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Compensation & HR Analyst

4 months ago

New York, United States Tandym Group Full time

A large bank based in New York City seeking a skilled Compensation & HR Analyst to ensure their compensation programs remain competitive, equitable, and compliant. This individual will play a key role in analyzing compensation data, market trends, and job roles to provide strategic recommendations and administer compensation programs effectively.

Responsibilities:

  • Conduct comprehensive analysis of compensation data to uphold competitiveness, internal equity, and legal compliance
  • Evaluate job roles and responsibilities to determine appropriate classifications and salaries, ensuring accuracy and consistency through job analysis and description development
  • Administer compensation programs, overseeing merit increases, bonuses, and long-term incentives. Coordinate data collection and calculation of employee KPIs to support incentive compensation
  • Collaborate with managers and HR partners to guide compensation planning cycles and address related matters effectively
  • Analyze HR data to identify trends and opportunities for process enhancement, presenting findings and insights to HR leadership and stakeholders through reports and dashboards
  • Stay abreast of federal, state, and local laws and regulations concerning compensation and HR practices, ensuring adherence to legal requirements and company policies
  • Communicate compensation and HR policies, programs, and updates clearly to partners
  • Prepare monthly and quarterly reports to support compensation and HR initiatives


Qualifications:

  • Bachelor's degree in Human Resources, Business Administration, Finance, or a related field
  • Minimum of 2 years of experience in compensation analysis, HR analytics, or a relevant field, preferably within financial services
  • Proficient in Excel and PowerPoint, with strong analytical skills. Experience with HRIS systems, particularly ADP Workforce Now, is advantageous
  • Thorough understanding of compensation principles, practices, and legal requirements
  • Excellent communication and interpersonal skills, enabling effective collaboration across teams
  • Detail-oriented with a commitment to accuracy and confidentiality
  • Ability to prioritize tasks, manage multiple projects concurrently, and meet deadlines within a dynamic environment