Compensation Consultant

Job Description

Job Description

JOB SUMMARY:

The Compensation Consultant will support the Compensation Team at Seacoast Bank, focused on designing, administering, communicating, reporting on and monitoring broad-based compensation programs across the bank which may include job levels/grades, pay structures, formulaic / annual incentive plans, merit/salary increases, reward/recognition programs and other compensation related initiatives.

The Compensation Consultant will be an expert on broad-based compensation matters and in data, reporting and analytics, being able to use data/analytics to answer questions on compensation-related initiatives.

Develop and implement compensation strategies to ensure competitiveness, appropriate connection between pay and performance, and compliance with legal and regulatory requirements.

• Perform data analysis on all compensation-related topics such as market pricing/job grading of exempt and non-exempt roles, job leveling, design and administration of short-term incentive plans.
• Consult and partner with Human Resources Business Partners (HRBPs) and the business throughout the compensation lifecycle which includes job evaluation/analysis, merit program, incentive plan design, and other compensation related topics.
• Conduct job analysis, evaluation, salary administration and FLSA assessments to determine appropriate salary grades, ranges, and pricing based on internal and external equity.
• Present analysis to HR partners, managers and leaders through presentations and executive summaries.
• Complete survey submissions for annual and ad hoc salary surveys and utilizes results for salary planning, salary structures and job evaluations.
• Lead Compensation/HR related projects with cross-functional partners to drive change.
• Prepares and maintains job classifications and salary grades.
• Provide project management support for many compensation and incentive initiatives.
• Assists in the preparation of meeting materials for the Incentive Oversight Committee (IOC).
• Works to develop audits on employee compensation and position data and develop other ad hoc reports as needed.
• Respond to HR and LOB compensation analysis requests on an ad hoc basis.
• Adhere to Seacoast Bank’s Code of Conduct.

EDUCATION AND/OR EXPERIENCE:

• Bachelor's degree in HR, I/O Psychology, business administration, etc., or equivalent experience
• Minimum of 5-7+ years in role in Compensation, HR, Incentive Plan, or Sales Performance, or other role with strong HR analytical focus
• Financial Services / Banking experience is highly preferred
• Experience with UKG HR System is highly preferred
• Knowledge and understanding of the banking industry including regulatory compliance requirements surrounding incentive compensation and risk management is highly preferred
• Must possess strong analytical skills and have previous experience in data analytics, modeling, reporting, etc.
• Expert in Microsoft Excel (familiar with Power Query, PowerPivot, complex pivot tables, data filtering, lookups, formulas, etc.), Power BI (or similar), Word and PowerPoint.
• Excellent verbal and written communication skills, with the ability to create associate/leader ready presentations in Microsoft PowerPoint/Word with the ability to clearly communicate complex topics and solutions in a simple, logical and impactful manner.
• Solid compensation and incentive functional knowledge and understanding of compensation processes and data, including experience creating and maintaining job classifications and salary bands.
• Familiarity with compensation, labor and employment laws.
• Ability to work with highly confidential information.
• Solid understanding of reporting tools
• Strong communication, written and oral