Compensation / Benefits Analyst
Company: Heritage Bank
Posted on: June 24, 2022
Heritage Bank has an exciting opportunity in our Human Resources
Department, and we are seeking an experienced Compensation /
Benefits professional,to join our dynamic team!The Compensation /
Benefits Analyst is responsible for for analyzing and administering
company compensation and benefits programs. Participates in the
development, administration, and analysis of compensation and
benefits programs that are internally equitable and externally
competitive. Provides technical support, training, and
communications for the organization's compensation and benefits
Preferred geographical location is Tacoma, WA. Depending on
experience other locations within Heritage Bank's footprint (WA/OR)
may be considered. Flexibility to work a remote / hybrid schedule
may be considered.
The successful candidate will be able to:
Assist in the preparation of job descriptions by completing job
evaluation/analysis and benchmarking jobs against salary survey
data and other market intelligence to determine competitive
compensation ranges and FLSA compliance.
Gather and compile data for market-based compensation surveys; uses
data analysis techniques to assess results and market trends.
Prepares summary of findings and recommendations for
Monitor the effectiveness of compensation policies, guidelines, and
procedures; participates in the review and recommendation of base
pay and incentive plans that are cost effective and consistent with
compensation trends and company objectives.
Support incentive plan processes including requirements gathering,
system configuration, data preparation, process management, and
Assist with the annual salary planning and budgeting process;
reviews salary increases for internal / external equity and
compliance with company guidelines.
Support the administration of the health insurance and retirement
benefit programs; participates in contract renewals,
communications, problem resolution, and broker/vendor
relationships. Facilitates implementation and enrollment for
insurance and retirement plans.
Prepare and provide employee and manager training and communication
regarding compensation and benefit programs.
Gather and calculate data and prepares a variety of monthly,
quarterly, and annual reports for management and/or Board of
Directors; ensures reports are accurate, complete and prepared on
Understand and maintain working knowledge of, and ensures bank
activities are performed in compliance with, all state and federal
banking laws and regulations applicable toassigned area.
Contributes to the success of the department with willingness to
share in all department responsibilities and provide back-up
assistance to team members, as required or assigned.
Bachelor's degree in Human Resources, Management, Business
Administration, Finance, Statistics or Compensation and Benefits -
3 yearsrelevant experience administering corporate compensation and
benefits plans in a multi-site, multi-state environment.
Experience using a ticketing / case management system or service
desk (Jira, ManageEngine SD, etc.) - preferred.
Experience supporting one or more HR disciplines and working
knowledge of HRIS applications and ADP software products such as
WFN, within an HR department in a community banking or financial
services industry - highly preferred.
Professional certifications, such as PHR/SPHR, SHRM-CP/SCP, CCP, or
Equivalent combination of education and experience may be
Provides an exceptional level of quality service for internal and
Exhibits professional and effective listening, verbal, written and
telephone etiquette business communication skills, including
effective questioning and presentation skills; with the ability to
read, write, speak, and understand English well.
Strong understanding of compliance requirements, laws, regulations,
policies, and procedures pertaining to Human Resources and
governing employment practices, including EEO, FLSA, ADA, FMLA,
HIPAA, ERISA and other benefits/compensation-related laws and
Strong problem solving and decision-making skills, demonstrating
analytical reasoning, organization, data review and time management
skills, with the ability to accurately manage multiple assignments,
goals, and reporting requests, ensuring priorities are set and
commitments and deadlines are met, with minimal direction and
Unquestionable integrity in handling sensitive and confidential
Advanced use of MS Office products (Word; Excel -formulas, pivot
tables, etc.;Outlook), with the ability to adapt to and learn new
technologies quickly.Working knowledge/experience using HRIS
systems (i.e., ADP, Workday, Ultipro) with the ability to
understand report requirements and system capabilities.
Climate controlled office environment. Work will generally be
performed onsite, with potential for a remote / hybrid work
Work involves being able to concentrate on the matter at hand,
under sometimes distracting work conditions and frequent employee
and/or customer contacts and interruptions during the day.
Work requires regular attendance, punctuality and adherence to
agreed-upon schedule with willingness to work a flexible and/or
rotating schedule and or extended hours, and assist at other
locations or remotely, as needed.
Work may involve the constant use of computer screens, reading of
reports, and sitting throughout the day.
Ability to operate a computer keyboard, multi-line telephone,
photocopier, scanner, and facsimile which often requires dexterity
of hands and fingers with repetitive wrist and hand motion.
Typically sitting at a desk or table; intermittently standing,
stooping, bending at the waist, walking, climbing, kneeling or
crouching to file materials.
Occasional lifting and/or moving up to 10 lbs (files, boxes,
Heritage Bank is an Equal Opportunity Employer
Keywords: Heritage Bank, Tacoma , Compensation / Benefits Analyst, Professions , Tacoma, Washington
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