Senior Compensation Analyst

Bank OZK•Little Rock, AR

About The Position

Founded on a legacy of more than 120 years in banking, Bank OZK is much more than just a company. We’re nationally recognized as an industry leader in financial services. That means we combine exceptional service with innovative technologies to deliver smart solutions to our clients across the country. We’re investing in small businesses, fueling economies in local communities and changing skylines in the largest cities across America. Here, we're not simply filling roles. We're fostering even greater careers. The foundation for a great career starts with an exceptional team and a comprehensive benefits package. We believe in providing our dedicated team members with the best resources to support their physical, mental and financial wellbeing, including generous PTO, 401(k) matching, health, dental, vision (and pet!) insurance as well as special perks and discounts. Learn more about Bank OZK benefits.

Requirements

Comprehensive knowledge of compensation design, planning, methodology, and analytics
Comprehensive knowledge of government regulations, laws, and best practice as they pertain to compensation and job architecture/descriptions
Knowledge of other functional areas of HR
Ability to manage multiple priorities and projects, adapt quickly to changing needs, and interact effectively and professionally with all levels of management
Ability to demonstrate effective negotiation skills, including the ability to persuade and influence decision makers
Ability to demonstrate effective critical thinking, analytical, and problem-solving skills
Ability to demonstrate effective time management, project management, and organizational skills
Ability to demonstrate strong business acumen
Ability to complete accurate, detailed work and meet exacting deadlines
Ability to accurately interpret large amounts of data and present such data in an understandable format for others
Ability to communicate effectively both verbally and in writing
Ability to provide excellent customer service.
Ability to work effectively both independently and in a team-oriented environment
Ability to work without close supervision
Ability to maintain confidentiality
Ability to follow policies and procedures and to communicate them accurately to others
Skill in using computer, Microsoft Office products (i.e., Word, Excel, PowerPoint, Outlook), compensation tools/databases and other HRIS technology
Bachelor’s degree, preferably in human resources, business administration, finance or related field, or commensurate work experience, required
7+ years’ experience developing, implementing, administering, and managing compensation programs, including conducting job/competency analysis, required; or 5+ years’ work experience in compensation planning, design, and administration plus 2+ years’ experience in a human resources generalist role, including business/data/financial analysis, required
Demonstrated proficiency in Microsoft Excel required
Familiarity with various HRIS and compensation technology required

Nice To Haves

PHR, SPHR, CCP or other relevant certification preferred

Responsibilities

Design, implement, and analyze compensation programs including base pay programs, long- and short-term incentives, spot bonuses, commissions, etc. in alignment with company objectives for recruiting, retention, and engagement.
Lead compensation-related projects and initiatives, ensuring effective planning, execution and communication with key stakeholders.
Conduct job/competency analysis to develop job families/structures; write, edit, and maintain job descriptions including classifications, essential job functions, minimum requirements, etc.
Evaluate jobs and benchmark against market data to determine competitive pay ranges.
Conduct research and analysis on identified markets, pay equity, compensation trends, etc.
Advise managers and HR staff on pay decisions/requests, including salary offers, that are competitive, ensure pay equity, support employee engagement, and comply with compensation policy and budgetary guidelines.
Actively participate in the development and maintenance of job architecture and career pathing structures.
Design and communicate pay structures, grades, budgets, and compensation guidelines.
Demonstrate proficiency in Microsoft Excel, Power BI and similar tools to conduct modeling, statistical analysis, and costing of base, incentive, and equity pay.
Identify, analyze and report on HR metrics, providing timely insights to assist in making data-driven decisions.
Assess and manage compliance and risk related to compensation practices.
Assist with developing and delivering compensation communication and training.
Actively participate in the design, implementation, and administration of performance management programs as they relate to compensation.
Maintain current knowledge of HR-related programs, policies, and procedures, including trends and developments in legal and regulatory matters; ensure programs, processes, procedures, and documentation are compliant with both applicable laws and regulations and company policies and procedures.
Produce accurate, thorough, and timely work, while meeting commitments and following policies and procedures.