Job Description:
Purpose:
The Compensation & Retirement Analyst is responsible for supporting the Bank’s compensation and retirement programs, and overseeing the data management, reporting, modelling and analytics. The incumbent will assist with the Bankwide year-end compensation review process and the quarterly sales incentive program, lead the annual market benchmarking process, routine job review and analysis, in-depth data audits and reconciliations, as well as assist with the development and delivery of reports and material to senior executives, Retirement Committee, and the Board of Directors.
This role will serve the needs of the Compensation and Retirement function and Human Resources department by ensuring consistent, timely and accurate execution of related responsibilities across all Compensation and Retirement plans. The role will also partner with the Employee Services Team to ensure accurate delivery of program configurations through Workday HRIS.
Additionally, the incumbent will be a subject matter expert across the Compensation & Retirement function, providing support for employee and retiree inquiries.
- This position will dually report to the Head of Employee Services and Director of Compensation & Retirement.
Primary Responsibilities:
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Lead and manage compensation job matching process, market survey submissions and resulting data analysis
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Assist with the annual compensation review and planning process, delivering all related data analytics, and reporting, inclusive of the annual Pay Equity review; Coordinate the quarterly sales incentive payment process
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Assist with the departmental and Bankwide HR program budgets; partner with the Accounts Payable team on timely remittance of monthly vendor invoices
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Assist with reports and materials presented to the Bank’s Leadership Team, Retirement Committee, Board of Directors’ Compensation & HR Committee (CHR) and the Federal Housing Finance Agency (FHFA), inclusive of drafting and circulating Retirement Committee and CHR Committee meeting minutes
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Become a deep knowledge expert on the Bank’s various retirement plans
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Own all data audits and reconciliations across compensation & retirement plans
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Partner with the HR Employee Services Team to ensure all respective compensation and retirement plans and processes are administered and operate in accordance with plan provisions
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Assist HR Business Partners and Head of Talent Acquisition in developing competitive job offers, reflective of internal and external market competitiveness, FLSA classification, and alignment with internal corporate structure
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Maintain Pay Transparency base salary ranges for all jobs across the Bank and manage the annual California Pay Data reporting requirement process
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Utilize Workday system to effectively run reports, extract data and maintain operational efficiency
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Assist employees and retirees with questions regarding retirement, incentive, and benefit plans
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Identify opportunities to leverage data and analytics to better inform business decisions and assess plan or program effectiveness
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Creation/maintenance of compensation documentation i.e., changes to the incentive compensation plans, for review/sign-off
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Manages the production/maintenance of compensation statements
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Vendor Management: Collaboration with the Bank’s retirement and compensation consultants
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Data, Analytics & Dashboards: Market insights/analytics, compensation dashboards
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Partner with Benefits Manager to execute strategy and design for employee benefits programs (incl. Retirement plans);
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Performs other duties as assigned
Skills/Knowledge:
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Must be extremely proficient as an advanced user of Microsoft Excel, with the ability to independently perform complex and dynamic formulas and calculations
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Bachelor’s degree from an accredited university, with a minimum of 7 years of experience managing and performing data modeling progressions in Compensation or within a financial setting is required; CCP designation desired
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Excellent attention to detail with a high degree of data accuracy
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Ability to prioritize tasks, handle multiple diverse projects while maintaining accuracy, and timeliness with tasks and assignments
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Lead with a focus on continuous improvement, efficiency opportunities and process streamlining and automation
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Analytical with strong execution skills to drive solutions to completion; excellent attention to detail
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Ability to identify and recommend process improvements that help drive efficiency and sustainability
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Excellent interpersonal and organizational (written and verbal) communication skills
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Proficiency in Workday and Workday Advanced Compensation, preferred
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Experience with pension and various retirement plans, preferred
Critical Competencies
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A strategic thinker - proactive and solutions-oriented – coupled with pragmatism and common sense
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High-energy, positive, entrepreneurial in spirit while goal-oriented and results-driven
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Strong business acumen, maturity, and leadership skills
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Excellent communication skills – Ability to communicate clearly and concisely (verbally and written), to convey complex subject matter
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A good listener and flexible, while being realistic and prudent
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Strong relationship building and partnering skills as a trusted colleague and team advisor
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Known reputation for integrity and ethics
SALARY RANGE: $145K - $160K
The Federal Home Loan Bank of San Francisco is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve. It is the policy of the Bank to comply with all applicable laws concerning the employment of persons with disabilities.
Salary ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.
The Bank is committed to offering all team members challenging and engaging work with market competitive pay, retirement, and benefit offerings. In support of this commitment, the Bank routinely engages in market competitive benchmarking surveys and analysis to ensure our team members continue to be paid fairly and competitively.