HR Compensation Analyst

Position Title: HR Compensation Analyst


Locations: Rockford_IL_East State


Time Type: Full time


Req ID: JR1282-Rockford_IL_East State


At Midland, we’re proud to be a little different. You can see it in our bright orange signs-but there’s more to it than that. With our heartfelt and personalized approach, we’re focused on meeting every customer’s needs with the brightest solutions.

For more than 140 years, we’ve learned by serving customers skillfully with dedication and follow-through, we can brighten every interaction to drive our collective success. And this goes beyond traditional banking.

We foster programs that empower our communities, continuously invest in our employees, and actively pursue brighter futures for all.

Our humble ambition keeps us growing, giving back, and looking ahead. We’re innovating and optimizing our services to ensure we stay unique - providing strength you can count on with heart you can feel.

You might say we’re unlike any other bank.

And you’d be right."


At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.

Salary Range: $60,000-$90,000

Position Summary

The Compensation & Equity Analyst supports the design, analysis, and administration of compensation, equity, and deferred compensation programs. This role plays a key part in ensuring competitive, equitable, and data-driven pay practices aligned with business objectives. This position is designed for a high-potential individual seeking to grow into broader ownership of compensation programs and contribute to the evolution of Total Rewards.

Primary Accountabilities

Compensation

• Conduct market pricing using survey data (e.g., McLagan, Mercer, Pearl Meyer) and internal benchmarking using cloud-based MarketPay software
• Support job evaluations, leveling, and job architecture maintenance
• Assist in development and maintenance of salary structures and pay ranges
• Support end-to-end annual compensation cycles (merit, bonus, promotions), including data preparation, validation, and analysis
• Review and analyze compensation data to identify trends, risks, and opportunities
• Partner with HR and leadership to support compensation decisions and recommendations

Equity & Deferred Compensation

• Support administration of equity programs (RSAs, stock options, ESPP), including tracking grants and vesting schedules
• Assist with non-qualified deferred compensation (NQDC) plans, including eligibility tracking and reporting
• Coordinate with Finance, Legal, and external vendors on equity and deferred compensation processes
• Maintain accurate records and documentation for equity and deferred compensation programs
• Support alignment of compensation elements with 401(k) plan definitions
• Assist in analysis of bonus and incentive pay impacts on retirement contributions
• Partner with Benefits and Payroll to ensure accurate data flow

Other Duties & Responsibilities

• Support compliance activities including audits, reporting, and documentation
• Assist with process improvements and automation opportunities
• Participate in HR and cross-functional projects and initiatives
• Partner with HRIS on system and reporting needs
• Support Payroll for bonus and incentive processing
• Partner with Benefits on retirement plan alignment
• Collaborate with HR and business leaders to support compensation initiatives
• Handles sensitive and complex matters with a high degree of relationship acumen and sophisticated problem resolution skills; can effectively diffuse tense situations.
• Develops and documents procedures to streamline processes and ensure compliance with regulatory requirements.
• Able to influence and lead without formal authority.
• The role requires occasional travel for training, team meetings, and due diligence events.
• May require work in a Midland office to ensure collaboration and support of internal and external customers.
• Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
• Other duties as assigned.

Position Qualifications

Education/Experience

• Bachelor’s Degree in the field of Human Resources/Business Administration or equivalent experience.
• 5+ Years of Experience.
• Prior experience with Workday preferred.
• Must be able to identify issues and develop approach to solutions with minimal oversight.
• Ability to synthesize large amounts of data to produce succinct summaries and trending that support main objectives and communicate effectively to senior leadership.
• Skilled at handling sensitive matters effectively to reach amicable solutions.
• Works well in a highly collaborative, matrixes organization where relationship building is a key to success.
• Knowledge of policies, procedures, initiatives, and fiscal/budget processes related to compensation and benefits.
• Effective interpersonal and organizational leadership skills.
• Consistently demonstrates a high level of integrity that instills trust in all clients.
• Strong oral, written, and interpersonal communication skills.
• Strong organization and time management skills.
• Strong attention to detail.
• Ability to work independently and as part of a team.

Competencies:

• Business insight
• Cultivates innovation
• Drives results
• Makes sound decisions
• Being a brand champion
• Collaborates
• Communicates effectively
• Customer focus
• Being Authentic
• Emotional Intelligence
• Self development
• Being flexible and adaptable

At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We’re proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at View email address on click.appcast.io.

Midland States Bank may use automated tools and artificial intelligence (“AI”) to assist with recruiting, screening, and hiring decisions. In accordance with the Illinois Human Rights Act (effective January 1, 2026), these tools are designed and monitored to be neutral and job-related, and must not be used in a way that discriminates against applicants or employees based on any protected characteristic.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

PI984c3ddea824-37344-40736289