MSCI - Workday Compensation/Benefits System Analyst (11-15 yrs)

Job Description :

Your Team Responsibilities :

- Lead the design, configuration, and testing of compensation and benefits processes within the Workday HCM platform, ensuring accurate data flow and compliance with company policies.

- Provide system maintenance and troubleshooting for compensation, benefits, and payroll systems, ensuring they are up-to-date and functioning seamlessly.

- Collaborate with HR, IT, Finance, and other stakeholders to gather system requirements, analyze business needs, and provide recommendations for system improvements.

- Manage the advanced compensation processes, including merit cycles, bonus plans, stock options, and other compensation programs, ensuring proper setup in Workday.

- Handle the configuration of benefits within Workday, ensuring all benefit plans are accurately set up, enrollment options are available, and compliance is met.

- Perform data analysis and reporting within Workday, providing meaningful insights on compensation trends, benefits utilization, and program performance.

- Support Workday system upgrades and releases, ensuring the compensation and benefits modules are properly tested and aligned with the latest features.

- Serve as a subject matter expert on Workday Advanced Compensation and Benefits, providing training and support to users across the organization.

- Ensure data integrity and perform regular audits to verify the accuracy of compensation and benefits data within Workday.

- Troubleshoot and resolve system issues and escalate complex issues to the appropriate teams, ensuring minimal disruption to business operations.

Your Key Responsibilities :

- System Configuration and Optimization : Configure and maintain the Workday system for advanced compensation and benefits processes, ensuring they are aligned with business goals and industry best practices.

- Reporting and Analytics : Develop and run reports to monitor compensation and benefits data, identifying trends and providing actionable insights to leadership.

- Collaboration with Cross-Functional Teams : Work closely with HR, Finance, IT, and Payroll teams to align Workday configurations with evolving business requirements and compliance standards.

- Testing and Documentation : Participate in functional testing of new system functionality and document processes for future reference and training.

- User Training and Support : Provide training and end-user support for Workday compensation and benefits modules, ensuring stakeholders are well-equipped to use the system effectively.

- Continuous Improvement : Proactively recommend process improvements and system optimizations to streamline workflows and improve system performance.

- Compliance and Audits : Ensure compensation and benefits data within Workday meets compliance standards and organizational policies, performing audits as necessary.

Your skills and experience that will help you excel :

- Workday Expertise : In-depth experience with Workday HCM, specifically Advanced Compensation and Benefits modules (including compensation cycles, bonus plans, stock options, benefits configurations).

- Technical Proficiency : Strong understanding of Workday report writing, data transformation, and integrations with external systems.

- Compensation and Benefits Knowledge : Solid understanding of compensation structures (base pay, bonuses, equity, etc.) and benefits plans (healthcare, retirement, Insurance, etc.), with the ability to configure and troubleshoot within Workday.

- Problem-Solving : Strong analytical skills and the ability to diagnose and resolve system issues quickly.

- Attention to Detail : Exceptional attention to detail with a focus on data integrity, accuracy, and compliance.

- Project Management : Proven ability to handle multiple tasks, prioritize deadlines, and manage projects within a fast-paced, dynamic environment.

- Communication Skills : Excellent verbal and written communication skills, with the ability to work collaboratively across cross-functional teams.

- Experience with HRIS systems : Prior experience in implementing or supporting HRIS systems, particularly in compensation and benefits areas, is highly preferred.

- Bachelor's Degree : Degree in Engineering, Information Systems, Business Administration, or a related field preferred. Equivalent work experience will be considered.

About MSCI :

What we offer you :

- Transparent compensation schemes and comprehensive employee benefits, tailored to your location, ensuring your financial security, health, and overall wellbeing.

- Flexible working arrangements, advanced technology, and collaborative workspaces.

- A culture of high performance and innovation where we experiment with new ideas and take responsibility for achieving results.

- A global network of talented colleagues, who inspire, support, and share their expertise to innovate and deliver for our clients.