Director of Total Rewards

Responsibilities

• Serves as strategic partner to leadership and the Board of Directors, designing and executing a data-driven Total Rewards strategy that reinforces the Bank's mission and drives a high-performance culture.
• Directs the research, development, implementation, and administration of compensation and benefit plans, including production-based incentive plans, executive compensation, self-insurance health benefits, and other employee benefit programs.
• In a consultative manner, guides management regarding the application of sound compensation practices.
• Manages compliance of legal and regulatory requirements associated with compensation, payroll, and benefits programs.

Requirements

• Bachelor’s Degree in Arts/Sciences (BA/BS) in Human Resources, Business Administration or similar field
• 10 years related experience in the areas of Compensation, Benefits, HRIS and Payroll
• 5 years of experience in a leadership role
• 5 years experience in a publicly traded Company with executive compensation and equity programs
• 5 years Regulatory Compliance experience
• Advanced understanding of laws and regulations governing compensation, benefits and payroll practices
• Working knowledge of payroll processing, taxation, welfare benefits, and defined contribution benefits
• Extensive knowledge of benefits/401(k) design, funding, administration, financing, reporting and disclosure requirements
• Demonstrated ability to utilize market survey data to develop cost-effective, innovative and market competitive compensation solutions
• Strong HRIS Product knowledge required, ADP preferred
• Strong analytical capabilities including the proven ability to effectively prepare present and communicate analytical results and reports in a business context to facilitate decision-making
• Proficient in Microsoft Office Suite with advanced proficiency in Excel and ability to manipulate large sets of data
• Strong compensation strategy and tactics knowledge
• Comprehensive knowledge of Payroll Systems and related sub-systems
• Understanding of self-funded plans strongly desired
• Strong business math skills

Preferences

• Master’s degree in Arts/Sciences (MA/MS) in a similar field, or the equivalent combination of education and experience
• 3 years Experience working in banking and/or financial institution