Director Of Total Rewards

in Professional Services
  • Bethesda, Maryland View on Map
  • Salary: $140,000.00 - $200,000.00
Permanent

Job Detail

  • Experience Level Director
  • Degree Type Associate of Arts (AA)
  • Employment Full Time
  • Working Type Hybrid
  • Job Reference 0000017427
  • Salary Type Annually
  • Industry Banking
  • Selling Points

    Drive impactful rewards strategies that align with organizational goals and culture. Collaborate with leadership to design competitive compensation and benefits programs. Lead compliance efforts for payroll and benefits systems.

Job Description

Overview

  • Lead the development and execution of a comprehensive Total Rewards strategy aligned with organizational goals and culture.
  • Collaborate with leadership and the Board of Directors to ensure strategic alignment and effective decision-making.
  • Design and administer competitive compensation and benefits programs, including executive compensation and incentive plans.
  • Ensure compliance with legal and regulatory requirements related to compensation, payroll, and benefits.
  • Utilize data-driven approaches to develop innovative and cost-effective solutions for employee rewards.
  • Promote employee growth and wellbeing through strategic investments in benefits and rewards programs.
  • Foster a high-performance culture by aligning rewards strategies with organizational objectives.
  • Support diversity, equity, and inclusion initiatives through equitable rewards practices.

Key Responsibilities & Duties

  • Develop and implement compensation strategies, including market analysis and benchmarking.
  • Manage payroll systems and ensure accurate processing and compliance with tax regulations.
  • Oversee benefits program design, funding, and administration, ensuring competitiveness and cost-effectiveness.
  • Provide consultative guidance to management on compensation practices and strategies.
  • Lead the development of executive compensation plans and equity programs.
  • Ensure compliance with laws and regulations governing compensation, benefits, and payroll practices.
  • Analyze and present data to support strategic decision-making and program effectiveness.
  • Collaborate with HRIS teams to optimize systems and processes for rewards management.

Job Requirements

  • Bachelor’s degree in Human Resources, Business Administration, or related field required; Master’s degree preferred.
  • Minimum of 10 years of experience in compensation, benefits, HRIS, and payroll.
  • At least 5 years of leadership experience in a publicly traded company.
  • Advanced knowledge of laws and regulations governing compensation and benefits.
  • Proficiency in payroll systems, taxation, and benefits administration.
  • Strong analytical skills and proficiency in Microsoft Excel for data manipulation.
  • Experience with self-funded plans and benefits program design preferred.
  • Demonstrated ability to develop innovative and market-competitive rewards solutions.
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