Job Information
First Interstate BancSystem Compensation Analyst in Spokane, Washington
**If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal. This position may be located at any of First Interstate Bank's offices in Billings, Missoula, MT, Boise, Eagle, ID, Bend, OR, Denver, CO, Omaha, NE, Sioux Falls, SD and Spokane, WA. What's Important to You We know your career is just one aspect of a meaningful, complex, and demanding life. That's why we designed our compensation and benefits package to provide employees and their families with as much choice as possible. Generous Paid Time Off (PTO) in addition to paid federal holidays. Student debt employer repayment program. 401(k) retirement plan with a 6% match. The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serve, and why we want YOU to be a part of it. We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate. SUMMARY Hands-on role to identify, evaluate, and implement systems, pay structures, and processes in alignment with the company's compensation strategy. The Compensation Analyst reports to the Compensation Manager and supports company-wide compensation plans that contribute to the attraction and retention of high performing individuals, while ensuring compliance with all legal requirements. This role provides analysis and recommendations for the organization to achieve desired compensation program objectives. ESSENTIAL DUTIES AND RESPONSIBILITIES Oversees the daily operations of compensation programs including base pay, incentives, non-qualified deferred compensation, and equity plans. Manages the job description development and job evaluation processes. Assesses jobs and their respective duties to determine classification as exempt or non-exempt in compliance with FLSA requirements. Leads job pricing reviews ensuring integrity of market survey job matches and evaluates both external market data and internal data to determine compensation levels. Conducts cost modeling and impact analysis for pricing review projects. Completes market salary surveys on an annual basis or more frequently as needed. Administers the job description, survey data management, and equity plan systems, ensuring data integrity and full utilization of system capabilities. Administers annual compensation review process. Conducts research and analysis on market competitiveness, pay equity, and effectiveness of compensation programs. Recommends process improvements and efficiencies for compensation programs. Develops and maintains accurate compensation procedures and other internal procedure guidelines. Participates in and/or leads internal and/or external audits. Collaborates with Corporate Finance to project and manage the cost of compensation plans within budget. Ensures compensation practices are in compliance with all internal policies, SOX controls, regulatory guidance, and federal, state, and local wage laws. Assists with due diligence, analysis, recommendations and integration for Mergers and Acquisitions (M&A). Participates in compensation projects, accountable for project accuracy, progress, and deadlines. QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. KNOWLEDGE, SKILLS AND ABILITIES Strong analytical, problem solving, and decision-making skills. Results-oriented. Strong organization skills with high attention to detail. Technical data skills, including data analysis and data visualization. Ability to take initiative and work