Senior Compensation Analyst

$64,000 - $108,804/Yr

Unclassified - DeWitt, NY

posted about 2 months ago

Full-time - Mid Level
DeWitt, NY
101-250 employees

About the position

At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. Beyond retail banking, we also offer wealth management, investment management, insurance and risk management, and benefit plan administration. Just as our employees are committed to helping our customers manage their finances, we're committed to our employees. After all, they make it happen for our customers every day. To ensure our people can enjoy long and successful careers here at CFSI, we offer competitive compensation, great benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers, and communities. The Senior Compensation Analyst is responsible for conducting comprehensive market research, analyzing salary data, and providing strategic guidance to ensure internal equity and external competitiveness in our compensation practices. Reporting to the Director of Compensation, the successful candidate will leverage their expertise in compensation analysis and proficiency in tools such as UKG, Aon, ERI, and other survey platforms to drive informed decision-making and support organizational-wide total rewards program initiatives. Essential Responsibilities include leading the collection and analysis of compensation data from various sources, utilizing advanced tools and methodologies to conduct in-depth analysis of compensation trends, and partnering with senior business leaders to design and implement compensation programs that support organizational objectives and foster employee engagement. The role also involves conducting complex job evaluations, collaborating with HR Directors to establish competitive salary ranges, assisting in year-end salary processes, performing Pay-Equity and Gender Pay-Gap analyses, and preparing comprehensive reports to communicate findings to key stakeholders. Staying abreast of industry trends and ensuring compliance with compensation laws are also critical aspects of this position.

Responsibilities

  • Lead the collection and analysis of compensation data from various sources, including external market surveys, benchmarking studies, and internal salary data.
  • Utilize advanced tools and methodologies to conduct in-depth analysis of compensation trends, competitive peer group positioning, and pay equity considerations.
  • Partner with senior business leaders to design and implement compensation programs, including base pay structures, incentive plans, and recognition programs, that support organizational objectives and foster employee engagement.
  • Conduct complex job evaluations and provide expert guidance on job and salary grading to ensure alignment with market trends and internal equity principles.
  • Collaborate with HR Directors and HR Business Partners to establish competitive salary ranges for new hires, promotions, and internal transfers, and provide recommendations for salary adjustments as needed.
  • Assist in the year-end salary, bonus and Long-Term Incentive Plan processes and reporting.
  • Perform Pay-Equity and Gender Pay-Gap analyses and remediation.
  • Prepare and present comprehensive reports, presentations, and summaries to communicate compensation analysis findings, insights, and recommendations to key stakeholders.
  • Stay abreast of industry trends and best practices in compensation and provide leadership to drive continuous improvement and innovation in total rewards compensation strategies and processes.
  • Ensure compliance with federal, state, and local compensation laws and regulations; specifically adhering to FLSA standards.
  • Partner with other HR Centers of Excellence with special projects and merger integrations.

Requirements

  • Bachelor's Degree in Human Resources, Accounting, Finance, Business or related field
  • 5+ years of experience in compensation analysis required; with the financial services industry preferred.
  • Strong analytical skills with the ability to interpret complex data, identify trends, and develop actionable insights and recommendations.
  • Strong Proficiency with Microsoft Excel and the ability to manage large data spreadsheets.
  • High level of integrity and discretion in handling confidential information and sensitive matters.
  • Excellent communication and interpersonal skills with the ability to influence and collaborate effectively with stakeholders at all levels of the organization.
  • Experience with advanced compensation survey platforms such as Aon and HRIS systems like UKG is highly desirable.

Benefits

  • 11 paid holidays
  • paid vacation
  • Medical, Vision & Dental insurance
  • 401K with generous match
  • Pension
  • Tuition Reimbursement
  • Banking discounts
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service