Sr. Total Rewards Analyst

Posted 3 Days Ago
Be an Early Applicant
Linthicum, MD, USA
In-Office
89K-142K Annually
Senior level
Financial Services
The Role
Administers and analyzes compensation, benefits, retirement, wellness, leave, and incentive programs. Conducts market benchmarking, supports compensation planning, develops reports and dashboards, manages benefits and vendor processes, coordinates open enrollment, answers employee and manager questions, and ensures compliance with applicable regulations. Partners with Payroll, HR, vendors, and leadership on audits, communications, process improvements, system enhancements, and total rewards initiatives.
Summary Generated by Built In

Who we are:

At SECU, we put our employees first, recognizing that their well-being and professional development are vital to our success. By fostering a supportive and empowering work environment, our employees are committed to helping members achieve long-term financial security. They are also inspired to give back to the communities we serve by volunteering and spreading kindness, which reflects our core values and who we are as an organization.

Every employee at SECU contributes to our members’ financial well-being, and we’ll always do what’s right for our members, employees, and communities.

Feel good about what you do. Belong to a place where you matter and can make a difference.

Please Note: Although this position is mostly remote, this person will need to reside within commuting distance of our Headquarters located in Linthicum, MD to attend monthly meetings and facilitate a portion of our new hire orientation. He/she may also need to visit our Financial Centers a few times per year.

What you will do:

The Senior Total Rewards Analyst plays a key role in supporting SECU's total rewards programs through the administration, analysis, education, and continuous improvement of compensation, benefits, retirement, wellness, and leave programs. This position serves as a subject matter expert and trusted resource for leaders, employees, Human Resources partners, Payroll, and external vendors.

Working closely with the Manager, Total Rewards and HR Operations, this role helps ensure compensation and benefits programs remain competitive, compliant, financially responsible, and aligned with SECU's employee experience goals. The position leverages data, market intelligence, and industry best practices to support organizational decision-making and enhance the value employees receive through their total rewards package.

The incumbent maintains awareness and knowledge required to perform the duties of the position, including applicable federal and state regulations, compensation practices, retirement plan requirements, employee benefit regulations, and organizational policies.

A day in your life might include:

  • Conduct market pricing and benchmarking analysis for new and existing positions.
  • Support job evaluations and job description review processes.
  • Analyze compensation data and prepare recommendations related to promotions, transfers, market adjustments, and organizational changes.
  • Assist with salary structure maintenance and annual compensation planning activities.
  • Support the design, administration, analysis, and ongoing evaluation of sales and departmental incentive programs.
  • Develop compensation reports, metrics, and dashboards to support business decisions.
  • Partner with the Manager, Total Rewards to administer the corporate-wide incentive and leadership incentive programs
  • Administer health and welfare benefit plans, retirement programs, and voluntary benefits.
  • Coordinate annual open enrollment activities, employee education, and related communications.
  • Serve as a primary resource for employee and manager questions regarding compensation and benefits programs.
  • Support administration of SECU's 401(k), disability, leave, and wellness programs.
  • Partner with Payroll to ensure accurate benefit deductions and program administration.
  • Maintain benefit eligibility, enrollment, and vendor interface processes.
  • Work directly with carriers, consultants, and vendors to resolve issues and improve service delivery.
  • Monitor compliance requirements related to ERISA, ACA, COBRA, HIPAA, FMLA, Maryland FAMLI, other relevant sate leave programs, and other applicable regulations.
  • Prepare data and documentation for audits, filings, and regulatory reviews.
  • Analyze utilization, participation, and cost trends and provide recommendations for improvement.
  • Assist in the development of employee communications, presentations, and educational materials.
  • Participate in Human Resources and enterprise projects related to employee experience and total rewards.

Additional Responsibilities may include:

  • Assisting with HR technology enhancements and process improvement initiatives.
  • Participating in vendor implementation and system upgrade projects.
  • Supporting annual budget planning related to benefits and compensation programs.
  • Performing other duties as assigned.

What we need from you:

Education and Experience Requirements

  • Bachelor's degree in Human Resources, Business Administration, Finance, Accounting, or related field required.
  • CCP, CEBS, PHR, SPHR, SHRM-CP, SHRM-SCP, or similar certification preferred.
  • Minimum of five (5) years of progressive experience in compensation, benefits, total rewards, human resources, or a related field.
  • Experience conducting compensation analysis and market benchmarking.
  • Experience administering employee benefit programs and retirement plans.
  • Experience interpreting and applying federal and state benefit and employment regulations.
  • Experience utilizing HRIS, payroll, and reporting systems; ADP experience preferred.
  • Strong analytical, problem-solving, and data interpretation skills.
  • Advanced proficiency with Microsoft Excel and reporting tools.
  • Understanding of compensation and benefits regulations, principles, practices, and trends.
  • Ability to analyze complex information and make sound recommendations.
  • Ability to balance employee experience, compliance requirements, operational effectiveness, and financial stewardship.
  • Understanding of financial services, banking, credit union, or other regulated industries preferred.
  • Strong project management, communication, and relationship-building skills.

Compensation Information: Below is the full salary range for Grade H. Offers will be commensurate with experience and education. Please Note: We typically hire at or below mid-point, which is $115,100 for this role.

  • Salary: Min. $88,500 – Max. $141,700

Other Compensation Includes:

  • Annual corporate-wide incentives

We provide comprehensive benefits, with a focus on total well-being:

  • Medical, vision, dental benefits
  • 401k plan with company matching
  • Generous sick, vacation and personal leave
  • And more...2026 SECU Benefits Guide

Physical Requirements:

  • Must be able to remain in a stationary position, often standing or sitting for prolonged periods
  • Must be able to lift up to 25 pounds

SECU is committed to fostering a diverse, equitable, and inclusive workforce where all individuals are valued and respected. We take pride in providing equal opportunities for all qualified applicants regardless of race, ethnicity, national origin, gender, sexual orientation, gender identity or expression, religion, military or veteran status, or any other characteristics protected by law.

Skills Required

  • Bachelor's degree in Human Resources, Business Administration, Finance, Accounting, or a related field
  • Minimum of five years of progressive experience in compensation, benefits, total rewards, human resources, or a related field
  • Experience conducting compensation analysis and market benchmarking
  • Experience administering employee benefit programs and retirement plans
  • Experience interpreting and applying federal and state benefit and employment regulations
  • Experience utilizing HRIS, payroll, and reporting systems
  • ADP experience
  • CCP, CEBS, PHR, SPHR, SHRM-CP, SHRM-SCP, or similar certification
  • Strong analytical, problem-solving, and data interpretation skills
  • Advanced proficiency with Microsoft Excel and reporting tools
  • Understanding of compensation and benefits regulations, principles, practices, and trends
  • Ability to analyze complex information and make sound recommendations
  • Ability to balance employee experience, compliance requirements, operational effectiveness, and financial stewardship
  • Understanding of financial services, banking, credit union, or other regulated industries
  • Strong project management, communication, and relationship-building skills
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The Company
HQ: Linthicum, MD
350 Employees
Year Founded: 1951

What We Do

Founded in Baltimore in 1951, SECU is Maryland's largest credit union with nearly 240,000 members. As a member-owned financial services organization, it provides a wide range of banking products, including personal and business banking, financial advice, lending, and mortgage services. SECU is dedicated to supporting the financial well-being of its members and giving back to the communities it serves through various outreach initiatives.

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