What are the responsibilities and job description for the Senior Compensation Consultant position at Navy Federal Credit Union?
Overview
To develop, administer and support Navy Federal's Compensation Program ensuring its ability to attract, retain and motivate qualified employees. Program components include but not limited to : merit and performance management; salary structure, differentials and equity; incentive pay; and job documentation, analysis and evaluation. Serve as business partner to Navy Federal leadership regarding compensation issues such as pay equity, job development and organizational structure to support the achievement of business goals and objectives. Drive creative thinking and provide in-depth insight during project planning, analysis, facilitation and execution of compensation initiatives. Works independently. Lead the most complex / unusual tasks with considerable latitude and impact.
Responsibilities
- Develop, cultivate and maintain relationships with business unit leadership in support of Navy Federal's Compensation Program
- Lead the business planning process (annual / quarterly) with clients to establish compensation and business priorities
- Provide proactive guidance and consult with business unit leadership on organizational structure and / or reorganizations
- Lead job and salary analyses, market pricing and recommend salaries / grade level assignments for new / existing employees according to Navy Federal Compensation methodology
- Design and document jobs through the collection and analysis of information about job responsibilities and requirements
- Design and conduct training on programs for employees and management
- Design and develop programs and practices; make strategic recommendations
- Develop and recommend enhancements to improve operational processes and procedures
- Develop, modify and execute Navy Federal policies, standards and processes
- Identify and address compliance issues; update guidelines and procedures to minimize risk
- Lead, guide and mentor less experienced staff
- Manage projects of varied scope
- Prepare summaries, analyses, reports, charts, graphs, instructions, memoranda and manuals / reference materials for benchmarking purposes or for inclusion in required and ad hoc reports
- Research and respond to internal / external audit requests / projects
- Research, gather and synthesize data; present conclusions and recommendations to management and / or team members
- Stay abreast of and ensure compliance with applicable federal, state and industry laws, regulations and guidelines
- Perform other duties as assigned
Qualifications
Desired Qualifications
Hours : Monday - Friday, 8 : 00AM - 4 : 30PM
Locations : 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive Pensacola, FL 32526 | 141 Security Drive Winchester, VA 22602 | 9999 Willow Creek Road San Diego, CA 92131 | 295 Bendix Rd Suite 250 Virginia Beach, VA 23452 | 11270 St Johns Industrial Parkway South Jacksonville, FL 32246 | 9001 Airport Freeway, 9th Floor Suite 925 North Richland Hills, TX 76180 | 4 Concourse Pkwy, Suite #100 Sandy Springs, GA 30328
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful : Make our mission your passion.
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Equal Employment Opportunity : Navy Federal values, celebrates, and enacts diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Hybrid Workplace : Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
Disclaimers : Navy Federal reserves the right to fill this role at a higher / lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act : Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
