Note: The job is a remote job and is open to candidates in USA. Velera is a payments credit union service organization and integrated fintech solutions provider serving financial institutions throughout North America. The Senior Compensation Analyst supports the administration, execution, and continuous improvement of merit, incentive compensation, performance management, and executive compensation programs, primarily through Workday. The role also manages reporting, governance, stakeholder support, compliance activities, and compensation-related projects.
Responsibilities
- Oversee and support the administration and execution of the annual merit planning process, ensuring accurate system setup, testing, reporting, communications, and governance
- Oversee and support the annual incentive and bonus planning processes, including coordination with key stakeholders, validation of data, and completion of payout calculations and reporting
- Oversee and support the annual performance management cycle, including goal setting, mid-year reviews, year-end evaluations, calibration support, system administration, and process improvements
- Serve as the primary administrator and subject matter expert for Workday compensation and performance management processes
- Develop, maintain, and execute project plans, timelines, and deliverables for compensation and performance management programs
- Create and maintain program documentation, job aids, training materials, leadership resources, and employee communications
- Monitor program execution and identify opportunities to improve efficiency, effectiveness, and user experience across compensation and performance processes
- Produce standard and ad hoc reports, dashboards, and analyses to support decision-making, program evaluation, and compliance requirements
- Partner with HR Business Partners, Payroll, Talent Acquisition, and business leaders to troubleshoot issues and ensure successful program delivery
- Support annual salary structure updates, market pricing activities, and compensation analyses as needed
- Serve as backup support for executive compensation administration, including Long-Term Incentive (LTI), Deferred Compensation Plan (DCP), and Supplemental Executive Retirement Plan (SERP) processes
- Assist with executive compensation reporting, plan administration activities, participant communications, and annual program events as required
- Participate in compensation audits, compliance activities, regulatory reporting, and governance processes
- Support special projects related to compensation, performance management, human capital programs, Workday enhancements, process automation, and organizational initiatives
- Maintain compensation policies, procedures, process documentation, and program controls
- Perform other duties, analyses, and projects as assigned
Skills
- Bachelor's degree in human resources, Business Administration, Finance, or a related field required, or an equivalent combination of education and relevant experience
- 7+ years of progressive compensation experience, including program administration, market pricing, and compensation consulting required
- Minimum 3 years' experience serving in a senior-level compensation role required
- Experience leading annual compensation planning processes (annual merit, bonus, performance management) and compensation-related projects required
- Experience partnering with senior leaders and HR stakeholders on complex compensation matters required
- Workday experience required
- Minimum 2 years' Executive Compensation experience preferred
- PowerBi experience a plus
Benefits
- Medical with telemedicine
- Dental and Vision
- Basic and Optional Life Insurance
- Paid Time Off (PTO)
- Maternity, Parental, Family Care
- Community Volunteer Time Off
- 12 Paid Holidays
- Company Paid Disability Insurance
- 401k (with employer match)
- Health Savings Accounts (HSA) with company provided contributions
- Flexible Spending Accounts (FSA)
- Supplemental Insurance
- Mental Health and Well-being: Employee Assistance Program (EAP)
- Tuition Reimbursement
- Wellness program
- Remote-first, flexible environment
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