STATUS (full/part):



Compensation Analyst

Financial Services/Insurance

Milwaukee, WI

Full Time


We are a private mortgage insurer with $241.0 billion primary insurance in force covering approximately one million mortgages (as of Oct 31, 2020). MGIC provides a critical component of our country’s residential mortgage finance system, protecting mortgage investors from credit losses. Mortgage insurance from MGIC also benefits consumers by making affordable low-down-payment mortgages a reality. Bottom line…We put people into homes sooner! #WeAreMGIC

Our headquarters are located in downtown Milwaukee, a place that offers something for everyone with its big-city attractions and small-town atmosphere. MGIC is an nine-time recipient of the Milwaukee Journal Sentinel Top Work Places award. This is an award based on the opinion of our company's greatest asset, our talented and dedicated workforce! We are committed to being an active and positive member of the local Milwaukee community. Along with our co-workers, we support many local initiatives including:

• United Way
• United Performing Arts Fund
• Habitat for Humanity
• Junior Achievement
• Public Television Channel 10/36 Auction

We are proud to be an Equal Opportunity Employer. We maintain a drug-free workplace and perform pre-employment background and substance abuse testing. 


Why work at MGIC?
Are you someone who wants to play a critical role in our company’s success? Do you enjoy solving puzzles and finding a better way to get things done? Are you someone who likes to Take The Lead and make an impact? If so, then imagine yourself at MGIC. At MGIC we are a team of dedicated professionals on a fearless mission. A team that fosters a culture of career development and continuous learning opportunities to help you rise to new heights. We are passionate about providing outstanding customer service and making a difference in our community. #WeAreMGIC

How will you make an impact?
MGIC is looking for a curious and customer-focused Compensation Analyst to join our team. You will be joining a business and a Human Resources Team that is transforming itself for the future. This is an exciting time at MGIC! You will work closely with the HR Business Partners to find solutions that meet the needs of the business and our co-workers. Additionally, this role offers you exposure to key leadership by way of your support and coordination for the Management Development Committee of the Board of Directors. You’ll be part of the Total Rewards Team who works hard to develop and maintain a competitive and valued total rewards package. This is accomplished by:

    • Providing comprehensive analytical support for the design and administration of compensation programs, incentive programs, job evaluations, salary recommendations, and other detailed research projects.
    • Preparing compensation analysis and recommendations for management.
    • Creating and maintaining controls of all aspects of employee compensation and incentive plan administration.
    • Analyzing job responsibilities for new or modified jobs through interviews and research.  Determining overall job worth, creating documentation, and partnering with senior leaders, managers and HR Business Partners to implement.
    • Participating in wage and salary surveys. Providing data for surveys and reviews results to determine current pay trends. Preparing summaries for management and making recommendations for merit budget and salary structure movement.
    • Ensuring accurate system functionality and data for compensation & incentive plans within Workday.  Responsible for design and development of advanced reports and analytics as it relates to compensation in Workday.

Do you have what it takes?

    • Comfortable administering standard compensation guidelines, but advocating when there is a need and ability to be flexible.
    • Experience in salary administration, job evaluation, compensation plan design, and related government regulations and laws.
    • Experience in incentive plan design and other total rewards strategies.
    • Strong interpersonal, negotiation, and consultative skills.
    • Strong Microsoft Excel skills.
    • Completion of the CCP certification/designation preferred.
    • Prior experience with Workday and Payscale is preferred.

You might be a good fit if you like to:

    • Be curious and look deeper than the opportunity at hand.
    • Have a passion for analyzing data to find the story in the numbers.
    • Manage multiple projects simultaneously.
    • Partner with others to create win-win solutions.
    • Dig deep into the numbers to find the answer, then continue to ask yourself 10 more questions about what the numbers are telling you.
    • Multitask and maintain order, while managing changing priorities.
    • Keep a “can-do” temperament and exude confidence.
    • Be a self-starter who is energetic, enthusiastic, persistent, creative and motivated to work in a fast-paced, team environment.
    • Interact with a wide range of personalities and have strong people skills.
    • Be trustworthy, honest and reliable.      

What you can learn on the job:

    • Mortgage Insurance Industry
    • Other aspects of the HR function
    • Executive compensation      

What does success look like?

First 30 days:

    • Learn about the current compensation programs and processes in place.
    • Learn about other aspects of the Total Rewards package.
    • Understand the daily/weekly tasks associated with this role.      

First 6 months:

    • Learn how the compensation role fits within the HR function and who the key stakeholders are of the work.
    • Gain familiarity with all functions of the MGIC organization.
    • Contribute ideas on how the compensation function can best meet the needs of the organization.
    • Comfortable with using all MGIC systems and tools.      

First year:

    • Provide analysis of compensation related items with recommendations for change.
    • Ownership of all key, ongoing aspects of the compensation function.
    • Conduct audits and identify solutions in areas of opportunity.
    • Strong relationships forming with key stakeholders, both internally and externally.

Enjoy these benefits from day one:

      • Competitive Salary & pay-for-performance bonus
      • Financial Benefits (401k with company match, pension plan, profit sharing, HSA, wellness rewards program)
      • On-site Fitness Center and classes (corporate office)
      • Paid-time off and paid company holidays
      • Business casual dress



For additional information about MGIC and to apply, please visit our website at 

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