What are the responsibilities and job description for the Compensation Analyst position at First Horizon?
Location: On site in Memphis, TN or Charlotte, NC
This role will be responsible for providing a comprehensive range of compensation consulting services for First Horizon. This role actively collaborates with Management, HR Business Partners, Accounting, Finance, and Legal teams to drive initiatives and implement strategies addressing market prices, trends, challenges, regulatory updates, and compensation requests.
Key responsibilities include, but are not limited to:
Compensation Collaboration and Consultation
- Collaborate with enterprise partners to address compensation issues and contribute on special compensation projects.
- Consult on job evaluations, leveraging market data and internal evaluations to provide insightful recommendations.
- Serve as the primary contact for day-to-day compensation matters for leaders and associates.
Data Management and Analysis
- Contribute to the management and analysis of complex data models using various databases and MS Office tools, interpreting findings to formulate strategic recommendations and actions.
- Manage and maintain the job description database and compensation structure.
- Participate in benchmarking and compensation surveys for data-driven insights.
Compensation Planning and Administration
- Partner in administering the compensation planning process, covering merit, bonus, and equity plans.
- Prepare comprehensive quantitative reports for management and executive review.
- Serve as a backup for the administration of equity plans, providing support to ensure seamless execution and alignment with compensation strategies.
Communication and Training Development
- Develop communication and training materials regarding pay policies and compensation programs.
- Prepare and conduct formal presentations tailored for executive, management, and associate audiences.
HR Process Development and Innovation
- Engage in ongoing development, validation, and enhancement of HR processes and systems.
- Document and uphold standard operating procedures and workflows for business functions/processes, ensuring alignment with current and emerging HR trends.
Data Integrity and Confidentiality
- Upholds and ensures the integrity, accuracy, and confidentiality of all human resource data.
- Conduct audits to ensure the quality and reliability of data, guaranteeing compliance with relevant standards and practices.
Qualifications
- BS/BA in Business, Finance or Accounting
- 2-4 years of experience in compensation or equivalent combination of education and experience that exhibits the ability to perform critical functions of the position
- Equity administration experience preferred
- Strong analytical, problem-solving, planning, and project management skills
- Advanced proficiency in MS Excel, Word and PowerPoint
- Excellent oral, written and interpersonal communication skills
- Knowledge of all employment laws and regulations (e.g., FLSA, EEO, FMLA)
- Ability to prioritize and handle several projects in a fast paced environment
- Ability to remain flexible and adaptable in instances of change or ambiguity
- Highly self-motivated, detail oriented with strong organizational skills
- Excellent attention to detail and accuracy
About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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