Director, Compensation and Benefits
United Negro College Fund - washington, DC
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Job Title: Director, Compensation and Benefits Department: Human Resources Reports To: Vice President of Human Resources Job Description The Director of Compensation and Benefits will lead the development and execution of the organization's compensation and benefits strategy, ensuring alignment with business objectives and compliance with regulatory requirements. This role is essential in attracting, retaining, and engaging top talent by offering competitive and equitable compensation packages and comprehensive benefits programs. ABOUT UNCF The United Negro College Fund (UNCF), the nation's largest and most effective minority education organization, has been an engine of minority educational achievement for more than 70 years. UNCF's mission is to build a robust and nationally recognized pipeline of black students who, because of UNCF support, become highly qualified college graduates. In addition, UNCF ensures that its member institutions remain respected models of best practices in moving students to and through college. Since its inception in 1944, UNCF has raised over $4.5 billion in private support, distributed more scholarships to help minorities attend school than any entity outside of the federal government, and enabled more than 425,000 minority and low-income students to graduate from UNCF's member historically black colleges and universities (HBCUs) and launch professional careers. UNCF is committed to closing the educational attainment gap between African Americans and other populations by increasing postsecondary access and success for students from underrepresented groups, particularly low-income and first-generation students. Primary Responsibilities and Duties Oversee the administration of compensation programs, including base salary, bonuses, and incentive plans. Conduct market research and analysis to ensure competitive compensation structures and `benefits offerings. Develop and deliver training and communication materials to educate employees on compensation and benefits programs. Ensure that appropriate financial planning and forecasting of salary and benefits program expenses are in line with financial budgets. Provide guidance and support to HR teams and management on compensation-related issues, including job evaluations, FLSA and salary negotiations. Develop and implement compensation and benefits strategies that support the organization's goals and foster a high-performance culture. Design and manage benefits programs, including health insurance, retirement plans, and wellness initiatives, ensuring they meet employee needs and comply with legal requirements. Monitor and analyze compensation trends and benefit utilization, making recommendations for improvements as necessary. Ensure compliance with all federal, state, and local regulations related to compensation and benefits. Partner with benefit consultants on renewal strategies, recommendations and execution of services. Lead and mentor the compensation and benefits team, fostering a collaborative and results-oriented environment. Develop and drive a strategy that establishes and enhances HR compliance with internal policies, federal and state laws and regulatory requirements through the creation of programs, internal audit practices and partnerships with key process owners. This includes program regulatory and legal compliance, record keeping, data maintenance and validation and all tiers of support for employee questions and issue resolution. Oversee annual compliance to include non-discrimination testing, 5500, support 990 filing, Medicare part D, EEO, ACA and all annual compliance notices and processes related to health, welfare and retirement plans. Timely payment of all benefits invoices. Oversee payroll function ensuring accurate and timely payroll processing and compliance with relevant laws and regulations. Supervisory Responsibilities Benefits Specialist and Payroll Manager. Qualifications EDUCATION AND EXPERIENCE A bachelor's degree required, Master's preferred with a minimum of 10 years of experience in compensation and benefits management, and a proven track record of developing and implementing successful programs. Strong knowledge of compensation and benefits laws and regulations. Exceptional analytical and problem-solving skills, with the ability to interpret complex data and provide strategic recommendations. Excellent communication and interpersonal skills, with a strong ability to build relationships at all levels of the organization. Experience in leading and mentoring a team, with a focus on professional development and performance management. Proficient in ADP HRIS and compensation management software. OTHER SKILLS AND ABILITIES Ability to drive results. Attention to detail and accuracy. Ability to multi-task, influence, and do the work. Strong commitment to integrity with high standards. Reputation for being a team player with strong collaboration skills. Demonstrated ability to build relationships, gain credibility, influence, and partner with business leaders and peers. Compensation and Benefits Benefits include: Medical, Dental & Vision Vacation, Sick & Personal Leave Life Insurance (Basic & Optional) Flex Spending Accounts 403(b) Retirement Account Holiday Savings Plan Salary Range: $120,000 - $135,000; Salary is commensurate with experience. This is a hybrid position, located in UNCF's Washington DC Headquarters building. UNCF is EOE M/F/D/V
Created: 2024-10-02