Compensation Analyst

Overview

Navy Federal Credit Union currently does not provide sponsorship for this role. Applicants must be authorized to work in the United States without the need for current or future sponsorship.

The Compensation Analyst will design, analyze, model and administer compensation programs to ensure they are competitive and aligned with the strategic goals. This role will be responsible for job and pay structures, designing and assessing incentive programs, developing data insights, and conducting compensation analysis and reporting while ensuring compliance.

Responsibilities

• Job and Pay Structure Maintenance: Maintain and update company-wide pay structures and job frameworks to support organizational growth and internal equity. Ensure accuracy and consistency across systems while aligning with compensation strategy.

• Incentive Plan Design & Administration: Assist in the design and management of variable incentive programs, including sales incentives, long-term incentives and bonus plans. Partner with Finance and HR teams to model payouts, maintain accurate records, and ensure timely and accurate execution.

• Compensation Modeling: Develop models and determine employee and cost impact of broad base pay reviews, changes to pay practices, and other compensation-related offerings.

• Budget Collaboration: Work with finance and business leaders to manage and forecast the annual compensation budget, tracking and analyzing expenditures.

• Compensation Analytics & Reporting: Deliver regular and ad hoc reports and analyses on compensation data, highlighting key trends in pay equity and market competitiveness.

• MarketPay Administration: Oversee MarketPay administration, including maintaining and validating MarketPay reports, managing salary survey administration and annual survey submissions, supporting market pricing activities, and owning the ongoing relationship with MarketPay and our survey vendors to ensure data integrity, system optimization, and vendor alignment.

• Compliance & Governance Oversight: Ensure compliance with applicable compensation regulations and maintain necessary documentation and auditing processes.

• Cross-Functional Collaboration: Partner closely with HR Partners, HR Business Partners, Finance, and Legal teams to provide compensation guidance and ensure alignment with business and talent strategies.

• Program & Process Improvement & Best Practices: Identify opportunities to streamline and improve compensation processes and programs and makes recommendations for future initiatives. Stay informed of market trends, emerging technologies, and evolving regulations to ensure ongoing program relevance and effectiveness.

• Project Work: Participate in and occasionally lead small-scale compensation projects, such as system updates, process improvements, and research initiatives.

Qualifications

• Greater than 5 years of experience in compensation or total rewards design and analysis.
• Strong understanding of compensation frameworks, incentive plans, and compliance regulations.
• Proficient with analytical tools, particularly Excel; experience with Tableau or Power BI is strongly preferred.
• Demonstrated experience in data analysis, including regression analysis and visualization techniques.
• Strong analytical and problem-solving skills, with attention to detail and organizational abilities.
• Strong communication and stakeholder management skills, able to present complex data in an understandable format.

Desired Qualifications

• MarketPay experience.
• Experience with sales or executive compensation plans.
• Familiarity with HR technology systems, particularly those related to compensation analysis, such as Oracle HCM.

Additional Information

Hours:

• Monday - Friday, 8:00AM - 4:30PM

Locations:

• 820 Follin Lane, Vienna, VA 22180
• 5550 Heritage Oaks Drive, Pensacola, FL 32526
• 141 Security Drive, Winchester, VA 22602

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks. Our approach to careers is simple yet powerful: Make our mission your passion. * FORTUNE 100 Best Companies to Work For 2026 * Yello and WayUp Top 100 Internship Programs 2025 * Computerworld Best Places to Work in IT 2026 * Most Loved Workplace - America's Top Most Loved Workplaces 2025 * 2025 PEOPLE Companies That Care * Newsweek Most Trustworthy Companies in America 2026 * Military Times 2025 Best for Vets Employers * Forbes 2026 America's Best Large Employers * Forbes 2025 America's Best Employers for New Grads * Forbes 2025 America's Best Employers for Tech Workers * 2025 RippleMatch Campus Forward Award Winner for Overall Excellence * Military.com Top Military Spouse Employers 2025 * 2026 Handshake Early Talent Award * Newsweek America's Greatest Workplaces for Culture, Belonging and Community 2026 From Fortune Magazine. 2026 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune 100 Best Companies to Work For are registered trademarks of Fortune Media IP Limited and are used under license. Fortune Magazine, Fortune Media (USA) Corporation, and its affiliates are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union. Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law. Accommodations: If you need accommodation or assistance for a qualifying condition to complete the online application (or during any stage of the hiring process), you can contact Navy Federal's Medical Accommodations team at View email address on click.appcast.io or by calling View phone number on click.appcast.io. This team cannot provide any information on job postings or application status. Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. For additional details regarding compensation and benefits, review the Benefits page of the Navy Federal Career Site. Protect Yourself from Job Scams: Navy Federal Credit Union jobs are posted on our career site, jobs.navyfederal.org and reputable job boards (e.g., LinkedIn, Indeed). We do not post jobs on social media marketplaces, messaging apps or unverified websites. We will never ask candidates for payment, bank details or personal financial information during the hiring process. Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.