Compensation Analyst Senior

Associated Bank - Corp; Milwaukee (WI); On-site; USD 80,290 - 137,640; Full time

Benefits offered by this job

401(k) plan

Pension plan

Volunteer time off

Professional development

Job summary

Associated Bank is seeking a Senior Compensation Analyst to shape compensation programs that attract, retain, and reward top talent. You will partner with leaders across HR, Finance, Risk, Legal, and business lines to deliver data-driven strategies and governance for Total Rewards.

You will analyze market data, develop incentive analyses, and manage compensation data across platforms, helping to drive enterprise-wide programs and regulatory compliance.

Qualifications

• Bachelor’s degree in Human Resources, Finance, Business Administration, or a related field, or an equivalent combination of education and experience.
• 5+ years of experience administering and analyzing compensation programs.
• Experience developing financial models, market analyses, and compensation recommendations.
• Strong analytical, project management, communication, and problem-solving skills.
• Experience working with compensation systems and Microsoft Excel.

Responsibilities

• Analyze compensation programs, market data, and financial models to support competitive, equitable pay practices.
• Partner with HRBPs and leaders to provide compensation guidance and consultative support.
• Develop incentive compensation analyses, financial models, and scenario planning to evaluate plan effectiveness.
• Manage compensation data, reporting, and system administration across platforms such as Workday, Payfactors, and other tools.
• Coordinate annual compensation planning activities including salary, bonus, equity, and incentive processes.
• Prepare governance materials, plan documentation, and committee presentations while supporting regulatory compliance and enterprise risk management.
• Collaborate with Finance, Legal, Risk, HR, and stakeholders to implement compensation initiatives and continuous improvements.

Skills

Analytical thinking

Project management

Communication

Problem solving

Education

Bachelor’s degree in HR, Finance, Business Admin, or related

Tools

Workday Compensation

Payfactors

Job description

Overview

At Associated Bank we strive to create an inclusive culture where different perspectives are valued as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Associated Bank requires you to represent your own experiences during the recruiting and hiring process. A thorough background check is conducted on all new hires.

Role

Senior Compensation Analyst — play a key role in shaping compensation programs that attract, retain, and reward top talent. Partner with leaders across HR, Finance, Risk, Legal, and business lines to deliver data-driven compensation strategies, incentive plan design, and governance support. This role offers opportunities to influence enterprise-wide compensation programs and expand expertise in Total Rewards.

Key Accountabilities

• Analyze compensation programs, market data, and financial models to support competitive, equitable, and business-aligned pay practices.
• Partner with HR Business Partners and business leaders to provide compensation guidance, recommendations, and consultative support.
• Develop incentive compensation analyses, financial models, and scenario planning to evaluate plan effectiveness and business impact.
• Manage compensation data, reporting, and system administration across platforms such as Workday, Payfactors, and other compensation tools.
• Coordinate annual compensation planning activities, including salary, bonus, equity, and incentive compensation processes.
• Prepare governance materials, plan documentation, and committee presentations while supporting regulatory compliance and enterprise risk management.
• Collaborate with Finance, Legal, Risk, HR, and business stakeholders to implement compensation initiatives and continuous process improvements.

Education & Experience

Required

• Bachelor’s degree in Human Resources, Finance, Business Administration, or a related field, or an equivalent combination of education and experience.
• 5+ years of experience administering and analyzing compensation programs.
• Experience developing financial models, market analyses, and compensation recommendations.
• Strong analytical, project management, communication, and problem-solving skills.
• Experience working with compensation systems and Microsoft Excel.

Preferred

• Certified Compensation Professional (CCP) certification or ability to obtain within 3-5 years.
• Certified Sales Compensation Professional (CSCP) certification or ability to obtain within 3-5 years.
• Experience supporting incentive compensation plan design, governance, and administration.
• Experience with Workday Compensation, Payfactors, or similar compensation platforms.

Why You\'ll Love Working Here

At Associated Bank, you\'ll join a collaborative team that values innovation, continuous learning, and meaningful partnership across the organization. You\'ll have opportunities to influence enterprise compensation strategies, work alongside experienced Total Rewards professionals, and contribute to programs that support colleagues and business success.

Application & Diversity

We welcome applications from all qualified individuals, including those returning to the workforce, people with disabilities, and veterans. We encourage applications irrespective of college degree attainment. Associated Bank is committed to equal opportunity employment.

Benefits

• Retirement savings including 401(k) and Pension plans.
• Paid time off to volunteer in your community.
• Opportunities to connect with others through Colleague Resource Groups focused on diversity.
• Competitive salaries with professional development and advancement opportunities.
• Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, and other benefits.
• Personal banking, loan, investment, and insurance benefits.

Associated Bank serves more than 120 communities across Wisconsin, Illinois, Minnesota, and Missouri. We value our colleagues and strive to be a best place to work in the Midwest.

Compliance Statement: Associated Bank is an equal opportunity employer committed to a diverse workforce. All qualified applicants will be considered without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status. We comply with applicable laws and policies and expect colleagues to act in accordance with these requirements. For accommodation requests during the application process, please contact [e-mail].

Associated Banc-Corp participates in the E-Verify Program. E-Verify notices and right-to-work information are available as part of our compliance materials.

The pay range represents anticipated base pay for this role. Actual pay may vary based on location, skills, experience, and qualifications. For certain positions, total compensation may include incentive, commission, or bonus opportunities not reflected in the posted base pay range.

Estimated annual pay range: $80,290.00 - $137,640.00.