If you are motivated and believe in the credit union philosophy of "People Helping People," join our team!
Summary
The Compensation Analyst has primary responsibility to maintain integrity and consistency of Base Pay programs via standard job analysis and compensation analysis. The incumbent has responsibility to assure that all systems of record associated with compensation data related to job and compensation analyses are up to date and accurate. The incumbent will be responsible for project work centered around infrastructure and technology. The position is hybrid, with regular presence at Raleigh Headquarters Campus required.
Responsibilities
Review job descriptions to assure that job analysis has been completed and documented according to internal standards and are compliant with regulatory environment.
Assists managers in the conceptualization, evaluation, and writing of job descriptions through a thorough job analysis process.Provide FLSA and leveling recommendation based on exemption testing and job level analysis.Assure all jobs have descriptions that are no more than three years old and keep a catalogue of accurate JDs.Work with business managers and Business Partners to assure jobs are correctly reflected in job descriptions.Market PricingDetermine compensable elements of jobs based on their description.
Perform matching against standard survey benchmark jobs.Determine job pricing by analyzing external and internal equity factors.Assure Compensation’s market pricing catalogue and other reference lists are up to date by maintaining market pricing system.AdministrationUpdate the following data repositories based on daily pricing work :
Workday
Pricing CataloguePayfactorsExecute periodic audits of data contained in systems of record to assure congruence and alignment.Assure survey submissions are completed according to scheduled timeline.Update data repositories with new survey information.Projects and InfrastructureIdentify and construct process documentation for standard work surrounding job pricing according to the documentation standards established for SECU.
Identify process improvements that would increase throughput and / or validity / reliability of analyses. Recommend infrastructure changes, esp. improvements to standard procedures and use of technology. May be responsible to manage small to medium scale projects affecting compensation infrastructure.Requirements
Bachelor’s degree in HR, Business Administration, Finance, Mathematics, or closely related field, or an additional three years of experience in lieu of a degree3 years of experience in compensationIntermediate to advanced knowledge of Excel, incorporating pivot tables, vlookups, match, index, statistical functionsDemonstrable experience in compensation or HR discipline as an analyst (3 years min.)Demonstrable experience and expertise in job analysis and market pricing using surveys and market pricing tools.Experience in compliance categorization of positions and people pursuant to EEO, FLSA, and similar items.Strong analytical skillsAbility to plan and coordinate multiple projects / work initiatives.Preferred Requirements
Certification in Compensation, Analytics, or Human ResourcesExperience using Workday to generate reports and analyze dataDirect experience in Compensation in a Financial InstitutionExperience using a job description tool such as JDXpert, CompAnalyst JobArchitect, or similar productAdvanced degree in HR, Mathematics, Business, Finance or similar disciplineParticipation in WorldAtWork local networkingSpecial Position Requirements
Sitting for prolonged periods of timeCarrying up to 15 lbsLift up to 15 lbsPush / pull up to 15 lbsTelephone for prolonged periods of timeComputer for prolonged periods of timeSECU provides equal employment opportunity to all qualified persons regardless of race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, or other classification protected by law.
