Compensation Analyst - Fair Lawn, NJ

Columbia Bank Northeast • Fair Lawn, NJ

1h • $90,000 - $110,000 • Hybrid

About The Position

The Compensation Analyst supports the administration of the Bank’s compensation programs and maintains its job data program. The role reviews and evaluates job descriptions, conducts salary benchmarking and job scoping, and prepares monthly and ad-hoc reports for the HR Department, Executive Management, and Board of Directors. The analyst participates in internal and external audits and regulatory exams, and collaborates across functions to support HR and bank-wide programs.

The position supports compensation administration, job evaluation and organizational development, compensation-related analysis and reporting, HR compliance, and stakeholder guidance. It also assists with compensation processes and communications, maintains related documentation and audit trails, and performs other job-related duties as assigned.

The role follows a hybrid schedule of three in-office days and two remote days per week. Effective January 4, 2027, the schedule is set to transition to four in-office days and one remote day per week. Hybrid arrangements are subject to business needs and may change.

Requirements

• Bachelor’s degree required.
• At least 2 years of experience in compensation analysis, with 3–4 or more overall years in the industry.
• At least 2 years of experience in Human Resources.
• Experience conducting job evaluations and salary benchmarking.
• Experience with ADP is required.
• Strong analytical and quantitative skills, with proficiency in Excel.
• Excellent written and verbal communication skills.
• Project management skills.
• Organizational and time management skills, including the ability to shift priorities.
• High attention to detail and ability to manage confidential information.
• Knowledge of federal, state, and local compensation-related regulations.
• Proficiency in PowerPoint, Visio, and Word.

Nice To Haves

• Familiarity with compensation survey data collection.
• Certified Compensation Professional (CCP) or another related certification.

Responsibilities

• Develop and regularly maintain a bank-wide salary analysis to support internal and external equity.
• Complete and submit data for annual compensation surveys.
• Support development of salary structures, pay grades, and compensation guidelines.
• Support compensation processes, including merit increases, bonuses, and salary adjustments.
• Assist with the administration, delivery, and communication of equity awards.
• Maintain the job data catalog and keep job descriptions and organizational data current.
• Analyze job descriptions and conduct job evaluations and salary benchmarking to determine appropriate salary grades.
• Compare jobs to assess grading and leveling across departments.
• Partner with Business Leaders on job evaluations and organizational development.
• Partner with HRBPs and Talent Acquisition to align pay administration and job evaluation processes with ongoing efforts.
• Prepare reports and analyses supporting compensation, incentive, and performance appraisal programs, including budget projections and modeling for base salaries, bonuses, and merit increases.
• Analyze compensation data to identify trends, discrepancies, and development opportunities.
• Compile annual AAP data and prepare reports for Senior Management.
• Use data visualization tools to present findings.
• Participate in internal and external audits, regulatory exams, evaluations, and compliance reviews related to HR data and processes.
• Maintain documentation and audit trails for compensation decisions and processes.
• Assist in developing and communicating compensation policies and procedures.
• Collaborate with HRBPs, Talent Acquisition, and other stakeholders to provide compensation guidance.
• Provide training and support on compensation-related topics.
• Perform other job-related duties as assigned.

Benefits

• Contributory medical, dental, vision, and prescription drug benefits.
• Bonus programs.
• Employee Stock Option Program (ESOP).
• Life insurance, long-term disability, and accidental death and dismemberment coverage.
• Paid time off, including personal and vacation time.
• Paid sick time.
• Bank holidays.
• 401(k) program participation.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level