Tricon Residential is an owner and operator of a growing portfolio of more than 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon's culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life's potential. For more information, visit Tricon Residential.

Job Description

The Senior Compensation Analyst plays a crucial role in ensuring equitable and competitive compensation practices within the Company, and is responsible for a comprehensive array of compensation-related activities including but not limited to analyzing and evaluating compensation data, developing and implementing salary structures, conducting market research, and collaborating with key stakeholders to ensure our compensation programs attract and retain top talent in both the US and Canada.

Essential Duties and Responsibilities include the following but are not limited to the job specifications contained herein. Additional duties or job functions that can be performed safely may be required as deemed necessary by supervisory personnel.

Act as the face of the Compensation function with HR Business Partners and managers on compensation matters like discussions on appropriate salary ranges for new job profiles, pay for new hires, and pay for internal promotions which align to Tricon's policies and compensation infrastructure.
Use specialized training, experience, and knowledge in the field of compensation management to help create policies and procedures for the function, incorporating industry best practices where applicable in support of the Company's Compensation Philosophy.
Exercise discretion and independent judgement to evaluate how compensation policies can best be improved over time to address novel situations impacting the function after various possibilities have been considered.
Conduct comprehensive analysis of compensation data to ensure internal equity and market competitiveness, and present findings to management.
Help develop and then maintain salary structures, ensuring alignment with organizational goals and industry standards.
Compile and submit data for external salary surveys and benchmarking studies, and use the results of those surveys to evaluate our position relative to the external market.
Prepare reports, presentations, and other analyses to communicate compensation trends and recommendations to HR and Company leadership.
Assist in the administration of variable pay programs, and help design incentive plans to motivate eligible team members and improve performance.
Conduct job evaluations and provide recommendations on placement of new job profiles into the Company's salary grades, and help set competitive variable pay targets for new roles that align to the career path for the role and the Company's standards and policies.
Stay up to date on federal, state, and local regulations related to compensation to ensure compliance.
Support compensation-related projects such as annual compensation reviews and incentive plan redesigns.
Develop expertise in the Company's Human Capital Management system (Workday) and recommend ways to improve compensation-related processes and use the system to provide compensation information and insights to the HR team and managers across the organization.

Qualifications:

Excellent communication and polished presentation skills, with the ability to effectively communicate complex compensation concepts to diverse audiences.
Proven experience in compensation analysis, salary structure design, and market research.
Strong analytical skills with the ability to interpret complex data sets and make data-driven recommendations.
Proficiency in compensation survey methodologies and statistical analysis.
Strong attention to detail and accuracy in data analysis and reporting.
Ability to work collaboratively in a team environment and build effective relationships with stakeholders at all levels of the organization, and ensure sensitive and confidential information is secured.
Knowledge of federal, state, and local employment laws and regulations related to compensation practices.
Demonstrated proficiency in Microsoft Excel and PowerPoint.

Minimum Requirements:

Bachelor's degree in Human Resources, Business Administration, or related field.
At least 5 years of experience in compensation analysis or related field.

Preferred Attributes:

Experience with the HCM and Advanced Compensation modules of Workday preferred.
Certified Compensation Professional (CCP) designation preferred.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job, including:

Frequently required to sit; talk; and hear.
Occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and stoop; kneel; or crouch.
Occasionally lift and/or move up to 10 pounds.
Vision abilities required by this job include close vision, distance vision and depth perception.

At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds. By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.

Salary Range

Placement within this compensation range will be determined by the candidate's knowledge, experience and skills.

$83,920.00 - $139,860.00