Manager Compensation

Posted 13 Days Ago
Be an Early Applicant
Hiring Remotely in WA
Remote
111K-206K Annually
3-5 Years Experience
Fintech • Financial Services
We are a not-for-profit organization guided by the credit union philosophy of “people helping people."
The Role
As the Manager of Compensation at BECU, you will shape the compensation strategy to attract, retain, and motivate talent. You will oversee base pay programs, lead annual incentive programs, and collaborate with business leaders on compensation issues, ensuring alignment with corporate goals.
Summary Generated by Built In

As the nation's largest community credit union, we begin every day focused on delivering superior financial products and services for our 1.3 million members and more than $30 billion in managed assets. Our work has an economic impact as we support our members' financial goals. We are unapologetic about being devoted to our members and the communities we serve. Our business is guided by our people helping people philosophy – which includes our team members. 
BECU has been in business for more than 85 years, driven by unwavering core values and a dedication to improving the communities we serve. While we have a rich history, the future of our company, accelerated by business and technology transformation, is even brighter. There's never been a better time to work for BECU.

To learn more visit becu.org/careers.

PAY RANGE

The Target Pay Range for this position is $142,800.00-$174,400.00 annually. The full Pay Range is $111,000.00 - $206,200.00 annually. At BECU, compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer for employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.

BENEFITS

Employees and their eligible family members have access to a wide array of employee benefits, such as medical, dental, vision and life insurance coverage. Employees have access to disability and AD&D insurance. We also offer health care and dependent care flexible spending accounts, as well as health savings accounts, to eligible employees. Employees are able to enroll in our company’s 401k plan and employer-funded retirement plan. Newly hired employees accrue 6.16 hours of paid time off (PTO) on a per pay period basis based on hours worked (up to a maximum of 160 PTO hours per year) and receive ten paid holidays throughout the calendar year. Additional details regarding BECU Benefits can be found here.

IMPACT YOU’LL MAKE:


As the Manager of Compensation at BECU, you will play a pivotal role in shaping our compensation strategy to attract, retain, and motivate our talented workforce. Your leadership will ensure that our base compensation programs are not only efficient and effective but also aligned with our corporate goals. By collaborating with key stakeholders, you’ll create an environment where employees feel valued and rewarded for their contributions, helping to drive BECU’s success.

***This role is eligible for remote work in WA, OR, ID, AZ, TX, SC, GA.

WHAT YOU’LL DO:

  • Manage Base Pay Programs: Oversee the Credit Union’s overall base pay compensation programs including merit cycle, leading modeling, analyses and recommending changes to salary structures and grades to ensure fairness and competitiveness.

  • Manage Annual Incentive Programs: Lead administration of annual incentive programs for employees and leaders, serving as the primary contact for inquiries related to program administration and policies.

  • Advise Business Leaders: Partner with business leaders to provide guidance on compensation issues, crafting solutions that align business goals with compensation strategies, and reviewing complex compensation cases.

  • Job Design and Evaluation: Manage job design and evaluation processes, ensuring job descriptions, leveling, and titling meet current needs while revising processes as necessary to stay relevant.

  • Manage Salary Surveys: Oversee the external compensation market survey strategy, ensuring timely completion and evaluation of survey data to keep BECU competitive in the marketplace.

  • Participate in Performance Management: Engage in cross-functional performance management processes, contributing to system development that enhances employee performance evaluations.

  • Provide Coaching and Mentoring: Offer ongoing coaching and training to foster employee growth, conducting regular performance evaluations using established competencies.

  • Ensure Compliance: Maintain a comprehensive understanding of federal, state, and local compensation laws, ensuring all practices meet legal requirements and industry standards.

  • Stay Informed on Trends: Keep up-to-date with compensation developments and trends, recommending adjustments to compensation programs as needed to stay competitive.

  • Perform Additional Duties: Take on new challenges and responsibilities as assigned, contributing to the team’s overall effectiveness.

This isn’t just about ticking off tasks on a list. It's about making a significant, positive change in BECU’s journey, where your contributions are valued, and your growth is continually fostered.

WHAT YOU’LL GAIN:

  • A collaborative culture that values your insights and contributions

  • The chance to influence compensation strategies that affect all employees

  • A supportive environment that encourages innovative thinking

QUALIFICATIONS:


Minimum Qualifications:

  • Bachelor’s degree in business or human resources or equivalent work or educational experience.

  • Typically requires 4 years of relevant experience and 1 year of management experience.

  • Experience working with broad base compensation programs with application of conceptual, analytical, and problem-solving skills.

  • Advanced spreadsheet and database/reporting skills.

Desired Qualifications:

  • Advanced degree preferred.

  • Experience with Workday.

  • Certification in CCP preferred.

  • Variable and/or executive compensation experience.

  • Experience leading project teams.

  • Excellent verbal and written skills required to effectively communicate and provide customer service.

JOIN THE JOURNEY:


Ready to make an indelible impact? Eager to be part of a collaborative and innovative team where your ideas and contributions don’t just fill a role, but fuel the growth and success of BECU? This is more than a job—it’s a chance to elevate your career, skills, and future, all while contributing to the robust technological landscape of BECU.

Embrace the opportunity to grow with us. Apply now, bring your expertise to the table, and let’s achieve excellence together at BECU. Your journey of influence, innovation, and impactful contribution starts now. #BECU #YourGrowth #BECUJourney


EEO Statement:


BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.

The Company
HQ: Tukwila, WA
3,000 Employees
Hybrid Workplace
Year Founded: 1935

What We Do

As a member-owned, not-for-profit financial cooperative, we are guided by the credit union philosophy of “people helping people.” Putting people over profit guides our everyday business decisions. Unlike many financial institutions, we aren’t privately owned. As a cooperative, we are owned by our members. This drives us to do right by the member, and right by each other as coworkers. We display this in our working culture, in our day-to-day choices to ensure both members’ and employees’ needs are met. Imagine what this type of commitment could do for your work satisfaction.

Why Work With Us

We are a team-first culture that ensures every employee has the opportunity to learn and grow. We are diving headfirst into a technology transformation.

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