Job details
Job type full-time
Full job description
Firstbank lubbock bancshares began with the vision of one man, barry orr, and a promiseBarry promised his wife and friends that he would start a bank that would become profitable through relationships, hard work and determination`it is our goal to be the best community bank in the lubbock area,` states barry orr, chairman & ceo`we knew we could help build a better lubbock by serving the needs of customers our way.`
The senior compensation manager provides strategic compensation guidance and direction to the organizationThis role collaborates with htlf business line leaders and hr leaders to design, develop, and implement effective and competitive compensation strategies, plans, and programs to support the organization’s objectivesThis position utilizes an understanding of the organization to support the various business lines in designing compensation programs that are effective in driving resultsThe senior compensation manager also manages the administration of htlf`s compensation programs to ensure they are aligned consistently with company policies and government regulations through audits, legal and risk reviews.
Primary responsibilities
Responsible for the implementation, education, and administration of all of the various compensation and incentive plan programs.
Provides strategic compensation analysis and develops presentations using data metrics to effectively inform senior level leaders of the effectiveness of the organization’s compensation plans.
Proactively identifies and interprets compensation trends and provides guidance and advice on the impact to the organization.
Performs deep analysis on effectiveness of existing compensation programs and recommends innovative alternatives to address the organization’s objectives, market pressure, and employee needs.
Designs reward programs in collaboration with business line leaders that are consistent with the organization’s compensation philosophy.
Advises on and ensures compliance with applicable laws and regulatory requirements that are compensation related.
Manages the annual salary budget processes in collaboration with financeResponsible for the maintenance of the adaptive budget system.
Develops relationships with consultants and performs vendor management as it relates to compensation programs and policies.
Establishes and maintains benchmark market evaluation to continue regional and national pay structuresDirects participation in appropriate industry and regional surveys and manages the periodic compensation analysis process using market survey data.
Develops and implements effective communication tools to educate managers and employees on compensation practices and programs.
Assists in the preparation of compensation related materials for presentation to hr leadership.
Leads the annual merit and bonus compensation processOversees the incentive bonus database quarterly and distribution of data to senior management and bank presidents.
Partners with talent management director on the annual performance review process to ensure alignment to the organization`s pay for performance philosophy.
Manages job evaluations using market data and internal evaluation and regularly analyze market position of jobs to maintain market competitiveness and internal equity.
Responsible for administering the organization’s long term incentive plan.
Collaborates with the benefits manager to communicate and drive understanding of the organization`s total rewards strategy.
Acts as the main point of contact for total compensation issues and when needed, partners with other hr leaders for resolution.
Oversees data management in compensation-related technology solutions (e.gJob structures, codes, titles, flsa, eeo, incentive eligibility).
Conducts training on topics that are compensation, incentive, flsa or equity related as needed.
Schedules compensation studies for external departments, disseminating work appropriately to the team, and creating deadlines.
Supports activities related to the hris system functionality, including but not limited to testing of technology updates.
Remains current on all personnel policies, programs and practices and stays informed of new and pending laws and regulationsEnsures compliance with federal and state laws, including reporting requirements.
Maintains professional and technical knowledge by attending education workshops, reviewing professional publications, establishing personal networks, and participating in professional societies.
Completes annual e-learning plan and bank secrecy act (bsa) training as assigned and keeps up-to-date knowledge of bsa as it relates to the job function.
Secondary responsibilities
Performs other duties as assigned.
Management responsibilities
Works with department staff on individual professional development and career development opportunitiesFacilitates team members in creating individual goals and development plans that align with the department goals.
Works with htlf`s talent acquisition team to identify and hire the most qualified and talented individuals to fill open positions.
Provides information and on-going feedback to department staff regarding expectations and performance, salary adjustments and/or promotions.
Addresses and resolves all performance concerns and issues in a timely manner.
Prepares and conducts annual performance reviews within established deadlines.
Coaches and develop employees to achieve full potential and provide opportunities that enhance career growth.
Qualifications
Bachelors accounting, business administration/management, finance, human resources management required or
Or related field required
7-10 years of experience working in a strategic compensation role required
Experience in a financial services organization preferred
Experience in designing compensation programs that attract and retain employees and drive performanceAbility to assess data and statistics to provide recommendations for new strategies and programsRequired
Strong process facilitation and problem-solving skills with inquisitiveness to pursue rationale behind practices and inform future actionRequired
Aptitude and drive to access, analyze, and present data in an accurate, timely, and actionable mannerRequired
Knowledge of state and federal laws/regulations related to compensation and general human resources practicesRequired
Excellent interpersonal and communication skills, particularly in building relationships at all levels of the organizationRequired
Ability to quickly and accurately research issues and propose solution or course of actionConfidentiality - ability to maintain the confidentiality of sensitive company and personal informationRequired
Must be able to adapt to a rapidly changing work environment and manage competing demands in a productive mannerRequired
Excellent analytical skills in preparing comprehensive reports and interpreting dataRequired
Proficiency utilizing ms office software, advanced knowledge of excelRequired
Experience with software research, implementation and administrationRequired
Workday-hris and reporting experiencePreferred
Ccp - certified compensation professional preferred
Shrm - cp certified professional - society for human resource management - shrm preferred
Scheduled weekly hours:
40
Time type:
Full time
