Overview

To administer and support Navy Federal’s Compensation Program ensuring its ability to attract, retain and motivate qualified employees. As a member of the Compensation Build, Design and Compliance team, the Sr. Compensation Consultant will lead development direction, execution, and administration of compensation programs ensuring compliance with legal and regulatory requirements. Serve as a partner to the Compensation Delivery team and leadership on best practices related to base pay programs, incentive plans, compensation planning, systems and compliance. Drive creative thinking and provide in-depth insight during project planning, analysis, facilitation and execution of compensation initiatives and human resource initiatives. Work collaboratively to identify opportunities to improve compensation processes, systems, and tools to support the achievement of business goals and objectives.

Responsibilities

• Provide proactive guidance and consult with the Compensation Delivery team and leadership on compensation programs or initiatives of considerable impact within a business unit &/or across the organization

• Serve as a trusted advisor to Compensation Delivery, HR, and leaders in establishing strategic direction for compensation programs

• Conduct market analyses and competitive benchmarking to inform compensation design and strategy recommendations

• Proactively partner with the Compensation Delivery team to develop and implement system solutions that streamline compensation operations

• Serve on teams and task groups for programs or initiatives of considerable impact within the business unit &/or across the organization

• Prepare complex summaries, analyses, reports, charts, graphs, instructions, memoranda, and manuals/reference materials

• Stay abreast of and ensure compliance with applicable federal, state and industry laws, regulations, and guidelines

• Assist in the development and maintenance of executive compensation programs, ensuring they are competitive and aligned with best practices

• Analyze existing variable incentive plans to assess their alignment with organizational goals and employee performance

• Support the preparation of materials and analyses for executive compensation reviews

• Develop, cultivate, and maintain relationships with HR Technology in support of Navy Federal's Compensation Program

• Develop tools, templates, and resources to streamline compensation processes and communication

• Deliver clear and concise communication materials for HR team members, managers and employees, ensuring transparency and understanding of compensation programs and policies

• Research, gather and synthesize data; present conclusions and recommendations to management and/or team members

• Develop, modify, and execute Navy Federal policies, standards, and processes

• Perform other duties as assigned

Qualifications

• Advanced knowledge of compensation principles, practices, and techniques

• Significant experience in compensation planning and incentive plan development

• Significant knowledge of laws and regulations affecting compensation practices such as FLSA, Title VII, Equal Pay Act, Age Discrimination in Employment Act and Americans with Disabilities Act

• Significant experience in analyzing and administering job, market, and salary evaluation programs

• Responsible for maintaining awareness and knowledge of market conditions and trends to support compensation programs, processes, and initiatives for the enterprise and/or a specific client area

• Significant experience working and participating in cross-functional, multi-dimensional teams and projects

• Significant experience in independently managing or administering a function or project

• Significant experience in leading, guiding and mentoring less experienced staff

• Significant experience managing multiple priorities independently and distributing work to team members to ensure deadlines are met

• Significant experience creating professional presentations to deliver and educate compensation concepts and initiatives to the general employee population

• Advanced experience in identifying relevant analytical problems, determining appropriate diagnostic methods, and solving unique and complex issues/problems

• Advanced knowledge of the relationships between Compensation, other HR functions and business operations

• Experience working in an HRBP model

• Working knowledge of Navy Federal's functions, philosophy, operations, and organizational objectives

• Knowledge of systems and software used at Navy Federal

• Certified Compensation Professional (CCP) certification

• Advanced skill demonstrating thought leadership in providing vision & strategic thinking to technical decisions/issues

• Advanced skill presenting findings, conclusions, alternatives, and information clearly and concisely

• Advanced skill building effective relationships through rapport, trust, diplomacy, and tact

• Advanced skill influencing and building consensus with business partners

• Bachelor's Degree in Human Resources or the equivalent combination of training, education, and experience

Desired Qualifications

• Familiarity with Navy Federal's functions, philosophy, operations and organizational objectives

• Experience with mergers/acquisitions

• Previous consulting experience in an HR related Consulting firm

• CCP certification

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.

• Best Companies for Latinos to Work for 2024

• Computerworld® Best Places to Work in IT

• Forbes® 2024 America's Best Large Employers

• Forbes® 2024 America's Best Employers for New Grads

• Forbes® 2024 America's Best Employers for Tech Workers

• Fortune Best Workplaces for Millennials™ 2024

• Fortune Best Workplaces for Women ™ 2024

• Fortune 100 Best Companies to Work For® 2024

• Military Times 2024 Best for Vets Employers

• Newsweek Most Loved Workplaces

• 2024 PEOPLE® Companies That Care

• Ripplematch Recruiting Choice Award

• Yello and WayUp Top 100 Internship Programs

From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

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.

REQNUMBER: 22874