Compensation Benefits Manager

About Us

At Biz2Credit, we seek individuals who are eager to join a dynamic and innovative fintech company on a mission to transform the lending landscape for small businesses. Our values of Collaboration, Responsibility, Empowerment, Disruption, Innovation, and Trust guide everything we do, and our purpose of helping small businesses succeed drives us forward.

As a company, we believe that with the right tools and support, small business owners can achieve their dreams, and we're here to make that happen. That's why we're dedicated to developing cutting-edge solutions, like our Biz2X platform, a fully configurable SaaS solution that leverages artificial intelligence and machine learning to make lending more efficient, effective, and accessible.

But we're more than just another FinTech company. We're a team of individuals who bring our unique personalities, backgrounds, and experiences to work every day. We believe that diversity makes us stronger, and that's why we value a culture that is inclusive and supportive. We're looking for people who are excited about the opportunity to make a difference, want to work in an environment that is both challenging and fun, and are eager to bring their whole selves to work.

So, if you're someone who is eager to join a company that is making a real impact, who values a positive and inclusive workplace culture, and who is ready to be a part of a team that is changing the lending landscape, we want to hear from you. Come join us and be a part of something truly special at Biz2Credit.

About the Role:

The Compensation and Benefits Manager is responsible for delivering, implementing, and maintaining our compensation and benefits programs. This role ensures that compensation and benefits programs are competitive, equitable, and aligned with industry standards while also supporting organizational goals and growth initiatives. The ideal candidate is organized, enjoys working with numbers, and has a customer-service mindset to support employees with payroll-related questions.

Key Responsibilities:

Compensation

• Maintain employee compensation data within HRIS/payroll systems, ensuring timely updates for merit increases, promotions, transfers, and market adjustments.
• Manage semi-monthly payroll processing.
• Collect and review employee data (new hires, terminations, compensation changes, deductions, etc.) for payroll accuracy.
• Prepare payroll files and coordinate with payroll vendors for timely submission and funding.
• Manages a competitive compensation structure that aligns with organizational goals and promotes internal equity
• Conducts market analysis and benchmarking to ensure that compensation packages remain competitive and compliant with industry standards
• Oversee the annual salary review process, ensuring consistency, fairness, and transparency in pay adjustments
• Develops and maintains job descriptions and classification systems to ensure accurate job evaluation and compensation recommendations
• Guides on compensation-related issues, including merit increases, bonuses, and incentive programs

Benefits Management

• Manages and administers employee benefit programs, including health, dental, vision, retirement, leave, and wellness benefits
• Lead benefits open enrollment, employee education, and vendor/carrier management.
• Ensures compliance with regulatory requirements, including ERISA, FMLA, HIPAA, and ACA
• Evaluates and recommends improvements to the benefits package to enhance employee satisfaction and retention
• Assess and recommend enhancements to benefits offerings to support retention and employee well-being

Compliance & Best Practices:

• Stays up to date on federal, state, and local regulations related to compensation, benefits, and employment law
• Ensures the company remains compliant with all applicable laws and industry standards
• Recommends and implements best practices to drive continuous improvement in compensation and benefits programs

Employee Communication & Education:

• Serve as subject matter expert, guiding employees and managers on compensation and benefits
• Develop clear communication materials (total rewards statements, benefit guides) to enhance employee understanding and engagement
• Facilitate informational sessions or workshops on compensation and benefits programs.
• Partner with Finance and Legal teams to resolve issues efficiently.

Data Analysis & Reporting:

• Analyzes compensation and benefits data to identify trends, assess program effectiveness, and recommend improvements
• Develops and maintains reports on compensation and benefits data to inform management decision-making
• Provides periodic updates and insights to senior leadership on compensation-related metrics and program performance
• Manage quarterly and year-end processes including W-2s and other filings

Qualifications

• Bachelor’s degree required or a minimum of six years directly related experience required
• Minimum four years’ experience in compensation and benefits management required
• Strong knowledge of compensation and benefits strategies, trends, and best practices required
• Certification in Compensation (CCP) or Benefits (CEBS) preferred
• Experience in financial services
• Familiarity with multi-state payroll including knowledge of payroll laws and compensation principles.

Skills & Abilities

• Excellent analytical and problem-solving skills with the ability to interpret complex data and make recommendations
• Strong understanding of compensation structures, benefits programs, and labor laws (ERISA, FLSA, ACA, etc.)
• Proficient in compensation and benefits software (e.g., Paychex, Paylocity, ADP)
• Advanced Excel skills required
• Exceptional communication skills, with the ability to communicate complex information clearly and effectively
• Strong attention to detail, organizational skills, and the ability to manage multiple priorities in a fast-paced, growing environment