The Manager, Compensation & Benefits supervises the work activities of the Compensation Specialist, Payroll, and the HR Generalist-Benefits and is responsible for the organization’s pay and benefits structure. The Manager uses competitive wage rates to develop or modify compensation and incentive plans, and manages outside partners such as benefits vendors, insurance brokers, and compensation consultants. The Manager also ensures all compensation and benefits plans comply with federal and state regulations.
Essential Functions and Responsibilities
Partners with employees and management to communicate various policies, procedures, laws, standards, best practices, and government regulations.
Complies with federal, state, and local employment law by studying new and existing legislation, anticipating new requirements, enforcing adherence to requirements, and advising management on needed actions.
Proactively drives HR Compensation and Benefits strategy within the organization as aligned with business goals.
Manages employee benefits function, working with HR Generalist – Benefits.
Participates in annual insurance renewal and open enrollment process; performs annual benefits premium analysis and presents recommendations to VP, Human Resources.
Designs, recommends and implements new benefits programs and policies.
Assists with managing employee Family and Medical Leave (FMLA), Short-Term Disability (STD) and Long Term Disability (LTD).
Manages compliance with all benefit plans; includes defined benefit plan, traditional 401(k), Roth 401(k), Retiree Reimbursement Account, Pension Plan, Dependent Care FSA, Medical FSA, Affordable Care Act compliance, Workers Compensation, etc.
Ensures compliance with annual IRS 5500 filings, working with various vendors to ensure accuracy and timely completion.
Assists in calculating monthly and quarterly incentive payouts for Business Services, Mortgage Loan Officers, SBA Lending, and Truliant Financial Advisors. Ensures payouts are approved by management and communicated to payroll in time for payout.
Works with outside vendors to administer and direct the compensation program for the Credit Union as well as directing all aspects of the Credit Union’s day-to-day salary administration program.
Assist with external salary surveys or employment surveys as required by various government agencies.
Works with the VP, Human Resources on the annual and mid-year merit increase process.
Prepares compensation and/or benefits reports for various departments and senior management as needed.
Complies with federal, state, and local employment law by studying new and existing legislation, anticipating new requirements, enforcing adherence to requirements, and advising management on needed actions, with input from general counsel.
Evaluates reports, decisions, and results of department in relation to established goals. Recommends new approaches, policies, and procedures to affect continual improvements in efficiency of department and services performed.
Reviews commission or incentive plans annually (Business Services, Mortgage Loan Officers, Truliant Financial Advisors, etc.) and makes recommendations on changes or updates to existing plans based on market analysis and research.
Manages in various benefits and compensation audits and provides information to auditors as needed.
Trains and develops human resources benefits staff to ensure cross-training and job enrichment.
Participates in the annual performance review process, including writing and delivering reviews.
Interviews candidates for open positions, as needed.
Assists in developing department budget and is responsible for adhering to fiscal guidelines.
Other Duties and Responsibilities
Assists with other tasks and projects as assigned.
Knowledge, Skills, and Abilities
Must have strong knowledge of employment laws and practices, more specifically related to compensation and benefits
Must have excellent communication skills in English, both verbal and written
Strong management skills required; both principles and people
Ability to direct staff to accomplish day-to-day tasks required
Must have excellent computer skills, with advanced skills in MS Excel and Word
Must have superior interpersonal skills; ability to get along with diverse personalities; tactful, mature, flexible, compassionate
Must be resourceful and well organized, with strong attention to detail
Good reasoning abilities and sound judgment required
Must be flexible and able to shift resources and priorities as required
Must be able to manage multiple tasks concurrently
Must be able to work in a general office environment
Must have ability to objectively coach employees and management through complex, difficult, and emotional issues
Must have the ability to research and analyze various type of data information
Must have the ability to make recommendations to effectively resolve problems or issues, by using judgment that is consistent with human resources standards, practices, policies, procedures, regulation, or government law
Must be able to maintain confidentiality
Should possess a strong commitment to providing excellent service to Truliant’s members and employees
Occasional standing, walking, bending, and stooping required
Must be able to sit at a desk for long periods of time and use a computer
Must be able to moderately lift or move up to 5 pounds and occasionally lift or move up to 10 pounds
Education and Background
Bachelor’s degree or equivalent required
PHR (Professional Human Resources), or CBP (Certified Benefits Professional) or CCP (Certified Compensation Professional) required, SPHR (Senior Professional Human Resources) preferred
Minimum of 5 years previous human resources experience required
Minimum of 3 years management experience required
Previous experience with Workday HRIS software preferred
Help us build member relationships with effective financial guidance.
Competitive compensation packages
"Best Places to Work" winner the last five years
Benefits include health, 401k, pension and more
A diverse, supportive culture with opportunities for growth
Truliant’s mission is to improve lives by putting our members first, providing great service and straightforward financial solutions. Building trusting relationships with our members by providing financial guidance that aligns with their best interests is how we improve each member’s life. Our teammates make that happen daily.
Our Promise to Our Teammates: Truliant strives to provide all teammates with an enjoyable place to work where they feel valued, empowered and rewarded for all that they do.
Through their diverse perspectives and backgrounds, our teammates come together to craft the best experience for every member wherever they are on their financial journey. Truliant celebrates all of our our differences and our diversity shines through to our members.