Analyst, Compensation

Compensation Analyst

We are currently seeking a Compensation Analyst to join our growing team of rewards innovators. In this role, you will get to consult with business managers and HR leaders to make sound choices about pay with frequent supervision. This position will execute all types of compensation processes and projects, to include Merit, Annual Bonus, and Stock Administration and short-term incentive administration. In addition to the normal cadence of core processes, this position will perform ad-hoc basic analyses as needed.

With supervision, analyze market data and internal data to make recommendations on leveling, salary ranges, and salary recommendations to business and HR managers

Provide education to business managers on position pay plans, compensation processes, and internal resources

Execute and improve core processes like annual merit, bonus, and stock award administration and short-term incentive administration

Partner with key stakeholders and other Compensation Analysts to drive completion of compensation projects

Partner with HRIS and Payroll Systems teams to support thoughtful execution of compensation programs

With supervision, perform compensation data analysis and reporting for business and HR stakeholders leveraging the HRIS system and MS Excel

Ensures compliance of all compensation programs with federal, state, and local regulations

Complete other related duties, analysis and projects as assigned

Purpose of the role

At CarMax, we strive to deliver an iconic experience everywhere, every time. Within the Compensation Department, we operate as part of a larger Total Rewards Department to consult with business and HR leaders on compensation principles, provide insights through analysis of complex data sets, and administer compensation programs that collectively impact every Associate at CarMax. As a member of this team, you will use your analytical capabilities, your attention to detail, and your communication skills to execute core compensation processes with accuracy.

Qualifications and Requirements

Ability to reason and communicate compensation guidelines and detailed compensation information to all levels of Associates in a professional manner.

Ability to collect, interpret, and analyze data with strong attention to detail.

Ability to execute data-entry tasks and multi-step processes within incentive calculation systems and company's HRIS.

Ability to independently research compensation questions, pay issues, or process gaps.

Ability to establish schedules and timelines to achieve company expectations.

Ability to convey a professional and positive image to applicants and Associates.

Education and / or Experience : Undergraduate degree or equivalent experience

At least six months of work experience, with a preference for experience in Compensation, Analytics, Accounting, Finance or Payroll

Basic MS Excel skills

Basic MS PowerPoint skills

About CarMax

CarMax disrupted the auto industry by delivering the honest, transparent and high-integrity experience customers want and deserve. This innovative thinking around the way cars are bought and sold has helped us become the nation's largest retailer of used cars, with over 200 locations nationwide.

Our amazing team of more than 25,000 associates work together to deliver iconic customer experiences. Along the way, we help every associate grow their career and achieve their best, at work and in their community. We are recognized for our commitment to training and diversity and are one of the FORTUNE 100 Best Companies to Work For.

Our Commitment to Diversity and Inclusion :

CarMax is committed to bringing together people from different backgrounds and perspectives, providing employees with a safe, welcoming, and inclusive work environment.

CarMax is an equal opportunity employer, and all qualified candidates will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, protected veteran status, disability status, or any other characteristic protected by law.

Upon an applicant's request, CarMax will consider reasonable accommodation to complete the CarMax Job Application.