Compensation Analyst

U.S. Bank

At U.S. Bancorp India, we’re on a journey to do our best. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bancorp India gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Analyzes and maintains various types of compensation data to support informed decision-making. Participates in compensation surveys, conducts job analysis, evaluates roles through market pricing and internal comparisons, and prepares and analyzes survey outputs to identify trends and insights.
Supports the development, implementation, and ongoing administration of compensation processes and programs, including incentive accruals, merit budgets, long-term incentive plans, and salary range development. Ensures data accuracy, consistency, and integrity across compensation activities.
Works closely with Compensation Managers and partners with Finance to support cost modelling, budget tracking, and alignment of compensation recommendations with financial constraints and workforce planning objectives.
Contributes to the preparation of presentations and stakeholder materials, providing data-driven insights to support decision-making. Supports the development of communication materials for managers and employees to ensure clear and consistent messaging.

Basic Qualifications

Bachelor’s degree
2–5 years of relevant compensation or analytical experience, operating with guidance from more senior team members.

Preferred Skills/Experience

Thorough knowledge of advanced math/statistics, financial analysis or related skills/knowledge
Proficient computer navigation skills using a variety of software packages including Microsoft Office applications
Effective verbal and written communication skills
Compensation or Human Resources experience

Core Competencies

Data Analysis & Insight Generation Applies strong analytical skills to interpret compensation data, identify trends, and produce clear, evidence-based insights.
Attention to Detail & Data Integrity Ensures high levels of accuracy across datasets, models, and outputs, with a disciplined approach to validation and quality control.
Financial Acumen & Cost Awareness Understands the cost implications of compensation decisions; supports modelling and works with Finance to ensure alignment with budgets and cost controls.
Compensation Fundamentals Demonstrates a solid understanding of core reward principles (market pricing, benchmarking, pay positioning), applying these with guidance.
Stakeholder Collaboration Works effectively with Compensation Managers, HR partners, and Finance to deliver timely and accurate outputs.
Communication Translates complex data into clear, structured outputs (e.g., presentations, summaries) tailored to stakeholder needs.

Key Responsibilities

Support market pricing and benchmarking activities using external survey data
Prepare and analyze compensation datasets (e.g., merit, bonus, LTI, salary ranges)
Assist in cost modelling and budget tracking for compensation cycles
Validate and maintain compensation data, ensuring consistency across systems and outputs
Contribute to compensation review processes (e.g., merit/incentive cycles)
Prepare standard reports, dashboards, and presentation materials
Support responses to internal queries on compensation processes and data

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Posting may be closed earlier due to high volume of applicants.

This is an U.S. Bancorp India posting. U.S. Bancorp India is a part of the U.S. Bank family.