Compensation & Total Rewards Lead
Job Description:Our client is seeking an experienced Compensation & Total Rewards Lead on a contract basis to lead a comprehensive market benchmarking and internal compensation review, focused primarily on the US and Canada. This role will play a critical part in ensuring our salary structures and total rewards offerings are competitive, equitable, and aligned with our business strategy.This role will conduct external benchmarking, evaluate internal compensation data, and develop structured salary guidelines across practices, levels, and actuarial credential progression. This role requires strong attention to detail, excellent analytical and interpersonal capabilities, and experience translating data into actionable compensation recommendations. Key Responsibilities:Market Benchmarking & ResearchConduct a comprehensive benchmarking analysis of salary, bonus, and total rewards across relevant markets (Life, P&C, and Health actuarial consulting)Identify appropriate peer groups and data sources, including both internal data and industry benchmarks/surveysAnalyze trends in compensation tied to actuarial credentials, exams, years of experience, and specialization areas Salary Framework DevelopmentDevelop structured salary ranges/guidelines by:Practice areaRole / job familyLevel of experienceActuarial exam progression / credential (e.g., ASA, FSA)Propose frameworks for base salary and total compensation positioning Internal Compensation AnalysisReview current employee compensation data across practices, roles, and geographiesAssess alignment with market benchmarks, internal equity, and pay progression expectationsIdentify outliers, compression issues, and inconsistenciesPartner with HR leadership to prioritize potential adjustments based on impact, risk, and budget considerations Total Rewards ReviewEvaluate broader rewards package (benefits, incentives, exam support, etc.)Recommend enhancements to improve competitiveness and retention Stakeholder Engagement & DeliverablesPresent findings and recommendations to HR leadership and senior business stakeholdersDevelop clear, actionable reports and tools (e.g., compensation bands, guidelines, dashboards)Provide documentation to support ongoing compensation management Experience Required:5+ years of experience working in compensation, human resources, finance, or HR analytics rolesStrong proficiency in Microsoft Office, especially Excel and PowerPoint; must be comfortable working with and manipulating large amounts of data in Excel (pivot tables, modeling, etc.)Ideal candidate would have experience working with compensation survey data, preferably in actuarial, insurance, consulting, or professional services environmentsFamiliarity with actuarial career paths and credential structures (ASA, FSA, exams)