Compensation Analyst - Columbia Bank - Tacoma, WA

Thursday, September 27, 2018 11:12 AM | Anonymous member (Administrator)

POSITION SUMMARY

Assists in the development, implementation, administration and evaluation of strategies, plans, programs and procedures designed to provide for equitable and competitive employee compensation. The work is primarily consultative in nature, and elements of the work include job analysis and documentation, salary survey participation and market data analysis, interpretation of regulatory guidelines, and creation/interpretation of internal policies/standards within the context of the compensation function.

RESPONSIBILITIES

Consulting

  • Consult with company leaders and human resources on issues pertaining to all areas of compensation management.
  • Handle issues with typically large scope, higher levels of complexity, sensitivity and/or visibility with the organization.
  • Encourage others to take a strategic approach to solving compensation issues as opposed to simply responding to the current situation.
  • Serve as a resource to explain compensation policy and systems.
  • Provide training on compensation related programs.
  • Act as a subject matter expert in areas of compensation practices.

Salary Management Reporting and Consultation

  • Oversee and run corporate programs such as the annual Focal, Bonus and High Performer Equity Grant processes
  • Maintain compensation calendar of activities for review and approvals including compensation program analysis and executive summaries
  • Job Classification / Market Pricing
  • Conduct the job evaluation process, consult with HR partners and manager who are creating or revising positions to develop job descriptions that meet internal standards and that reflect actual essential functions and minimum requirements.
  • Review job descriptions for content. May request revisions to clarify or enhance the quality and consistency.
  • Research market data and selects appropriate benchmarks. Analyze the position completely to determine its relationship to other positions with the company to ensure internal equity.
  • Prepare cost analysis and pay grade recommendations.
  • Maintain reports and summaries of results.

Survey Management

  • Participate and analyze salary survey results to ensure current pay practices are cost effective and market competitive.
  • Evaluate market and economic trends. Identify variances and develop recommendations.
  • Analyze costs of proposed recommendations.
  • Manage and perform global total rewards market analysis including competitive market position for current plans including budget recommendations

Variable Pay

  • Develop, manage, and implement compensation strategies such as plan documents, changes, philosophy and best practices etc.
  • Management and coordination of plans such as executive deferred compensation, producer incentive plans, stock purchase plans/grants
  • All employees are responsible for internal controls in the performance of their assigned duties. Internal Control responsibilities are established in various policies, procedures, and documents, including the Code of Conduct.

MINIMUM JOB REQUIREMENTS

  • Bachelor's Degree in Human Resources, Business Administration preferred. Relevant work experience by substitute for degree
  • 3+ years progressively responsible experience in compensation, including the design and administration of compensation programs
  • Knowledge of FLSA compliance
  • Demonstrated experience solving compensation issues through quantitative and qualitative analysis
  • Experience developing & delivering presentations including executive summaries to various audiences including senior management team and/or divisional leaders
  • Excellent analytical skills including strong spreadsheet capabilities in Excel
  • Teamwork skills with a sense of urgency. The ability to both manage and assist with compensation related activities
  • Ability to lead a variety of projects from start to finish (e.g. needs identification and assessment, modeling and analysis, solution design and implementation).
  • Process improvement oriented and the ability to make recommendations and decisions
  • Strong verbal and written communication skills
  • Strong internal and external customer focus
  • Team player (both as a leader and a member)

OUR CORE BEHAVIOURS

  • Be Genuine. Conduct yourself in a consistent, honest and compassionate manner at all times.
  • Work Ethic. Be willing to go the extra mile for the customer, whether internal or external.
  • Influence. Be an active player in participating, building and contributing to service.
  • Continuous Learning. Commit to gaining knowledge, skills and experience on an ongoing basis in order to better serve the customer, increase personal satisfaction and improve Columbia Bank.
  • Team Play. We win together. Individuality is encouraged to advance and enrich the work of the team.
  • Problem Solving. Bring creative, problem-solving mentality to every situation. See alternatives, take initiative and assume responsibility for your actions.
  • Communication. Keep others informed and up-to-date. Actively listen and learn from each other.
  • Have a sense of community. We firmly believe that we're only as strong as the communities we serve. Your involvement is an important part of who we are.

PHYSICAL AND MENTAL REQUIREMENTS

  • Ability to sit at a computer monitor for extended periods of time
  • Ability to perform repetitive finger, hand, and arm movements
  • Ability to lift up to 15lbs
  • Ability to effectively discern information and formulate appropriate action
  • Ability to reach, squat, bend, and manually manipulate standard office equipment

 

Contact to Apply:

Alia Goss

Recruiter

Human Resources/Talent Acquisition

1301 A Street, Suite 600

Tacoma, WA 98402

AGoss@columbiabank.com


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