Senior Business Process Analyst for Compensation and Benefits

7 days ago

Manila, National Capital Region, Philippines Optum, a UnitedHealth Group Company Full time

The individual(s) in this position is/are responsible for assessing, identifying, and deploying variable incentive compensation strategy/initiatives for India and Philippine based Optum and UHC employees. They are accountable for the development of variable compensation solutions that promote a consistent, standardized, and equitable experience for employees across multiple capabilities and roles.

Primary Responsibilities:

  • Provide Consulting/Expertise on Compensation-related Topics
    • Maintain knowledge of current best practices in the compensation field (e.g., theories, frameworks, technologies, and trends) as they relate to India based employee populations
    • Provide ongoing consulting and collaboration with/to businesses, Human Capital, Total Rewards, Finance and other supporting partners to champion/ensure that variable compensation philosophy and best practices are integrated into Human Capital activities and broader business strategy
    • Provide training and education on variable compensation-related policies/tools/processes/issues to applicable audiences
    • Develop ongoing communications to ensure awareness/understanding of variable compensation programs, tools and changes for applicable audiences
    • Provide recommendations to support development/revision and standardization of variable compensation strategies
    • Provide project management leadership/support for projects related to global variable compensation
    • Incorporate industry best practices into variable compensation program design
    • Ensure that an enterprise-wide perspective is applied across job families/functions when providing consulting/expertise
    • Identify and remediate non-standard financial incentives
    • Support centralization of global QVC programs
  • Design/Develop/Manage/Support Variable Compensation Programs/Policies
    • Develop framework and guidelines for variable compensation programs across India & the Philippines
    • Manage/support variable compensation program renewals and approvals
    • Design/update incentive plans
    • Ensure compliance with applicable legal and regulatory requirements specific to India & the Philippines
    • Demonstrate understanding of financial issues impacting compensation programs (e.g., ROI, CBA)
    • Conduct ROI, CBA, etc. analyses
    • Sunset variable compensation programs/policies, as needed
    • Support effort to align existing QVC programs to Global Capability initiatives and best practices
  • Gather/Analyze/Utilize Compensation-related Data
    • Partner with business leaders, Human Capital, and Total rewards to conduct assessment of existing variable compensation programs
    • Lead salary/budget surveys
    • Conduct market analyses and apply market data as appropriate to support variable compensation decisions
    • Utilize compensation-related data to support design and administration of variable compensation programs
    • Identify discrepancies from market data (e.g., variance to market analysis)
    • Ensure that an enterprise-wide perspective is used across job families/functions when utilizing/analyzing compensation-related data
  • Conduct Reporting/Analysis of Compensation Projects/Data
    • Provide incentive/spending reports to applicable stakeholders
    • Utilize appropriate systems/tools to manage/analyze/report variable compensation data
    • Manage/support auditing activities
    • Analyze variable compensation data to identify root causes/trends/issues, and respond appropriately
  • Comply with the terms and conditions of the employment contract, company policies and procedures, and any and all directives.

Required Qualifications:

  • Bachelor's degree or equivalent (Human Resources or Business Management preferred)
  • 3+ years HR experience (Compensation, Payroll, or Employee Relations domains preferred)
  • 3+ years business experience with the ability to design and build moderately complex business/analytical models and the ability to effectively communicate analyses and/or recommendations with stakeholders
  • Proficient with a variety of software, including Microsoft Office programs (Excel proficiency a must)
  • Proven exceptional written and verbal communication skills

Preferred Qualifications:

  • CCP/HRM Certification (or local geo equivalent)
  • Experience administering variable incentive compensation plans
  • Experience working in a highly matrixed organization
  • Experience working with Incentive Compensation Management/HR Systems (Varicent preferred)

WHAT WE OFFER

  • Market Total Rewards Package
  • Retirement Plan
  • Medical Plan (HMO) from Day 1 of employment
  • Dental, Medical, and Optical Reimbursements
  • Life and Disability Insurance
  • Paid Time-Off Benefits
  • Sick Leave Conversion
  • Tuition Fee Reimbursement
  • Employee Assistance Program (EAP)
  • Annual Performance Based Merit Increases
  • Employee Recognition
  • Training and Staff Development
  • Employee Referral Program
  • Employee Volunteerism Opportunity
  • All Mandatory Statutory Benefits

WHO WE ARE

  • Optum is the health care technology and innovation company of the UnitedHealth Group enterprise along with UnitedHealthcare.
  • UnitedHealth Group is a health care and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone.
  • We're a leading health solution and care delivery organization. Our work is complex, but our mission is simple: create a healthier world, with you at the center.
  • As part of a Fortune 5 enterprise, we are improving the health care experience of over 125 million people around the world.
  • We're a diverse team with operations across North America, South America, Europe, Asia Pacific and the Middle East. This includes our over 25,000 employees in the Philippines.
  • Elevate your career with a leading health care company while improving lives.

Join us in evolving health care so everyone can have the opportunity to live their healthiest life. This is your opportunity to be part of a team that's dedicated to Caring. Connecting. Growing together

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