Compensation Analyst

About Beem

Beem is a new credit union with 80 years of history. Rising to the rapidly evolving challenges of the financial services industry and inspired by cooperative values, our founding credit unions recognized that we can do more together. Beem means light. It means energy. It means a brighter financial future. United as Beem, we are combining our strengths to better serve our members. As of January 1, 2025, Beem will be one of BC’s largest provincially regulated credit unions, supporting the financial wellness of 193,000 members from 66 branches across the province with $17 billion in assets under administration. Learn more about our journey at www.beemcreditunion.ca.

What this role is all about:

Reporting to Manager, Total Rewards, in a post-merger environment, the Compensation Analyst is responsible for supporting the design, implementation, and administration of the company’s compensation and recognition programs. This role involves analyzing compensation data, conducting market analysis and job evaluations ensuring internal equity and external competitiveness, and assisting with the development of compensation strategies to attract, retain, and motivate talent.

The Compensation Analyst will collaborate with People and Culture Business partners, and external vendors to ensure that compensation practices are aligned with Beem’s Compensation philosophy, guiding principles and organizational goals, and compliant with all applicable laws and regulations.

This role is open to remote working arrangements within B.C. While we welcome all applications, we anticipate filling this role with a candidate located in British Columbia.

What you’ll do:

Compensation Program Administration

• Administer and manage compensation programs including base pay, incentive plans and salary structures
• Assist in the annual compensation review process, ensuring that salary adjustments and promotions are processed accurately and on time
• Support the execution of pay-for-performance initiatives, merit increases, and incentive plans

Market Research, Benchmarking & Job Evaluation

• Assist with market analysis and benchmarking to ensure the company’s compensation packages are competitive within the industry
• Utilize salary surveys and compensation data to compare internal pay practices to external market trends and recommend adjustments as needed
• Monitor changes in compensation laws and market trends to ensure compliance and maintain competitive offerings
• Assist in job evaluations to ensure accurate and equitable leveling of positions based on responsibilities, skill levels, and market conditions
• Partner with the People and Culture Business Partners and provide recommendations for salary bands and target …