Abbott Senior Specialist Compensation & Benefits in Abbott Park, Illinois
At Abbott, we're committed to helping people live their best possible life through the power of health. For more than 125 years, we've brought new products and technologies to the world -- in nutrition, diagnostics, medical devices and branded generic pharmaceuticals -- that create more possibilities for more people at all stages of life. Today, 99,000 of us are working to help people live not just longer, but better, in the more than 150 countries we serve.
Abbott’s executive compensation team is seeking a compensation analyst. The right candidate for this role will be highly energetic and ready for a challenge. Candidates should exhibit growth potential while displaying solid skill sets in the analyst/consultant role.
This role will be focused on administering several deferred compensation programs, as well as working on executive compensation projects. This position will be classified as an Executive Compensation Specialist or an Executive Compensation Senior Specialist based on the qualifications of the candidate selected for the position.
Core Job Responsibilities:
Support quarterly and annual deferred compensation administration
Prepare program communications for management review and approval
Generate distribution lists and distribute open enrollment communications
Answer participant questions, research and follow-up as needed with key stakeholders
Review plan documents annually and recommend adjustments to management
Support day-to-day activities including working with vendors, payroll, finance
Ensure feeds occur as scheduled and resolve any discrepancies
Establish quality control audits and procedures
Complete data audits and testing
Ensure funding requirements are met
Run audits to ensure tax, demographic, retirement, payroll details are correct
Create workflows to resolve any issues. Escalate to management as needed.
Create and deliver reports
Maintain deferred compensation data in accurate and usable form
Maintain key employee lists
Ensure plan administration compliance
Collaborate with Abbott Treasury, Finance, Payroll, and other internal functions as needed to support deferred compensation administration
Work on other executive compensation projects as needed
Three to five years’ experience in compensation and/or benefits administration, preferred
Experience submitting, analyzing, and summarizing data as well as creating and developing reports
Detail oriented, with strong, analytical, mathematical, and process skills
Highly proficient in Excel and Access with working knowledge of other MS Office programs
Able to solve problems taking into account the customer, strategic, and operational perspectives
Able to multi-task and work in an environment with multiple deadlines
Able to work effectively, both independently and as part of a team, with initiative and accuracy
Strong interpersonal skills to establish and maintain relationships with internal and external partners
Bachelor’s degree required with preference for financial degree. Strong quantitative skills are necessary.
An Equal Opportunity Employer
Abbot welcomes and encourages diversity in our workforce.
We provide reasonable accommodation to qualified individuals with disabilities.
To request accommodation, please call 224-667-4913 or email firstname.lastname@example.org