Manager, Compensation Programs
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Job Description
Manager coordinating compensation programs at Velera, a leading fintech solutions provider. Responsible for developing and improving compensation programs to align with organizational strategy.
Responsibilities:
- Manage the development, testing, implementation, administration, and continuous improvement of enterprise compensation programs, including annual merit, bonus, performance management, mid-year promotions and pay review, and total rewards statement processes.
- Manage the annual compensation planning cycle, including salary increases, incentive funding, market adjustments, salary structure administration, and related cost and accrual estimates.
- Lead the annual bonus program (VIP) to ensure alignment with organizational objectives and pay-for-performance philosophy.
- Lead the annual performance management process, including system administration, testing, communications, training, timelines, and reporting.
- Oversee the development, testing, and distribution process of annual Total Rewards Statements.
- Partner with HRIS, Payroll, Finance, Technology, and other stakeholders to support compensation-related systems, process enhancements, and operational effectiveness.
- Develop and deliver compensation program communications, leader resources, training materials, and presentations.
- Ensure compensation programs comply with applicable laws, regulations, governance standards, and company policies.
- Analyze compensation and performance program effectiveness, utilizing market data, workforce metrics, and organizational insights to recommend improvements.
- Create and maintain dashboards, executive reports, and key performance metrics related to compensation programs.
- Support salary structure management, pay equity analyses, and compensation governance initiatives.
- Provide consultation and guidance to HR Business Partners and business leaders regarding compensation programs, policies, and practices.
- Lead special projects and strategic initiatives, including process redesign, system implementations, integrations, and organizational changes supporting the VP, Compensation and SVP, Total Rewards.
- Maintain program documentation, procedures, and internal controls to ensure consistency, accuracy, and operational excellence.
Requirements:
- Bachelor's degree in human resources, Business Administration, Finance, Accounting, IT, or a related field preferred.
- Certified Compensation Professional (CCP), or similar certification preferred.
- Ten (10) or more years of progressive direct compensation experience required.
- Seven (7) or more years leading compensation programs (i.e. annual bonus, merit, performance management).
- Two (2) or more years experience overseeing Compensation direct reports or a team.
- Seven (7) or more years experience working with compensation programs and structures, HRIS, reporting, and incentive compensation systems.
- Workday experience preferred.
- Experience partnering with senior leaders and cross-functional stakeholders in a complex business environment required.
- Strong project management skills required.
- Experience performing compensation analyses, incentive modeling, forecasting, and financial evaluations required.
- Experience partnering with senior leaders and influencing compensation-related decisions.
Benefits:
- Competitive wages
- Medical with telemedicine
- Dental and Vision
- Basic and Optional Life Insurance
- Paid Time Off (PTO)
- Maternity, Parental, Family Care
- Community Volunteer Time Off
- 12 Paid Holidays
- Company Paid Disability Insurance
- 401k (with employer match)
- Health Savings Accounts (HSA) with company provided contributions
- Flexible Spending Accounts (FSA)
- Supplemental Insurance
- Mental Health and Well-being: Employee Assistance Program (EAP)
- Tuition Reimbursement
- Wellness program
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