What are the responsibilities and job description for the Compensation Manager position at Madison-Davis, LLC?
Salary: up to $140K base
- Develop and implement compensation strategies and programs that align with the bank's goals and objectives.
- Conduct market analysis to ensure competitive compensation packages.
- Design and manage salary structures, incentive plans, and bonus programs.
- Ensure compliance with federal, state, and local compensation laws and regulations.
- Collaborate with HR and management to address compensation-related issues and provide guidance.
- Conduct regular reviews and audits of compensation programs to ensure effectiveness and equity.
- Prepare and present compensation reports and recommendations to senior management.
- Stay updated on industry trends and best practices in compensation management.
- Manage the year-end compensation process including bonus and merit pool analysis and enhancement of related year-end processes and communication.
- Work closely with the Finance department for budgeting and forecasting, and other functional areas, as it relates to Compensation.
- Proficiency in statistical analysis and data interpretation, predictive modeling, and market benchmarking.
- Provide support for the preparation of materials for the Leadership Development and Compensation Committee of the Board of Directors.
- Provide material support for the preparation of compensation disclosures in the bank’s annual proxy statement, as well as the bank’s annual report.
Salary : $140,000
