Senior Global Compensation Analyst presso Albany International Corporation

About Albany International

Albany International Corporation is a global advanced textiles and materials processing company. The company has two core businesses: Albany Machine Clothing is the world’s leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries, and Albany Engineered Composites  is a rapidly growing supplier of highly engineered composite parts for the aerospace industry. We are committed to creating a positive and engaging work environment where our employees can thrive and grow. Join us and be a part of a dynamic team that values innovation, collaboration, and excellence.

Role Overview

The Senior Global Compensation Analyst plays a pivotal role in designing, implementing, and maintaining compensation programs for Albany with an international footprint. This role ensures that the company’s compensation strategies are competitive, equitable, and compliant with regulatory standards in all the regions where the company operates. The Senior Global Compensation Analyst works closely with HR, finance, and business leaders to support talent strategies and organizational goals. They will manage and analyze compensation data across multiple geographies, assess market trends, and help develop global compensation structures that attract, motivate, and retain top talent. By leveraging analytical expertise and a deep understanding of international labor markets, this role ensures the organization’s pay practices are both competitive, compliant and aligned with business objectives.

Key Responsibilities

• Market Analysis and Benchmarking: Conduct comprehensive compensation surveys and market pricing analyses for jobs in various global locations. Assess market competitiveness by benchmarking against peer organizations and industry standards.
• Data Management: Collect, maintain, and analyze internal and external compensation data. Ensure the integrity and accuracy of compensation databases and tools.
• Global Compensation Program Design: Assist in the development, implementation, and administration of global compensation programs, including base salary, incentives, bonuses, equity, and expatriate packages.
• Compliance and Regulatory Support: Ensure the organization’s compensation practices comply with regional laws and regulations, including tax implications, pay equity, and transparency requirements.
• Job Evaluation and Classification: Perform job analysis and evaluation to support the creation and maintenance of global job architectures and leveling frameworks.
• Compensation Planning and Budgeting: Partner with HR, finance, and business units to support annual compensation planning cycles, salary reviews, and the allocation of merit increases, bonuses, and other rewards.
• Reporting and Analytics: Develop and deliver compensation reports, dashboards, and analytics to inform decision-making and support executive leadership.
• Stakeholder Collaboration: Collaborate with Global HR Business Partners, Talent Acquisition, and business leaders to address compensation-related queries and ensure alignment with talent strategies.
• Manage executive compensation programs, including salary, bonuses, and equity awards.
• Support Board of Directors and Compensation Committee meetings.
• Continuous Improvement: Stay informed about trends, emerging practices, and new technologies in compensation. Recommend process improvements to enhance the effectiveness and scalability of compensation programs.
• Communication and Training: Prepare clear and concise communications and training materials to explain compensation policies, processes, and changes to HR teams and business partners globally.