Compensation Analyst

Our client, a stock savings bank in New Jersey, is seeking a Compensation Analyst with equity compensation experience to join their HR team. This role is critical in maintaining salary structures, benchmarking market data, and assisting with equity administration to support proxy reporting for their publicly traded organization. The position offers flexibility to work from either their Red Bank headquarters or their brand new office in Toms River, NJ.
 
Compensation Analyst Responsibilities:

• Assess job descriptions, responsibilities, and qualifications to determine appropriate salary ranges
• Analyze salary survey data, industry trends, and labor market conditions
• Conduct external benchmarking and internal equity reviews to align pay practices with industry standards
• Administer annual incentive process and bonus calculations
• Assist with annual budget planning for bank-wide salary allocations
• Manage entire equity compensation process within ETRADE platform
• Design, implement, and administer equity-based compensation plans, including stock options, RSUs, performance shares, and ESPP
• Track bank shares, vesting schedules, quarterly dividend payments, and award modifications
• Support preparation of proxy statements, financial disclosures, and other equity-related reporting
• Prepare CD&A for annual Proxy
• Design and maintain salary bands, job classifications, and pay grades to support internal equity and career progression
• Partner with HR Business Partners to implement compensation programs
• Educate employees on equity compensation, taxation, and benefits of ownership
• Support internal and external audit procedures

Compensation Analyst Requirements:

• 3-5 years of compensation analysis experience with focus on equity administration
• Finance/accounting background with HR compensation experience
• Experience with job descriptions and compensation structures
• Strong analytical and writing skills
• Proficiency with ADP, JobArchitect, and ETRADE (or similar equity management platform)
• Bachelor's degree in Finance, Accounting, HR or related field

Benefits:

• Hybrid work schedule (after 90-day in-office period)!
• Competitive bonus program based on company and individual performance
• Dental, vision, life insurance, and disability coverage
• 401k with match and Employee Stock Ownership Plan
• Modern, new office in Toms River!
• Collaborative environment with strategic involvement
• Work-life balance (no busy season!)

Salary:

• $85,000 - $110,000 (can go higher for candidates with the right experience)