Total Rewards Analyst I

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community?  Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  At Provident Bank, we are committed to enhancing our customer and employees’ experience. 

POSITION OVERVIEW:

The Total Rewards Analyst I supports the administration of Provident Bank’s benefits and compensation programs, with a focus on retirement plans, compensation support, and regulatory compliance. This role plays an important part in ensuring accuracy, timeliness, and a positive employee experience across total rewards programs. 

KEY RESPONSIBILITIES:

• Administer retirement benefit programs including 401(k), pension, and non-qualified plans. 
• Review vendor-prepared regulatory filings (Form 5500, PBGC) for accuracy and prepare submissions. 
• Support annual audits and preparation of financial statements. 
• Prepare and distribute required participant and regulatory notices. 
• Monitor vendor processes, EDI files, enrollments, and contributions. 
• Process and reconcile benefit-related payroll adjustments. 
• Support Talent Acquisition and HR Business Partners with job evaluations, compensation analysis, and offer recommendations. 
• Support annual compensation programs including merit, promotions, market adjustments, and bonuses. 
• Compile and submit compensation data for BLS reporting. 
• Crosstrain on health and welfare plans for business continuity. 
• Perform other duties as assigned. 

MINIMUM QUALIFICATIONS:

• Bachelor’s degree in Human Resources, Business Administration, or related field preferred.
• 1-3 yrs in benefits, compensation, finance, auditing or banking.
• Understanding of benefits administration and applicable government regulation of employee benefits.
• Demonstrated proficiency in computer programs particularly Excel, PowerPoint, Word, Adobe.
• Strong attention to detail and numeracy skills.
• Excellent written and verbal communications skills including speaking to large groups.
• Ability to exercise judgment and make decisions consistent with job functions.  Ability to remain composed and make appropriate decisions under stressful situations.
• Ability to plan, organize and prioritize multiple projects for timely completion.  Familiarity with preparation of financial statement and regulatory filings such as Form 5500’s a plus.
• Ability to define problems, collect data, establish facts and draw valid conclusions.
• Ability to shift attention quickly and accurately from one matter to another.
• Experience with webinars, recording and video a plus.

WORKING CONDITIONS

Work is mainly performed in a normal office environment.  Noise levels usually are moderate. May also involve travel to customers and property locations.

• Prolonged sitting
• Lifting from 5 to 10 lbs. (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• The hazards are mainly those present in a normal office setting.

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.    

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

Pay Details:

$ 61,600 - $88,000 annually

Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs. 

This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.

Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.