Thursday, May 6, 2021

Director of Compensation - Florham Park, NJ - Full-time

OPEN POSITION: Director of Compensation

SALARY TARGET: 150K range plus bonus (salary dependent on experience)

LOCATION: Florham Park, New Jersey


Our confidential client is an established and successful full-service financial institution with over $15 billion in assets.  They are seeking a Director of Compensation in their Florham Park, NJ headquarters.

The Director of Compensation will manage and develop a variety of compensation plans and functions.  They will also oversee the HRIS function.  Additionally, this person acts as a subject matter expert on issues surrounding general compensation for all associates, including those on sales/commission-based compensation plans.

  • Plan Design: Own process of plan approval, assuring all plans are tracked through implementation. Build incentive plans and commission plans, drafting plan design and codifying it into plan documents. Actively engage business leaders, Risk Management, and Legal to resolve issues and formalize plans. Alert relevant management when shifts in the regulatory environment may require plan modification.
  • Plan Administration: Own all aspects of variable pay administration, including all Incentive and Commission plans. Provide detailed analysis of projected payouts, high-level issue resolutions, workflow management and all related processes through incentive payout.
  • Plan Communication and Documentation: Create and maintain standard templates related to variable pay administration for, but not limited to, plan design, payout communications, notification, accruals, and payout analyses. Track all plan documents, and advise when plans need periodic revisiting.
  • Plan System Administration: Be the primary administrator of the compensation systems platform. Act as SME on any issue surrounding the systems. Enter plans and cycles into the system, assuring that business rules and calculations are accurate. Be the primary contact with the vendor to assure operational integrity of the systems.
  • Merit Administration: Manage the annual focal point merit cycle, including planning, system cycle construction, end user materials preparation, launching, answering questions, compiling and analyzing results, assuring complete accuracy in the compensation changes.
  • HRIS Management:  Interface with technology vendors to resolve operational issues. Work with internal and external counsel to assess compliance of end user interfaces.  Manage an HRIS Analyst.


  • BA/BS in Business, HR, or analytic discipline.
  • 10+ years relevant experience designing and implementing sales compensation plans
  • Experience managing and administering equity and long-term plans
  • Expert skills with MS Office, especially advanced Excel
  • Significant experience with HR systems including oversight of HRMS and reporting platforms
  • A predilection for building efficient processes
  • Current expert knowledge of the regulatory environment surrounding compensation
  • Clear and precise verbal skills, esp. written communications
  • Meticulous attention to detail with a predilection for accuracy
  • Certification in an HR discipline: CCP, CSCP, PHR, SHRM-CP
  • Experience in a financial services institution and the variable pay designs within them
  • Experience with Decusoft Compose or other compensation system
  • Ability to be attend high-level cross-functional meetings as the SME for all things compensation and HRIS