Senior Compensation & Benefits Specialist

Municipal Credit Union • New York, NY

11h • $99,800 - $134,730

About The Position

The Senior Specialist, Compensation & Benefits administers and analyzes compensation and benefits programs, including market benchmarking, salary planning, incentive programs, and regulatory compliance. The role partners with HR and business leaders to provide recommendations that strengthen the organization's total rewards strategy. It requires advanced analytical skills and Excel proficiency, independent judgment, and the ability to manage multiple vendors and projects.

The position supports compensation administration and strategy, including job evaluations and leveling, market pricing, salary structures and pay ranges, annual compensation planning, pay equity analysis, audits, reporting, compliance, and process improvements. It also administers U.S. benefits programs and supports vendor relationships, enrollment, wellbeing activities, employee guidance, audits, regulatory filings, plan testing, cost analysis, and benefits implementation projects.

Municipal Credit Union's mission is to help hard-working New Yorkers build better tomorrows, and its vision is to be New York's most loved financial institution by helping members build their best financial futures. The organization identifies Results, Agility, Integrity, Belonging, and Ownership as its core values.

Requirements

• Bachelor’s degree in human resources or business administration/management.
• 5–7 years of experience in compensation and benefits administration, including complex analysis and support for projects and programs.
• Strong knowledge of employee benefits and applicable laws.
• Excellent written and verbal communication skills.
• Excellent organizational and time management skills.
• Advanced proficiency in Excel and Microsoft Office Suite or similar software.
• Ability to perform effectively in a high-volume environment while maintaining accuracy and attention to detail.
• Strong technological proficiency.

Nice To Haves

• SHRM Certified Professional (SHRM-CP) or SHRM Senior Certified Professional (SHRM-SCP) credential.
• Certified Compensation Professional (CCP) or Certified Benefits Professional (CBP) credential, or in the process of obtaining one.

Responsibilities

• Administer compensation programs and processes in alignment with business objectives, market competitiveness, and internal equity.
• Conduct job evaluations, job leveling, market pricing, and compensation benchmarking using survey data and external sources.
• Support annual compensation planning, including salary planning, merit and promotional increases, market adjustments, and incentive programs.
• Administer and maintain U.S.-based salary structures, job architecture, pay ranges, compensation guidelines, and pay policies.
• Analyze compensation data, workforce trends, and market intelligence and provide recommendations to leadership.
• Partner with HR and business leaders on organizational changes, compensation recommendations, and workforce planning.
• Develop and present compensation analyses, reports, dashboards, workforce analytics, and executive summaries.
• Ensure compliance with compensation regulations, wage and hour requirements, pay transparency laws, and internal controls.
• Conduct compensation audits, pay equity reviews, regulatory reporting, and ongoing compliance initiatives.
• Identify process improvements, automation opportunities, and best practices in compensation administration.
• Partner with HR Business Partners, Talent Acquisition, and business leaders on compensation guidance for hires, promotions, transfers, and off-cycle adjustments.
• Validate inputs, reconcile discrepancies, and maintain data accuracy and reporting integrity across systems.
• Maintain job descriptions, price new roles, and update documentation for compliance and organizational changes.
• Administer and support U.S. health, welfare, retirement, leave, wellness, and voluntary benefits programs.
• Manage day-to-day relationships with benefit providers, brokers, consultants, and third-party administrators.
• Coordinate annual benefits open enrollment, wellbeing fairs, and activities, including planning, implementation, employee communications, and vendor coordination.
• Analyze benefits program effectiveness and recommend enhancements that support employee well-being, engagement, and organizational goals.
• Administer benefit enrollments, life event changes, eligibility, and complex benefit issue resolution, and identify process improvements.
• Partner with Payroll, HRIS, Finance, and external vendors on accurate benefit processing, reporting, and reconciliation.
• Ensure compliance with ERISA, ACA, COBRA, HIPAA, Section 125, retirement plan requirements, and applicable state regulations.
• Conduct benefits audits, Form 5500 regulatory filings, plan testing, and internal control reviews.
• Support benefit policies, procedures, employee communications, and standard operating procedures, ensuring processes comply with applicable U.S. state rules and regulations.
• Analyze benefits utilization, trends, and costs and recommend effective plan management and cost containment measures.
• Support benefits implementation projects, vendor transitions, and new program rollouts.
• Provide employees, managers, and HR team members with guidance on benefits matters, including standard operating procedures.

Benefits

• 401(k) with a 6% employer match per pay period.
• Medical insurance.
• Vision insurance.
• Dental insurance.
• Life insurance.
• Disability insurance.
• Flexible paid time off.
• 11 paid holidays annually.
• May be eligible for a discretionary bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior