Senior Compensation Analyst

First National Bank Of Pennsylvania•Pittsburgh, PA

58d•Onsite

About The Position

This position partners with Executives and Line of Business Leaders on financial analysis in conjunction with metrics and data related to compensation and organizational management. Assists with designing and developing the implementation of the organization's compensation strategy. Analyzes current compensation programs, policies, and practices. Additionally, this role is responsible for the preparation of complex financial analyses, preparing various financial reports, reviewing, and analyzing financial data. Heads the process of conducting analysis of jobs in order to evaluate and recommend adjustments required to maintain internal equity, external competitiveness, and assist in understanding the compensation compliance of the organization's pay practices while maintaining data integrity.

Requirements

BA or BS
Minimum 5 years of Job Related Experience
Ability to work and multi-task in a fast paced environment
Excellent communication skills, both written and verbal
Excellent organizational, analytical and interpersonal skills
Detail-oriented
Ability to use a personal computer and job-related software
MS Word - Intermediate Level
MS Excel - Expert Level
MS PowerPoint - Intermediate Level
Knowledge of Workday or equivalent report writing software and HRIS systems, basic accounting, compensation practices and principles, as well as, related regulations.

Responsibilities

Helps design and communicate pay structures, grades, compensation budgets, and guidelines as well as head the year end merit process for the entire organization.
Leads the research, implementation, and oversees the organization's pay structure.
Calculates monthly, quarterly and/or annual payouts under the corporation's various incentive compensation and commission plans.
Ensures payouts are calculated accurately, timely and in accordance with various plan documents.
Assists in the analysis and administration of employer compensation plans by designing and maintaining plan documentation, including preparation and revision of incentive compensation plan documents.
Assists Chief Risk Officer and Manager of Compensation and Benefits Accounting with annual risk assessment of all incentive compensation plans for the entire corporation.
Evaluates jobs and determines pay grades through analytical research and participates in Compensation surveys.
Works closely with members of management and Finance to prepare Salary Budget figures and monitor variances to actual throughout the year and educates management on the budget process.
Extensive knowledge of compensation laws, pay equity practices, and regulations.
Helps the organization develop fair compensation structures to attract and retain employees by analyzing various data.
Performs other related duties and projects as assigned.
All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation's risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines.
Compliance with regulatory laws and company procedures is a required component of all position descriptions.