Senior Compensation Analyst
About The Position
Mechanics Bank is currently searching for a Senior Compensation Analyst to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role can work onsite in Irvine, CA or Walnut Creek, CA. The Senior Compensation Analyst is a key member of the Total Rewards team, responsible for analyzing, designing, and administering compensation programs across the organization. This role partners with HR and business leaders to provide expert guidance on pay decisions, market competitiveness, and job architecture. The analyst leads complex compensation projects, conducts advanced data modeling, and ensures compliance with regulatory requirements and pay equity standards. Acting as a subject matter expert, the position drives process improvements and delivers insights that support strategic talent and compensation decisions. What you will be doing: Partner with Talent Acquisition and HR teams to provide compensation analysis and recommendations for new hires, promotions, and market adjustments. Conduct complex compensation studies, modeling, and reporting to support strategic decisions. Maintain salary structures and job architecture, including job evaluations, FLSA determinations, and organizational updates in HRIS. Support annual compensation review cycles, incentive plans, and equity administration. Ensure compliance with pay equity laws and regulatory requirements through annual audits and recommendations. Participate in compensation surveys and analyze market data to inform pay strategies. Collaborate with Payroll, vendors, and auditors on compensation-related projects. Provide guidance and mentorship to junior analysts and contribute to process improvements.
Requirements
- 4 year / Bachelors Degree in Human Resources, Business, Finance or related field required.
- 5 years of experience in compensation or Human Resources Analytics required.
- Mastery of job evaluation methods & market pricing required.
- Knowledge of laws and regulations relating to compensation administration (i.e. FLSA, California Fair Pay Act, Dodd-Frank Act) required.
- Expert analytical skills.
- Maintain confidentiality and professionalism in handling sensitive employee information.
- Must possess both a high degree of computer proficiency with Microsoft Office applications as well as a strong working knowledge of HRIS systems.
- Strong research, written and verbal communication skills are essential.
- Exhibits constant use of tact, discretion and good judgment.
- Must be service oriented and possess excellent interpersonal skills.
- Must have effective time management and project management skills as well as possess the ability to work efficiently without direct supervision.
- Ability to use tact, discretion and good judgment at all times.
- Must possess excellent human relations skills and time/project management skills in order to establish and maintain effective working relationships and project teams.
- Interpret non-routine guidelines to various complex activities and challenge underlying assumptions when appropriate to improve methods and processes.
- Display resourcefulness, cooperation, commitment and dependability.
- Readily accept responsibility and show interest in and active involvement in producing new ideas.
- Strong Excel skills are essential.
- Strong research, writing and communication skills are essential.
- Must be able to work effectively and efficiently without direct supervision while managing multiple projects simultaneously.
Nice To Haves
- Experience with WorkDay and PayFactors preferred.
Responsibilities
- Partner with Talent Acquisition and HR teams to provide compensation analysis and recommendations for new hires, promotions, and market adjustments.
- Conduct complex compensation studies, modeling, and reporting to support strategic decisions.
- Maintain salary structures and job architecture, including job evaluations, FLSA determinations, and organizational updates in HRIS.
- Support annual compensation review cycles, incentive plans, and equity administration.
- Ensure compliance with pay equity laws and regulatory requirements through annual audits and recommendations.
- Participate in compensation surveys and analyze market data to inform pay strategies.
- Collaborate with Payroll, vendors, and auditors on compensation-related projects.
- Provide guidance and mentorship to junior analysts and contribute to process improvements.
Benefits
- Medical, prescription, dental, and vision coverage for employees and their eligible family members
- Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
- Health Savings Account with employer contribution
- Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
- 401(k) and Roth 401(k) with company contribution
- 529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
- Supplemental Health plans, Voluntary Legal and Identity Theft Services
- 11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
- Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1,001-5,000 employees
