Compensation And Benefits Manager

About The Role

The Compensation and Benefits Manager is responsible for designing, implementing, and managing Maverick Power’s total rewards programs to attract, motivate, and retain top talent while ensuring internal equity, external competitiveness, and compliance with applicable laws. This role plays a critical strategic and operational role in aligning compensation and benefits programs with Maverick Power’s business objectives, financial goals, and growth trajectory. The ideal candidate brings strong analytical capability, deep technical expertise in compensation and benefits, and the ability to partner effectively with leadership, HR, finance, and external vendors.

Responsibilities

• Compensation: Establish, launch, and continuously evolve Maverick Power’s Total Rewards strategy, including compensation philosophy, governance, and pay practices aligned with business strategy and market conditions.
• Design, implement, and administer base pay, incentive, and variable compensation programs that support performance, accountability, and operational excellence.
• Conduct regular market pricing using salary surveys and benchmarking tools to ensure competitive and equitable pay structures across roles, levels, and geographies.
• Develop and maintain salary structures, job grades, and pay ranges; provide recommendations for adjustments based on market data, internal equity, and budget considerations.
• Partner with leadership and HR business partners on compensation decisions related to hiring, promotions, transfers, and organizational changes.
• Support annual compensation planning cycles, including merit increases, bonus planning, and budget modeling.
• Analyze compensation trends, wage and salary data, and internal metrics; prepare reports and recommendations for leadership.
• Ensure compliance with federal, state, and local compensation-related regulations, including FLSA, pay equity, and wage transparency requirements.
• Benefits: Research, evaluate, and recommend competitive benefits offerings that align with Maverick Power’s workforce needs, culture, and cost objectives.
• Oversee the design, administration, and ongoing management of benefit programs, including medical, dental, vision, life insurance, disability, retirement plans, and wellness initiatives.
• Serve as the primary point of contact and strategic partner for benefits brokers, carriers, and third-party administrators; oversee vendor performance and service delivery.
• Lead annual benefits renewal and open enrollment processes, including plan analysis, cost modeling, employee communications, and implementation.
• Develop and deliver clear, effective employee communications regarding benefits programs, changes, and enrollment timelines.
• Ensure benefits programs comply with applicable laws and regulations (e.g., ERISA, ACA, COBRA, HIPAA).
• Monitor benefits utilization, costs, and trends; identify opportunities for program enhancements and cost containment.
• Total Rewards Operations & Governance: Assist with the operational management of total rewards programs to ensure alignment with organizational goals, budgets, and employee expectations.