What are the responsibilities and job description for the HR Compensation Specialist position at First Home Mortgage Corporation?
Position Overview:
We are seeking a meticulous and collaborative HR professional to manage the documentation and compliance aspects of our compensation structures, including commission-based pay, employer stock options, and payroll compliance. This role is pivotal in supporting our sales and leadership teams by ensuring accurate and timely compensation documentation, while also contributing to general HR functions. The ideal candidate will possess a strong understanding of payroll systems, FLSA regulations, contract management, and document control, and be comfortable with flexible work hours to meet the needs of our dynamic business environment.
Responsibilities:
Commission Documentation & Compliance:
- Draft, review, and maintain clear and compliant documentation for commission-based compensation plans, ensuring alignment with company policies and legal standards.
- Collaborate with the payroll team to ensure accurate and timely processing of commission payments, providing necessary documentation and support.
- Work closely with the in-house attorney to ensure that all commission agreements comply with applicable laws and regulations.
- Monitor and update commission structures to remain competitive and compliant with industry standards.
Equity Compensation Documentation:
- Assist in the administration of employee stock option programs, including drafting and maintaining documentation related to eligibility, vesting schedules, and compliance.
- Coordinate with the payroll team to ensure accurate reporting and taxation of stock options.
- Collaborate with the legal team to ensure that all equity compensation agreements comply with applicable laws and regulations.
Contract & Document Management:
- Draft, review, and manage compensation agreements, ensuring clarity and compliance with company policies and legal standards.
- Maintain organized records of all compensation-related documents, ensuring easy retrieval and confidentiality.
- Collaborate with legal counsel to ensure that all compensation agreements comply with applicable laws and regulations.
HR Generalist Support:
- Provide support in various HR functions, including recruitment, onboarding, employee relations, and performance management.
- Assist in the development and implementation of HR policies and procedures.
- Support the HR team in organizing training sessions and employee engagement activities.
On-Call Support:
- Be available to provide after-hours, weekend, night, and holiday support to sales and leadership teams as needed.
- Respond promptly to compensation-related inquiries and issues, ensuring minimal disruption to business operations.
Requirements:
- Bachelor’s degree in human resources, business administration, finance, or a related field.
- Minimum of 5 years of HR experience, with a focus on compensation, payroll, and equity programs.
- Strong knowledge of FLSA regulations and payroll compliance.
- Experience in drafting and managing compensation agreements and contracts.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and HRIS systems, including ADP.
- Excellent organizational skills and attention to detail.
- Strong communication and interpersonal skills.
- Ability to work independently and manage multiple priorities in a fast-paced environment.
- Flexibility to work outside of regular business hours as needed.
Preferred Qualifications:
- Certification in Compensation (e.g., Certified Compensation Professional - CCP).
- Experience with equity compensation plans, including stock options and RSUs.
- Familiarity with document management systems and contract lifecycle management.
Other Duties: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Benefits Offered: First Home Mortgage offers a competitive benefits package to includes medical, prescription, dental, and vision plans. Additional benefits include basic life and AD&D, short-term and long-term disability, along with voluntary life and AD&D options. Expanded options include an employee assistance program, 401 (k) retirement account, emergency travel assistance, identity theft protection, and charitable giving match. All pricing and employer contributions are available upon request in the HR offices.
Job Type: Full-time
Pay: $69,000.00 - $80,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- AD&D insurance
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
- On call
Ability to Commute:
- Middle River, MD 21220 (Required)
Ability to Relocate:
- Middle River, MD 21220: Relocate before starting work (Required)
Work Location: Hybrid remote in Middle River, MD 21220
Salary : $69,000 - $80,000