Senior Compensation Analyst - Bank OZK

Job Purpose & Scope:

Responsible for developing, implementing, analyzing, and administering compensation programs, policies, and procedures to meet Bank OZK’s current and future business needs. Ensures compensation is consistently administered in compliance with applicable Bank policies and federal, state, and local laws and regulations. Collaborates with staff and management to conduct job/competency analysis and develop job families/structures.

 

Essential Job Functions:

1. Designs, implements, and analyzes compensation programs including base pay programs, long- and short-term incentives, spot bonuses, commissions, etc. in alignment with company objectives for recruiting, retention, and engagement.
2. Conducts job/competency analysis to develop job families/structures; writes, edits, and maintains job descriptions including classifications, essential job functions, minimum requirements, etc.    
3. Evaluates jobs and benchmarks against market data to determine competitive pay ranges.
4. Conducts research and analysis on identified markets, pay equity, compensation trends, etc.
5. Advises managers and HR staff on pay decisions/requests, including salary offers, that are competitive, ensure pay equity, support employee engagement, and comply with compensation policy and budgetary guidelines.
6. Demonstrates proficiency in Microsoft Excel and similar tools to conduct modeling, statistical analysis, and costing of base, incentive, and equity pay.
7. Assists with the development and maintenance of job architecture and career pathing.
8. Designs and communicates, as necessary, pay structures, grades, budgets, and compensation guidelines.
9. Assists with developing and delivering compensation communication and training.
10. Actively participates in the design, implementation, and administration of performance management programs as they relate to compensation.
11. Maintains current knowledge of HR-related programs, policies, and procedures, including trends and developments in legal and regulatory matters; ensures programs, processes, procedures, and documentation are compliant with both applicable laws and regulations and company policies and procedures.
12. Produces accurate, thorough, and timely work, while meeting commitments and following policies and procedures.
13. Regularly exercises discretion and judgment in the performance of essential job functions.
14. Maintains good punctuality and attendance to work.
15. Follows Bank policy, procedures, and guidelines.

 

 

Knowledge, Skills & Abilities:

1. Comprehensive knowledge of compensation design, planning, methodology, and analytics

2. Comprehensive knowledge of government regulations, laws, and best practice as they pertain to compensation and job architecture/descriptions

3. Working knowledge of other functional areas of HR

4. Ability to manage multiple priorities and projects, adapt quickly to changing needs, and interact effectively and professionally with all levels of management

5. Ability to demonstrate effective negotiation skills, including the ability to persuade and influence decision makers

6. Ability to demonstrate effective critical thinking, analytical, and problem-solving skills

7. Ability to demonstrate effective time management, project management, and organizational skills

8. Ability to demonstrate strong business acumen

9. Ability to complete accurate, detailed work and meet exacting deadlines

10. Ability to accurately interpret large amounts of data and present such data in an understandable format for others

11. Ability to communicate effectively both verbally and in writing

12. Ability to provide excellent customer service.

13. Ability to work effectively both independently and in a team-oriented environment

14. Ability to work without close supervision

15. Ability to maintain confidentiality

16. Ability to follow policies and procedures and to communicate them accurately to others

17. Skill in using computer and Microsoft Office products (i.e., Word, Excel, PowerPoint, Outlook) and other HRIS technology

 

 

Basic Qualifications:

1. Bachelor’s degree, preferably in human resources, business administration, finance or related field, or commensurate work experience, required

2. 7+ years’ experience developing, implementing, administering, and managing compensation programs, including conducting job/competency analysis, required

3. Demonstrated proficiency in Microsoft Excel required

4. PHR, SPHR, CCP or other relevant certification preferred

5. Familiarity with various HRIS and compensation technology preferred

 

Job Expectations:

Job Expectations: Operate customary equipment and technology used in a business environment, with or without accommodation.

 

Note:   This description is not an exhaustive list of all job functions, duties, skills, and job standards required.  Other job functions, duties, skills, and standards may be added.  Management reserves the right to add or change the job requirements at any time.

EEO Statement:

Bank OZK is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.