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Senior Compensation Analyst (Analytics, Budget and Compliance)

Navy Federal Credit Union
United States, Virginia, Vienna
Apr 11, 2025

Overview

The Senior Compensation Analyst will design, analyze, model and administer compensation programs to ensure they remain competitive, fair, and aligned with business goals. This role will be responsible for job and pay structures, designing and assessing incentive programs, developing data insights, and conducting compensation analysis and reporting while ensuring compliance.

Responsibilities

  • Compensation Analytics & Reporting: Develop and deliver regular and ad hoc compensation reports, dashboards, and analyses to support decision-making. Analyze trends related to pay equity, internal mobility, turnover, and market competitiveness.
  • Compensation Modeling: Establish methodologies, develop models, and determine employee and cost impact of broad base pay reviews, changes to pay practices, and other compensation-related offerings.
  • Budget Management: Collaborate with finance and leadership to develop and manage the annual compensation budget, including forecasting compensation costs and monitoring expenditures ensuring alignment with strategic business objectives.
  • Compliance & Governance: Ensure compensation practices are compliant with federal, state, and international laws, including pay transparency, FLSA, and global pay equity standards. Maintain documentation and audit processes as needed.
  • Job and Pay Structure Maintenance: Maintain and update company-wide pay structures and job frameworks to support organizational growth and internal equity. Ensure accuracy and consistency across systems while aligning with compensation strategy
  • Market Benchmarking: Conduct salary benchmarking using survey data. Provide market pricing guidance for new and existing roles to ensure external competitiveness.
  • Cross-Functional Collaboration: Partner closely with Talent Acquisition, HR Business Partners, Finance, and Legal teams to provide compensation guidance and ensure alignment with business and talent strategies.
  • Program & Process Improvement & Best Practices: Identify opportunities to streamline and improve compensation processes and programs and makes recommendations for future initiatives. Stay informed of market trends, emerging technologies, and evolving regulations to ensure ongoing program relevance and effectiveness.

Qualifications

  • 5-8 years of experience in compensation, total rewards, or a related analytics function.
  • Advanced experience with reporting & analytical tools, (Tableau, Excel, Power BI etc.) to customize and join complex data sets for large scale analyses, programs, and projects.
  • Strong experience working with statistical data sets to include understanding regression analysis and understanding of statistical concepts.
  • Strong experience building reports and dashboards (e.g., using Excel, Tableau, Power BI, or similar tools).
  • Demonstrated proficiency in statistical analysis techniques, data visualization and analytical skills that leverage critical thinking and problem-solving.
  • Strong understanding of base pay structures, incentive plan design, and compensation compliance.
  • Strong understanding of employment laws, regulations, FLSA, and executive orders enforced by the OFCCP, EEOC, and other agencies.
  • Excellent communication and stakeholder management skills, with the ability to translate complex ideas and data into easy-to-understand actionable insights.
  • Detail-oriented and highly organized, with the ability to manage multiple priorities and deadlines.

Desired Qualifications

  • Experience conducting budget/expense analysis, developing cost models and pricing alternative proposals to inform decision making.
  • Advanced experience with tools leveraged to conduct financial analysis, present findings, and track financial performance data.
  • Project management experience in compensation or total rewards.
  • Experience with Power BI, Oracle Transactional Business Intelligence (OTBI), and Fusion Data Intelligence (FDI) reporting tools.

Hours: Monday - Friday, 8:00AM - 4:30PM

Locations: 820 Follin Lane, Vienna, Virginia 22180 | 5550 Heritage Oaks Drive, Pensacola, FL 32526 | 141 Security Drive, Winchester, VA 22602

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks. Our approach to careers is simple yet powerful: Make our mission your passion. * Best Companies for Latinos to Work for 2024 * Computerworld Best Places to Work in IT * Forbes 2024 America's Best Large Employers * Forbes 2024 America's Best Employers for New Grads * Forbes 2024 America's Best Employers for Tech Workers * Fortune Best Workplaces for Millennials 2024 * Fortune Best Workplaces for Women 2024 * Fortune 100 Best Companies to Work For 2024 * Military Times 2024 Best for Vets Employers * Newsweek Most Loved Workplaces * 2024 PEOPLE Companies That Care * Ripplematch Recruiting Choice Award * Yello and WayUp Top 100 Internship Programs From Fortune. 2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union. Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran. Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process. Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
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