Benefits and Compensation Manager

4 weeks ago

Charlotte, United States Chatham Financial Full time
Overview:

We don't simply hire employees. We invest in them. When you work at Chatham, we empower you - offering professional development opportunities to help you grow in your career, no matter if you've been here for five months or 15 years. Chatham has worked hard to create a distinct work environment that values people, teamwork, integrity, and client service. You will have immediate opportunities to partner with talented subject matter experts, work on complex projects, and contribute to the value Chatham delivers every day.

The Benefits and Compensation Manager is responsible for supporting the implementation, communication, and administration of our competitive compensation and benefit programs. This role will support the annual compensation cycle, compensation projects and may lead projects independently, as assigned. This role will also lead the Benefits team and further enhancements to our plan designs, offerings and Wellbeing program. This position is responsible for in-depth analysis of internal and external compensation and benefits data, partnering with and providing consultative guidance to HRBPs, business managers, and executives on compensation and benefits related matters, working with cross-functional teams on various projects and initiatives, developing solutions, and ensuring compliance with all federal, state, and local laws/regulations. This position reports to the Director of People Operations & Total Rewards and has one direct report, a Sr. Benefits Specialist.

Your Impact:

A successful individual will play a crucial role in ensuring fair and competitive compensation and benefits practices or programs. In the first year of the role, you will be responsible for analyzing salary data, evaluating job positions, and participating in the development of our compensation strategy while getting to know our benefit and leave programs as well as develop relationships with our partners. In year two and three, we will shift focus from comp to expanding and growing our wellbeing and recognition programs. This role has a high degree of collaboration across the organization while supporting the progressional growth and satisfaction of our employees.

In this role you will:

Compensation
  • Partner with our Compensation Committee in the development of our Compensation Strategy and philosophy
  • Monitor, maintain, provide recommended enhancements to our market price tool and compensation management system
  • Support the annual compensation planning process, with an emphasis on systems and analytics from baseline analysis through communication and payment execution. Inclusive of planning, execution, and maintenance of our compensation management system
  • Aid in the design and development of sophisticated compensation reporting; conduct research, quantitative analysis, data modeling, data mining, and the presentation of data to see beyond the numbers and understand trends to drive strategic decisions around people
  • Collaborate with internal stakeholders and system owners, ensuring data integrity, comprehensive analysis and interpretation
  • Maintain job classifications in collaboration with HR Management Systems team (HRMS) to facilitate compliance with regulatory requirements (FLSA, pay transparency, pay equity, workers comp, etc.), salary administration; evaluate new job titles and conduct ongoing reclassification as applicable
  • Ensure accurate reporting and compliance with applicable US and international laws and regulations; current geographies include several states within the US, Toronto, UK, Poland, Netherlands, Australia, and Singapore
  • Collaborate with HR Business Partners, Talent Acquisition and business leaders to support their decision making with market analysis to determine competitiveness of pay; make recommendations for hires, promotions and compensation adjustments as aligned with our compensation philosophy
  • Assist in the development of detailed job descriptions based on a thorough review and evaluation of jobs
  • Develop and implement communication and training of our compensation programs for recruiters, human resources professionals and managers to promote understanding and transparency
  • Aggregate data to participate and manage the company's participation in third party and government salary and/or total rewards surveys
  • Performs other duties as assigned
US Benefits
  • Partner with the International Benefits Manager in the harmonization and control of benefits and Wellbeing practices globally
  • Manage all US benefit programs, policies and initiatives including international benefits for expats and third country nationals; monitors market competitiveness and makes improvement recommendations accordingly
  • Keep abreast of insurance provider coverage and insurance requirements to include working with brokers to analyze utilization and claims data, identify trends/issues, and resolve escalated coverage questions and problems
  • Lead our Benefit Committee through our renewal process, make recommendations on adjustments or new programs, with an emphasis on the international lens to ensure equitable programs are offered and competitive in the respective geographies; maintain the annual Retirement Committee meeting schedule and participates in discussions
  • Analyze benefit utilization data, evaluate program effectiveness, and recommend adjustments to enhance the overall benefits package's value proposition
  • Lead the carrier/vendor marketing process (includes collaboration with our Total Rewards team and Brokers as well as assisting with the implementation of new vendors and/or carriers)
  • Partner with our Brokers in the development of benchmarking reports, benefits dashboards, and summarized findings
  • Support oversight on the administration of the organization's benefits program including health and welfare, 401(k), leaves of absence, wellness program, workers' compensation, etc.
  • Lead the annual 5500 audits for health and wellness; partners with Payroll and HRIS Leader for retirement audits locally and internationally
  • Contribute to the completion of accurate financial reports in a timely manner
  • Oversee our Leave of Absence programs and benefits, both locally and internationally
  • Collaborate with Total Rewards team and Wellbeing committee to enhance and further develop Chatham's wellbeing programs and offerings; staying up to date on trends to drive engagement
  • Ensure compliance with applicable laws, regulations and reporting requirements related to employee benefits
Contributors to your success:
  • Required:
  • Bachelor's degree in Human Resources, Business Administration, Finance, or related discipline
  • 5+ years of progressive professional experience in the area of Compensation and Benefits
  • A minimum of 3+ years of experience in compensation program management and analysis, including experience with job architecture
  • Thorough knowledge of FMLA, ADA, State Mandates, ERISA, HIPPAA, COBRA, etc.
  • Position occasionally requires the ability to work extended hours and weekends during peak season (active compensation cycle)
  • Knowledge of compensation principles and procedures
  • Proficiency with Microsoft Office Suite; Advanced to Expert level experience with Excel
  • Ability to analyze and compile complex data and present effective summaries and reports
  • Proficiency with HRIS and talent management systems
  • Ability to travel 15-25% to the Kennett Square, PA headquarters (likely quarterly, but as business needs necessitate)
  • Preferred:
  • Experience with SAP Veritas Prime Compensation Module
  • Expertise in design, development, implementation, and administration of all types of compensation programs
  • Excellent written and verbal communication and interpersonal skills
  • Experience with project coordination and management
  • Strong financial, analytical, and auditing skills and experience using analytical and problem-solving skills to build effective programs
  • Ability to develop positive relationships and communicate effectively across all levels, internal and external to the organization

About Chatham Financial:

Chatham Financial is the largest independent financial risk management advisory and technology firm. A leader in debt and derivative solutions, Chatham provides clients with access to in-depth knowledge, innovative tools, and an incomparable team of over 700 employees to help mitigate risks associated with interest rate, foreign currency, and commodity exposures. Founded in 1991, Chatham serves more than 3,500 companies across a wide range of industries - handling over $1 trillion in transaction volume annually and helping businesses maximize their value in the capital markets, every day. To learn more, visit chathamfinancial.com.

Chatham Financial is an equal opportunity employer.

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