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Senior Compensation Analyst

2 months ago

Syracuse, United States Community Financial System, Inc. Full time

Overview:

At Community Bank System, Inc. (CBSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer wealth management, investment management, insurance and risk management, and benefit plan administration.

Just as our employees are committed to helping our customers manage their finances, were committed to our employees. After all, they make it happen for our customers every day.

To ensure our people can enjoy long and successful careers here at CBSI, we offer competitive compensation, good benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.

Responsibilities:

The Senior Compensation Analyst is responsible for conducting comprehensive market research, analyzing salary data, and providing strategic guidance to ensure internal equity and external competitiveness in our compensation practices. Reporting to the Director of Compensation, the successful candidate will leverage their expertise in compensation analysis and proficiency in tools such as UKG, Aon, ERI and other survey platforms to drive informed decision-making and support organizational wide total rewards program initiatives.

Essential Responsibilities:

  • Lead the collection and analysis of compensation data from various sources, including external market surveys, benchmarking studies, and internal salary data.
  • Utilize advanced tools and methodologies to conduct in-depth analysis of compensation trends, competitive peer group positioning, and pay equity considerations.
  • Partner with senior business leaders to design and implement compensation programs, including base pay structures, incentive plans, and recognition programs, that support organizational objectives and foster employee engagement.
  • Conduct complex job evaluations and provide expert guidance on job and salary grading to ensure alignment with market trends and internal equity principles.
  • Collaborate with HR Directors and HR Business Partners to establish competitive salary ranges for new hires, promotions, and internal transfers, and provide recommendations for salary adjustments as needed.
  • Assist in the year-end salary, bonus and Long-Term Incentive Plan processes and reporting.
  • Perform Pay-Equity and Gender Pay-Gap analyses and remediation.
  • Prepare and present comprehensive reports, presentations, and summaries to communicate compensation analysis findings, insights, and recommendations to key stakeholders.
  • Stay abreast of industry trends and best practices in compensation and provide leadership to drive continuous improvement and innovation in total rewards compensation strategies and processes.
  • Ensures compliance with federal, state, and local compensation laws and regulations; specifically adhering to FLSA standards.
  • Partner with other HR Centers of Excellence with special projects and merger integrations.
  • Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to policies, procedures, and internal controls, and meet all training requirements in a timely manner.
Qualifications:

Education, Training and Requirements:

  • Bachelors Degree in Human Resources, Accounting, Finance, Business or related field
  • All applicants must be 18 years of age or older

Skills:

  • Strong analytical skills with the ability to interpret complex data, identify trends, and develop actionable insights and recommendations.
  • Strong Proficiency with Microsoft Excel and the ability to manage large data spreadsheets.
  • High level of integrity and discretion in handling confidential information and sensitive matters.
  • Excellent communication and interpersonal skills with the ability to influence and collaborate effectively with stakeholders at all levels of the organization.
  • Experience with advanced compensation survey platforms such as Aon and HRIS systems like UKG is highly desirable.

Required Minimum Experience:

  • 5+ years of experience in compensation analysis required; with the financial services industry preferred.
Min:
USD $64,000.00/Yr.

Max:
USD $108,804.00/Yr.

Other Job Information:

Compensation: Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on

Physical Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee may be required to stand, walk or sit. Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.

The Company is an Affirmative Action, Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation and gender identity), national origin, citizenship status, age, disability, genetic information, veteran status, or any other characteristic protected by applicable federal, state or local law.

The Company will make reasonable accommodations for qualified individuals with a disability. If you have a physical or mental impairment and would like to request an accommodation with respect to the application process, please contact the Human Resources Department.