Human Resources Compensation Analyst

IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects its dedication to the growth and success of its employees, customers and communities.IBC bank hirestalented, creative and dedicated individualsto help our business succeed.We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence.We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience.

Time Type:

Full time

This is an in-office position.

Department:

640 Corporate Human Resource

Job Summary:

The Compensation Analyst will research job requirements and evaluate job positions to ensure the company is competitive in the areas of salaries and employee benefits.

Job Description:

ESSENTIAL JOB FUNCTIONS

The statements on this job description are intended to describe the general nature of level of work being performed by incumbents.  They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.

• Maintains job description inventory for each position in the bank; ensures descriptions accurately reflect the work being performed by employees.  Updates to be done semi-annually or as needed.
• Assist managers on the completion of job descriptions and job specification questionnaire.
• Interviews managers to gather and document job, organizational, and occupational information including duties, responsibilities, and skills required by each job.
• Assist in the assessment of jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range based on compensation tools.
• Maintains compensation tools current based on changes in programs, etc.
• Benchmarks jobs against survey data and other intelligence to submit proposed modifications on salary ranges by job grade.  Analyzes data from recruitment and termination process relative to pay reasons.  Consideration should be given to total compensation.
• Prepares summary reports of job analysis and compensation analysis information to respective management for salary administration committee review
• Performs other related duties as assigned.

SKILLS REQUIRED

• Extensive knowledge of quantitative and qualitative research methods.
• Good Analytical Skills
• Excellent written and verbal communication skills.
• Excellent organizational and time management skills.
• Proficient with Microsoft Office Suite or similar software.

EDUCATION & KNOWLEDGE

• Bachelor’s degree in Human Resources or Business Administration or Finance related degree.