Sr Compensation Analyst

POSITION PURPOSE AND OBJECTIVES :

The Sr Compensation Analyst is responsible for compensation planning, long term incentive plans, and Executive Compensation.

Additionally, this role will research job requirements and evaluate job positions against benchmarks to ensure the company is competitive in the areas of salaries.

This position will also be responsible for implementing controls and processes to ensure compensation plans are meeting the Bank’s strategic business objectives.

MINIMUM QUALIFICATIONS :

• Minimum years’ experience with salary modeling, compensation planning, Executive compensation, incentive / bonus plan design, and / or compensation analytics required.
• Proven experience with salary planning tools and methods, job evaluation techniques, and market salary trends; ability to design and implement salary programs required.
• Extensive knowledge of quantitative and qualitative research methods required.
• Proficiency in Microsoft Word, Excel, PowerPoint, and Outlook is required.
• Professional certification related to compensation such as Certified Compensation Professional CCP, preferred.

ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES :

• Strategize with management to design and administer compensation and incentive programs that reinforce the company’s culture, values, talent needs, in line with strategic growth plans.
• Assure through audits, analysis, and reports that all compensation programs are consistently administered in compliance with company policies and regulatory requirements.
• Make pay recommendations for job offers, including reviewing requests for promotion or job changes, to provide guidance on salary adjustment decisions.

Ensures pay adjustments and salary requests comply with current compensation policy to ensure internal pay equity and effectiveness in attracting / retaining talent.

• Evaluate and implement compensation systems and tools.
• Collaborate with department management to manage the annual associate compensation review process.
• Conduct compensation modeling, salary benchmarking data, and internal and external equity surveys including equity and wage compression analysis and conduct modeling to determine the financial impact of compensation related recommendations.
• Responsible for providing the necessary information to the company’s Board Compensation Committee to allow for oversight and approval of executive and other compensation plans and programs.
• Actively lead all compensation surveys, performs survey job matching, and conducts ad-hoc benchmarking and market research as needed to ensure market competitiveness.
• Evaluate job titles and corresponding job descriptions for each position in the organization; ensures descriptions accurately reflect the work being performed by incumbents to determine appropriate pay and proper FLSA exemption status.
• Prepare and present summary reports of job analysis and compensation analysis information.
• Responsible for the company’s EEOC reporting and affirmative action planning.
• Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.
• Model and foster behaviors that support the Bank’s values and corporate culture creating an atmosphere of trust, cooperation, accountability, and dedication to the organization.
• Willingly perform all other duties and projects as assigned.

INTERPERSONAL SKILLS AND COMPETENCIES REQUIRED :

• Strong analytical, critical thinking and judgement skills in analyzing and responding to changes in process, people, and technology.
• Excellent written and verbal communication skills, business knowledge, and ability to work in fast paced, constantly changing environment.
• Exceptional time management skills and ability to prioritize tasks with competing deadlines.
• Ability to maintain confidentiality and appropriately handle sensitive information with tact and discretion.
• Ability to work independently while also being able to work in a cross-cultural team.

PHYSICAL REQUIREMENTS :

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this position.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this position, the associate is regularly required to sit, use hands to finger, handle, or feel;

and talk or hear. The associate frequently is required to stand or walk. The associate is occasionally required to reach with hands and arms.

The associate must occasionally lift and / or move pounds. Specific vision abilities required by this position include close vision, and distance vision.

The noise level in the work environment is usually moderate.

OTHER REQUIREMENTS :

• Travel between Republic Banking facilities may be required.
• Occasional out-of-town travel may be required.
• Flexible work schedule that will include some evenings and weekends.
• Stay abreast of new developments, best practices, and statutory and regulatory changes.
30+ days ago