Job Description
Overview
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
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
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
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, 8:30AM - 5:00PM
Locations: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive, Pensacola, FL 32526 | 141 Security Drive, Winchester, VA 22602
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.
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• 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: 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.
Job Tags
Internship, Monday to Friday,