Compensation Analyst

Regions•Birmingham, AL

3d•$55,399 - $75,280•Onsite

About The Position

At Regions, the Compensation Analyst assists with implementing and administering compensation programs, focusing on established procedures, analyses, and report preparation. The position administers wage and salary programs under direct supervision, maintains job-family and job-level information, conducts job evaluations and pay analyses, and participates in salary surveys. The role is intended to be onsite now or in the near future, with regular work hours that include full days in the office three or more days per week. The manager sets the schedule and in-office expectations. The position is exempt from Fair Labor Standards Act timekeeping requirements and is not eligible for overtime pay. It may be filled at a higher level depending on qualifications and relevant experience. Relocation assistance is not provided. Applicants must be authorized to work full-time in the United States; visa sponsorship is not available at this time.

Requirements

Bachelor's degree in Human Resources, Business, Accounting, Finance, or a related field.
Ability to research and analyze data and derive facts.
Ability to adapt and work with a variety of situations, individuals, business leaders, and groups.
Analytical skills and attention to detail.
Good written and verbal communication skills.
Ability to work under pressure with strict deadlines.
Organizational and time management skills.
Strong Excel skills, including formulas, pivot tables, and VLOOKUP.
Must be currently authorized to work in the United States on a full-time basis.

Nice To Haves

Two years of experience in Compensation, Human Resources, or professional-level banking.

Responsibilities

Administer Regions wage and salary administration programs under direct supervision.
Create and maintain job families, job summary descriptions, and data maintained at the job level.
Handle administrative tasks related to job creation, setup, and recordkeeping.
Conduct job audits and research pay practices and trends.
Complete job evaluations to determine appropriate job classification in accordance with the Fair Labor Standards Act (FLSA).
Analyze pay structures, market-based grades, and geographic differentials.
Recommend and implement associate pay structures under the guidance of a manager or senior consultant.
Perform job evaluations and assign appropriate pay structures.
Analyze information to develop a conceptual understanding of job descriptions, management levels, and organizational structure.
Participate in salary surveys.