The Principal Compensation Analyst is a senior individual contributor and the organization’s go-to technical expert across executive compensation, equity, incentive design, and broad-based compensation. Reporting to the VP, Total Rewards, the role delivers executive-ready analysis, modeling, and recommendations that inform pay decisions for the executive team and the broader organization, and supports the governance processes that underpin InnovAge’s compensation program.

Working without direct reports, the Principal Compensation Analyst partners closely with Human Resources, Finance, Legal, Payroll, HRIS, Talent Acquisition, and external compensation consultants to translate complex compensation questions into clear, defensible guidance. The Principal Compensation Analyst also partners closely with the business to understand their needs and create meaningful, productive outcomes.

The role carries high visibility with senior HR, Finance, and Legal leaders and contributes to materials and analyses that reach executive leadership and the Compensation Committee. The Principal Compensation Analyst operates independently, exercises sound judgment with highly confidential information, and brings rigor, structure, and a market-informed point of view to every recommendation.

Essential Functions and Work Responsibilities

Executive Compensation and Governance

• Partners with our external compensation consultant to conduct executive and NEO compensation analysis, including base, annual incentive, and long-term incentive benchmarking against an approved peer group.
• Maintain executive peer groups and market data sets; analyze competitive positioning and pay-for-performance alignment.
• Build executive-ready scenario models (e.g., pay mix, target-setting, vesting, and realizable pay) to inform recommendations.
• Support the design and governance of executive compensation frameworks, guidelines, and documentation that are consistent, defensible, and audit-ready.

Compensation Committee, Proxy, and Public-Company Support

• Prepare and quality-check analyses, exhibits, and presentation materials that support Compensation Committee meetings and executive decision-making.
• Support the annual proxy / CD&A process, including data preparation and review of compensation tables, pay-versus-performance, and related disclosures, in partnership with Legal, Finance, and external advisors.
• Help maintain the executive compensation calendar, tracking key decisions, approvals, and filing milestones to ensure governance continuity.
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• Partner with external compensation consultants to validate methodology, benchmarking, and recommendations.

Equity / Stock Plan Partnership

• Partner with Legal, Finance, Payroll, and external stock-plan vendors on stock plan administration including equity grants, reporting, controls, reconciliation, and employee and executive equity matters.
• Support equity grant modeling, annual award planning, vesting schedules, dilution and burn-rate modeling, and equity reporting.
• Help ensure equity data integrity across stock-plan, HRIS, payroll, and financial systems through reconciliation and review.
• Support controls and audit readiness for equity programs (e.g., approval documentation and SOX support), with understanding of related SEC filings and Section 16, in partnership with Legal and Finance.
• Contribute to clear participant and executive communications and education on equity programs.

Incentive Compensation Plan Design

• Support the design, modeling, and governance of annual short- and long-term incentive plans, including metric selection, target-setting, and payout structures.
• Model plan costs, payout scenarios, and funding outcomes to inform plan design and business planning.
• Perform and review incentive payout calculations and support plan documentation and governance.
• Evaluate plan effectiveness and competitiveness and recommend refinements.

Broad-Based Compensation and Market Intelligence

• Lead market pricing, job evaluation, and salary-structure development across the organization, ensuring internal equity and external competitiveness.
• Manage participation in compensation surveys and maintain accurate job matching and market data.
• Support annual merit, bonus, and equity planning cycles, including budgets, guidelines, tools, modeling, and analytics.
• Provide compensation recommendations for offers, promotions, transfers, reclassifications, and other pay actions.
• Determine FLSA classifications and grade assignments through job analysis and consistent evaluation methodology.

Analytics, Compliance, and Process Improvement

• In partnership with Analytics, build models, dashboards, and reporting that give leaders clear, timely visibility into pay competitiveness, cost, and program outcomes.
• Support pay equity, internal equity, and regulatory compliance analyses (e.g., FLSA, pay transparency, minimum wage).
• Perform regular audits to ensure pay actions are within guidelines and properly approved.
• Identify and implement process, control, and automation improvements that increase accuracy, efficiency, and scalability.
• Maintain compensation plan documents, policies, and procedures.

Cross-Functional Partnership and Advisory Support

• Serve as a trusted compensation advisor to HR Business Partners, Talent Acquisition, and business leaders, translating complex analysis into clear, actionable recommendations.
• Partner with Finance, Legal, Payroll, and HRIS on compensation processes, data integrity, and cross-functional initiatives.
• Support the development of compensation communications and leader/manager education.
• Contribute to total rewards projects, ad hoc studies, and continuous improvement initiatives.

