Compensation Consultant

Compensation ProfessionalAnalyzes, designs, implements, and evaluates compensation programs and incentive compensation plans to ensure competitive, equitable, compliant, and business-aligned practices. Supports the full lifecycle of incentive compensation programs, including plan design, governance, administration, risk assessment, reporting, process improvement, technology enablement, and strategic projects. Manages large, moderately complex compensation initiatives, provides consultation and guidance to business leaders and partners, and develops solutions to complex compensation and incentive compensation challenges.Essential Duties and Responsibilities1. Supports the design and administration of compensation programs including salary structures, incentive plans, and pay policies under limited supervision.2. Reviews compensation plans covering base pay, short-term and long-term incentives, allowances, deferred compensation, and sales compensation.3. Analyzes compensation through job analysis, classification, benchmarking, and participation in market surveys.4. Identifies, develops, and supports non-cash rewards and recognition programs to enhance employee engagement.5. Performs analysis of general compensation-related issues and draws from prior experience to make adjustments or recommend enhancements to solve problems.6. Analyzes and reviews competitive compensation assessments and makes recommendations to ensure internal equity and market competitiveness.7. Understands regulatory requirements related to compensation programs.8. Works on large, moderately complex compensation and reward program projects and assignments and provides guidance to lower-level professionals.Qualifications Required Qualifications1. Bachelor's degree or equivalent education, training, and work-related experience.2. Minimum of 5 years of professional experience as a compensation professional.3. Strong working knowledge of compensation programs.4. Proficiency in Microsoft Office applications, especially Excel and PowerPoint.Preferred Qualifications1. Advanced graduate degree in Business, Finance, Human Resources, or related field.2. Experience in the financial services industry.3. Certified Compensation Professional (CCP) designation.4. Project management experience.5. Experience working with HRIS systems and Market Data tools.General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.