Columbia Bank New Jersey · 1 week ago
VP, Head of Total Rewards
Fair Lawn, NJ, US
Full-time
Hybrid
Senior Level, Lead/Staff
$158K/yr - $237K/yr
10+ years expColumbia Bank New Jersey is seeking a VP, Head of Total Rewards who will partner with business leaders and HR teams to design, implement, and administer comprehensive compensation programs. The role involves providing strategic guidance to ensure that compensation programs support organizational objectives and comply with relevant laws and regulations.
BankingFinancial ServicesMortgage
Responsibilities
Lead design, implementation, and administration of broad-based compensation programs
Ensure compliance with federal, state, and regulatory standards
Maintain pay structures, incentive programs, and market pricing using salary surveys and benchmarking tools
Conduct compensation research, analytics, and modeling to support total rewards strategies
Recommend enhancements and automation to improve processes and maintain competitiveness
Develop clear communication and documentation for HR partners and leaders
Oversee the job data program, including partnering with business leaders to conduct job evaluations and organizational development, ensuring consistency and alignment with organizational standards
Serves as a subject matter expert in all broad-based compensation programs
Produce regular and ad-hoc reports for management, audit, regulators, and government agencies regarding compensation and benefits programs
Develop process documentation, instructions, and resources to assist HR business partners, Talent Team, and leaders as it relates to compensation
Manages commission plans and administers calculations for payroll
Administer executive compensation programs, including equity and restricted stock awards
Oversee documentation and systems to ensure accuracy and compliance for all executive compensation processes
Reports on the performance of compensation programs and provides analysis to Senior Management and Compensation Committee
Administer the merit program, ensuring alignment with performance management and business strategy
Provide guidelines, tools, and training to support managers in merit decision-making
Analyze merit cycle data to refine program effectiveness
Administer quarterly and annual scorecards in support of the PAIP program
Partner with business leaders on ensuring proper dissemination of scorecards and communications and assist employees in understanding scorecards and pay for performance philosophy
Manages annual incentive programs both Exempt and Non-Exempt
Manage equity and deferred compensation programs, including Restricted Stock, ESOP, and related plans
Oversee administration platforms and transactions (grants, exercises, releases, terminations)
Monitor share pool levels and ensure compliance with regulatory requirements
Overall ownership and administration of Restricted Stock, Employee Stock Ownership and Equity Programs
Responsible for analysis and evaluation of competitive market information and research of external labor market trends
Partner with HR leadership and Bank leaders to advise on compensation decisions, job leveling, and promotions
Lead, mentor, and develop direct reports and team
Exercise the usual authority of a manager including staffing, performance evaluations, promotions, training, salary recommendations, terminations, and budget approval
Performs other job-related duties as assigned
Qualification
Required
Bachelor's degree in Human Resources, Business, Finance, or related field
Minimum 10 years of compensation experience, including program management
Expertise in equity and incentive plan administration
Strong communication skills and ability to influence within all levels of the organization
Strong knowledge of compensation theory and relevant laws (FLSA, Equal Pay Act, ADA)
Proven ability to design and implement compensation programs aligned with strategic goals
Experience in a publicly traded bank and regulatory reporting
Excellent project management skills
Strong leadership and interpersonal skills with the ability to work across all levels of the organization
Advanced Microsoft Excel skills with abilities to build pivot tables, formulas including V-Lookup and strong skills in other Microsoft Office Suite applications
Preferred
Master's degree or related professional certifications (e.g., CPP) preferred
Benefits
Medical, Dental, Vision and Rx which are contributory.
Bonus programs.
Employee Stock Option Program (ESOP).
Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
Paid Time Off (PTO) which includes Personal and Vacation Time.
Paid Sick Time.
Bank Holidays.
Employees may participate in the 401k program.
Company
Columbia Bank New Jersey
Columbia Bank New Jersey is a bank that offers home mortgages and home equity loan services in New Jersey.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2018-04-23IPO
Leadership Team
P
Peter Michelotti
Vice President
Recent News
Company data provided by crunchbase