The Compensation Consultant will support the Compensation Team at Seacoast Bank, focused on designing, administering, communicating, reporting on and monitoring broad-based compensation programs across the bank which may include job levels/grades, pay structures, formulaic / annual incentive plans, merit/salary increases, reward/recognition programs and other compensation related initiatives.
The Compensation Consultant will be an expert on broad-based compensation matters and in data, reporting and analytics, being able to use data/analytics to answer questions on compensation-related initiatives.
Develop and implement compensation strategies to ensure competitiveness, appropriate connection between pay and performance, and compliance with legal and regulatory requirements.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Perform data analysis on all compensation-related topics such as market pricing/job grading of exempt and non-exempt roles, job leveling, design and administration of short-term incentive plans.
- Consult and partner with Human Resources Business Partners (HRBPs) and the business throughout the compensation lifecycle which includes job evaluation/analysis, merit program, incentive plan design, and other compensation related topics.
- Conduct job analysis, evaluation, salary administration and FLSA assessments to determine appropriate salary grades, ranges, and pricing based on internal and external equity.
- Present analysis to HR partners, managers and leaders through presentations and executive summaries.
- Complete survey submissions for annual and ad hoc salary surveys and utilizes results for salary planning, salary structures and job evaluations.
- Lead Compensation/HR related projects with cross-functional partners to drive change.
- Prepares and maintains job classifications and salary grades.
- Provide project management support for many compensation and incentive initiatives.
- Assists in the preparation of meeting materials for the Incentive Oversight Committee (IOC).
- Works to develop audits on employee compensation and position data and develop other ad hoc reports as needed.
- Respond to HR and LOB compensation analysis requests on an ad hoc basis.
- Adhere to Seacoast Bank’s Code of Conduct.
EDUCATION AND/OR EXPERIENCE:
- Bachelor's degree in HR, I/O Psychology, business administration, etc., or equivalent experience
- Minimum of 5-7+ years in role in Compensation, HR, Incentive Plan, or Sales Performance, or other role with strong HR analytical focus
- Financial Services / Banking experience is highly preferred
- Experience with UKG HR System is highly preferred
- Knowledge and understanding of the banking industry including regulatory compliance requirements surrounding incentive compensation and risk management is highly preferred
- Must possess strong analytical skills and have previous experience in data analytics, modeling, reporting, etc.
- Expert in Microsoft Excel (familiar with Power Query, PowerPivot, complex pivot tables, data filtering, lookups, formulas, etc.), Power BI (or similar), Word and PowerPoint.
- Excellent verbal and written communication skills, with the ability to create associate/leader ready presentations in Microsoft PowerPoint/Word with the ability to clearly communicate complex topics and solutions in a simple, logical and impactful manner.
- Solid compensation and incentive functional knowledge and understanding of compensation processes and data, including experience creating and maintaining job classifications and salary bands.
- Familiarity with compensation, labor and employment laws.
- Ability to work with highly confidential information.
- Solid understanding of reporting tools
- Strong communication, written and oral
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What We Do
Since 1926, Seacoast Bank has succeeded through a clear vision, planned strategic growth and talented, professional employees. Seacoast provides integrated financial services including commercial and consumer banking, wealth management and mortgage services to customers at 85 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast Bank is the wholly owned subsidiary bank of Seacoast Banking Corporation of Florida (NASDAQ: SBCF), one of the largest community banks headquartered in Florida and is Member FDIC/Equal Housing Lending. As of 2023, Seacoast Bank has just under 1,600 associates, $15 billion in assets and $12 billion in deposits. Our Vision: To be the trusted advisor of choice to the customers, businesses, and communities we serve. Our Four Promises: We believe that our greatest assets will always be our people — local bankers who are knowledgeable about the communities we serve and dedicated to an exceptional customer experience. For nearly a century, Seacoast Bank’s commitment to customers has remained the same and is summarized by its Four Promises. We promise to: 1. Get you comfortable with the right products and the right team to serve you 2. Make your day-to-day banking simple 3. Resolve out-of-the-ordinary items responsively 4. Invest in you and your community Please note: This page is intended to be an informational place for our customers and employees to connect and interact. To ensure that visiting our LinkedIn page is a great experience for everyone, we have a several guidelines that we ask you to follow. The Seacoast Bank Social Media Terms Of Use can be viewed at https://www.seacoastbank.com/agreements-and-disclosures/social-terms.
