Senior Compensation Analyst (Compensation Programs) - Remote

Velera; United States; Remote; USD 85,000 - 108,000; Full time

Benefits offered by this job

Medical with telemedicine

Dental and Vision

401k with employer match

HSA contributions

Tuition Reimbursement

Paid Time Off

Wellness program

Life Insurance

Job summary

Velera is seeking a Senior Compensation Analyst - Compensation Programs to oversee and optimize the annual merit, incentive, and performance management processes within Workday. The role collaborates with HR, Payroll, TA, and business leaders to ensure accurate, efficient program delivery and governance.

The position also serves as backup administrator for executive compensation programs (LTI, DCP, SERP) and supports strategic compensation initiatives and special projects as assigned.

Qualifications

• Bachelor’s degree in HR, Business Administration, Finance, or related field.
• 7+ years of progressive compensation experience.
• Minimum 3 years in a senior compensation role.
• Minimum 2 years Executive Compensation experience preferred.
• Experience leading annual compensation planning processes.
• Workday experience required.
• Experience partnering with senior leaders on compensation matters.

Responsibilities

• Oversee annual merit planning process administration with system setup, testing, reporting and governance.
• Oversee annual incentive and bonus planning processes with stakeholders, data validation, and payout reporting.
• Oversee annual performance management cycle including goal setting, mid-year reviews, and year-end evaluations.
• Serve as primary Workday compensation administrator and SME.
• Develop and maintain project plans and deliverables for compensation and performance programs.
• Create and maintain program documentation, job aids, and leadership communications.
• Produce standard and ad hoc reports and dashboards for decision-making and compliance.
• Partner with HR and business leaders to troubleshoot and ensure program delivery.

Skills

Workday experience

PowerBi experience

Education

Bachelor’s degree in HR/Business/Finance or related field

Job description

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.

Qualification** s**:

• 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.

Great Work/Life Benefits!

• 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.