Compensation Analyst

Overview Empowered to live. Inspired to work. Compeer Financial is a member‑owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally. How We Support You Hybrid model – up to 50% work from home Flexible schedules including ample flexibility in the summer months Up to 9% towards 401(k) (3% fixed Compeer contribution plus up to 6% match) Medical, dental, vision, HSA/FSA, life & AD&D insurance, short‑term and long‑term disability, wellness program & EAP Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off Learning and development programs Cross‑functional committee opportunities (e.g., Inclusion Council, emerging professional groups) Professional membership/certification reimbursement and more! Where You Will Work This position offers a hybrid work option up to 50% remote and is based out of Naperville, IL; Mankato, MN; Lakeville, MN; or Sun Prairie, WI. The Contributions You Will Make This position is responsible for the development, implementation, and administration of the compensation programs, including communication and training. The responsibilities include conducting analysis on internal and external salary data, evaluating jobs to determine classification and salary, ensuring compensation practices are in alignment with organization policies and guidelines, and being competitive with the market. Serves as a compensation resource for all team members and leaders. Supports the Total Rewards team by administering different compensation and rewards programs, as needed. Core Responsibilities Collaborate with department leaders and HR partners to complete job analysis and evaluation on new and revised positions. Draft, edit, and update job descriptions and evaluate FLSA status and salary grades. Participate in salary surveys to benchmark company compensation programs and conduct market pricing using survey sources, scope criteria, and job matches. Analyze market practices and recommend adjustments such as pay range changes, merit, and equity adjustments. Collaborate with HR partners to recommend compensation packages for job offers, ensuring internal equity and external competitiveness. Provide guidance to leaders on routine compensation decisions and policy interpretation. Assist in design and administration of variable compensation programs, including incentive and commission plans. Collaborate with finance reporting teams on variable compensation accruals, updates, measures, calculations, and results. Maintain accurate program documentation and manuals for all variable compensation processes. Monitor effectiveness of existing compensation policies and recommend plan revisions. Assist in annual salary increase planning and execution. Develop communication tools and materials to enhance understanding of total compensation practices. Create reports and deliver regular and ad‑hoc reports to leadership; analyze historical data for insights. Ensure compliance with all applicable laws and regulations governing compensation practices. Preferred Skills & Experience Bachelor’s degree in human resources, business administration, finance or related field; or equivalent education and experience. Minimum of 3 years of compensation or HR analytics experience, including handling confidential data. Professional compensation or HR certifications (SPHR, PHR, CCP) preferred. Knowledge of FLSA and compensation‑related federal, state and local regulations. Knowledge of general industry compensation practices. Strong client service focus, communication, presentation, interpersonal, and conflict resolution skills. Strong analytical skills with ability to make data‑based recommendations. Tact, diplomacy and good judgment, especially under pressure. Excellent attention to detail, organization, and time‑management. Quick learner who thrives in a collaborative team environment. Proven ability to work independently and manage multiple projects. Advanced proficiency with Microsoft Excel and other MS Office applications. Report‑writing skills in an HRIS for compensation and analysis. Ability to gather and process large volumes of data related to compensation programs. Commitment to ongoing professional development in HR and compensation. Compensation Base pay range: $84,400–$127,700 USD. The role is eligible for variable compensation and other benefits. Equal Employment Opportunity Compeer Financial is an equal‑opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. Must be authorized to work for any employer in the United States. Compeer is unable to sponsor or take over sponsorship of an employment visa at this time. #J-18808-Ljbffr