Total Rewards Manager
About The Position
The Total Rewards Manager develops, manages, and administers Total Rewards programs that promote team member engagement, ensure the organization’s competitiveness, and align with long-term strategies. The role proactively identifies opportunities to enhance Lake Trust total rewards plans, programs, vendors, and tools to improve employee engagement, experience, and well-being. It manages and administers the Credit Union’s compensation, benefits, payroll, wellness, and HRIS programs. The role drives compensation and benefits philosophy and strategy, partners with Talent Attraction + Engagement team members, hiring managers, and business leaders to leverage technology and create system-driven processes, and develops cost models, forecasts, and plan design recommendations. It researches total rewards policies and programs and recommends enhancements. The role also administers welfare plans, reviews their competitiveness, conducts annual open enrollment and life-event changes, counsels team members on benefit issues and selection, and ensures regulatory compliance.
Requirements
- Thorough knowledge of applicable Human Resource laws and regulatory compliance in compensation and benefits, including ACA, ERISA, FMLA, FLSA, and OHSA.
- Ability to advocate for and engage with team members experiencing difficulty communicating with carriers or vendors, demonstrating customer-centric behaviors.
- High accuracy, attention to detail, ability to meet deadlines, and proven ability to handle confidential information.
- At least 5 years of work experience administering compensation and benefit programs.
- Prior work experience with HRIS programs.
- Tech-savvy, with a high degree of adaptability to adjust quickly to change and priorities.
Nice To Haves
- Certified Compensation Professional (CCP) designation.
- Certified Benefit Professional (CBP) designation.
Responsibilities
- Drive the compensation and benefits philosophy and strategy, including the development and positioning of total rewards programs.
- Partner with Talent Attraction + Engagement team members, hiring managers, and key business leaders to leverage technology and create system-driven processes.
- Develop cost models, forecast analyses, and plan design recommendations for programs, budgets, and tools, including geographic base pay structures, annual merit programs, incentive plans, and compensation benchmarks for new roles.
- Research and analyze total rewards policies and programs and recommend enhancements.
- Manage and administer welfare plans, including health, dental, life, vision, and disability plans.
- Review benefit plan competitiveness and recommend changes to meet Credit Union and team member needs.
- Conduct annual benefit open enrollment and life-event changes.
- Counsel team members on benefit issues and selection.
- Ensure compliance with applicable regulations.
- Administer compensation, benefits, payroll, wellness, and HRIS programs.
Benefits
- 401(k) matching up to 5%.
- Health insurance with wellness incentives.
- Financial wellbeing services.
- Employee wellbeing services.
- DE&I initiatives.
- Work-life balance.
- Energetic team focused on making members successful.
- Supportive colleagues.
- Opportunities to make a difference inside and outside the organization.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
