Senior Compensation Lead - Strategy & Analytics

Cambridge Savings Bank; Waltham (MA); Hybrid; USD 95,000 - 125,000; Full time

Job summary

Cambridge Savings Bank is seeking a Senior Compensation Analyst in Massachusetts to lead compensation programs, pricing, and governance. You will partner with HR, Finance, and Payroll to deliver market-based recommendations and drive the annual compensation cycle.

The ideal candidate has 5–7 years of compensation experience, strong Excel skills, and expertise in market pricing, job evaluation, and pay equity analyses. This role emphasizes governance, compliance, and data accuracy within UKG.

Qualifications

• Bachelor's degree in Human Resources, Business Administration, Finance, Economics, Accounting, or related field.
• CCP certification preferred or willingness to pursue certification.
• 5-7 years of progressive compensation experience.
• Experience with market pricing, salary administration, job evaluation, and compensation analysis.
• Experience supporting annual merit and compensation planning cycles.
• Experience with incentive compensation or bonus administration preferred.
• Banking, financial services, or regulated industry experience preferred.
• UKG experience strongly preferred.
• Advanced Excel skills including pivot tables, lookups, modeling, and data analysis.
• Experience with compensation reporting and workforce analytics.
• Knowledge of FLSA, pay transparency, and pay equity regulations.
• Strong communication, presentation, and consulting skills.
• Ability to manage multiple priorities while maintaining accuracy and confidentiality.
• Demonstrated expertise in compensation analytics, modeling, and reporting.

Responsibilities

• Serve as compensation expert and advisor for compensation-related matters.
• Drive planning, administration, and execution of the annual compensation cycle.
• Maintain compensation programs, salary structures, pay grades, and guidelines.
• Conduct market pricing and benchmarking analyses.
• Prepare compensation recommendations for hires, promotions, transfers, and changes.
• Conduct job evaluations and determine classifications and salary grades.
• Develop compensation planning models, budgets, and cost-impact analyses.
• Present analyses and recommendations to leadership and governance committees.
• Maintain data in UKG and resolve compensation data issues with HRIS/Payroll.
• Lead testing and optimization of UKG compensation functionality.
• Maintain controls, documentation, and audit trails for compensation data.

Skills

Advanced Excel

Data analysis

Market pricing

Pay equity analysis

Financial analysis

Education

Bachelor's degree in related field

CCP certification preferred

Tools

UKG

HRIS

Job description

Cambridge Savings Bank is seeking a Senior Compensation Analyst in Massachusetts to lead compensation programs, pricing, and governance. You will partner with HR, Finance, and Payroll to deliver market-based recommendations and drive the annual compensation cycle.

The ideal candidate has 5–7 years of compensation experience, strong Excel skills, and expertise in market pricing, job evaluation, and pay equity analyses. This role emphasizes governance, compliance, and data accuracy within UKG.