Job Description

Summary

The Senior Compensation Specialist is responsible for the day-to-day administration and implementation of compensation programs across the organization Including short-term incentive plans, sales, commission, and production incentive plans, and long-term incentive plans.

Essential Duties & Responsibilities

• Assist in the development of compensation programs in accordance with guidelines and policies and recommendations on compensation issues and proposals, including compensation program design, evaluation and analysis, cost projections, and communications

• Responsible for ongoing compensation initiatives such as annual market review, salary planning, short term and long term incentive plans, and sales incentive plans through data collection/reporting, analysis, data management, transaction assistance, market research, and data integrity audits. Ability to comprehend and apply broad company policies to individualized compensation issues

• Administer various sales incentive plans by performing incentive calculations utilizing various data resources, including review of sales data, sales dispute resolution with managers, decision making and product assessment to arrive at determined conclusions, and providing reporting to individual sales team members, management, and Finance

• Owns full life cycle of conducting job analysis, evaluation and salary administration to determine appropriate salary grades, ranges, and pricing based on internal and external equity

• Work closely with HR business partners and Talent Acquisition teams on proposals for new hire offers, promotions, and adjustments

• Deliver accurate, complete and timely submission of required reports, documentation, forecasts and analyses

• Support industry market survey submission process as needed. Conduct and participate in compensation surveys

• Review survey results and proactively provide the analysis of market trends and recommendations for any changes in our structure or individual adjustments based on the data

• Provide market research when needed

• Facilitates and manages the equity-based grants and awards processes

• Develop documentation for compensation processes and procedures

• Assemble and distribute recurring reporting for Finance and Compensation for proper accrual management and expense forecasting exercises

• Design and prepare ad hoc compensation related reports

• Work under limited supervision as a collaborative team member and independent contributor to support the Compensation and HR team

• Work in conjunction with Payroll to research compensation and incentive payment issues

• Research sales incentive payment discrepancies, resolve issues and communicate to sales organizations on matters such as sales plan interpretation and compliance with guidelines

• Conduct ad-hoc analysis and modeling when appropriate

• Leads or assists with review and implementation of HRIS compensation-related items in HR systems

Qualifications

• Must be able to work in a fast-paced changing environment and be able to use independent judgment for decisions that may not be straightforward

• Knowledge of compensation principals, programs, practices

• Strong technical knowledge of excel required including development of spreadsheets with formulas, functions, pivot tables

• Demonstrate advanced computer skills, incorporating the ability to effectively leverage technology

• Ability to prioritize and handle multiple projects at once

• Ability to handle sensitive HR information with high degree of confidentiality and discretion

• Must be detail oriented with strong analytical skills and be able to present analytical data in an easily understandable format

Supervisory Responsibilities

• None

Education and/or Experience

• Bachelor's degree in Business or Human Resources Management or equivalent experience; CCP a plus

• A minimum of 3 to 5 years of experience in Human Resources and direct experience / exposure in compensation

• Experience in banking or financial services industry is preferred

• Experience with Workday is preferred

.

Computer and Software Skills

• Microsoft office suite

• Advanced Excel skills

• SQL preferred but not required

• Google Suite Experience (Docs, Sheets)

• Salesforce experience preferred

• Workday experience preferred

Equal Opportunity Statement

Enterprise Bank & Trust is committed to helping individuals with disabilities participate in the workforce and ensuring equal opportunity to apply and compete for jobs. If you need an accommodation in order to apply for a position at Enterprise Bank & Trust please contact Human Resources at.

Enterprise Bank & Trust is committed to managing our business and community relationships in ways that positively impact our associates, clients, and the diverse communities where we work and live. We are proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, gender identity or protected veteran status and will not be discriminated against on the basis of disability. All employment offers are contingent upon the applicant successfully completing both drug and background check screenings. If you would like more information about your EEO rights as an applicant under the law, please download the Equal Employment Opportunity is the Law poster HERE.