Manager, Compensation Programs

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🕒 July 25

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Velera

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

💼 Consulting

📣 Marketing

💳 Fintech

Consulting • Marketing • Fintech

Velera is a company that provides a wide range of solutions for financial institutions, focusing on payment and banking technology. The company offers services in digital card issuance, digital wallets, and provides a co-op pay network and ATM terminal driving. Velera integrates sophisticated scoring and decision-making tools for fraud prevention and identity authentication. It also offers strategic consulting services for growth and marketing. Velera positions itself as a partner in digital banking and financial technology innovation.

📋 Description

• Manage the development, testing, implementation, administration, and continuous improvement of enterprise compensation programs, including annual merit, bonus, performance management, mid-year promotions and pay review, and total rewards statement processes. • Manage the annual compensation planning cycle, including salary increases, incentive funding, market adjustments, salary structure administration, and related cost and accrual estimates. • Lead the annual bonus program (VIP) to ensure alignment with organizational objectives and pay-for-performance philosophy. • Lead the annual performance management process, including system administration, testing, communications, training, timelines, and reporting. • Oversee the development, testing, and distribution process of annual Total Rewards Statements. • Partner with HRIS, Payroll, Finance, Technology, and other stakeholders to support compensation-related systems, process enhancements, and operational effectiveness. • Develop and deliver compensation program communications, leader resources, training materials, and presentations. • Ensure compensation programs comply with applicable laws, regulations, governance standards, and company policies. • Analyze compensation and performance program effectiveness, utilizing market data, workforce metrics, and organizational insights to recommend improvements. • Create and maintain dashboards, executive reports, and key performance metrics related to compensation programs. • Support salary structure management, pay equity analyses, and compensation governance initiatives. • Provide consultation and guidance to HR Business Partners and business leaders regarding compensation programs, policies, and practices. • Lead special projects and strategic initiatives, including process redesign, system implementations, integrations, and organizational changes supporting the VP, Compensation and SVP, Total Rewards. • Maintain program documentation, procedures, and internal controls to ensure consistency, accuracy, and operational excellence.

🎯 Requirements

• Bachelor's degree in human resources, Business Administration, Finance, Accounting, IT, or a related field preferred. • Certified Compensation Professional (CCP), or similar certification preferred. • Ten (10) or more years of progressive direct compensation experience required. • Seven (7) or more years leading compensation programs (i.e. annual bonus, merit, performance management). • Two (2) or more years experience overseeing Compensation direct reports or a team. • Seven (7) or more years experience working with compensation programs and structures, HRIS, reporting, and incentive compensation systems. • Workday experience preferred. • Experience partnering with senior leaders and cross-functional stakeholders in a complex business environment required. • Strong project management skills required. • Experience performing compensation analyses, incentive modeling, forecasting, and financial evaluations required. • Experience partnering with senior leaders and influencing compensation-related decisions.

🏖️ 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