We are looking for an experienced Senior Compensation Analyst - Total Rewards to join a leading organization in the insurance industry on a Contract basis in Toronto, Ontario. This position focuses on compensation analysis, incentive program support, and regulatory alignment, while helping leaders make informed pay decisions through sound data and market insight. The successful candidate will bring strong analytical judgment, deep knowledge of compensation practices, and the ability to translate complex findings into practical recommendations for business and HR stakeholders.

Contract duration: 12 weeks.

Location/work model: downtown Toronto, 2 days onsite (can be flexible)

Responsibilities

• Conduct detailed reviews of market compensation data and industry trends to assess program competitiveness and provide informed guidance to HR and business leaders.
• Develop and refine salary, incentive, and recognition frameworks that support organizational objectives while reflecting local market conditions.
• Create and maintain financial and compensation models to evaluate program costs, compare scenarios, and support implementation planning.
• Turn quantitative findings and business context into clear recommendations, including in situations where information is incomplete or changing.
• Perform pay equity assessments and help maintain compliance with applicable pay transparency and compensation-related legislation across multiple jurisdictions.
• Contribute to compensation survey participation and benchmark analysis to support broader total rewards strategy and decision-making.
• Carry out job evaluations across a range of role levels and complexities to promote internal consistency and equitable pay practices.
• Assist with the administration and ongoing enhancement of compensation structures, salary planning activities, pay policies, and incentive plans.
• Partner closely with Total Rewards and HR teams to deliver tailored compensation solutions that address business needs and workforce priorities.
• Support research and analysis related to wellness and evolving total rewards practices to inform future program improvements.

Requirements

• At least 8 years of progressive experience in total rewards, with strong depth in compensation analysis, program design, incentive structures, and compensation principles.
• Bachelor’s degree in Business Administration, Human Resources, Finance, Economics, or a related discipline is preferred.
• A compensation designation or progress toward one is considered an asset.
• Advanced capability in financial modelling, including cost analysis, scenario development, and interpretation of compensation data.
• Strong analytical and problem-solving skills, with the ability to form practical recommendations from market, financial, and business information.
• Demonstrated ability to manage ambiguity, organize competing priorities, and work effectively on complex issues with evolving inputs.
• Advanced proficiency with Excel, PowerPoint, and Microsoft Office, including experience building models and presenting data visually.
• High level of discretion and accuracy when handling sensitive compensation information, with the ability to work both independently and collaboratively

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