CoBank is a cooperative bank serving vital industries across rural America, and they are seeking a Compensation Specialist to support their compensation team. The role involves administering and maintaining compensation programs, assisting with reporting and data audits, and responding to inquiries from HR partners and associates.
Responsibilities
- Supports the administration and maintenance of compensation data within HRIS and compensation systems to ensure data accuracy and integrity
- Assists with the preparation and distribution of standard compensation reports, dashboards, presentations, and ad hoc analyses
- Conducts data audits to identify discrepancies and support data quality initiatives
- Assists with annual compensation processes including merit, bonus, and promotional cycle preparation activities
- Supports the review and update of job descriptions, job titles, and related documentation to ensure consistency and alignment with established job architecture standards
- Assists with maintaining compensation-related content on internal websites, shared resources, and documentation repositories
- Conducts information searches and gathers market data related to salaries, job classifications, compensation trends, and benchmarking activities
- Supports salary survey participation activities including data gathering, formatting, submission, and tracking
- Creates and maintains process documentation, tracking logs, and standard operating procedures for compensation activities
- Supports compensation projects and process improvement initiatives through research, data and presentation preparation, testing, and administrative coordination
- Partners with members of the Human Resources team to support compensation operations and service delivery
- Responds to routine compensation-related questions from people leaders, associates, and Human Resources team members by providing information based on established guidelines and procedures
Skills
- Bachelor's Degree in Human Resources, Business Administration, Finance, Analytics, or a related field required
- Bachelor's degree may be substituted with related experience, or an equivalent combination of education and related experience
- Basic knowledge of compensation principles, human resources practices, and data management concepts
- Strong attention to detail and ability to maintain accurate and organized records
- Demonstrated experience with working with data and reports
- Proficiency in Microsoft Excel, Word, PowerPoint, and related business applications
- Ability to follow established procedures and manage multiple tasks with accuracy and timeliness
- Effective written and verbal communication skills. Customer service mindset
- Ability to build collaborative working relationships within Human Resources and across business teams
- Ability to handle sensitive and confidential information appropriately
- Ability to assist and implement process improvements, evaluate issues, identify possible solutions
- 1 year of related experience in compensation, human resources, data analytics, finance, or administrative operations preferred
- 1 year of experience working with spreadsheets, reporting tools, or HR systems preferred
Benefits
- Careers with a purpose
- Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays
- Competitive Compensation & Incentive
- Hybrid work model: flexible arrangements for most positions
- Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
- Robust associate training and development with CoBank University
- Tuition reimbursement for higher education
- Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
- Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
- Associate Resource Groups: creating a culture of respect and inclusion
- Recognize a fellow associate through our GEM awards
Company Overview
CoBank is a leading cooperative bank serving agribusinesses and rural infrastructure providers throughout the U.S. It was founded in 1989, and is headquartered in Greenwood Village, Colorado, USA, with a workforce of 1001-5000 employees. Its website is http://www.cobank.com/.