What are the responsibilities and job description for the Senior Compensation Consultant position at hrjobs?
Overview
We are currently seeking a Senior Compensation Consultant to lead the development, analysis, and implementation of the Bank’s performance and compensation programs that align with our business objectives. This position is reported to the Director of Compensation and will be responsible for conducting in-depth compensation analyses, supporting salary structures, managing incentive programs, and ensuring compliance with compensation regulations. This is an individual contributor in the compensation function and requires exceptional consultative, analytical and influencing skills along with a strong customer service orientation.
Responsibilities
- Actively participate in the administration and communication of Bank’s performance and compensation activities including annual performance review and compensation planning cycle, sales incentive plan, system implementation, and process improvement as needed
- Conduct compensation analyses to support hiring, promotions, internation transfer, and retention strategies which are market competitive and internally aligned
- Participate in the salary benchmark survey, conduct regular market analysis to ensure the competitiveness of the organization's compensation packages, and proactively provide the analysis of market trends with recommendations.
- Stays abreast of federal, state, and local compensation and payroll ordinances and Bank regulatory requirements ensuring Bank compliance
- Work with Director of Compensation and HR business partners on a variety of projects, including program design, analysis, budgeting, and implementation of new programs as needed.
- Continuously improve compensation processes, systems, and best practices
- Performs other duties as assigned
Qualifications
- Bachelor’s Degree in Finance, Business, Human Resources or relevant field of study
- 5 years professional level broad compensation experience including drafting job descriptions, evaluating jobs, participating in compensation surveys as well as managing salary grades, job families, career ladders and related compensation policies, programs and procedures
- Exceptional knowledge of Excel and extremely strong analytical and quantitative skills and ability to work independently in a fast-paced and rapidly changing environment
- Highly detailed driven with emphasis on accuracy, coupled with the ability to see the broader picture
- Strong interpersonal skills – including excellent written and oral communication skills
- Ability to manage multiple projects and collaborate with cross-functional teams
- Banking industry compensation experience is beneficial and Certified Compensation Professional (CCP) is a plus
Compensation
The base pay range for this position is USD $100,000.00/Yr. - USD $165,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.
Salary : $100,000 - $165,000