Compensation and Benefits Manager
3 weeks ago
Position Overview:
We are seeking a talented and experienced Compensation & Benefits Manager to join our Human Resources team. The ideal candidate will be responsible for developing, implementing, and managing the company’s compensation and benefits programs. The Compensation & Benefits Manager will play a crucial role in ensuring that our compensation and benefits packages are competitive, equitable, and aligned with our strategic objectives.
Key Responsibilities:
Compensation Strategy & Analysis:
- Help lead new job architecture project
- Develop and implement competitive compensation strategies that attract and retain top talent.
- Conduct regular market analysis to ensure our compensation packages remain competitive.
- Design and manage incentive programs, bonus structures, and other compensation-related initiatives.
Benefits Administration:
- Oversee the administration of US employee benefits programs, including health, dental, vision, retirement, and wellness programs.
- Evaluate and recommend improvements to the benefits offerings to ensure they meet the needs of our diverse workforce.
- Partner with benefits providers to negotiate contracts and ensure cost-effective solutions.
- LOA management
Compliance & Reporting:
- Ensure compliance with federal, state, and local laws and regulations related to compensation and benefits.
- Prepare and submit required reports, filings, and disclosures related to compensation and benefits.
- Stay updated on industry trends, best practices, and legislative changes affecting compensation and benefits.
Employee Communication & Education:
- Communicate compensation and benefits information to employees effectively through various channels.
- Conduct educational sessions and workshops to help employees understand their compensation and benefits packages.
- Respond to employee inquiries and resolve issues related to compensation and benefits in a timely manner.
Collaboration & Stakeholder Management:
- Collaborate with senior leadership, finance, and other departments to align compensation and benefits strategies with business goals.
- Build strong relationships with external vendors, consultants, and industry peers to stay informed and leverage best practices.
- Lead or participate in cross-functional HR projects and initiatives as needed.
Qualifications:
- Bachelor’s degree in Human Resources, Business Administration, Finance, or related field; Master’s degree or HR certification (e.g., SHRM-CP, PHR, CEBS) is a plus.
- Minimum of 7 years of experience in compensation and benefits management, preferably in the financial services industry.
- Strong knowledge of compensation practices, benefits administration, and regulatory compliance.
- Excellent analytical, problem-solving, and decision-making skills.
- Exceptional communication, interpersonal, and leadership abilities.
- Proficiency in HRIS, MS Office, and other relevant software tools.
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