Compensation Analyst

Unclassified - Mankato, MN

Full-time - Mid Level

Mankato, MN

About the position

The Compensation Analyst position at Compeer Financial is responsible for developing, implementing, and administering compensation programs. This role involves analyzing internal and external salary data, evaluating job classifications and salaries, and ensuring that compensation practices align with organizational policies and market competitiveness. The analyst serves as a resource for team members and leaders, supporting the Total Rewards team in various compensation and rewards programs.

Responsibilities

• Collaborates with department leaders and HR partners to complete job analysis and job evaluation on new and revised positions.
• Drafts, edits, and updates job descriptions, evaluating them to determine FLSA status and appropriate salary grade.
• Participates in salary surveys to benchmark company compensation programs.
• Conducts market pricing using appropriate survey sources, scope criteria, and survey job matches.
• Analyzes market competitive practices in compensation programs and recommends adjustments such as pay range adjustments and merit increases.
• Collaborates with HR partners to analyze and recommend compensation packages for job offers, ensuring alignment with internal equity and competitive external market pricing.
• Assists in the design and administration of variable compensation programs including short and long-term incentive plans, commission plans, and other bonus plans.

Requirements

• Bachelor's degree in human resources, business administration, finance, or related field; or equivalent combination of education and experience.
• Minimum of 3 years of compensation or human resources analytics work experience, including handling personal and confidential information.
• Professional compensation or human resources certifications preferred (SPHR, PHR, CCP).
• Knowledge of FLSA and compensation-related federal, state, and local regulations.
• Knowledge of general industry compensation practices.
• Strong client service focus and communication skills (verbal and written).
• Strong analytical skills with the ability to make recommendations based on data.
• Excellent attention to detail, organization, and time-management skills.
• Advanced proficiency with Microsoft Excel and other MS Office applications.

Nice-to-haves

• Report writing skills in an HRIS for compensation and analysis purposes.
• Ability to gather and process large volumes of data used in the administration of various compensation programs.
• Ability to maintain HR and compensation expertise through ongoing educational opportunities.

Benefits

• Medical, Dental, Vision insurance
• 401K (3% Compeer contribution & up to an additional 6% match)
• Paid time off (vacation, sick leave, holidays, volunteer time)