What are the responsibilities and job description for the HR Compensation Analyst position at Provident Bank?
How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees’ experience.
Position Overview
The HR Compensation Analyst supports the organization’s compensation programs and processes. Working closely with the Compensation Manager, this role assists with job evaluations, competitive market benchmarking surveys, and conducts research and analysis on market competitiveness, compensation trends, and other related projects.
The analyst also serves as a key collaborator across the HR team and external vendors, and acts as the system administrator for SuccessFactors, specifically overseeing the Learning, Recruiting, Compensation, and Performance modules.
This role requires handling confidential and sensitive information with discretion. Key competencies include strong numerical and analytical skills, a high level of attention to detail, and a passion for process improvement and optimization.
Key Responsibilities
Compensation and HR (Success Factors) System Administration
Work is performed in a normal office environment. Noise levels are usually moderate. This position involves travel to customers and property locations.
Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.
Position Overview
The HR Compensation Analyst supports the organization’s compensation programs and processes. Working closely with the Compensation Manager, this role assists with job evaluations, competitive market benchmarking surveys, and conducts research and analysis on market competitiveness, compensation trends, and other related projects.
The analyst also serves as a key collaborator across the HR team and external vendors, and acts as the system administrator for SuccessFactors, specifically overseeing the Learning, Recruiting, Compensation, and Performance modules.
This role requires handling confidential and sensitive information with discretion. Key competencies include strong numerical and analytical skills, a high level of attention to detail, and a passion for process improvement and optimization.
Key Responsibilities
Compensation and HR (Success Factors) System Administration
- System administrator for Success Factors.
- Works independently, testing, researching and resolving problems or unexpected results, importing data, running reports etc.
- Works collaboratively with other HR managers in support of the system modules (Performance, Compensation, Learning, Recruiting).
- Keeps abreast of and manages related system upgrades and system testing. Serves as a liaison and collaborates with internal and external (vendors) stakeholders to coordinate upgrades and other matters involving the exchange of data, if needed.
- Assists end users with system functionality and features. Develops user procedures, guidelines and documentation as needed (other than training manuals). Answers system question from employees and managers.
- Collaborates with the Compensation Manager on the planning, coordination and administration of the annual performance and salary review program.
- Collaborates with line mangers and other HR team members on job descriptions and job evaluation using market data analysis to make informed recommendations. Determines FLSA status.
- Participates in compensation surveys to collect and analyze competitive salary information.
- Annual Proxy Statement - Requests and maintains required information and verifies its accuracy. Completes compensation disclosure tables and footnotes.
- Works on other special projects as assigned.
- Bachelor’s degree in HR, Finance, IT or related discipline is preferred
- 5 years’ work experience in HR Administration, Compensation, HR Technology (HRIS) or other related HR experience supporting system integrations, combining HR processes and system analysis expertise.
- Demonstrated proficiency in computer systems, particularly Microsoft Office, including advanced Excel skills including v-lookup, pivot tables etc.
- Excellent verbal and written communication skills.
- Strong analytical and problem-solving skills.
- Ability to work independently and as team member.
- Self-starter with exceptional organizational skills.
- Ability to handle competing priorities simultaneously while maintaining attention to detail in a fast-paced rapidly changing business environment.
- Ability to handle sensitive matters and maintain confidentiality.
- Strong Project management skills. Ability to work effectively in ambiguous situations in a collaborative and inclusive manner.
- Attention to detail and accuracy a must.
- Reliable, dependable and maintains a high degree of flexibility.
- Excellent written and verbal communications skills in English.
- Previous experience with Success Factors is preferred.
- CCP certification a plus.
Work is performed in a normal office environment. Noise levels are usually moderate. This position involves travel to customers and property locations.
- Prolonged sitting
- Lifting from 5 to 10 lbs. (printer paper, storage boxes)
- Occasional bending or overhead lifting (storing files or boxes)
- The hazards are mainly those present in a normal office setting
Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.
