Sr. Compensation Analyst

ABOUT THIS POSITION

The Senior Compensation Analyst plays a key role in the design, implementation, and administration of compensation programs. This role partners with People, Finance, and business leaders to ensure compensation practices are competitive, equitable, and aligned with organizational strategy. The position requires strong analytical capability, attention to detail, and the ability to translate data into actionable insights.

WHAT YOU'LL DO

Compensation Design & Administration

• Support the design, implementation, and ongoing management of base pay, bonus, and incentive programs

• Administer annual compensation processes, including merit planning, bonus payouts, and market adjustments

• Partner with People Business Partners and leadership on compensation recommendations and pay decisions

• Ensure alignment of compensation programs with internal equity and external market competitiveness

Market Analysis & Benchmarking

• Conduct market pricing using compensation surveys (e.g., Radford, Mercer, Salary.com) to assess competitiveness
• Develop and maintain salary structures, pay ranges, and job architectures
• Analyze compensation trends and provide recommendations to leadership

Data Analysis & Reporting

• Perform complex data analysis to support compensation decisions and strategic initiatives
• Build models, dashboards, and reports to track compensation metrics (e.g., compa-ratio, pay equity, range penetration)
• Support pay equity analyses and compliance reviews, including gender and diversity pay studies

Compliance & Governance

• Ensure compliance with federal, state, and local compensation regulations (e.g., FLSA, pay transparency laws)
• Support documentation and audit readiness for compensation practices
• Maintain accurate job and compensation data within HRIS systems

Stakeholder Partnership

• Collaborate with People, Talent Acquisition, and Finance on offers, promotions, and workforce planning

• Provide guidance and education to leaders on compensation philosophy, policies, and practices

• Support executive and board-level compensation analyses, as needed

WHAT YOU'LL NEED

• Bachelor's degree in Human Resources, Finance, Business, or related field
• 3-5+ years of experience in compensation or total rewards
• Strong analytical and quantitative skills (advanced Excel required; experience with modeling and data visualization preferred)
• Experience with market pricing and salary survey tools
• Knowledge of compensation principles, practices, and compliance requirements

Preferred

• Experience supporting equity and/or incentive compensation programs
• Familiarity with HRIS systems (e.g., Workday, SuccessFactors)
• Experience with compensation tools (e.g., Radford/Aon, Mercer, PayScale)
• CCP (Certified Compensation Professional) certification or progress toward certification

ABOUT WAYSTAR

Through a smart platform and better experience, Waystar helps providers simplify healthcare payments and yield powerful results throughout the complete revenue cycle.

Waystar's healthcare payments platform combines innovative, cloud-based technology, robust data, and unparalleled client support to streamline workflows and improve financials so providers can focus on what matters most: their patients and communities. Waystar is trusted by 1M+ providers, 1K+ hospitals and health systems, and is connected to over 5K commercial and Medicaid/Medicare payers. We are deeply committed to living out our organizational values: honesty; kindness; passion; curiosity; fanatical focus; best work, always; making it happen; and joyful, optimistic & fun.

Waystar products have won multiple Best in KLAS or Category Leader awards since 2010 and earned multiple #1 rankings from Black Book surveys since 2012. The Waystar platform supports more than 500,000 providers, 1,000 health systems and hospitals, and 5,000 payers and health plans. For more information, visit waystar.com or follow @Waystar on Twitter.

WAYSTAR PERKS

• Competitive total rewards (base salary + bonus, if applicable)
• Customizable benefits package (3 medical plans with Health Saving Account company match)
• We offer generous paid time off for our non-exempt team members, starting with 3 weeks + 13 paid holidays, including 2 personal floating holidays. We also offer flexible time off for our exempt team members + 13 paid holidays
• Paid parental leave (including maternity + paternity leave)
• Education assistance opportunities and free LinkedIn Learning access
• Free mental health and family planning programs, including adoption assistance and fertility support
• 401(K) program with company match
• Pet insurance
• Employee resource groups

Waystar is proud to be an equal opportunity workplace. We celebrate, value, and support diversity and inclusion. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, marital status, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.