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Compensation / Benefits Analyst

Company: Heritage Bank
Location: Tacoma
Posted on: June 24, 2022

Job Description:

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 plans.

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 management.
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 communication.
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 schedule.
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 - strongly desired.
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 CEBS preferred.
Equivalent combination of education and experience may be considered.
Provides an exceptional level of quality service for internal and external customers.
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 regulations.
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 supervision.
Unquestionable integrity in handling sensitive and confidential information required.
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.

Work Environment:

Climate controlled office environment. Work will generally be performed onsite, with potential for a remote / hybrid work arrangement.
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.

Physical Demands:

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, etc.)

Heritage Bank is an Equal Opportunity Employer

Keywords: Heritage Bank, Tacoma , Compensation / Benefits Analyst, Professions , Tacoma, Washington

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