Senior Compensation Analyst

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Date: May 6, 2022

Location: Phoenix, AZ, US

Company: SRP

SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona.

Job Brief

The Senior Compensation Analyst performs activities to develop, implement and administer compensation policies and programs. This position ensures that compensation plans are competitive, fiscally viable and in accordance with local and federal labor law requirements. The Senior Compensation Analyst will evaluate SRP’s compensation packages by analyzing responsibilities and doing a comparative analysis against qualified market data. This position requires outstanding business acumen and sound understanding of compensation analysis, in addition to the ability to work confidently with highly sensitive and confidential information.


Job Responsibilities

  • Partner with assigned business unit on compensation related items such a salary administration, job descriptions, reorganizations and workforce needs.
  • Serve as the primary resource for salary administration across the organization. This includes but is not limited to salary structure design and maintenance, merit planning, pay recommendations, short term incentive awards, and workforce budget review.
  • Manage and maintain job descriptions for the organization. Audit and develop job descriptions reflecting responsibilities, duties, and requirements. Conduct job evaluations and determine FLSA exemption status, salary grade assignment, and job worth hierarchy that is within company and statutory guidelines.
  • Use published or conduct ad hoc surveys to obtain and analyze market pay rates. Make recommendations on appropriate pay grade level. Review recommendations for internal equity.
  • Complete salary surveys, requests for information, and review best practice to support decisions and workforce dynamics.
  • Design and administer new programs and policies to support company objectives, culture and market dynamics, while maintaining a focus on regulatory and statutory guidelines.
  • Plan and manage internal projects from the initiation and development phase to delivery and completion. Effectively and accurately communicate status to project stakeholders and team.
  • Utilize software programs, reporting tools, and databases to review and analyze compensation information which are used to administer SRP’s pay programs.
  • Other duties as assigned


Completion of a Bachelor's Degree from an accredited institution that prepares the employee for the assignment.


Promotion to Level 2 requires a minimum of two years experience at Level 1 and demonstrated capability to perform advanced and more difficult work as determined by the supervisor.  Promotion to Senior Level requires a minimum of 3 years experience at Level 2, is fully competent in all aspects of functional area of assignment and as such would be recognized as a specialist in area of assignment and may have periodic or occasional lead responsibilities.

Additional Information

  • Gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends.
  • Research, critical thinking and evaluation skills with the ability to reason through data findings and develop recommendations.
  • Use analytics to monitor the effectiveness of compensation plans.
  • Very strong analytical and problem-solving skills.
  • Advanced knowledge of excel.
  • Provide guidance to HR Business Partners and managers for pay actions.
  • Actively participate in the successful implementation and administration of our short-term and long-term incentive programs.
  • PHR, SPHR, or CCP preferred.


Requisition Details

Requisition ID: 13618



Equal Opportunity Employer Statement


Salt River Project (SRP) recognizes diversity and inclusion as key drivers of innovation and growth, and seeks to attract a diverse employee base that reflects our community. We are committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, military status or any other protected status under applicable federal, state or local law. Ultimately, SRP aspires to fully apply the power of diversity and inclusion to build a more equitable and sustainable future for our customers, employees and community.


Drug/Alcohol Policy Statement


In order to promote the safety and well-being of our employees, customers and the communities we serve, SRP is committed to maintaining a drug/alcohol free work environment. Although marijuana may now be legal in Arizona, except as otherwise specified under Arizona law, SRP considers it to be an illegal drug for the purpose of our drug/alcohol policy because marijuana remains illegal at the federal level. Any candidate found to be impaired during the hiring process or who has the presence of an illegal drug or unauthorized substance in their system during the pre-employment drug/alcohol test may be disqualified from further consideration in the hiring process.


All candidates must be legally authorized to work in the United States.
Currently, SRP does not sponsor H1B visas.



Why Work at SRP


SRP's success is rooted in our employees' happiness, health and safety. That's why we offer a comprehensive benefits package to meet the needs of our employees and enhance their well-being. In addition to competitive pay and performance incentives, eligible employees can take advantage of the following benefits:


• 401(k) plan with employer matching
• Retirement pension
• Paid vacation
• Parental leave
• Holiday pay
• Sick leave
• Medical, vision, dental and life insurance
• Wellness programs
• Pre-tax benefits
• Short and long-term disability plans
• Tuition assistance


Nearest Major Market: Phoenix

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