What are the responsibilities and job description for the Compensation Analyst - Carmel, IN position at OPENLANE?
Who We Are
At OPENLANE we make wholesale easy so our customers can be more successful.
We’re a technology company building the world’s most advanced—and uncomplicated—digital marketplace for used vehicles.
We’re a data company helping customers buy and sell smarter with clear, actionable insights they can understand and use.
And we’re an innovation company accelerating the future of wholesale remarketing through curiosity, collaboration, and an entrepreneurial spirit.
Our Values
Driven Waybuilders. We pursue challenges that inspire us to build, create, and innovate.
Relentless Curiosity. We seek to understand and improve our customers’ experience.
Smart Risk-Taking. We transform risk into progress through data, experience, and intuition.
Fearless Ownership. We deliver what we promise and learn along the way.
We’re Looking For
A Compensation Analyst who will play a key role in the support of design, implementation, and administration of the company’s compensation programs, ensuring they are competitive, compliant, and aligned with organizational goals. This role requires a strong focus on analyzing and managing base pay, variable pay, and incentive structures, with a specialized emphasis on supporting the company's sales compensation plans and processes. The analyst will provide analytical support, research best practices, and contribute to the successful execution of annual compensation cycles.
You Will
General Compensation:
At OPENLANE we make wholesale easy so our customers can be more successful.
We’re a technology company building the world’s most advanced—and uncomplicated—digital marketplace for used vehicles.
We’re a data company helping customers buy and sell smarter with clear, actionable insights they can understand and use.
And we’re an innovation company accelerating the future of wholesale remarketing through curiosity, collaboration, and an entrepreneurial spirit.
Our Values
Driven Waybuilders. We pursue challenges that inspire us to build, create, and innovate.
Relentless Curiosity. We seek to understand and improve our customers’ experience.
Smart Risk-Taking. We transform risk into progress through data, experience, and intuition.
Fearless Ownership. We deliver what we promise and learn along the way.
We’re Looking For
A Compensation Analyst who will play a key role in the support of design, implementation, and administration of the company’s compensation programs, ensuring they are competitive, compliant, and aligned with organizational goals. This role requires a strong focus on analyzing and managing base pay, variable pay, and incentive structures, with a specialized emphasis on supporting the company's sales compensation plans and processes. The analyst will provide analytical support, research best practices, and contribute to the successful execution of annual compensation cycles.
You Will
General Compensation:
- Market Analysis: Conduct job evaluations and market pricing to determine competitive pay ranges. Participate in compensation surveys and analyze market data to maintain the company's competitive positioning.
- Program Administration: Support the administration of annual compensation planning cycles, including merit increases, promotions, and bonus payouts.
- Compliance: Ensure compensation programs adhere to federal, state, and local wage and hour laws and regulations.
- Data Management: Maintain compensation-related data integrity in Workday or other relevant files and systems.
- Reporting: Prepare internal and external compensation reports, models, and presentations for HR leadership and business partners.
- Plan Design Support: Assist in the design, documentation, and modeling of sales incentive compensation plans for various sales roles, ensuring alignment with sales strategy and financial objectives.
- Commission Administration: Manage the calculation, processing, and auditing of sales commissions and incentive payments in a timely and accurate manner.
- Performance Tracking: Work closely with Finance and Sales Operations to track and analyze sales performance data against plan metrics.
- Communication: Prepare and deliver communication materials to sales teams regarding their compensation plans.
- Bachelor's degree in Finance, Accounting, Business Administration, Human Resources, or a related field.
- 2 years of experience in compensation analysis, financial analysis, or a related analytical role.
- Proven experience in sales compensation, commission, or incentive plans.
- Advanced proficiency in Microsoft Excel (e.g., pivot tables, VLOOKUP, complex formulas).
- Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy.
- Experience with a major HRIS (e.g., Workday, SAP, Oracle) and/or dedicated Sales software.
- Excellent written and verbal communication skills, with the ability to explain complex compensation concepts.
- Competitive pay
- Medical, dental, and vision benefits with employer HSA contributions (US) and FSA options (US)
- Immediately vested 401K (US) or RRSP (Canada) with company match
- Paid Vacation, Personal, and Sick Time
- Paid maternity and paternity leave (US)
- Employer-paid short-term disability, long-term disability, life insurance, and AD&D (US)
- Robust Employee Assistance Program
- Employer paid Leap into Service Day to volunteer
- Tuition Reimbursement for eligible programs
- Opportunities to expand your skill set and share your knowledge across a publicly traded, global organization
- Company culture of internal promotions, diverse career paths, and meaningful advancement