Compensation and 401k Benefits Analyst

Broadway Bank•San Antonio, TX

8d•Onsite

About The Position

The Compensation and 401(k) Benefits Analyst supports the administration, analysis, and continuous improvement of the bank's compensation and retirement benefits programs. This role conducts market pricing, salary benchmarking, and compensation analyses to evaluate the competitiveness and equity of the bank's pay practices. The position analyzes internal and external market data to develop recommendations for base pay, incentive programs, and salary structures while supporting the administration and compliance of compensation, 401(k), and deferred compensation programs. Working closely with HR and business leaders, this role helps ensure compensation and benefits programs remain competitive, compliant, and aligned with organizational objectives.

Requirements

7+ years of experience in compensation with increasing responsibility, including design and administration of compensation, incentive, and equity programs; experience in a Financial Services environment is preferred.
Experience with automated processes, laws, and regulations, particularly for federal contractors, is essential.
Deep knowledge of 401(k) retirement plans and deferred compensation plans.
Bachelor’s degree or equivalent.
Advanced analytical skills, including Excel for complex models and PowerPoint for proposal creation.
Ability to articulate strategies and perspectives comfortably across various levels of leadership.
Strong planning and project management skills, capable of leading initiatives across functions.
In-depth knowledge of compensation laws and regulations, ensuring all programs are compliant.
Experience leading performance review processes and integrating them with compensation decisions.
A passion for creative solutions and continuous improvement in compensation strategies.
Exceptional attention to detail with an ability to focus on the big picture.
High level of customer service orientation and achievement-focused work ethic.
Ability to work effectively under competing priorities and strict deadlines.

Nice To Haves

CCP certification preferred.
Experience with ADP and Cornerstone OnDemand is plus.

Responsibilities

Support the annual merit increase, equity adjustments, promotions, bonus planning, salary structure revisions, ensuring competitive, equitable, and legal compliance.
Conduct job evaluations, market reviews, and classification analyses for competitive positioning and compliance, maintaining up-to-date and comprehensive job descriptions.
Collect, analyze, and report on market data, providing insights and recommendations on market pricing and pay gaps to management.
Formulate annual merit budget recommendations, analyze off-cycle spending, peer equity, and propose adjustments to management.
Generate and distribute detailed annual compensation statements to employees and executives, enhancing transparency and understanding of total rewards.
Manage incentive plans, ensuring clear communication, accurate documentation, and coordination with payroll for timely payments.
Evaluate and refine the total compensation and rewards strategy, identifying opportunities to enhance competitiveness and talent retention.
Prepare and present strategic insights and updates to executives and the Board, including compensation strategy and investment opportunities.
Lead the implementation of approved compensation program changes, continuously seeking improvement and impactful enhancements.
Provide essential training and resources to HR and management on compensation practices, enhancing organizational capabilities.
This position may require travel within the Bank’s geographic area.