Compensation Analyst

When you join Sallie Mae, you become a champion for all students. We’re on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big. Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We’re changing. Because students need a better way. We’re looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students—and for each other. This is where diverse backgrounds, beliefs, and perspectives matter. It’s where you’re empowered to bring your authentic self to work. Feeling your best allows you to do your best. Our benefits take care of the whole you—from physical and mental to financial and professional. You’ll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more. We’re obsessed with impact and making a real difference. For us, that means putting relationships first, asking “why not?” when tackling challenges, and continuously learning new skills. Come do more than join something, change something. For students, for future generations, for the future of education. What You'll Contribute The Compensation Analyst will assist with the administration of compensation programs that are cost effective and that provide strong competitive positioning to support the company’s compensation philosophy. They will maintain and analyze compensation information for the organization. What You'll Do Compensation Administration Evaluates the organization's jobs, documenting responsibilities and requirements in job descriptions. Contributes organizational data to, and analyzes results of compensation surveys. Conducts compensation reporting and analysis by using compensation surveys and internal equity to make strategic recommendations and asses competitive positioning. Partners with HR Business Partner(s), Talent Acquisition and business managers on compensation policies, practices and philosophy. Participates in annual salary administration programs, including salary structure creation and maintenance and development of incentive or salary increases. Participates in administration of annual performance management, incentive, or salary increase programs. Audits and maintains job records and compensation data in Workday and other systems (ex. Payfactors). Equity Administration Manages ongoing equity administration workflows that support company policies and compliance (grant processing, participant records, regular audits). Maintains controls and processes for equity awards. Oversees annual Employee Stock Purchase Plan. The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role. What You Have Minimum Education, Skills and Experience Required Bachelor’s degree in Business, Finance, Human Resources, Mathematics or related field or equivalent work experience. 3-5 years of progressive Human Resources experience, 2 or more of those years specific to Compensation administration. Must have a foundational knowledge of compensation principles, compensation tools, surveys and market data resources to provide sound data and recommendations. Must have experience with Market Pricing and compensation surveys (ideally utilizing a market pricing tool - ex. Payfactors/Payscale). Must have the ability to explain compensation principles to all management levels of the company while ensuring compliance to all state and federal regulatory requirements that relate to compensation. Must have strong computer and database application skills including Microsoft Word, Excel, PowerPoint. Must have meticulous attention to detail to be able to achieve high level of accuracy. Must possess excellent oral and written communication skills for effective work relationship. Demonstrated knowledge of compensation and employment law. Ability to maintain sensitive data in a confidential manner. Ability to influence and build effective interpersonal relationship. Ability to set priorities and effectively manage multiple assignments in a flexible environment. Strong aptitude for research, analysis, and data management. Strong customer service skills. Strong problem solving skills. Preferred Education, Skills and Experience Previous Experience in banking industry. Workday knowledge or experience. Experience with equity plans. PHR/CCP Certification. The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the “essential functions” of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function. Not the right fit? Let us know you're interested in a future opportunity by clicking Introduce Yourself in the top-right corner of the page or create an account to set up email alerts as new job postings become available that meet your interest! Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. If you'd like more information about your EEO rights as an applicant, please click here. EEO is the Law supplement. Click here to view the U.S. Pay Transparency Policy. Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.