Job Description
The Compensation Analyst is responsible for assisting with the administration of the Company's compensation programs including but not limited to long-term incentives (Equity Awards), short-term incentives (variable and incentive compensation plans and bonuses), the maintenance of job descriptions along with our job catalogue and career framework, and compiling reports and corresponding analysis as needed.
Essential Functions
Identify and resolve issues and employee questions regarding compensation
Produce specific reports as requested
Assist with the tracking of survey participation and associated deadlines and requirements
Assist with prioritization and tracking of workflows within JDXpert
Logging information / details regarding job changes, job description requests, ensuring all necessary information is accounted for prior to tasks being routed to the Compensation Partner or Total Compensation Assistant Manager for completion
Review and revise job descriptions provided by HRBPS to ensure they include all necessary components and details to be assessed by the Compensation Partner or Assistant Compensation Manager
Assist with the management of our Equity Award programs and the platform utilized to provide employees access to their awards / accounts
Make Stock Option Exercise entries for payroll
Assist with the tax collection that results from annual vesting of restricted stock awards
Notify employees of impending stock option expiration dates or upcoming taxes that will be due on restricted stock
Assist with compiling variable / incentive compensation data for regularly scheduled payouts
Gather data and summarize regarding the ADA, FLSA, other regulatory bodies that speak to compensation to keep other members of the Compensation team up to speed as things change and evolve
Assist with the drafting and distribution of Variable and Incentive Compensation agreements, and the administration of all Compensation Plans as well as the auditing of data provided by the Business Units
Upload Compensation Documents and assist with retention according to the HR Document Retention Policy
Utilize a variety of system and software tools to analyze data, maintain compliance, utilize market data, and be proactive
Audit systems to ensure data integrity
Develop testing procedures to ensure operational reliability and software processes and procedures
Manage personal workload / workflow
Perform troubleshooting as needed
Maximize technology tools available
Ensure compliance with State and Federal regulations, Northwest’s practices and policies, and with third party vendors and agencies
Ensure total document / data integrity
Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
Navigate Microsoft Office Software, computer applications, and software specific to the department to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment
Education + Work Experience preferred
Bachelor's degree in business or related
2-6 years of Human Resources / Compensation experience
2-6 years of Customer Service experience
Highly detail oriented
Strong critical thinking abilities
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Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.