Compensation Analyst

UFCU•Austin, TX

7d•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. About UFCU Our Credit Union was founded in 1936 and has grown to serve members throughout Texas and beyond. At UFCU, we are more than just a financial institution, and our people are more than just employees. We are dedicated to our purpose of empowering our Members to achieve financial success and build brighter futures. In pursuit of our aspiration that UFCU is loved by millions of Members and built to thrive for generations, we are guided by our values: Purposefully Member-Obsessed We are driven by a profound sense of empathy to deeply understand our Members’ needs and preferences, what brighter futures means to them, and the obstacles in their way. We act in our Members’ best interests, forever seeking to empower their financial success. Possibilities Reimagined We are inspired to courageously experiment, learn, and iterate in pursuit of positive impact for our Members, UFCU, and coworkers. We challenge assumptions, embrace diverse perspectives, and make use of data and insights. Performance Excellence Rooted in Unwavering Integrity We do the right thing, always. We champion teamwork, accountability, continuous improvement, and celebrate successful outcomes of others, fostering an inclusive environment of excellence and collaboration.

Requirements

Demonstrated knowledge of compensation principles, practices, and methodologies
Strong analytics skills, with proficiency in Excel and HRIS/reporting tools
Solid understanding of market survey methodologies
Solid knowledge of human resources policies, processes, and applicable laws
Effective interpersonal, listening, collaborative, verbal and written communication skills
Attention to detail and commitment to delivering accurate work within deadlines
Ability to effectively build relationships, establish rapport, and diplomatically communicate information
Strong problem-solving skills and initiative, with a collaborative approach to working in teams
Ability to demonstrate empathy and excellent teamwork skills
Ability to effectively demonstrate integrity and accountability, as well as focus on results
Self-starter who is motivated to successfully assist with complex project deliverables
High degree of adaptability with the ability to work under tight deadlines and changing needs
Ability to support the analysis and implementation of compensation programs and processes in support of business and talent objectives
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.