CarMax · 17 hours ago
Analyst II, Compensation
Corporate - Richmond
Full-time
Onsite
Entry, Mid Level
2+ years expCarMax is the nation’s largest retailer of used cars, committed to delivering honest and transparent customer experiences. They are seeking a Compensation Analyst II to provide support in compensation decision-making, manage key compensation processes, and analyze data to guide pay decisions and reward strategies.
AutomotiveMarketplaceOnline Portals
Responsibilities
Conduct market pricing and salary surveys to ensure our compensation packages are competitive within industry standards
Evaluate external compensation data, analyze internal pay structures, and make recommendations to stakeholders
Ensure the accuracy of compensation data across various HR systems
Perform job evaluations, salary analyses, and ad-hoc reporting as needed, translating findings into actionable insights
Assist, execute and improve core processes like annual merit, bonus, and stock award administration and short-term incentive administration
Ensure all compensation practices comply with applicable laws, company policies, and audit requirements
Prepare and maintain comprehensive documentation for compensation processes, procedures, and practices
Lead compensation processes for a major business unit, inclusive of gathering requirements, building solutions, and running a compensation process end-to-end
Partner with key stakeholders and other Compensation Analysts to drive completion of compensation projects and identify opportunities to streamline compensation processes, and improve data accuracy
Partner with HRIS and other technology teams to support thoughtful configuration and execution of compensation programs
Perform compensation data analysis and reporting for business and HR stakeholders leveraging the HRIS system and MS Excel
Complete other related duties, analysis and projects as assigned
Qualification
Required
Proven communication skills to advise and counsel effectively (written and verbal) with all levels of Associates
Ability to reason and communicate compensation guidelines and detailed compensation information to all levels of Associates in a professional manner
Demonstrated analysis skills required to collect, interpret, and analyze data with strong attention to detail
Strong proficiency in Microsoft Excel, including pivot tables, VLOOKUPs, and other advanced functions
Familiarity with HRIS systems (e.g., Workday, SAP) and experience
Excellent analytical skills with attention to detail and accuracy
Ability to independently research compensation questions, pay issues, or process gaps
Project management skills to establish schedules and timelines to achieve company expectations
Customer service skills to convey a professional and positive image to all levels of Associates
Bachelor's degree in Human Resources, Business, Finance, or a related field
At least two years of work experience in a corporate setting, with experience in either Compensation, or another analytical function
Prior experience with Workday or HRIS system
Intermediate MS Excel skills
Intermediate MS PowerPoint skills
Preferred
Advanced degree or relevant certification (e.g., CCP, SHRM-CP) is a plus
Company
CarMax
CarMax provides an online platform for searching new and used cars, researching models, and comparing vehicles.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$98.19M2021-06-08Post Ipo Equity· $98.19M
1997-01-05IPO
Leadership Team
T
Tom Reedy
EVP & Chief Financial Officer
Charles Joseph Wilson
Executive Vice President, Chief Operating Officer
Recent News
Arkansas Business — Business News, Real Estate, Law, Construction
2026-01-23
The Virginian-Pilot
2026-01-17
Company data provided by crunchbase