Senior Compensation Analyst (Compensation Programs) - Remote

Velera; Northern (KY); Hybrid; USD 85,000 - 108,000; Full time

Benefits offered by this job

Medical

Telemedicine

Dental & Vision

401k

PTO

Maternity/Parental leave

HSA contributions

Job summary

Velera seeks a Senior Compensation Analyst to lead administration of merit, incentive, and performance management programs. You will own Workday configuration, testing, reporting, governance and stakeholder support across HR and payroll teams.

You will drive annual compensation cycles, partner with executives, and back up executive compensation processes. This role blends analytics with program leadership in a remote-first, growth-focused environment.

Qualifications

• Bachelor’s degree in human resources, business, finance or related field (or equivalent).
• 7+ years in compensation with program administration, pricing, consulting.
• 3+ years in senior compensation role.
• 2+ years in executive compensation preferred.
• Experience leading annual compensation planning (merit, bonus, performance) and related projects.
• Experience partnering with senior leaders and HR stakeholders on complex compensation matters.
• Workday experience required.

Responsibilities

• Oversee annual merit planning: setup, testing, reporting, governance.
• Oversee annual incentive and bonus planning: data validation, payout calculations and reporting.
• Oversee annual performance management cycle: goal setting, reviews, calibration, system administration.
• Serve as primary admin for Workday compensation and performance management.
• Develop and manage project plans, timelines, and deliverables for compensation programs.
• Create program docs, job aids, training materials and leadership communications.
• Produce standard and ad hoc reports, dashboards and analyses for decision making.
• Partner with HRBPs, Payroll, TA and leaders to troubleshoot and ensure delivery.

Skills

Workday

Compensation planning

Executive compensation

HR analytics

Stakeholder collaboration

Education

Bachelor’s degree in HR/Business/Finance

Tools

Power BI

Excel

HRIS

Job description

Senior Compensation Analyst - Compensation Programs

Join the People Helping People Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated fintech solutions provider. The company serves more than 4,000 financial institutions throughout North America, operating with velocity to help our clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Our purpose: We accelerate partners’ success through innovative financial technology solutions and inspired service.

The Opportunity: We are seeking a Senior Compensation Analyst - Compensation Programs who will be responsible for overseeing and supporting the administration, execution, and continuous improvement of the organization’s annual merit, incentive compensation, and performance management processes. This role serves as the primary program support for compensation programs and backup on our executive compensation processes, ensuring programs are delivered accurately, efficiently, and in alignment with organizational objectives. The position oversees and supports end‑to‑end program execution within Workday, including system configuration coordination, testing, process governance, reporting, communications, and stakeholder support. The role partners closely with HR Business Partners, leaders, Payroll, Talent Acquisition, and Human Resources Operations to ensure a seamless employee and leader experience. In addition, this position serves as the backup administrator for executive compensation programs, including Long‑Term Incentive (LTI), Deferred Compensation Plan (DCP), and Supplemental Executive Retirement Plan (SERP) administration, and supports strategic compensation initiatives and special projects as assigned.

Day in the Life

• Oversee and support the administration and execution of the annual merit planning process, ensuring accurate system setup, testing, reporting, communications, and governance.
• Oversee and support the annual incentive and bonus planning processes, including coordination with key stakeholders, validation of data, and completion of payout calculations and reporting.
• Oversee and support the annual performance management cycle, including goal setting, mid‑year reviews, year‑end evaluations, calibration support, system administration, and process improvements.
• Serve as the primary administrator and subject matter expert for Workday compensation and performance management processes.
• Develop, maintain, and execute project plans, timelines, and deliverables for compensation and performance management programs.
• Create and maintain program documentation, job aids, training materials, leadership resources, and employee communications.
• Monitor program execution and identify opportunities to improve efficiency, effectiveness, and user experience across compensation and performance processes.
• Produce standard and ad hoc reports, dashboards, and analyses to support decision‑making, program evaluation, and compliance requirements.
• Partner with HR Business Partners, Payroll, Talent Acquisition, and business leaders to troubleshoot issues and ensure successful program delivery.
• Support annual salary structure updates, market pricing activities, and compensation analyses as needed.
• Serve as backup support for executive compensation administration, including Long‑Term Incentive (LTI), Deferred Compensation Plan (DCP), and Supplemental Executive Retirement Plan (SERP) processes.
• Assist with executive compensation reporting, plan administration activities, participant communications, and annual program events as required.
• Participate in compensation audits, compliance activities, regulatory reporting, and governance processes.
• Support special projects related to compensation, performance management, human capital programs, Workday enhancements, process automation, and organizational initiatives.
• Maintain compensation policies, procedures, process documentation, and program controls.
• Perform other duties, analyses, and projects as assigned.

