Workday Compensation and Benefits Systems Analyst

Job Description

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. Bachelors 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 for ongoing skills development. Multi-directional career paths that offer professional growth and development through new challenges, internal mobility and expanded roles. We actively nurture an environment that builds a sense of inclusion belonging and connection, including eight Employee Resource Groups. All Abilities, Asian Support Network, Black Leadership Network, Climate Action Network, Hola! MSCI, Pride Allies, Women in Tech, and Women s Leadership Forum. At MSCI we are passionate about what we do, and we are inspired by our purpose - to power better investment decisions. You ll be part of an industry-leading network of creative, curious, and entrepreneurial pioneers. This is a space where you can challenge yourself, set new standards and perform beyond expectations for yourself, our clients, and our industry. MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data, and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. MSCI Inc. is an equal opportunity employer committed to diversifying its workforce. It is the policy of the firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, gender, gender identity, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy (including unlawful discrimination on the basis of a legally protected parental leave), veteran status, or any other characteristic protected by law. MSCI is also committed to working with and providing reasonable accommodations to individuals with disabilities. If you are an individual with a disability and would like to request a reasonable accommodation for . Please note, this e-mail is intended only for individuals who are requesting a reasonable workplace accommodation; it is not intended for other inquiries. To all recruitment agencies MSCI does not accept unsolicited CVs/Resumes. Please do not forward CVs/Resumes to any MSCI employee, location, or website. MSCI is not responsible for any fees related to unsolicited CVs/Resumes. Note on recruitment scams We are aware of recruitment scams where fraudsters impersonating MSCI personnel may try and elicit personal information from job seekers. Read our full note on careers.msci.com Quotes from Rahul Kulkarni, Andrew Schoewe, Eva Szadeczky-Kardoss There is fast decision-making and lots of accountability you get a lot of ownership. If you think something is a good idea from a technology perspective, you re free to pursue it. Everyone s voice is heard and appreciated. Rahul Kulkarni | Technology View Profile It s our job to disrupt MSCI and come up with new ways of working that s why it s such an exciting environment. Andrew Schoewe | Technology View Profile I learn something new every day, if not about technology then about climate or finance. I came for the software engineering challenge, but I stayed for the chance to make a difference to our climate. Eva Szadeczky-Kardoss | Technology View Profile Benefits At MSCI, we provide competitive benefits programs in every region in which we do business. Wherever you are with us, you will find benefits that can help ensure your health, wellbeing and financial security, so you can be at your best both in work and in your personal life. Our Here For You Employee Assistance Program provides financial and legal advice, confidential emotional support and free access to online information, resources and tools. Developmentopportunities Guided by your manager, our learning and development opportunities empower you to perform at your best, make and impact and shape your career. Career paths are multidirectional and we believe new and challenging experiences drive personal growth and innovation. Bengaluru MSCI Services Private Limited 2nd Floor, Plot No. 128/1, Ulsoor Road Bengaluru- 530042 Karnataka India Our Bengaluru office is located in the bustling business district of Whitefield, a major IT hub in "The Silicon Valley of India". The office has good access to public transport, with shopping centers and restaurants nearby. The office space is designed with vibrant color zones and themes, featuring multiple meeting rooms and custom-built workstations. These workstations are adjustable for height, catering to all working preferences. Additionally, the office has unique features like interactive workspaces, collaboration rooms, and social hubs that encourage creativity and teamwork. A wide range of amenities are available, such as a food court with dishes from all over India, chai points and vending machines for snacks.