Overview
Level II
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 and human resource initiatives. Serve as an extension of the Compensation Leadership team. Works independently.
Senior
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
Level II
Serve as a leader in establishing strategic direction for compensation programs within one business unit and partner with Human Resource Business Partner (HR BP) to communication compensation programs
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
Conduct job reviews and evaluations while guiding client groups in the development of new jobs and job families
Lead the design and conduct training on programs for employees and management
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
Direct and assign the business unit work to the Compensation Consultants, Analysts and Specialists
Lead, guide, and mentor to less experienced staff align to their business areas
Manage projects of varied scope
Prepare complex 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
Senior
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
Level II
Advanced knowledge of compensation principles, practices, and techniques
Advanced 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
Significant experience in compensation planning and incentive plan development
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
Stay abreast of and ensure compliance with applicable federal, state and industry laws, regulations, and guidelines
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 HR BP 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
Senior
Advanced knowledge of compensation principles, practices and techniques
Advanced 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
Experience working and participating in cross-functional, multi-dimensional teams and projects
Extensive experience in managing multiple priorities independently and/or in a team environment to achieve goals
Significant experience in independently managing or administering a function or project
Extensive experience in handling highly confidential and sensitive situations
Extensive 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
Significant experience in analyzing and administering job, market and salary evaluation programs
Experience in compensation planning and incentive plan development
Effective skill demonstrating thought leadership in providing vision & strategic thinking to technical decisions/issues
Expert verbal and written communication skills
Expert skill presenting findings, conclusions, alternatives and information clearly and concisely
Advanced skill building effective relationships through rapport, trust, diplomacy and tact
Advanced skill speaking and/or presenting in front of groups in a professional setting
Expert organizational, planning and time management skills
Expert word processing and spreadsheet software skills
Advanced database and presentation software skills
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
Senior
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 Ln. Vienna, Virginia 22180 | 141 Security Drive Winchester, VA 22602 | 5550 Heritage Oaks Dr. Pensacola, FL 32526 | 295 Bendix Rd Suite 250 Virginia Beach, VA 23452 | 9999 Willow Creek RoadSan Diego, CA 92131
The salary range for this position is: Level II $76,900 - $138,900 annually | Senior $95,000 - $159,675 annually
About Us
You have goals, dreams, hobbies, and things you're passionate about-what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them-friends, family, and passions. And we're looking for team members who are passionate about our mission-making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:
- Military Times 2022 Best for Vets Employers
- WayUp Top 100 Internship Programs
- ForbesR 2022 The Best Employers for New Grads
- Fortune Best Workplaces for Women
- Fortune 100 Best Companies to Work ForR
- ComputerworldR Best Places to Work in IT
- Ripplematch Campus Forward Award - Excellence in Early Career Hiring
- Fortune Best Place to Work for Financial and Insurance Services
Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability
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: 19044-OTHLOC-300000025804595
