- Interprets and then actions the strategy, planning, design and implementation of compensation programs to support the organization's objectives and competitive position in the marketplace. This is inclusive of job architecture, salary structures, annual compensation planning and administration, and short and long-term incentive plan administration. 2. Ensure compliance with employment-related statutory and/or regulatory requirements regarding all pay programs. 3. Evaluates and implements policies and procedures which align the compensation programs with the bank's strategic initiatives. 4. Reviews internal equity, external market competitiveness, and assures compliance with all applicable federal and state laws. 5. Evaluates the market competitiveness of the bank's compensations programs. Participates in wage and salary surveys and utilizing the Market Pay tool. Analyzes external market information against internal compensation levels and makes appropriate recommendations. Ensures that significant market movements in compensation are proactively addressed to ensure the market competitive pay of our associates to ensure the bank is attracting, motivating and retaining high quality, diverse talent. 6. Partners with the HR Business Partners, HRIS and Payroll teams and other key stakeholders to administer the year end compensation cycle, ensuring accuracy of changes as part of the bank's annual compensation process. Provides periodic and special reports to management covering compensation management issues. 7. Maintains all aspects of the job architecture including job descriptions, salary ranges and grades and levels. Proactively works with management staff to understand developments and changes in job responsibilities and assists management with necessary modifications to the job architecture. 8. Provides support to the CHRO and Compensation leader for executive compensation programs, and reporting to the bank's board of directors and leadership staff. Assists Compensation leader in preparation of materials describing compensation programs, pay practices, and performance management programs for internal publications, the intranet, and human resources training programs. Educates management, staff, and other HR professionals regarding compensation policies, practices and strategies. Delivers training programs to CoBank managers and associates covering CoBank's compensation programs.
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Senior Manager, Compensation - Greenwood Village, United States - CoBank
Description
Benefits OverviewA career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business.
When you choose a career with CoBank, you make a difference by standing for something that matters. In order to be the best, we hire the bestRemarkable Benefits Offered by CoBank
Careers with a purpose. Stand for something
Time-Off Packages-15 days of vacation, 10 paid sick days and 11 paid holidays
Competitive Compensation & Incentive
Hybrid work model:
flexible arrangements for most positions
Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
Robust associate training and development with CoBank University
Tuition reimbursement for higher education up to $10,000 per year
Outstanding 401k:
up to 6% matching and additional 3% non-elective contribution
Community Impact:
United Way Angel Day, Volunteer Day and Associate Directed Contribution
Associate Resource Groups:
creating a culture of diversity and inclusion
Recognize a fellow associate through our GEM awards
Job Description
A key enabler of our Flywheel strategy is our ability to have the right talent in the right roles, at the right time.
Working closely with the CHRO and Compensation leader, provides oversight for and administers the compensation programs to support the bank's compensation philosophy.
Assesses market value of positions by evaluating market data and consulting with management about the appropriate positioning of jobs within the bank's job architecture.
Participates in setting strategy for compensation programs and translate business issues into compensation solutions.Essential Functions
Bachelor's Degree Business, Human Resources, Information Technology or related field, required
Work Experience
8 years of experience in compensation, including experience with market analysis, regulatory requirements, and compensation administration. Working knowledge of performance management, human resources systems, human resources administration practices, and executive compensation, required 1.
Strong organizational and project management skills, including the ability to manage workloads and budgets, and prioritize and communicate tasks for multiple projects across the team and for other stakeholders.2.
Demonstrated ability to partner, influence and coach business leaders, HR leaders and other key stakeholders.3. Excellent verbal and written communications and presentation skills.4.Excellent interpersonal skills, with the ability to build effective relationships with all levels of management, staff, external customers and vendors, and to work effectively with diverse teams.5.
Excellent customer service and detail orientation.6. Knowledge of Microsoft Office applications (Outlook, Word, PowerPoint and Excel).About CoBank
The typical base pay range for this role is between $115,745 - $160,943. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.
The listed salary, other compensation and benefits information is accurate as of the date of this posting.
CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.
CoBank is a cooperative bank serving vital industries across rural America.The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states.
The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country.
CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S.
agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.REASONABLE ACCOMMODATION
We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities.
If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing Include your contact information and specific details about your requested accommodation.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.CoBank is an Equal Opportunity Employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.
