Group

Argo Group

1,001-5,000 employees

Specialized insurance solutions for unique risks

Social Impact
Financial Services

Mid

Chicago, IL, USA

Hybrid workplace in Chicago, Illinois.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Communications
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor's Degree in Human Resources, Business Administration, or related field
  • 1-3 years of Compensation administration experience
  • Experience in an analyst or similar capacity with compensation programs and systems
  • Strong written and verbal communication skills
  • Strong numerical and analytical skills
  • Proficient in Microsoft Office Suite, Expert in MS Excel
  • Strong attention to details and accuracy
  • Demonstrated excellent customer service skills
  • Knowledge of compensation principles and procedures
  • Proficient in using HR-related software
  • Excellent organizational and time management skills
  • Familiarity with job evaluation and job analysis systems
  • Workday proficiency strongly preferred
  • Certified Compensation Professional (CCP) or progress towards certification
Responsibilities
  • Conduct annual benchmark survey matching & participation
  • Complete job evaluations for appropriate job family and level placement
  • Assist in the annual market analysis and make recommendations to maintain competitive salary ranges
  • Review and make recommendations for compensation packages to maximize retention and ensure internal pay equity and alignment with Argo’s Compensation Framework
  • Complete quarterly pay equity analysis and report findings to HR Talent Partners
  • Manage MarketPay system including uploading/maintaining survey data results for market data analysis
  • Manage the job descriptions in JDXpert
  • Administer the annual merit cycle including partnering with compensation team in pre-planning, prepping the launch in the CompXL tool, and processing and auditing of payout files
  • Manage LTI vesting administration & reporting in E*TRADE including issuing Annual LTI Agreements and processing cash releases
  • Generate compensation reports for data audit and analysis purposes
  • Provide project support in ongoing Compensation initiatives
  • Assist in the development of compensation education and training materials
  • Partner with the internal audit team and complete annual SOX audit requests

Argo Group operates in the specialty insurance market, providing customized insurance solutions for clients with unique or complex risks. The company focuses on industries such as construction, marine, and energy, where standard insurance policies may not suffice. Argo's products work by underwriting insurance policies, managing claims, and investing the premiums received to generate returns. This approach allows them to offer expert risk assessment and management services tailored to their clients' needs. Unlike many competitors, Argo emphasizes its commitment to corporate responsibility and community engagement, which helps build long-term relationships with clients. The company's goal is to ensure mutual success for its clients while promoting an inclusive workplace and participating in initiatives related to sustainability and disaster relief.

Company Stage

N/A

Total Funding

$17.9M

Headquarters

Pembroke, Bermuda

Founded

1996

Simplify Jobs

Simplify's Take

What believers are saying

  • Argo's recent acquisition by Brookfield Reinsurance could provide new growth opportunities and financial stability.
  • The company's commitment to an inclusive workplace and professional growth fosters a positive work environment.
  • Argo's focus on sustainability and disaster relief initiatives enhances its reputation and long-term client relationships.

What critics are saying

  • The departure of key executives to competitors like AXIS Capital could impact Argo's talent pool and operational efficiency.
  • Integration challenges following the acquisition by Brookfield Reinsurance could disrupt business operations.

What makes Argo Group unique

  • Argo Limited specializes in niche markets like construction, marine, and energy sectors, offering tailored insurance solutions that standard policies do not cover.
  • The company's strong focus on corporate responsibility and community engagement sets it apart in the insurance industry.
  • Argo's leadership in risk assessment and management for high-risk industries provides a competitive edge over more generalized insurance providers.

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