Director Compensation & Benefits (Project Management)
Essential Job Duties and Responsibilities:
- Responsible for the design, implementation, and management of employee benefits programs, including health insurance, retirement plans, wellness initiatives, and leave policies. Monitor trends in employee benefits and recommend innovative solutions.
- Evaluate, manage and negotiate the benefit broker relationship and underlying relationships/contracts with various benefit carriers, the ERISA auditor and benefit outsourcing partners, ensuring service quality and costs meet stated expectations.
- Ensure compensation and benefits programs comply with all federal, state, and local regulations, such as FLSA, ACA, and ERISA. Maintain up-to-date knowledge of benefits legislation and mitigate compliance risks and prepare and manage necessary reports, audits, and filings.
- Define, manage and monitor all enterprise benefit administration processes (including annual open enrollment) to ensure issues are resolved promptly, employee service levels improve over time, manual process work is automated and errors rates are minimized.
- Develop and maintain a company-wide salaried exempt compensation structure and benefit offering that maintains internal equity, competitive positioning, cost effectiveness and legal compliance (including plan documents, SPDs, etc.) This also entails setting guidelines for the annual merit process, annual budget estimates for benefit costs and premium rates that drive employee contributions.
- Provide support and advice, working in tandem with outside compensation consultants, to the Board committees on executive compensation matters. This includes managing the compensation components for the annual Proxy production process.
- Participate in selected compensation surveys to cost effectively obtain an independent data point for compensation benchmarking. Conduct spot analyses with external competitive markets and peer groups for new hires, promotions and as required/requested.
- Lead the company-wide job evaluation process for salaried exempt employees to maintain rating consistency and ensure internal pay equity.
- Manage the annual Long Term Incentive (LTI) and Short Term Incentive Plan (STIP) programs; review/recommend eligibility, maintain accurate data, coordinate and issue as necessary participant communications, manage the payout calculation process.
- Develop a total rewards (internal) marketing and communication approach to regularly educate employees on the value of all benefit and compensation programs.
- Provide advice and support to field HR and general managers on compensation and benefit related matters.
- Provide compensation related analysis and/or data to leadership team as requested/needed for project related work.
- Conduct due diligence, set-up and implementation of acquisition and divestitures and support field HR in integration or divestiture requirements/needs.
Position Requirements:
- Bachelor's degree in HR, finance or a related area required, Masters degree highly desired
- CCP (Certified Compensation Professional), CEBS (Certified Employee Benefits Specialist), SHRM-SCP or equivalent a plus
- At least 15 years' experience in Human Resources or Financial leadership roles with seven to ten years' experience in progressively responsible benefit management and compensation roles
- Executive Compensation experience highly desired
- At least two years' experience supporting C-Suite requests required
- Exposure to BOD related support required
- Ability to source and mine data from multiple resources, create both high level and detailed analysis to provide explanations and propose solutions based on analysis
- Exceptional written and verbal communications skills required
- Proven ability to manage vendor relationships and negotiate contracts effectively
- Ability to think quantitatively with a high degree of accuracy and attention to detail
- Experience with multi-state benefits programs required; Proven track record of implementing wellness initiatives and modern benefits solutions across multiple business units
- Proficient in utilizing Excel, working with macros, pivot tables, VLOOKUP's
The target salary range for this position is $175,000-$185,000
Benefits of Employment:
In addition to excellent career growth opportunities, Federal Signal Corporation offers a wide array of benefits including: annual bonus potential, insurance (life, medical, dental, vision), paid holidays, paid vacation, 401(k) with matching contributions and tuition reimbursement. We provide our employees with a smoke-free, drug-free workplace.
About Us:
Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer and manufacturer of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Downers Grove, IL, with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems. For more information on Federal Signal, visit: www.federalsignal.com.
The Company is an equal opportunity employer. Qualified applicants will not be discriminated against on the basis of, and will receive consideration for employment without regard to, race, color, religion, national origin, sex, sexual orientation, gender identity, age, disability, genetic information, status as a protected veteran, or any other protected category, characteristic, or trait under applicable law. If you require reasonable accommodation in the application process, contact Human Resources at HR@federalsignal.com. All other applications must be submitted online.
Experience
Required- 7 - 10 years: Health & Welfare benefit management and compensation roles
- 15 year(s): Experience in Human Resources or Financial leadership roles
Education
Required- Bachelors or better in Human Resources or related field
- Masters or better
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
