Job Summary
This position is responsible for managing the compensation function for the company. The Compensation and Payroll
Specialist recommends, plans, develops, and implements new and revised compensation programs, policies, and
procedures to align with the company’s goals and competitive practices. This position is also responsible for ensuring that
company compensation programs are consistently administered in compliance with internal policies, government
regulations and equity compliant. This position will administer, process, prepare and report on Payroll activities and
participate in any other projects within the HR department.
Essential Duties and Responsibilities
Duties, responsibilities, and activities may change or be assigned at any time with or without notice. To perform this job
successfully, an individual must be able to perform each essential duty satisfactorily.
Payroll Related Duties and Responsibilities
- Process semi–monthly payroll in a multi–state environment, including but not limited to entering of payroll changes, process action forms, analyzes computations of accurate time reporting, pull reports for analysis and provide Executive level reports.
- Partners with other HR staff on post–payroll tasks and processes.
- Initiates, processes and analyzes bonus’s incentives or other special pay events and activities
- Ensures compliance with federal, state, and local compensation laws and regulations.
- Creates, monitors, and reports to leadership KPI’s associated with payroll and pay data.
- Participates in problem solving and special projects within the HR department.
- Other duties as assigned
Compensation Related Duties and Responsibilities
- Evaluate jobs to determine relative pay levels.
- Participates in administration of ongoing wage, salary and/or incentive/bonus review programs.
- Manages the development, implementation, and administration of compensation programs.
- In partnership with leadership helps design creative solutions to specific compensation–related programs and incentive plans.
- Participates in wage, salary and benefits surveys conducted by third party vendors for financial, technical and/or fintech industry; uses spreadsheet and data analysis to assess results and market trends.
- Ensures compliance with federal, state, and local compensation laws and regulations.
- Other duties as assigned
Qualifications
The requirements listed below are representative of the knowledge, skill, and/or ability required.
Technical Skills
To perform this job successfully, an individual should have knowledge of…
- Knowledge of all federal, state, and local regulations and compliance requirements related to employee compensation.
- Strong analytical skills and ability to interpret and communicate data.
- Advanced Excel skills, expert with charts, pivots, v–lookups, able to manipulate, create and present spreadsheets.
- Expected to be the Excel SME. Computer proficiency and technical aptitude with the ability to use MS products.
- Excellent time management skills and ability to plan and set priorities.
- Excellent verbal and written communication skills.
- Strong interpersonal skills in dealing with senior management.
- Knowledge with HRIS systems, working within systems extracting and manipulating data. Must have an ability to produce, analyze and explain reporting data.
Education and/or Experience
Bachelor’s Degree and 3 years’ experience in Business, Finance, Human Resources, Compensation Specialties, or
related experience and/or training; or equivalent combination of education and experience.
Prior compensation experience with a 500+ ee company.
Prior multi–state payroll experience with a 500+ ee company.
Certificates
• Preferred any or all of the following: CCP, CPP, SHRM–CP, SHRM–SCP
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully
perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions.
While performing the duties of this Job, the employee must:
- have the ability to sit for extended periods of time
- have the ability to stand for extended periods of time
- have the ability to perform repetitive finger, hand and arm movement
- have ability to use electronic office equipment such as, computer keyboard and mouse, ten key, telephone, etc
- occasionally stoop, kneel, crouch, or crawl.
- occasionally lift and/or move up to 10 pounds
- have the ability to view and read computer screen for extended periods of time
Work Environment
The work environment characteristics described here are representative of those an employee encounters while
performing the essential functions of this job. While performing the duties of this job, the employee is regularly exposed
to an office work environment – The noise level in the work environment is semi–quiet, with frequent interaction with
team members. If working remotely, the environment may vary depending on individuals work location.