Compensation Specialist

Company: The Hanover Insurance Group
Location: Lake Forest
Posted on: January 19, 2023

Job Description:

As a Fortune 500 company, Packaging Corporation of America (PCA) is an ideas and solutions company. Our corrugated packaging business seeks to be the leader in helping our customers - large and small - package, transport and display products of all kinds. Our white paper business delivers Paper With Purpose by providing the highest level of customer service and operational excellence. We have approximately 15,000 team members in more than 100 locations in the United States that strive to meet the local needs of our customers. Our mission is to serve the needs of our customers, today and tomorrow, with products and services that exceed expectations for performance and environmental responsibility.

A flexible / hybrid schedule will be offered for this role.

Position Summary: The Compensation Specialist is responsible for providing analytical and project management support for the company's compensation programs. This includes participating in compensation surveys, analyzing market data and job descriptions, producing reports, and participating in departmental projects to support PCA's compensation strategy. Principle Accountabilities: -Provide program administration for the compensation processes of merit, bonus, and equity awards. This includes all aspects from system configuration and design to communication development and end-user training. -Prepare and submit compensation survey information on an annual basis to survey companies. -Study and analyze market data and trends to assist in the determination of salary grades and ranges to support the company's compensation strategy. -Prepare and update job descriptions. -Maintain the overall accuracy and integrity of employee compensation data within the human resource management system (HRMS). This is completed via generating and reviewing reports, maintaining and creating audit procedures, reviewing salaried staffing requests, keeping abreast of company changes that may impact the data and acting on data/system errors to correct the information. -Management of PCA's Long Term Equity Incentive Plan (LTEIP) through activity tracking and reporting including being a resource for plan participants, interacting with individual brokers, calculating taxable compensation and taxes due, interfacing with payroll to ensure that transactions are posted accordingly, and creating periodic financial reports for the plan (monthly, quarterly and annually). -Ensure LTEIP plan participants are in compliance with the company's insider trading policy and process Section 16 Form 4 reporting when necessary. -Management of PCA's Deferred Compensation Plan through activity tracking and reporting including being a resource for eligible executive participants. -Produce standard periodic and ad hoc reporting for other PCA departments including but not limited to Finance, Tax, Proxy reporting, SEC financial data requests, management and human resource field reports, and preparation of data for executive board meetings. -Know and follow policies and procedures of the company, share information that would benefit other members of the team and find ways to improve the delivery of service to our customers. -Strive to continually strengthen PCA's business philosophy of meeting needs and exceeding expectation for customers specifically supporting PCA's Commitment to Service which involves doing what's right for our customers, focusing on strategies that add value and support growth, and keeping the promises that we make. Decision Making: The Compensation Specialist has access to sensitive and confidential information and is expected to maintain and safeguard this information at all times. The Compensation Specialist is responsible for the collection and evaluation of detailed information surrounding the compensation and jobs of the organization. This individual will make recommendations for the compensation processes to improve processes and/or overall service delivery for the department. Interactions:
Internally, the Compensation Specialist interacts with associates in all areas of the company including human resources, corporate finance, plant management and finance, and local payroll administrators, etc. The Compensation Specialist is expected to develop solid working relationships with these individuals in order to strengthen the compensation and human resources efforts throughout PCA. Externally, the Compensation Specialist will interact with PCA contracted service providers. Information is typically provided to these individuals in an effort to streamline operations or resolve issues. Position Requirements: -Education equivalent to a bachelor's degree in business or human resources. -Up to two years compensation analysis experience with basic understanding of survey submission procedures and job matching. -Prior human resource related work experience in employee relations, benefits, recruiting, HR systems is preferred. -Previous working knowledge of restricted stock administration preferred. -Strong working knowledge of PC applications including an advanced understanding of Word, Excel, and Outlook. Microsoft Access knowledge is preferable. -Basic understanding of relational databases and human resources management systems is preferred. -Strong computer typing skills with a high degree of data accuracy. -Strong attention to details. -Strong inter-personal skills with the ability to communicate effectively in person and over the phone. -Solid written and verbal communication skills with the ability to communicate to multiple audiences and purposes. -Strong appreciation for the retention and management of confidential information. -Ability to work in a fast-paced environment and handle multiple requests simultaneously. -Strong problem-solving skills with the ability to create alternative solutions. -Strong listening and evaluating skills. -Strong organizational skills. -Previous work experience as a member of a team, or a strong understanding of the importance of open communication and information sharing between team members. -Able to work flexible hours or overtime as needed. Must be able to travel. #LI-VP1 All qualified applicants must apply at Careers.packagingcorp.com to be considered.

PCA is an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

Keywords: The Hanover Insurance Group, Lake Forest , Compensation Specialist, Accounting, Auditing , Lake Forest, California