Primary Responsibilities
- Provides guidance and support on the interpretation of compensation program guidelines to managers and employees.
- Manages the one time payments to employees within Workday and provides payroll with proper documentation and reconciliation reports. Audits payment requests for validity and alignment to plans.
- Collaborates with business partners to conduct job evaluations/market pricing and assigns to the appropriate compensation pay level.
- Assists with the incentive compensation plans administration to include risk and audit assessments, documentation, calculation, and reconciliations.
- Participates in market surveys and analyzes results to determine organization’s competitive position.
- Proactively builds and maintains effective working relationships with partners and line of business leaders. Assists with the annual compensation planning processes, including salary structure updates, exceptions, merit and long-term incentive programs.
- Participates in risk review and audit processes.
- Collaborates with Finance on annual budget processes and ensures proper accruals are provided throughout the year.
- Leads the annual Total Rewards Statement review and distribution process within Workday.
- Works with internal HR team to ensure that Workday is updated to reflect changes to salary structures, bonus programs, incentive programs, etc. Ensures data integrity through regular audits and analysis.
- Monitors trends of legislative and business changes for impact on total rewards and ensuring legal compliance for total rewards programs.
- Completes annual E-Learning Plan and Bank Secrecy Act (BSA) training as assigned and keeps up-to-date knowledge of BSA as it relates to the job function.
Secondary Responsibilities
- Performs other duties as assigned.
- This job has no management responsibilities.
Qualifications
- Bachelors Business Administration/Management, Finance, Human Resources Management required
- Or Related Field
- 1-3 years experience working within an HR Department with a focus on compensation area required
- Knowledge of state and federal laws/regulations related to compensation and general human resources practices required
- Ability to perform independent analysis required
- Excellent interpersonal and communication skills, particularly in building relationships with business partners required
- Knowledge in recognizing and researching legal compliance requirements related to compensation practices required
- Strong problem solving skills and ability to research and identify issues in a timely manner; appropriately gather and analyze information and apply creative talents to problem solving required
- Ability to maintain the confidentiality of sensitive Company and personal information required
- Excellent analytical skills in preparing comprehensive reports and interpreting data required
- Proficiency utilizing MS Office software, advanced knowledge of Excel required
- Workday-HRIS and reporting experience preferred
- CCP - Certified Compensation Professional preferred
Competencies
- Accountability - Thinking and acting ethically, honestly, and with the highest work standards; taking responsibility for your actions and fostering a work environment where accountability is valued.
- Customer Experience/Focus - Going out of the way to anticipate and meet customer needs; remaining knowledgeable and up to date on all products and services of the bank and how to best the help the customer.
- Functional Role Expertise - Knowledgeable and skilled in functional specialty; demonstrating an ability to add organizational value through unique expertise in a functional specialty area.
- Results Oriented - Maintaining an appropriate focus on outcomes and accomplishments motivated by achievement; identifying outcomes as a critical success factor in the bank where there are countless interactions with customers and internal partners.
Physical Demands:
- Standing - Frequently
- Walking - Occasionally
- Sitting - Frequently
- Lifting - Occasionally
- Carrying - Occasionally
- Pushing - Rarely
- Pulling - Rarely
- Balancing - Rarely
- Kneeling - N/A
- Crouching - Rarely
- Reaching - Rarely
- Repetitive Motions - Frequently
- Eye/Hand/Foot Coordination - Constantly
- Working Environment:
- Extreme cold - N/A
- Extreme heat - N/A
- Humidity - N/A
- Wet - N/A
- Noise - Rarely
- Hazards - N/A
- Temperature Change - N/A
- Atmospheric Conditions - N/A
- Vibration - N/A
- Standard Business Hours:
Standard business hours are Monday through Friday, 8:00 a.m. to 5:00 p.m. Exempt employees are expected to work as long as it takes to accomplish the goals and deliverables of the position; typically, a minimum of 40-45 hours per week.
Travel: - Est. Amount - 0%
- Driving Requirements:
- Est. Amount - 0%