Senior Compensation Partner (Sales Incentives) - Remote

Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated fintech solutions provider. The company serves more than 4,000 financial institutions throughout North America, operating with velocity to help our clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Our purpose: We accelerate partners’ success through innovative financial technology solutions and inspired service.

The Opportunity:

The Senior Compensation Partner – Sales is responsible for managing Velera’s sales compensation programs and overseeing monthly and quarterly incentive payouts in alignment with business strategy. This role focuses on designing incentive structures that drive performance and support organizational goals. Key responsibilities include coordinating, developing, and maintaining sales incentive plans; partnering with Sales and Finance leadership to evaluate plan effectiveness; and ensuring compliance with internal policies and external regulations. The role also contributes to broader compensation initiatives such as benchmarking, job evaluations, and annual compensation planning.

Day in the Life:

• Coordinate the design of sales incentive plans, ensuring alignment with company strategy and performance goals.
• Process monthly and quarterly sales incentive commission payouts.
• Collaborate with Sales, Finance, and HR Business Partners to model and forecast incentive payouts.
• Monitor plan effectiveness and recommend adjustments based on performance metrics and market trends.
• Communicate plan details clearly and timely manner to sales teams and leadership.
• Conduct competitive analysis and benchmarking of sales compensation practices.
• Support annual compensation processes, including merit, bonus, and equity planning.
• Present compensation recommendations and insights to HR and business leaders.
• Ensure compliance with internal policies and external regulations (e.g., FLSA, pay equity).
• Advise HR Business Partners and leadership on pay decisions, promotions, and salary adjustments.
• Evaluate roles using grading methodologies (e.g., MarketPay, market pricing) to determine appropriate job levels and salary structures.
• Review and refine job descriptions to ensure accurate classification and alignment with industry standards.
• Analyze salary relationships across similar roles to identify inconsistencies and promote pay equity.
• Provide compensation modeling and analysis for workforce changes such as mergers, acquisitions, restructurings, or consolidations.
• Recommend compensation adjustments to retain key talent during organizational changes.
• Interpret compensation data to identify trends and develop strategic recommendations.
• Prepare reports and presentations highlighting key sales compensation trends and strategies.
• Perform other duties as assigned.

Qualifications:

• Minimum of five years of direct compensation experience, including at least three years in sales compensation administration, required.
• Experience with Workday preferred.
• Familiarity with MarketPay is a plus.
• Experience with salary surveys, job evaluations, and incentive programs required.
• Proven ability to consult and collaborate with HR partners, managers, and senior leaders on compensation matters.

Education:

• Bachelor's degree in HR, Finance, or related field preferred.
• CCP certification is a plus.

About Velera

At Velera we are committed to fostering a workplace where every employee feels valued, respected, and connected. We understand, attract and engage a diverse workforce where every employee can live up to their full potential; ensuring that our employee base reflects the consumers we serve. The result of this effort is an inclusive environment where diverse talent thrives. We strive to foster a safe and inclusive work environment for people to bring their authentic selves in order to build a better community within our company and with our partners.   Learn more about our commitment to Diversity, Equity, and Inclusion HERE!

Pay Equity

to

Actual Pay will be adjusted based on experience and other job-related factors permitted by law.

Great Work/Life Benefits!

• Competitive wages

• Medical with telemedicine

• Dental and Vision

• Basic and Optional Life Insurance

• Paid Time Off (PTO)

• Maternity, Parental, Family Care

• Community Volunteer Time Off

• 12 Paid Holidays

• Company Paid Disability Insurance

• 401k (with employer match)

• Health Savings Accounts (HSA) with company provided contributions

• Flexible Spending Accounts (FSA)

• Supplemental Insurance

• Mental Health and Well-being: Employee Assistance Program (EAP)

• Tuition Reimbursement

• Wellness program

• Benefits are subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions

Velera is an Equal Opportunity Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state or local law.

Velera is an Equal Opportunity Employer that complies with the laws and regulations set forth in the following "EEO is the Law" Poster. Velera will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the legal duty to furnish information.

Velera is an E-Verify Employer. Review the E-Verify Poster here.  For information regarding your Right To Work, please click here.

This role is currently not eligible for sponsorship.

As an ongoing commitment to reasonably accommodate individuals with disabilities please contact a recruiter at [email protected] for assistance.