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Compensation & Benefits Specialist

Company: Bank of Hawaii, Inc.
Location: Honolulu
Posted on: September 13, 2020

Job Description:

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Its our people who help us succeed in offering first class service and products to our customers. As a member of the Bank of Hawaii community, you will be among the very best in your profession in an environment that places a high value on integrity, innovation and teamwork. People who are agile, savvy, forward-thinking and entrepreneurial can learn and grow with us.. Does this sound like you?. Are you ambitious? Want to make a difference in peoples lives? Do you thrive in an environment that leverages your abilities as a fast learner, good listener, and problem-solver? If you love challenges, relish complexity, and have moxie, consider applying your unique talents with a Hawaii banking leader Bank of Hawaii. Here you can be at the forefront of whatever you do. Welcome to your tomorrow!. A day in your life as a Compensation & Rewards Specialist. Under the direction of the Director of Total Rewards, the selected candidate will be responsible for the research, analysis, design, maintenance, and reporting of Compensation and Benefit (welfare, fringe and retirement) plans. Assists in business units compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act. This position is also responsible for demonstrating the Excellence in Sales/Service (ESS) philosophy by participating in and practicing ESS disciplines and behaviors.. We'll give you these important responsibilities. Identifies needs and/or opportunities for total rewards improvements and recommends/implements changes based on analysis, employee feedback, market trends and changes in regulations. Implements compensation and benefit plan design changes, enhancements, and/or new programs. Reviews all process changes and enhancements to ensure continued compliance. Documents and maintains procedures.. Reviews, analyzes and compiles variable pay plan information for executive reporting. Assists variable pay plan owners/administrators with incentive plan revisions. Provides guidance and recommendations to the business on a variety of compensation issues including the setting of appropriate pay levels and pay mix (i.e. base pay, incentives). May lead annual Focal Review process for the Bank.. Reviews, analyzes and recommends leveling of positions and overall job structure for the Bank. Researches and gathers market data from various external and internal sources to perform comparative analysis. Works with managers and business units to complete evaluations on a timely basis.. Assists in resolving problems or issues. May involve facilitating various human resources training/education sessions.. Participates and takes an active leadership role in department/division/corporate responsibilities/projects. Keeps abreast of best practices and any regulatory changes pertaining to compensation and benefits.. Works with closely with the HR Service Center and other departments to develop new wellbeing programs and strategies to improve the overall wellbeing of employees.. Performs all other miscellaneous responsibilities and duties as assigned. Serves as back up to other HR professionals. Trains others in the department or support areas as it relates to responsibilities. Cross trains in other HR areas as needed.. This position requires use of a personal computer and other standard office equipment (typewriter, fax, copier, calculator, and telephone).. …if you come to us with these qualifications…. Educational requirements: Bachelor’s degree from accredited institution or equivalent work experience. Entry level coursework in accounting or equivalent work experience preferred.. Minimum 5 years Human Resources experience to include but not limited to compensation and benefits design, and experience in related HR areas, or equivalent work experience.. Should have extensive and varied experience with compensation and benefit plan design and process. Requires experience working on significant project/process improvement teams with significant roles.. Requires highly specialized knowledge of all federal and state laws and regulations impacting compensation and benefit plan design and processes for large employers. Experience: Also requires knowledge of alternatives and best practices.. Should have extensive knowledge of alternatives and best practices for most compensation and benefit programs, as well as experience making and facilitating presentations.. Technical skills: Demonstrated proficiency and expertise with personal computers in a networked environment and Microsoft applications (Outlook, Word, Excel, Access and Power Point) or similar software.. Knowledge of or ability to use Bank systems and software as well as familiarity with Lawson HCM System or similar system represents a significant advantage.Additionally, the selected candidate should be able to reverse engineer and create Excel worksheets using lookup tables, new multiple format charts, nested formulas, etc.; massage data and import successfully into new and existing Access tables, create complex forms and reports, etc.; reverse engineer PowerPoint documents with linked worksheets and charts, create multiple updating variations of documents with linked worksheets, etc.. Other Job Qualifications: Demonstrated verbal and written communication skills, as well as interpersonal skills. Must be analytical, detail oriented and organized. Able to meet deadlines and handle multiple priorities and changing deadlines. Should have a friendly and competent customer service outlook and ability to work across divisions and departments to build strong working relationships. Demonstrated understanding of financial and business analysis, and forecasting and trends analysis. Must comfortable meeting with employees and managers, alone and in groups, and making presentations. Role may involve travel to BOH locations within and outside the State of Hawaii, so the ability/willingness to travel by automobile and/or by air is required. Willingness to work flexible hours including holidays, weekends and evenings as needed or assigned.. All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of any legally protected classification including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or protected veteran status. Bank of Hawaii takes affirmative action in support of its policy to advance in employment legally recognized individuals including minorities, women, protected veterans and individuals with disabilities.. Bank of Hawaii - 30+ days ago - save job. The Bank of Hawaii Corporation (BOH) is a regional commercial bank headquartered in Honolulu, Hawaii. It is Hawaii's second oldest bank a.... Thousands of employers search for candidates on Indeed

Keywords: Bank of Hawaii, Inc., Honolulu , Compensation & Benefits Specialist, Other , Honolulu, Hawaii

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