Travel Requirements

Travel

• This is a remote role with limited travel, as needed, to support leadership sessions, key meetings, or business needs.
• Estimated up to 5%, subject to business need.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and abilities required.

REQUIRED

Education

• Bachelor’s degree in Human Resources, Finance, Economics, Business, Accounting, Mathematics, Data Analytics, or a related field; equivalent experience may be considered.

Required Experience

• 8–10+ years of progressive compensation experience, including meaningful experience in executive and broad-based compensation, incentive / long-term incentive plan design, equity compensation partnership, market pricing, and compensation analytics.
• 8–10+ years of progressive experience with public-company compensation processes, including proxy / CD&A support, NEO compensation, and Compensation Committee materials.
• 8–10+ years of progressive experience partnering on equity / stock plan administration with Legal, Finance, Payroll, HRIS, and external vendors (e.g., enterprise stock-plan platforms).
• Demonstrated experience leading or supporting annual compensation cycles (merit, bonus, and equity).
• Experience preparing executive-ready analysis and presentation materials and supporting senior stakeholders.
• Advanced Excel and financial modeling skills, including multi-sheet, scenario-based models.

Preferred Experience

• Certified Equity Professional (CEP), Certified Compensation Professional (CCP), or Global Remuneration Professional (GRP) certification.
• Experience with compensation planning / market-pricing tools.
• Experience partnering with external compensation consultants.

Other Knowledge Skills and Abilities Required

• Executive presence and the ability to communicate complex compensation analysis clearly to senior HR, Finance, Legal, and executive audiences.
• High level of discretion, confidentiality, and judgment when handling sensitive executive and Board-related information.
• Strong financial and business acumen; comfortable reasoning from financial and operating data.
• Advanced analytical rigor and attention to detail; able to build and defend complex models.
• Strong written communication and storytelling skills, including executive- and Committee-ready PowerPoint.
• Working knowledge of compensation governance and regulatory frameworks (e.g., FLSA, pay equity, pay transparency); familiarity with public-company disclosure and securities considerations is a plus.
• Strong stakeholder management; able to influence without authority and partner effectively across functions.
• Ability to manage multiple priorities independently and meet deadlines in a dynamic environment.

InnovAge is dedicated to empowering seniors to live independently, allowing them to age in their own homes and communities safely. InnovAge offers an alternative to nursing homes through its Program of All-inclusive Care for the Elderly (PACE), which provides enrolled seniors with customized healthcare and social support at PACE Adult Day Health Centers. These centers are staffed by medical professionals who are committed to creating personalized care plans for each participant. At InnovAge, our team members are our greatest asset and have a significant impact on the lives of our participants every day. When you join InnovAge, you'll work alongside talented, respectful, and passionate colleagues within a patient-centered care model.

InnovAge is committed to equal opportunity and affirmative action, and we strive to create a diverse and inclusive workplace. We consider all qualified candidates for employment without discrimination based on race, color, religion, sex, sexual orientation, gender identity/expression, national origin, disability, protected veteran status, pregnancy, or any other protected status. Salaries are determined by various factors such as qualifications, experience, and location, and do not include potential bonuses or benefits. Our extensive benefits package includes medical/dental/vision insurance, short and long-term disability, life insurance and AD&D, supplemental life insurance, flexible spending accounts, 401(k) savings, paid time off, and company-paid holidays.

Applicants are considered until the position is filled.

Compensation Disclaimer

The pay may vary depending on job related factors, such as work location, experience, knowledge, skills, education, certifications, training and internal equity.  InnovAge offers a comprehensive benefits package, which includes medical, dental, vision, 401(k) plan with company match, short and long-term disability, life insurance, supplemental life insurance, ADD, flexible spending account, paid time off and company paid holidays.

Attention Florida Applicants
This position requires a background screening through the Florida Care Provider Background Screening Clearinghouse.
For more information, please visit the Clearinghouse Education and Awareness website:  https://info.flclearinghouse.com

Agency Disclaimer

InnovAge will not accept unsolicited resumes from search firms for this employment opportunity. Regardless of past practices, all candidates/resumes submitted by search firms to InnovAge by any means without a valid written search agreement in place for that position will be deemed the property of InnovAge and no fee will be paid in the event such candidate is hired by InnovAge.