Total Rewards Analyst

Amalgamated Bank seeks a Total Rewards Analyst to provide support for the Total Rewards function (Compensation, Benefits & Recognition) competitive compensation analysis, modeling, research of competitive compensation practices, and other analysis as needed. Heavy focus (60-70%) on Compensation activities

 By joining our team, you’ll be joining a Bank that believes that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers.

Essential Job Functions:

1. Compensation
   • Participate in and analyze salary survey data to ensure current pay practices are market competitive and support pay equity  
   • Provide support for the annual compensation planning processes including salary structure update, merit increases, annual incentive and equity awards. Refine compensation processes, leveraging best practices and operational efficiencies.
   • Creates and support development of compensation communication and training materials.
   • Develop reports, dashboards, and metrics to identify key trends and develop recommendations for improvements to compensation programs where appropriate.
   • Partner with HR business leaders and Talent Acquisition team to conduct job evaluations and market pricing on an on-going basis and consult regarding incumbent and new hire pay decisions. Evaluates positions using established evaluation systems, and approves job titles, levels and FLSA classifications.
   • Administration of Long-Term RSU and PSU awards for all employees & Directors
   • Provides support for M&A-related compensation program transition.
   • Support administration of Executive Compensation programs
   • Administer Board of Director Pay 
   • Ensures compliance with government regulations.

2.  Benefits

   • Coordinate Annual Benefits Renewal Process and Open Enrollment. Support implementation of new Benefit plan vendors.
   • Participate in 401K Committee and Quarterly Meetings. Support administration and communication of plan changes. 
   • Coordinate annual 401K Plan Audit and Filing of 5500 documents.

3. Compliance & Other Activities

   • Respond to ad hoc requests from internal Audit, external auditors, SOX, Risk Team and other internal stakeholders.
   • Participates in risk review and audit process by preparing and presenting accurate documentation.
   • Participates in other projects as assigned.

Knowledge, Skills and Experience Requirements:

1. Bachelor's degree in HR, Business Administration, Finance, or related field or equivalent experience.
2. 3-5 years of experience in Compensation & Benefits
3. Professional Human Resources or Compensation certification a plus (SHRM-SCP, SHRM-CP, SPHR, PHR, CCP, CBP, etc.)
4. Working knowledge of industry-standard tools including survey platforms (Aon McLagan, Mercer, Willis Towers Watson, etc.) 
5. Excellent communication skills to effectively communicate complex information.
6. Advanced problem-solving skills with the ability to think analytically, creatively and strategically.
7. Demonstrated ability to perform thorough, quantitative, and qualitative analyses using applicable technology tools.
8. Demonstrated ability to project manage cross-functional initiatives that deliver results, using collaboration and influencing skills.
9. In-depth knowledge of compensation principles, market trends, and regulatory requirements and ability to communicate those to key stakeholders.
10. Ability to perform independent in-depth analysis using Strong mathematical/quantitative reasoning skills.
11. Ability to maintain confidentiality and a professional demeanor in a dynamic work environment that often requires management of multiple priorities.
12. Excellent verbal, written, and interpersonal skills.
13. Strong PC skills (Excel, Word), Powerpoint) proficiency required. 

Our job titles may span more than one career level. The starting base salary for this role is between $75,000.00 – $85,000.00. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.