Principal Compensation Specialist

Company Overview:
CB&I

is the most experienced and the only worldwide builder and designer of industrial storage products and facilities. Headquartered in Houston, Texas, CB&I has the global expertise and strategically located operations to provide engineering, procurement and construction solutions for our customers most complex energy

projects.

Overview:
The

Principal Compensation Specialist

is a recognized subject matter expert and highly experienced and specialized individual contributor focusing on compensation design, management, and analysis. Responsibilities typically include managing large projects or processes with limited oversight from manager.

Within CB&I, this role directly reports to the Global Total Rewards Lead or Global HR Lead and routinely interacts internally with HR business partners, executive management and externally with third-party vendors.

Responsibilities:
Compensation program design (e.g., salary and incentive structures, pay policy, etc.);
Compensation plan management (e.g., changes to base pay, short-term and long-term incentives, allowances, retention, deferred compensation, etc.);
Compensation evaluation and analysis (e.g., job analysis, evaluation and classification, survey participation, policy, and rewards benchmarks and reviews);
Communication (e.g. , guidance and compensation program features, plans, and options);
Vendor management (e.g., consultants for program design and advice for the compensation plans)
Structure compensation and benefits programs that align rewards with organization goals
Analyze, model and administer merit and other salary increases
Manage job evaluation systems and position description
Analyze market data to assess the organization's competitive position
Manage short and long term incentive programs
Select and manage compensation & benefits consultants and global market surveys
Work closely with HR business partners and leads
Analyze compensation systems and releases and advise on needs
Identify and mitigate potential issues with updates to system resulting from policy or regulatory changes, consulting with functional users to implement and test such changes
Act as a liaison between the business and third-party support consultant
Build, administer and advise on compensation programs and processes across the organization
Produce and analyze compensation reports, reach conclusions, or make recommendations to achieve business goals
Recommend new approaches, policies, and procedures to effect continual improvements
Support implementation of standard communications, processes, and reporting for HR annual cycle activities

Qualifications:
Typically 15-20 years since first degree and 15+ years of relevant experience
15+ years in a HR Total Rewards role
BS in Business (HR Management) or equivalent certification/experience preferred
Knowledge of CB&I systems (PeopleSoft, Taleo, ICIMS, JDE, Market Pay etc.) and HR Processes
Experience in the EPC industry desired

Skills and Behaviors:
Ability to use Microsoft Excel or other systems for tracking and reports
Knowledge of CB&I products and markets
Proactively identifies and solves the complex problems with minimal oversight
Strong analytical and problem-solving skills
Mentally agile and ability to multi-task and manage tight deadlines
Demonstrated business partnering skills
A mature business and technical acumen coupled with a drive to achieve results
Strong communication and presentation skill, both written and verbal
Ability to work and build credibility across the business, up to and including senior management level
Proactively embraces and promotes the companys values and culture, including diversity & inclusion and a healthy and safe work environment

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