Compensation Analyst

KeyBank•Brooklyn, OH

30d•$57,000 - $87,000•Hybrid

About The Position

Under general supervision, assists with the design, implementation, and administration of Key's Shared Services programs and analyzes data from various sources to inform the programs. Collaborates with internal and external partners providing necessary tools and information in order to make informed decisions.

Requirements

Bachelor's Degree Human Resources, Business Administration, Finance, or related discipline. (required)
1-3 years HR, Finance or related field with an analytical focus (preferred)
Proficient in building Microsoft Excel analysis and graphs, combining data from multiple sources, & trouble shooting and proficient in creating Microsoft Power Point presentations. Self-starter and self-learner of new skills in Excel and Power Point.
Excellent organizational and time management skills
Strong results orientation and attention to detail
Critical Thinking: The ability to identify issues, communicate them, and explain the characteristics and steps in effective decision-making
Influence: Describes key concepts of influencing and has the ability to identify key players and decision makers
Problem Solving: Utilizes accepted procedures for problem analysis and resolution; explains the value of a disciplined approach to problem solving
Collaboration: Demonstrates a basic understanding of collaborative processes and provides examples of how collaboration has or can help the organizational reach its goals
Adaptability: Understands that change is inevitable and seeks value in new ways of doing things while coping with day-to-day frustrations, adversities and uncertainties related to change
Analytical Thinking: Gives examples of how analytical thinking has been or can be used to resolve problems and names specific tools or techniques to support the process
Business Acumen: Works to understand the business priorities of internal and external clients and can describe relevant profitability drivers and considerations
Oral & Written Communication: Demonstrates the ability to speak, write, and present in a way that effectively conveys the intended message to an audience
Change Navigation: Demonstrates the ability to modify work as directed and applies the concept of continuous improvement to develop new skills during change initiatives
Constructive Debate: Demonstrates willingness to examine own position and cites instances of healthy and destructive conflicts

Responsibilities

Completes job evaluations and benchmarks internal positions making recommendation to manager, finance and HR partners, and with manager to leaders. Recommendation includes career level, salary grade and compensation targets when appropriate.
Performs annual market pricing reviews while developing understanding of client’s industry / strategy and understanding of our competition and how business works to inform recommendations.
Assists with the analysis, design, and implementation of Key’s long-term incentive compensation program, including the process for annual grants and modeling the impact of any changes to design. Assists with other aspects of equity administration.
Provide annual proxy statement support (collection and data validation, drafting compensation tables and footnotes, etc.)
Analyzes compensation or benefits data in order to determine trends, anomalies, and gaps. Uses analysis to help assess the effectiveness of programs, using both internal and external information.
Utilizes analytical insights to develop and present meaningful recommendations to team members, managers, HR and Finance partners, business leaders, etc.
Assists with the analysis, design, and implementation of compensation or benefits programs. Partners with HR, finance, business leaders, vendors, external consultants as necessary to review and/or redesign programs. May also assist with administering and communicating compensation or benefits plans.
Works to develop understanding of clients, vendors, industry, and strategy. Seeks understanding of our competition and how business works to inform recommendations
Ensures compliance with relevant regulations and laws. May complete compliance testing of applicable risk related controls for compensation or benefits programs. Monitors legislative developments that relate to compensation and benefits.
Assists with the development and execution of communications. Supports the Total Rewards philosophy and framework. As needed, supports material preparation for various Management and Board Committee.
Works to develop understanding of clients, vendors, industry, and strategy. Seeks understanding of our competition and how business works to inform recommendations
Performs other duties as assigned; duties, responsibilities and/or activities may change, or new ones may be assigned at any time with or without notice
Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key.