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Total Rewards Analyst

3 weeks ago

Langley, Canada First West Credit Union Full time

We are currently seeking a **Total Rewards Analyst **to join our team on a **1 year temporary term.**

**Here’s what would be included as a part of your typical day**
- **Job Evaluation**: Completes job evaluations on new or updated roles using established methodology. Reviews benchmark market data, recommends job classification and ensures applicable changes are applied to systems and incumbents. Through this process, the Analyst assists HR Business Partners in the development of position profiles including providing feedback/input, editing verbiage for conformity to standards, reviewing job content for job leveling/grading, etc.
- **Analysis & Plan Design**: Performs modeling and costing analysis ; evaluates current and new total reward programs; recommends changes or enhancements in alignment with the total rewards guiding principles. Responsible for in-depth reporting and analysis of compensation-related data. Collaborates with Finance and leaders to monitor, audit, and evaluate incentive plans. Participates in analysis and updates to salary structure(s) and incentive plans.
- **Market Data & Surveys**: Completes compensation and best practice benchmarking surveys; provides reports on compensation market trends through research and analysis of salary surveys and other research to ensure FW’s competitive positioning and internal equity.
- **Projects**: Participates in the design, development, and implementation of variable compensation plans, employee recognition/reward programs, and other related initiatives. Conducts research, drafts content and communication materials for new/revised structures, programs or initiatives.
- **Incentive Plans**: Participates in the design of incentive plans and works directly with business leaders. Calculates year-end incentive plans and ensures commissions are paid in accordance with plan provisions.
- **Year-end Activities**: Leads and administers the annual compensation planning processes. Analyzes/costs scenarios, develops processes, tools, guidelines, drafts communications, etc. Provides guidance to HR Business Partners and performance leaders as required. Conducts final review and audit of all companywide recommendations (e.g., calibration, merit increases). Ensures timely communication of approvals to Leaders and employees

**Required Skills, Experience & Qualifications**
- Bachelor’s degree in Human Resources, or related field required
- Completion of Certified Compensation Professional (CCP) an asset
- 4 years progressive HR/compensation experience
- Preferred:

- Experience conducting job evaluations and participating in evaluation meetings to present and defend recommendations and findings
- Participated in Year-end activities such as merit, performance management, incentive calculations
- Multi-tasking; ability to prioritize and manage multiple timelines; ability to discern critical information; attention to detail is critical but not get caught up in details
- Customer service to internal clients
- “Can do” attitude; roll-up sleeves to work on current priorities
- Exceptional oral and written communication, decision making and influencing skills
- Intermediate knowledge/comprehension of job evaluation
- Project management in rewards program design and implementation
- Displays an understanding of risk and risk ownership by being able to demonstrate adherence to policies and procedures

**Why work for us?**

We offer a total rewards package that recognizes the meaningful work you do to support our members and our communities, which includes:

- A competitive base salary plus performance-based incentive compensation
- Annual merit pay increases
- Flexible benefits as well as support for retirement benefits
- Vacation time, a flexible “Day4U” and the option to purchase up to five additional vacation days
- Other financial perks such as our Employee Banking Advantages which includes waived or reduced financial service fees, reduced rates on personal loans, mortgages and no-interest loans on lifestyle-related items that promote health, wellness, learning and business aptitude

In addition, you can enjoy socially conscious perks, like three paid days off every year, to volunteer for causes you care about.

**Diversity & Inclusion**: