Compensation Analyst

S&T Bank•Pittsburgh, IN

2d•Hybrid

About The Position

The Compensation Analyst is responsible for supporting the organization's compensation programs and payroll operations. This role ensures accurate and timely payroll processing, analyzes compensation data to maintain competitive and equitable pay practices, supports job evaluations, and assists with compliance, reporting, and process improvements. The position partners closely with Human Resources, Finance, and business leaders to ensure compensation and payroll programs align with organizational goals and regulatory requirements.

Requirements

Requires a four-year degree or equivalent.
Two to five years of general experience and two to five years of specialized experience in compensation analysis, payroll administration, HR analytics, or a related role.
Experience working with HRIS and payroll systems (Workday, ADP, UKG, SAP SuccessFactors, Oracle, etc.).
Understanding of 401K regulations

Nice To Haves

Human Resources, Business Administration, Finance, Accounting, Economics, or related field preferred.
Experience with compensation surveys and market pricing preferred.
Certified Compensation Professional (CCP), Fundamental Payroll Certification (FPC), Certified Payroll Professional (CPP), SHRM-CP/SHRM-SCP or PHR/SPHR

Responsibilities

Analyze compensation data and market trends to support competitive pay practices.
Participate in salary surveys and benchmark positions against market data.
Assist with job evaluations, grading, and salary structure administration.
Support annual compensation processes, including merit increases, promotions, and incentive programs.
Conduct pay equity analyses and support compensation compliance initiatives.
Prepare compensation reports, dashboards, and presentations for leadership.
Maintain compensation-related data in HRIS systems.
Partner with HR Business Partners and managers on compensation recommendations.
Process payroll accurately and timely in accordance with organizational policies and payroll schedules.
Audit payroll transactions, including new hires, terminations, transfers, bonuses, and salary adjustments.
Ensure compliance with federal, state, and local wage and hour regulations.
Reconcile payroll reports and resolve discrepancies.
Coordinate payroll-related activities with Finance, HR, and external vendors.
Maintain employee payroll records and tax-related information.
Support year-end payroll activities, including W-2 processing and audits.
Respond to employee inquiries regarding pay, deductions, taxes, and payroll policies.
Generate recurring and ad hoc payroll and compensation reports.
Analyze workforce, compensation, and payroll trends.
Ensure compliance with FLSA, wage and hour laws, tax regulations, and company policies.
Support internal and external audits.
Maintain data integrity across HRIS, payroll, and compensation systems.
Identify opportunities to improve payroll accuracy and compensation administration processes.
Assist with HRIS, payroll, and compensation system implementations or upgrades.
Develop and maintain documentation, procedures, and controls.