Manager, Compensation

3 weeks ago

Richmond, United States Tuckahoe Holdings Full time

We take pride in our culture and strive to make Tuckahoe a place where people want to work, achieve excellence, remain curious and humble, and build lifelong relationships.

Tuckahoe Holdings, based in Richmond, VA is a family-run diversified holding company focused on owning middle market companies indefinitely. We partner with business owners, employees and customers who align with our permanent home and people-focused philosophy. We are currently seeking a Manager, Compensation & Benefits to lead the design, implementation, and ongoing management of compensation and benefits programs for Tuckahoe Holdings and its portfolio companies in multiple locations.

POSITION OVERVIEW

This full-time position is based in our Richmond, VA headquarters and reports directly to Tuckahoe’s CHRO. Manages a Benefits/HRIS Analyst and operates within a “Shared Services” model that provides payroll, benefits and HRIS (Workday) administration across our businesses that vary in size and product and service offerings. Is responsible for monitoring/analyzing market trends, developing/designing market competitive benefits and compensation programs and keeping the Company in compliance with all relevant regulations. Collaborates closely with business and HR leadership, Finance/Accounting and other key stakeholders to ensure these programs are aligned with business goals and objectives.

ROLE AND RESPONSIBILITIES
- COMPENSATION_
- Monitor local and national market trends on fixed, annual bonus and long-term incentive compensation programs and practices to ensure Tuckahoe Holdings and its portfolio companies remain competitive and can attract and retain talent.
- Serve as an advisory resource to portfolio company HR teams and managers on all aspects of compensation; support CHRO on the design and review of business unit quarterly and annual incentive plans.
- In conjunction with CHRO, play an active role in administering Tuckahoe’s profits interest and long-term equity incentive programs.
- Manage the annual merit increase and bonus goal setting planning process for the Tuckahoe Holdings HQ staff to include conducting periodic benchmarking analysis as necessary for both base and total cash compensation.
- BENEFITS_
- Monitor national and local trends leading to the design and implementation of competitive/cost effective health & welfare, ancillary, wellness and retirement savings programs.
- In conjunction with CHRO, play an active role in Tuckahoe’s annual benefits strategy and renewal planning process as well as benefits related due diligence on potential acquisitions.
- Provide guidance and support to portfolio company HR teams on the resolution of employee benefits issues, annual benefits enrollment activities, wellness programs and the benefits related aspects of acquisition integrations.
- Oversee and manage plan administration activities for the Tuckahoe 401-K plan including but not limited to annual filings, monitoring investment performance and plan participation and facilitating employee education sessions.
- Manage benefits-related vendor relationships with Tuckahoe’s benefits broker, insurance carriers, the 401-K plan recordkeeper, fiduciary and investment advisor and ERISA counsel.

EXPERIENCE/KNOWLEDGE & SKILL REQUIREMENTS
- Fifteen (15) or more years of experience managing the compensation and benefits functions for a large, multi-location organization; experience in a holding company structure as well as working internationally a plus.
- Bachelor's degree in Human Resources, Business Administration, Finance or a related field; Master's degree or relevant certification (e.g., CEBS, CCP) preferred.
- Strong analytical skills with the ability to interpret complex data and make data-driven recommendations.
- Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams and influence stakeholders at all levels.
- Demonstrated project management skills with the ability to prioritize tasks, manage multiple projects simultaneously and meet deadlines.
- Proficiency in HRIS systems (Workday preferred) and Microsoft Office Suite; strong Excel skills required; experience using compensation planning software/tools and compensation research databases (e.g., ERI, CompAnalyst, Towers).
- Knowledge of relevant laws and regulations such as FLSA, ERISA, ADA, and ACA.
- High level of integrity and discretion in handling protected and confidential information.

We are always on the lookout for people who bring fresh perspective and life experiences to our team.

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