Compensation Analyst

UFCU Main•Austin, TX

11h•Hybrid

About The Position

The Compensation Analyst supports the administration, analysis and ongoing maintenance of competitive compensation programs while providing analytical and operational support for compensation processes and decisions. This role conducts detailed compensation analyses, job evaluations, and market pricing to support pay decisions and compensation program execution. The analyst assists in maintaining salary structures, pay grades, and pay programs, ensuring compliance with compensation regulations and policies. Additionally, this role supports the maintenance and enhancement of compensation tools, data governance and process documentation to streamline compensation operations and improve data accuracy. This position collaborates closely with the Compensation & People Analytics Program Manager and HRBPs to provide compensation guidance and support compensation-related projects and annual cycles. This position reports to the Director, Rewards & People Ops.

Requirements

Bachelor’s degree in Business Administration, Human Resource Management, Finance, or other field.
5+ years of compensation experience
Experience using compensation planning and pricing tools/platforms
Excel proficiency
Must be bondable

Nice To Haves

Master’s degree
Certified Compensation Professional (CCP) or Global Remuneration Professional (GRP) Certification
Experience with UKG
Experience using analytics software such as Tableau or Power BI
Financial institution or Credit Union experience

Responsibilities

Supports the execution of compensation programs, including base pay, variable pay, and annual compensation cycles.
Maintains pay structures and compensation data, including updates within the HRIS and other compensation-related tools
Supports annual merit and AIP processes through data preparation, reporting, validation, reconciliation and documentation
Supports annual compensation budgeting through data preparation, reporting, modeling, and variance analysis
Conducts compensation analyses to support employment offers, promotions, transfers, salary adjustments, and incentive decisions
Performs job evaluations and market pricing using survey data and compensation tools to support competitive and equitable pay decisions
Supports the analysis, modeling, and forecasting of merit and Annual Incentive Plan (AIP) scenarios to inform budgeting, reporting and leadership decision-making
Conducts benchmarking and trend analysis to assess market competitiveness and support compensation recommendations.
Partners with Payroll and HRBPs by providing data and analytical support for incentive plans within Lending and Retail operations, helping ensure accurate administration of established plan design and processes
Responds to compensation-related questions from HRBPs by providing data, analysis and guidance within established compensation frameworks.
Prepares compensation reports and supporting analyses for annual cycles and ad hoc requests
Supports compensation compliance activities, audits, and documentation to help ensure alignment with company policies and applicable regulations
Maintains compensation process documentation, job descriptions, and related materials to support consistent program administration
Monitors compensation-related regulatory changes and supports updates to policies, practices, and documentation as needed
Maintains data quality within compensation-related systems through audits, reconciliations, and routine validation checks
Supports process and system enhancements in partnership with the Compensation & People Analytics Program Manager and HRIS team.
Identifies opportunities to improve reporting, workflows, documentation, and operational efficiency across compensation processes.
Performs other duties as assigned.
Adheres to all organizational policies, procedures and business ethics codes.
Completes required regulatory training as assigned.
Maintains strict adherence and compliance to all laws, rules, regulations, policies, procedures and internal controls specific to the role, including but not limited to Bank Secrecy Act, Anti-Money. Laundering, USA Patriot Art, OFAC and Fair Lending Regulations.