Compensation Analyst

Regions Bank•Birmingham, AL

10d•Onsite

About The Position

At Regions, the Compensation Analyst assists in implementing and administering compensation programs, focusing on established procedures, analysis, and report preparation. The position administers wage and salary programs, maintains job-related information, evaluates jobs and pay structures, researches compensation practices and trends, and participates in salary surveys. The role works under direct supervision and may be filled at a higher level depending on the candidate’s qualifications and relevant experience. This position is intended to be onsite, now or in the near future, with regular work hours and full days in the office three or more days a week. The manager sets the work schedule and in-office expectations. The position is located at Regions Center in Birmingham, Alabama. Relocation assistance is not provided. Applicants must be currently authorized to work in the United States on a full-time basis; Regions will not sponsor work visas for this position. The role is exempt from FLSA timekeeping requirements and is not eligible for overtime pay.

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 Compensation, Human Resources, or professional-level banking experience.

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 relating to job creation, setup, and recordkeeping.
Perform 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.