Compensation Analyst (Finance)
Join Our Growing Human Resources Team as a Compensation Analyst!
Are you passionate about developing, administering, analyzing and managing all components of various compensation programs? Do you thrive in a dynamic environment where your analytical skills can make a real impact? Do you want to be a compensation resource for all leaders at Royal Credit Union? If so, this may be the perfect career opportunity for you!
About Us:
At Royal Credit Union, we believe in attracting and retaining top talent by offering competitive and fair compensation. As a Compensation Analyst, you'll play a crucial role in developing, administering, and managing our compensation programs to ensure they align with our philosophy and market standards.
Key Responsibilities:
- Administer the organization's bonus, merit, and market adjustment processes.
- Assist in designing and administering wage structures, incentive plans, commission programs and other bonus plans.
- Conduct job evaluations and market research to ensure competitive salary structures.
- Collaborate with the Human Resources Team to analyze and recommend competitive job offers to candidates in a timely manner, ensuring alignment with internal equity and competitive external market pricing.
- Analyze compensation data to propose revisions and ensure compliance with regulations.
- Collaborate closely with leader and Finance team to administer the salary labor budget process, reporting and tracking. Includes creating and distributing labor budget reports and managing any related requests.
- Assist with the creation or modification of job descriptions, job grading and leveling processes to maintain internal equity and consistency across the company as it relates to salary structures.
- Prepare and present regular and ad-hoc compensation reports, trends, insights and dashboards for the Human Resources Team, Management, and Executives utilizing HR systems to gather, input, and analyze compensation-related data.
- Communicate compensation policies and respond to inquiries from team members and leaders.
Compensation:
$71,427.20 - $82,139.20 (candidates with significant related experience may be higher)
Work Schedule:
This is a full-time, exempt level position. Hours will generally be Monday through Friday, 8:00am – 5:00pm with occasional evening and weekend hours, as needed.
Training:
- Prior to starting a normal work schedule, new Royal team members must attend Foundation Training at our Corporate Center in Eau Claire, WI from 9:00am - 4:30pm on Monday and Tuesday during their first week of employment. Out of town learners will be reimbursed costs related to travel and lodging.
- Foundation Training covers fundamental information about Royal's culture and core values which sets the stage for team members to be successful within our organization.
- In addition, this position is part of Royal's workplace flexibility program and can be hybrid after training and being proficient in the position, which is typically the first 6-9 months in the role. Candidates must be able to commit to the first 6-9 months being in-person. Please Note: We reserve the right to extend the training time in office as necessary.
Team Member Benefits:
Royal is proud to take care of our team members and their families! In addition to our comprehensive medical, dental, and vision insurance plans, Royal offers a 5% 401k employer match, paid family and sick leave, vacation and sick time accruals, childcare reimbursement, tuition and student loan debt assistance, pet insurance, and much more!
What We Offer:
- A collaborative and supportive work environment.
- Opportunities for professional growth and development.
- Competitive salary and benefits package.
- The chance to make a significant impact on our organization's success
Why Royal Credit Union?
Join a team that values your expertise and offers a platform for you to grow and excel. At Royal Credit Union, we are committed to fostering a culture of inclusivity, innovation, and excellence.
Apply Today! If you're ready to take your career to the next level and contribute to a thriving organization, we want to hear from you. Apply now and become a part of the Royal Credit Union family!
Required Education/Experience/Skills:
- Bachelor's degree in business, human resources, finance, or a related field.
- Minimum of three years' experience in compensation analysis.
- Strong analytical skills and proficiency in Microsoft Excel.
- Knowledge of relevant compensation laws and regulations.
- Excellent communication and organizational skills.
Preferred Experience:
- Five years' experience in designing and administering compensation programs.
- HR certification (SHRM-CP, SHRM-SCP) or Certified Compensation Professional (CCP).
