Director Compensation

Date Active

Mar 9, 2023 9:48:37 AM

Requisition #

23-1232

Hours Per Week

40

Location

WP Hamilton-00WPH

City

White Plains

State

New York

Job Description/ Requirements

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer. 

 

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

 

In this position, you will provide expert guidance and analysis in support of our compensation function. This role can potentially include analysis and design of executive compensation, creation and deployment and communication of compensation initiatives, and high-level analyses of jobs, hourly wages, salaries, and incentives in order to evaluate internal equity and external competitiveness. This position will be responsible for ensuring compensation programs are fair, equitable, and consistently administered.

 

RESPONSIBILITIES:

 

Provides expertise and guidance to HR Business Partners and line managers including executive leaders to determine compensation related solutions; actively works to ensure compensation practices are understood and supported, and align with business strategy.

Review proposed pay adjustments for conformity to established guidelines, policies, and practices.

Monitor and review the effectiveness of existing compensation policies and programs and work in conjunction with Managing Director to develop new plans/strategy in support of company objectives.

Audit job descriptions for content and update/prepare job descriptions to reflect rapidly changing lines of business.

Assists in administration of annual compensation review process, including short and long term incentive calculations.

Prepares analysis of annual salary survey results for client group and recommends compensation actions based on results.

Partners with HR Business Partner, Payroll, and Talent Acquisition team as needed.

Serves as a mentor to team members; proactively sharing knowledge, use of tools, processes, and methodologies in complex research, data collection, and analytics

Ensure compliance with all regulations, policies, and procedures.

 

REQUIREMENTS:

 

For this position, you must have at least 8 years of experience as a compensation professional with knowledge of current compensation practices and trends including market analysis. Experience with executive compensation a plus.

Experience in financial services/banking industry preferred.

Experience working with WorkDay strongly preferred.

 

Candidates with advanced degrees (Associates, Bachelor’s, and/or Master’s) preferred, yet a High School diploma or GED is required.  Candidates with some combination of coursework and experience, or else extensive related professional experience, are eligible for consideration.

CCP preferred.

Strong analytical and critical thinking skills to analyze data, draw conclusions and create presentable, understandable reports that will be used for executive decision-making.

Strong agility with numbers and highly detail-oriented.

Ability to take direction but also assertively exercise independent thought and judgment.

Ability to perform multiple tasks within a fast-paced, team-oriented and lean environment.

 

 

The estimated salary range for this position is $130,000 to $160,00 USD annually. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

 

 

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Equal Opportunities