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SWBC · 3 months ago

Senior Compensation Analyst

San Antonio, TX

Full-time

Onsite

Mid, Senior Level

3+ years exp

SWBC is seeking a talented individual to lead and coordinate compensation projects and processes including compensation system implementation and salary planning. This role involves administering compensation programs, conducting industry analysis, and collaborating with managers to develop job descriptions.

BankingFinanceFinancial ServicesInsurance

Responsibilities

Conducts job evaluations for all job levels (including executive and top management) using data analysis techniques to assess results in market trends and internal equity

Supports the VP of Human Resources with a variety of compensation projects and report preparation, which include benchmarking for executive and top management compensation levels and developing incentive plans

Supports the compensation team on ad hoc analysis, reporting, and insights including regular audits and documentation supporting internal compensation processes. Develops recommendations to solve critical issues and develops metrics to measure effectiveness of compensation processes

Provides data and analysis utilized to make changes to the executive and sales salary structure

Conducts job analysis interviews with various department leaders/managers to create compliant job descriptions

Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position

Gathers and analyzes data from market-based compensation surveys to provide market/equity reports for employee/executive compensation and makes critical decisions regarding base and variable compensation

Supports the administration of all incentive related programs, including, merit, bonus, and equity

Organizes the planning of annual compensation survey participation to include; gathering required data, tracking submission deadlines, and receipt of final survey data for use in job evaluations

Provides professional compensation guidance to management in salary planning to optimize the organizations pay strategy

Provides consultation to management and Human Resources regarding market trends and the application of compensation programs, policies, processes, and guidelines

Conducts research, analyzes data, and prepares and presents recommendations requiring a broad understanding of compensation techniques, methods, practices and regulations

Reviews new positions to determine appropriate FLSA status and evaluates existing positions for compliance

Makes recommendations as appropriate for comprehensive job structure and organizational changes and works with departments for a seamless implementation of new jobs and updating and maintaining job structures

Establishes equitable and appropriate titles, salary ranges, pay rates, exemption statuses, and benefit levels by applying job evaluation techniques

Administers the design, implementation, and administration of compensation programs, policies, processes, and guidelines for employees

Conducts regular audits in order to maintain data integrity in Workday system with regards to; minimum wage, department codes, departments, management levels, compensation grades, job titles, job profiles, and organization structure

Remains up to date on new compensation trends and legislative changes in order to ensure compliance with multiple state and federal pay regulations and educate employees and HR staff as necessary

Performs other duties as required

Qualification

Compensation program administrationFLSA knowledgeData analysis techniquesWorkday HCM familiarityMicrosoft Excel proficiencyInterpersonal skillsOrganizational skillsCommunication skills

Required

Bachelor's Degree from an accredited four-year college or university required

Minimum of three to five (3-5) years of supporting the development, implementation, and administration of compensation programs, or related experience

Knowledge of theory and practice required for analyzing, developing, implementing, evaluating, and administering employee compensation systems

Knowledge of theoretical foundation of compensation administration and procedures

Knowledge and application of the Fair Labor Standards Act (FLSA) and state and federal pay regulations

Familiarity with HCM applications with a strong preference toward Workday HCM to include reporting experience

Able to use quantitative and non-quantitative reasoning to identify and solve compensation inequities

Able to identify ethical and legal issues in a business environment and recommend solutions

Strong analytical and organizational skills to manage multiple work assignments

Excellent and effective interpersonal and communication skills, both verbal and written, to interact with various department personnel in all levels of the organization

Proficient in utilizing computer applications such as Microsoft Office Suite with a strong emphasis on Excel, to include creating Pivot tables and utilizing V look-up features and other advanced Excel functions

Able to use general office equipment, including copy machine, personal computer, and fax

Able to maintain strict confidentiality of company information

Able to travel locally or nationally by car or plane

Sit for long periods of time performing sedentary activities

Stand, stoop, and kneel to file for long periods of time

Push, pull, and lift up to 20 lbs. of files, supplies, documents, or other related items