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Wells Fargo is seeking a Compensation Associate on the Total Rewards team to partner with Executive Compensation, Incentive Design and Delivery, and Compensation Delivery Centers of Excellence teams to administer, develop and deliver reporting, and adhere to established procedures and controls for assigned business initiatives, programs, special projects, and ad hoc requests. Including, helping to develop competitive base salary, incentive and executive compensation structure and administer compensation to team members to reward and retain employees.
Job Responsibility:
Participate in conducting research to support compensation strategies, programs, and solutions across a business or enterprise function, ensuring alignment with key organizational goals
Review basic issues, policies, or procedures for which answers can be quickly obtained, related to low-risk tasks and deliverables with narrow impact
Receive direction from supervisor and exercise judgement within defined parameters while developing understanding of policies, procedures, and compliance requirements
Partner with the Total Compensation Delivery & Administration team, follow procedure and control documentation for uploading base pay updates, one-time payments, on-demand payments, year-end compensation review inputs, and other compensation adjustments in Workday
Be responsible for adhering to retention requirements of important documentation that is essential to executing our controls and ensuring the successful completion of HR-deliverables associated with the assigned transaction
Be responsible for engaging with other associates on both the US and International Compensation teams for various assigned transactions
Provide information to managers, colleagues and stakeholders, including internal as well as external stakeholders
Provide Support Annual attestation process for retired employees who continue to receive previously issued awards of Restricted Stock Rights
Provide Support for HR M&A support processes for Corporate Transactions during the transition and post-close deal phases
Support processes like (but not limited to) Employee stock purchase plan support and Executive Compensation mailbox
Be supporting various ad Hoc initiatives and projects as required by the Executive Compensation, Incentive Design and Delivery and Compensation Delivery Centers of Excellence, from time to time
Provide support for a variety of diverse support functions and/or operations/production oversight for the Human Resources Total Rewards team
Support the operations and reporting needs of the Executive Compensation and Compensation Delivery Centers of Excellence
Work with Human Resources databases and technology platforms relevant to the assigned work
Pull, review, analyze, verify, and track intricate employee data using advanced functions in Excel
Administer programs, projects, or processes specific to the business and are administrative in nature
Facilitate efficiency, quality, cost effectiveness of solutions, and escalate concerns related to the assigned operation
Adhere to and support the Executive Compensation team’s and Compensation Delivery COE’s procedures, processes, and controls
Coordinate and monitor implementation and maintenance of processes, procedures, and policies
Interact with U.S.-based Executive Compensation and Compensation Delivery COE colleagues on operational initiatives
Interact with active and former employees on a variety of diverse support functions reflective of but not limited to those identified in “Job Description.”
Requirements:
6+ months of Compensation or Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Experience in total rewards design and delivery
Excellent understanding and experience of India/Philippines/United States/Global compensation and benefits practices and follows guidance/procedures to support compensation operations spanning across Executive Compensation, Incentive Design & Delivery and Compensation Delivery functions
Ability to support compensation and incentive administration, reporting, and servicing needs
Possesses experience in, acumen for, and success with Complex/large data analysis
and provides necessary professional and/or technical level support and guidance
Ability to instill necessary risk and control measures in delivery, procedures and reporting activities, including development and maintenance of project, scope documents, etc
Ability to perform compensation and benefits program analysis, maintenance and administration, and the related processing, procedural, control, and reporting requirements of assigned tasks
Consults with colleagues in the Executive Compensation, Incentive Design & Delivery and Compensation Delivery Centers of Excellence, Payroll/HR Operations, and other stakeholders to establish, monitor and review performance and delivery
Result-oriented mindset with excellent verbal, written, and interpersonal communication skills
Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint) skills, specifically Excel
Must have advanced skills in MS Excel including the ability to create data models, formulas, pivot tables, macros, VBA and power pivot reports
Excellent analytical skills and ability to navigate through ambiguity and infer complex data models/representations
Excellent accuracy, high quality, eye for detail, and a risk and control mindset
Nice to have:
Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Knowledge and/or experience with Workday and Process Design
Experience in data analytics/visualization tools preferred e.g. Power BI, R, tableau, VBA/SQL etc
Lead team through audits and validation review to maintain data, process and procedure sanctity and accuracy
Solid critical thinking skills
Demonstrated success in collaboration and teamwork
Ability to maintain a high degree of confidentiality