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Compensation Analyst

4 months ago

Birmingham, Alabama, United States Regions Full time

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

At Regions, the Compensation Analyst assists in the implementation and administration of compensation programs. Position focuses on administering defined procedures, analyses and report preparation.

Primary Responsibilities

  • Under direct supervision, administers Regions wage and salary administration programs
  • Creates and maintains job families, job summary descriptions and data maintained at the job level
  • Handles all administrative tasks relating to job creation, set up and recordkeeping
  • Performs job audits and researches pay practices and trends
  • Completes job evaluations to determine appropriate job classification in accordance with the Fair Labor Standards Act (FLSA)
  • Provides analysis of pay structure, market-based grades, and geographic differentials
  • Recommends and implements associate pay structures under the guidance of manager or senior consultant
  • Performs job evaluations and assigns appropriate pay structure
  • Analyzes information to develop a conceptual understanding of job descriptions, management levels and organizational structure
  • Participates in salary surveys

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

  • Bachelor's degree in Human Resources, Business, Accounting, Finance, or related field

Preferences

  • Two (2) years of Compensation, Human Resources, or professional level banking experience

Skills and Competencies

  • Ability to research, analyze data, and derive facts
  • Adapts and works with a variety of situations, individuals, business leaders, and groups
  • Analytical skills
  • Attention to detail
  • Good communication skills both written and verbal
  • Must be able to work under pressure with strict deadlines
  • Organizational and time management skills
  • Strong Excel skills (i.e., formula's, pivot tables, VLOOKUP, etc.)

This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$47,637.60 USD

50th Percentile:

$68,290.00 USD

Incentive Pay Plans:

This job is not incentive eligible.Location:Birmingham, Alabama

Bring Your Whole Self to Work

We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.