TARGET: 150K range plus bonus (salary dependent on experience)
LOCATION: Florham Park, New Jersey
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.
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
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.
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.
relevant experience designing and implementing sales compensation plans
managing and administering equity and long-term plans
with MS Office, especially advanced Excel
experience with HR systems including oversight of HRMS and reporting
for building efficient processes
knowledge of the regulatory environment surrounding compensation
precise verbal skills, esp. written communications
attention to detail with a predilection for accuracy
in an HR discipline: CCP, CSCP, PHR, SHRM-CP
Experience in a
financial services institution and the variable pay designs within them
Decusoft Compose or other compensation system
Ability to be
attend high-level cross-functional meetings as the SME for all things
compensation and HRIS