Sr. Compensation Analyst, Physician Compensation,

at Northwestern Memorial Healthcare in Chicago, Illinois, United States

Job Description

Location Chicago, Illinois
Business Unit Northwestern Medicine Corporate
Job REQID 129197
Job Function Human Resources/Academy/Payroll
Shift Day Job (1st)

Benefits
$10,000 Tuition Reimbursement per year ($5,700 part-time)
$10,000 Student Loan Repayment ($5,000 part-time)
$1,000 Professional Development per year ($500 part-time)
$250 Wellbeing Fund per year($125 for part-time)
Matching 401(k)
Excellent medical, dental and vision coverage
Life insurance
Annual Employee Salary Increase and Incentive Bonus
Paid time off and Holiday pay
Pay Starting at: $34.16+ per hour based on experience
Northwestern Medicine is powered by a community of colleagues who are purpose-driven and committed to our mission to deliver world-class care. Here, you'll work alongside some of the best clinical talent in the nation leading the way in medical innovation and breakthrough research with Northwestern University Feinberg School of Medicine.
We recognize where you've been, and we support where you're headed. We celebrate diverse perspectives and experiences, which fuel our commitment to equity and culture of service.
Grow your career with comprehensive training and development opportunities, mentorship programs, educational support and student loan repayment.
Create the life you envision for yourself with flexible work options, a Reimbursable Well-Being Fund and a Total Rewards package that support your physical, mental, emotional and financial well-being.
Make a difference through volunteer opportunities we offer in local communities and drive inclusive change through our workforce-led resource groups.
From discovery to delivery, come help us shape the future of medicine.
Description
The Sr. Compensation Analyst reflects the mission, vision, and values of NM, adheres to the organization's Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines, and all other regulatory and accreditation standards.
Under the general direction of the System Compensation Manager, the incumbent will exercise significant discretion in interacting with all levels within the system to support the compensation strategy, pay programs and policies, as well as, serve as project leader in the delivery of compensation solutions.
Responsibilities
Financial & Operational Performance:
Coordinator on annual physician compensation budget & planning process, working with Departmental and Operational helping to ensure the creation of accurate, realistic, and optimized fiscal year budgets
Work with NM Payroll with the interpretation of compensation plan results, ensuring timely and accurate payments.
Perform monthly review and analysis of operational performance relative to NM's productivity goals.
Liaise with NM leadership on the assessment of key compensation metrics and other ad-hoc analyses.
Ensure accuracy and timely dissemination of operational dashboard reports and other standard management information.
Stakeholder Coordination:
Work with Departmental and Service Line operational leadership on ad-hoc requests and analyses designed to support discussions and decisions related to individual physician compensation.
Coordinate with NM BI/Analytics to perform regular quality control analyses, ensuring accurate NM physician compensation calculations and other model outputs.
Assist in the planning, development, and maintenance of the web based compensation tool.
Market Reviews & Business Development:
Build and maintain dynamic models that will allow for analysis of market adjustment recommendations compared to relevant national benchmark, and identification of related expense impact.

Build robust analytical models to analyze new/potential growth and strategic initiatives.
Qualifications
Qualifications
Required:
Bachelor's degree in Accounting, Finance, Human Resources, Business or other related field.
Advanced knowledge of Microsoft Office programs, particularly Microsoft Excel.
High level of precision and attention to detail.
Advanced analytical and problem-solving skills.
Advanced verbal and written communication skills.
3 or more years of Compensation experience or 5+ year relevant Finance experience
Preferred
Certified Compensation Professional (CCP), Certified Public Accountant (CPA), or Profession in Human Resources (PHR)
Master's Degree
Equal Opportunity
Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability, sexual orientation or any other protected... For full info follow application link.

Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability or sexual orientation.