Job Information
Cambridge Savings Bank Compensation Analyst in Waltham, Massachusetts
POSITION: Compensation Analyst
Summary:
At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity and inclusion. The Compensation Analyst will support our compensation program, including conducting market analysis, participating in salary surveys, and creation and administration of incentive programs.
Key Result Areas:
Prepare and maintains job descriptions for each position in the organization; ensures descriptions accurately reflect the work being performed by incumbents.
Assess jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range.
Research, analyze and evaluate market data and pay practices; participate in compensation surveys.
Manage the creation of the annual compensation review process tasks in the HRIS system.
Support the annual salary process through data validation, survey results review, salary grade reviews, and salary increase recommendations.
Assist in monitoring regulatory changes, confirming minimum wage changes, exempt status rulings, applicable state and federal employment regulations, compensation policies, and human resources policies.
Manage or support other HR and/or Bank-wide projects as assigned, to ensure the effective administration of HR functions and changes.
Actively participate in the development of Bank’s culture and plays an integral role in maintaining the effectiveness of the culture, consistently modeling the Bank’s values, evaluate employee engagement, and propose solutions to further build and maximize engagement.
Act as the Payroll back up to the Payroll Administrator for QC purposes.
Perform additional duties as required.
Qualifications:
Bachelor’s degree required; degree in Human Resources, Business Administration, or accounting/finance preferred
4+ years of Human resources experience, including 2 years in compensation.
Solid working knowledge of compliance and laws around benefits and compensation.
Exceptional written and verbal communication skills.
High aptitude with working with numbers, exceptional commitment to accuracy and detail, and to prioritize workload.
Expertise in Microsoft Office; highly proficient in Excel.
The above description covers the most significant major responsibilities but does not exclude other occasional responsibilities and accountabilities the inclusion of which would be in conformity with the major purpose of this job.
Location:
Hybrid/Waltham, Massachusetts
About Cambridge Savings Bank:
Cambridge Savings Bank is a full-service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. In March 2023, Kroll Bond Rating Agency affirmed CSB’s investment-grade rating, reinforcing the bank’s position as a reliable business lender. To learn more about how CSB can meet your needs, visit us at cambridgesavings.com , or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370
Cambridge Savings Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.
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