Job Description
We are currently seeking a Senior Total Rewards Analyst to join our team.
The Senior Total Rewards Analyst leads the design, development, implementation, communication and administration of total rewards programs, ensuring programs are administered in accordance with plan design and aligned with Tru Cooperative Bank’s (“the Cooperative Bank”) Total Rewards strategy. The Senior Analyst provides subject matter expertise, extensive knowledge and support on compensation related matters, escalating to leadership and/or HR business partners as required. This role may primarily focus on leading total rewards projects or complex work as assigned by their leader.
Here’s what would be included as a part of your typical day
- Organizational Design: Works in collaboration and consultation with HR Business Partners and business leaders (as appropriate) in complex organizational design of a division and/or department. Acts as a subject matter expert in organizational design and effectively influences structural design.
- Job Evaluation: Completes more complex, higher level 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. 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.
- 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 the Cooperative Bank’s competitive positioning and internal equity. Using market data, designs and recommends new salary range structure and applicable costing scenarios for Senior Manager and Director review.
- Incentive Plans: Participates in the design of incentive plans and works directly with business leaders. May calculate yearend incentive plans and/or executive incentives and ensures commissions are paid in accordance with plan provisions.
- Year-end Activities: Leads the annual compensation planning processes. Analyzes/costs scenarios, develops processes, tools, guidelines, drafts communications, etc. Provides guidance to HR Business Partners and people 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 team members.
- 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.
- Projects: Leads the design, development, and implementation of variable compensation plans, recognition/reward programs, and other related initiatives. Conducts research, drafts content and communication materials for new/revised structures, programs or initiatives. Acts as the back up to the Senior Manager, Total Rewards in their absence.
Required Skills, Experience & Qualifications
- Bachelor’s degree in Human Resources, or related field required
- Completion of Certified Compensation Professional (CCP) an asset
- 5 years progressive HR/compensation experience
- 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
- Familiar with unionized job evaluation processes and programs is an asset
- 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
- Advanced 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.
#trucooperativebank
About Us
What’s in it for you:
First, we strive to make our team members feel genuinely rewarded. You’ll have:
- Mental health coverage and resources
- Customizable health benefits, as well as topped-up parental leave
- Performance-based compensation, employee banking advantages and group RRSP matching
- Vacation time and flexible work arrangements to support your lifestyle
We are committed to providing a fair, equitable, and competitive rewards package that reflects the value an individual brings to our organization. The compensation mentioned in this job posting should serve as a guide. The total cash compensation earned may vary based on a variety of factors including bonuses and/or incentives, an individual’s skills and experience, and may correlate with performance in the role.
We also provide and encourage opportunities for our employees to make a meaningful impact. After all, as a credit union we’re powered by giving back - in big ways and through small gestures. That's why we offer employees paid time off to volunteer, partner with thousands of local charities, build long-lasting relationships that help our members get ahead and commit to environmental, social and governance (ESG) practices.
By joining our team, you’ll be able to elevate your potential. Wherever your own purpose leads, we’re here to support you with award-winning in-house training programs, access to LinkedIn Learning, and reimbursement for external courses to help you get ahead.
Take the next step in your career as part of our team. Apply for this opportunity!
Candidates, please note: if you are being considered for this role, you will be required to complete a background check, such as employment verification, credit check and criminal record check.
Diversity, Equity, Inclusion & Belonging
At Tru Cooperative Bank, we embrace diversity regardless of gender identity or expression, sexual orientation, religion, race, ethnicity, age, diverse ability, and any aspect that makes someone unique. Inclusion is woven through our organization, from our employee-led network groups, hiring practices and education programs that address barriers and continually grow our equitable, diverse and inclusive culture.
We encourage people who are from equity-deserving groups to apply for a career with us, including women or non-binary people, persons with diverse abilities, Black, Indigenous Peoples, People of Colour and members of 2SLGBTQIA+ communities.
If an accommodation would help you during the process of applying or interviewing for a career with us, please let us know how we can assist you, whether it’s preparing materials in an alternate format, booking an accessible meeting room or other arrangement.
Your individuality is welcome here.
About Us
We’re a financial cooperative that does things differently. We provide time-tested advice that helps our members feel optimistic about their future, and we offer comprehensive banking solutions that enable people to confidently reach their goals. With the financial strength and extended branch network of a large financial institution, we maintain local connections to our communities and take a unique grassroots approach to service. Our more than 250,000 members and approximately 1,250 employees operate from 45 branches throughout the province of BC, under the Envision Financial, Valley First, Island Savings and Enderby & District Financial brands. Visit firstwestcu.ca for more information on Tru Cooperative Bank.
Please know we appreciate your interest in us but only candidates selected for an interview will be contacted. 