Sr Compensation Analyst

US-WA-Tukwila
7 days ago
Job Title
Sr Compensation Analyst
Category
Human Resources
Position Type
Regular Full-Time

BECU Opening Statement

How would you like to be part of an organization where member values and company values are one and the same? Whose culture encourages and expects employees to advocate for our members -- which has made us the most trusted and respected financial institution throughout the communities we serve and support. That’s BECU—where we put Members First.

We’re looking for dynamic, passionate, engaged employees who value doing what’s right to serve our members – and take pride in knowing that our success depends on everyone who comes to work with us each day.

BECU is one of the nation’s leading credit unions, serving our Members for over 80 years. We know our people are what make us special, and we seek to employ those who want to make a difference. If that’s you, then read on…

Summary

The Sr. Compensation Analyst is responsible for providing compensation program leadership, support and services to business units. This person will contribute by designing, administering and delivering compensation programs that are administered effectively and in accordance with the organization's total reward strategy. This person is responsible for administration of annual and variable incentive plans, the annual compensation cycle, salary administration, job analysis and evaluation, as well as management of compensation data, tools and completion of compensation surveys. The Sr. Compensation Analyst works within the Total Rewards team as well as with HR Business Partners and recruiting team to maintain the continuity of the compensation cycle.

In this job, you will

• Perform all responsibilities in accordance with BECU Competencies and Information Protection requirements.
• Assist in the design and administration of annual incentive, variable incentive and long term incentives programs for employees and executives.
• Manage the annual compensation cycle including analysis to ensure that salaries remain competitive within guidelines, updating the salary structure and leading the merit review process.
• Evaluate and maintain salaried, hourly, middle and top management job descriptions to ensure pay is consistent with market as well as across job families within BECU.
• Manage vendor relationships and related program software, including sales incentive system. 
• Participate in compensation surveys and recommend action as necessary.
• Assist in the administration of performance appraisal and salary administration program, review changes in wages and salaries in conformance with those policies. 
• Audit evaluation of positions and application of existing classifications to positions.
• Maintain a communication program for staff regarding their compensation programs.
• Effectively measure and evaluate the value of Compensation programs and make recommendations as appropriate.
• Have a thorough knowledge of federal and state laws pertaining to compensation. Have a thorough knowledge of Credit Union personnel policies, procedures, and issues pertaining to compensation to guide and direct staff as necessary. 
• Partner with leadership, HR Business Partners and employees regarding issues, questions and concerns; taking appropriate action to see that they are resolved.
• Participate in special projects, plan design and program implementations as the organization grows.
• Perform additional duties, as assigned.
 

Qualifications

• Excellent conceptual, analytical and problem solving skills.
• Master-level Excel and/or other database skills including sales incentive systems.
• Ability to prepare and present professional level presentations to Sr. leadership teams.
• Effective leadership and negotiation skills.
• Bachelor’s degree in Finance, Human Resources or other closely related field or equivalent work or education experience required.
• Minimum of five years of experience in the HR, Compensation field required.
• Minimum two years of experience sales incentive design and administration preferred.
• Experience calculating commissions preferred.
• CCP certification or continuing education preferred.
• Experience leading project teams preferred.
• Full-time hours required, with additional hours as necessary.

EEO Statement

BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.

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