Qualifications

• Bachelor’s degree in human resources, Business Administration, Finance, or a related field required, or an equivalent combination of education and relevant experience.
• 7+ years of progressive compensation experience, including program administration, market pricing, and compensation consulting required.
• Minimum 3 years’ experience serving in a senior‑level compensation role required.
• Minimum 2 years’ Executive Compensation experience preferred.
• Experience leading annual compensation planning processes (annual merit, bonus, performance management) and compensation‑related projects required.
• Experience partnering with senior leaders and HR stakeholders on complex compensation matters required.
• Workday experience required.
• PowerBi experience a plus.

About Velera

At Velera, inclusion isn’t an initiative – it’s how we work. Guided by a people‑helping‑people philosophy, we cultivate a culture where every employee feels valued, respected and empowered to do their best work. We’re committed to building a diverse workforce and fostering meaningful connection across our teams. Through a remote‑first, flexible environment, we prioritize psychological safety, wellbeing and belonging so individuals and teams can collaborate to thrive. Together, we’re shaping a new era of secure, innovative solutions for the clients and communities we serve. Learn more about what it’s like to work at Velera.

Pay Equity $84,900.00 - $108,200.00 Actual Pay will be adjusted based on experience and other job‑related factors permitted by law.

• Competitive wages
• Medical with telemedicine
• Dental and Vision
• Basic and Optional Life Insurance
• Paid Time Off (PTO)
• Maternity, Parental, Family Care
• Community Volunteer Time Off 12
• Paid Holidays
• Company Paid Disability Insurance
• 401k (with employer match)
• Health Savings Accounts (HSA) with company provided contributions
• Flexible Spending Accounts (FSA)
• Supplemental Insurance
• Mental Health and Well‑being: Employee Assistance Program (EAP)
• Tuition Reimbursement
• Wellness program
• Benefits are subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions

Velera is an Equal Opportunity Employer.

We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state or local law.

Velera is an Equal Opportunity Employer that complies with the laws and regulations set forth in the following "EEO is the Law" Poster.

Velera will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the legal duty to furnish information.

Velera is an E‑Verify Employer.

Review the E‑Verify Poster here.

For information regarding your Right To Work, please click here.

This role is currently not eligible for sponsorship.

As an ongoing commitment to reasonably accommodate individuals with disabilities please contact a recruiter at [e-mail] for assistance.

Your voice. Our velocity. Shaping a new era together. At Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, you’ll be part of a team committed to the long‑term growth and success of financial institutions, our employees and our industry. United by Purpose Our employees are united by a people‑helping‑people purpose that guides how we show up every day. A culture rooted in taking ownership and doing what’s right has fostered long‑term dedication and earned Velera recognition for both our inclusive culture and commitment to excellence. Your Story Shapes Our Culture Connection and recognition are core to who we are. We cultivate inclusion, celebrate employees who live our values and create meaningful opportunities for engagement that build strong relationships and a true sense of belonging across our teams. Remote by Design Our remote‑first culture is built for collaboration, flexibility and connection – bringing people together in person when it matters. Flexible time off and healthy working norms support wellbeing and psychological safety, while integrity‑driven leadership empowers you to do your best work. Strength in Stability With more than 40 years of fintech innovation, Velera offers the stability of a trusted legacy with the momentum of forward‑thinking solutions. We enable thousands of financial institutions and the communities they serve through secure, leading‑edge technology and partnership. Explore velera.com to learn more about how Velera is advancing our purpose of accelerating partners’ success through innovative financial technology and inspired service.