Compensation Analyst

4 weeks ago

London, Ontario, Canada Workplace Safety and Insurance Board (WSIB) Full time

Flexible Work Environment
At the Workplace Safety and Insurance Board (WSIB), we recognize that our employees have diverse working styles and personal commitments. We offer a blend of office, field, and remote work options to help you achieve a healthy work-life balance.

About WSIB
Our mission is to assist individuals who experience workplace injuries or illnesses. We act swiftly to provide wage-loss benefits, medical coverage, and support to facilitate their return to work. As one of North America's largest insurance organizations, we serve over five million individuals across more than 300,000 workplaces in Ontario. For further details, please visit our website.

Opportunities at WSIB
At WSIB, you will have the chance to:

  • Explore various career trajectories and pursue your interests
  • Engage in continuous professional development
  • Receive recognition for your contributions
  • Participate in health and wellness initiatives

We offer a competitive salary, comprehensive benefits, and a defined benefit pension plan.

Salary Range: $71,720.18

Position Overview
As a Compensation Analyst, you will be responsible for calculating the average earnings basis to ensure timely processing of lost time workers' benefit payments, utilizing relevant systems.

In your role as a payment expert within a provincial team, you will review, analyze, and respond to inquiries from workplace parties and WSIB staff, recommending solutions while adhering to applicable legislation, policies, and procedures.

Key Responsibilities

  • Verify the accuracy of benefit payment authorizations and gather necessary information for earnings basis determination
  • Collaborate with adjudication staff to identify appropriate actions regarding payments
  • Provide detailed explanations of payments in memo format
  • Consult with management on complex payment issues
  • Identify and monitor cases requiring recalculation
  • Calculate, prorate, and ensure funds are allocated to the correct payees
  • Create online payment transactions and adjustments, documenting required information
  • Offer specialized technical advice and assistance by:
  • Providing guidance on payment matters related to policies and procedures
  • Responding to inquiries from adjudication staff regarding the correct application of benefit payment policies
  • Addressing employer and worker inquiries about the correct application of benefit payment policies in relevant cases
  • Documenting payment histories, providing benefit/payment status, and offering detailed written explanations in compliance with privacy guidelines
  • Performing other related duties as assigned

Qualifications

  • High school diploma
  • Minimum one year of experience in financial or mathematical concepts
  • Strong interpersonal and judgment skills
  • Ability to manage and prioritize workload while delivering high-quality customer service
  • Analytical, problem-solving, and critical thinking skills to assess and interpret policy and complex calculations
  • Proficiency in computer applications, including MS Office

Commitment to Diversity and Inclusion
We value the diversity of our workforce and strive to create an inclusive environment where all employees can thrive.

Accessibility and Accommodations
WSIB is dedicated to accessible and inclusive employment practices. If you require accommodations during the recruitment process, please inform us, and we will work to meet your needs.

Ethical Standards
As public servants, WSIB employees are expected to act ethically to foster a respectful workplace and maintain public trust. Applicants must disclose any potential conflicts of interest that may arise from personal relationships or outside employment.

Privacy Notice
We collect personal information from your application materials under the authority of the Workplace Safety and Insurance Act, 1997, to assess your qualifications for vacant positions.

Pre-employment Requirements
Prospective candidates must undergo a criminal records name check prior to or after hiring.

Position Details

  • Seniority Level: Entry Level
  • Employment Type: Full-time
  • Job Function: Accounting/Auditing and Finance
  • Industries: Public Safety, Government Administration, and Insurance

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