Compensation Analyst

Life at MX

We are driven by our moral imperative to advance mankind - and it all starts with our people, product and purpose. We always carry a deep sense of drive and passion with us. If you thrive in a challenging work environment, surrounded by incredible team members who will help you grow, MX is the right place for you.

Come build with us and be part of an award-winning company that’s helping create meaningful and lasting change in the financial industry.

Job Summary

The compensation analyst will be a key contributor to the design, implementation, and administration of the company’s compensation programs. This role is responsible for ensuring internal equity, external competitiveness, and compliance across all compensation structures. The analyst will provide data-driven insights and analytical support to key stakeholders, playing a critical role in attracting, motivating, and retaining talent.

Job Duties

• Compensation Administration & Review: Execute all activities related to merit cycles, incentive pay, and equity, ensuring accurate data, calculations, and timely payout for team members in the U.S. and India. Review and approve proposed salary actions (e.g. promotions, transfers, new hires) for adherence to internal equity and established compensation guidelines.

• Market Analysis & Benchmarking: Lead or assist in participating in global, national, and industry-specific salary surveys. Analyze competitive data to develop and maintain the company’s salary structures and compensation ranges, ensuring external competitiveness.

• Job Architecture & Evaluation: Conduct job audits and evaluations to determine appropriate salary grade, title, and FLSA exemption status. Create, maintain, and update the internal job catalog and collaborate with People Business Partners to ensure job descriptions accurately reflect required skills and responsibilities.

• Compliance & Policy: Stay current on all federal, state, and local laws governing compensation in the U.S. (including minimum wage, pay equity, and overtime regulations), as well as an awareness of basic regulatory requirements for India compensation and labor laws. Review and recommend changes to existing compensation policies and practices to maintain legal compliance and governance.

• Reporting & Consulting: Provide analytical support, reports, and data visualizations to People Business Partners and business leaders on compensation trends, spend, and the financial impact of proposed changes. Serve as a consultant to managers on complex pay decisions and incentive plan mechanics across regions.

Requirements

• Education: Bachelor’s degree in Human Resources, Business Administrations, Finance, or a related quantitative field.

• Experience: 4+ years of direct, progressive experience in compensation analysis or a related role.

• Technical Proficiency: Advanced proficiency in Excel or Google Sheets (pivot tables, lookups, conditional formatting, and modeling).

• Regulatory Knowledge: Solid understanding of federal and state wage and hour laws, including FLSA.

• Analytical Skills: Demonstrated ability to manage large data sets, identify trends, draw conclusions, and present data clearly and concisely.

Preferred Qualifications

• Global Experience: Prior experience supporting compensation programs or market analysis for an India-based population is highly desirable.

• Certifications: Certified Compensation Professional (CCP) or working toward certification.

• Communication: Excellent verbal and written communication skills, with the ability to translate technical compensation details into understandable business language for non-HR audiences.

• Time Management: Proven ability to manage work across different time zones and prioritize competing global deadlines.

At MX, we are a high-performance organization that thrives on trust and results. This role is based in Lehi, Utah, with flexibility for both in-office and remote work. We believe in empowering our team members to deliver exceptional outcomes while taking advantage of our incredible office space when it best supports their work. Our Utah office features onsite perks such as company-paid meals, massage therapists, a sports simulator, gym, mother’s lounge, and meditation room and meaningful interactions with amazing people. We encourage team members to come together in the office to collaborate, kick off key projects, or strategize cross-functionally, fostering connection and innovation.

MX is proudly committed to recruiting and retaining a diverse and inclusive workforce. As an Equal Opportunity Employer, we never discriminate based on race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, military or veteran status, status as an individual with a disability, or other applicable legally protected characteristics. We particularly welcome applications from veterans and military spouses. All your information will be kept confidential according to EEO guidelines. You may request reasonable accommodations by sending an email to hr@mx.com.