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Talent & Culture Compensation Lead Analyst

| Chicago

The Team: The Corporate team unites a variety of functions at Morningstar including design, marketing, finance, quality, Talent & Culture (HR), corporate communications, legal, compliance, strategic planning, and technology with the goal of keeping our business running smoothly. Each of these functions plays an essential role in supporting our company's infrastructure, day-to-day operations, and ongoing strategic initiatives. 

The Role: We believe that people are our most important asset. Our people—through their creativity, talent, and willingness to learn—are essential to the success of our company. We are looking for a bright, energetic, and driven individual to serve as a Lead in Talent & Culture focusing on Compensation. As a member of the team, you will contribute to the overall success of the team and positive experience for our employees, managers, and colleagues. In this role, you will be expected to act with a high degree of autonomy, sitting in the critical intersection between the Rewards, Operations, and Business Partner functions within Talent & Culture. You will lead critical  compensation initiatives, processes, and projects to successful execution. This position dual reports to Total Rewards and our core Talent & Culture specialist team. This position is based in our Chicago office. 

Responsibilities:

  • Operate as integrated member of the total rewards team and our Talent & Culture specialist team.
  • Develop best practices and handle exception process in partnership with Business Partners for compensation program delivery
  • Own standard operating procedures in compensation space, ensuring all documentation is available and up to date.
  • As the compensation team lead, determine quality and audit procedures and oversee domain related processes. 
  • Serve as subject matter expert and solution architect for implementation of  compensation related processes in HRIS 
  • Liaise with counterparts across Total Rewards and our Talent & Culture generalist team to ensure consistency of process and employee experience where possible 
  • Proactively identify process improvements and opportunities to streamline, automate, and transition work to centralized teams 
  • Serve as an escalation point for questions related to compensation, via AskHR Service Desk, while complying with defined service level agreements
  • Train and instruct Talent & Culture Specialist and Business Partners on processes and programs related to compensation 
  • Manage projects, programs and initiatives within Compensation
  • Lead equity process for all related stock ownership programs including preparation for Board related materials
  • Internal audit liaison 

     

Competencies 

To be successful in this role, the Talent & Culture Compensation Lead should have an awareness and basic understanding of the following skilled areas with the ability to apply such skills under general supervision: 

  • Application of company, TC (Talent & Culture), and compensation strategies, philosophies, and approaches 
  • Application of fundamental compensation skills, in the areas of research and benchmarking, analytics, financial savvy and cost-benefit analysis, program design and implementation, process management and process improvement, vendor management, compliance, and consult in  offers of employment 
  • Ability to educate, train, and communicate with Talent & Culture counterparts, managers and employees compensation initiatives and foundational knowledge 
  • Ability to utilize and leverage core business and TC-specific resources, processes, technologies, and internal/external networks when solving business challenges 
  • Ability to problem solve and provide consultation/advising to stakeholders to deliver customized compensation solutions for organization challenges 
  • Knowledge of current compensation industry best-practices, strategies, technology, and service providers 
  • Knowledge of relevant laws, legal rulings, and regulations 

 

Requirements 

  • A minimum of a bachelor's degree or its equivalent. 
  • Strong analytical skills and curiosity.
  • Minimum of 3-5 years of professional experience and a proven track record in Talent & Culture or in a service, project management, or analytic function. 
  • Prior experience with compensation or employee and manager coaching is desired
  • Proven ability to learn quickly, behave professionally, and proactively take responsibility
  • Ability to work collaboratively or on an independent basis
  • Demonstration of a high level of discretion and candor relating to sensitive or confidential information
  • Strong to expert analytical skills and the ability to solve problems on a strategic level
  • Excellent communication skills and high emotional intelligence. 

 

Morningstar is an equal opportunity employer.

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Technology we use

  • Engineering
    • .NETLanguages
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • ScalaLanguages
    • D3JSLibraries
    • ReactLibraries
    • AngularJSFrameworks
    • Backbone.jsFrameworks
    • Ember.jsFrameworks
    • ExpressFrameworks
    • FlaskFrameworks
    • Node.jsFrameworks
    • PlayFrameworks
    • SpringFrameworks
    • Maria DBDatabases
    • MemcachedDatabases
    • Microsoft SQL ServerDatabases
    • MySQLDatabases
    • PostgreSQLDatabases

Location

22 W. Washington , Chicago, IL 60602

What are Morningstar Perks + Benefits

Culture
Volunteer in local community
Open office floor plan
Health Insurance & Wellness Benefits
Dental Benefits
Vision Benefits
Health Insurance Benefits
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Company Equity
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Sabbatical
Perks & Discounts
Casual Dress
Commuter Benefits
Happy Hours
Parking
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement

Additional Perks + Benefits

Compensation at Morningstar is more than a salary. It’s about making positive contributions to both life and work. We give our diverse workforce the choice and flexibility they need to maintain their health, retirement plans, time, and professional growth.

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