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

Basic Qualifications:

  • 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 corpjat@abbott.com