Finance - Compensation Manager

Job Title: Compensation Manager
Reports To: Director, Financial Planning & Analysis

Job Summary:
The Compensation Manager is responsible for designing, implementing, and managing the organization's compensation programs, ensuring alignment with business objectives, industry standards, and regulatory compliance. This role also oversees the payroll and HCM processes, ensuring seamless integration between systems and driving efficiency. The Compensation Manager partners with HR, Finance, and leadership to ensure equitable and competitive pay practices that support talent attraction and retention.

Key Responsibilities:Compensation Management:

• Design and manage salary structures, incentive plans, and Director/Executive compensation packages.
• Conduct market analysis and benchmarking to ensure competitive and equitable pay practices.
• Oversee job evaluations, classifications, and salary grade assignments.
• Lead the annual merit review, bonus planning, and salary adjustment processes.
• Collaborate with Finance, HR and leadership to align compensation strategies with organizational goals.

Payroll Oversight:

• Oversee payroll processes to ensure accurate and timely employee compensation.
• Ensure payroll system integration with compensation programs and HCM.
• Monitor compliance with federal, state, and local payroll regulations.
• Partner with payroll teams to streamline operations and resolve discrepancies.

HRIS Oversight:

• Manage compensation-related modules within the HCM (e.g., Dayforce).
• Ensure accurate data management and system configuration for compensation and payroll processes.
• Collaborate with HCM System Administrator, IT, HR, and Finance teams to optimize HCM functionality for reporting, planning, and compliance.
• Lead system audits and troubleshoot issues related to compensation and payroll.

Analytics and Reporting:

• Conduct in-depth analyses of compensation trends, pay equity, and market positioning.
• Generate reports on salary benchmarks, budget alignment, and key performance indicators.
• Present findings and recommendations to senior leadership.

Compliance and Policies:

• Ensure compliance with labor laws and regulations, including FLSA, EEOC, and pay equity standards.
• Develop and maintain compensation, payroll, and HCM policies and procedures.

Leadership and Collaboration:

• Provide guidance and training to business partners and managers on compensation matters.
• Lead and mentor a team of compensation analysts, payroll specialists, or HCM administrators (if applicable).

Qualifications:Education and Experience:

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field; Master’s degree preferred.
• 5 years of experience in compensation management, payroll, or HRIS oversight.
• Proven experience in compensation analysis, modeling, and strategy.