Compensation Manager with Lendmark Financial Services (Covington, GA - Corporate Office)

November 12, 2015 5:30 PM | Anonymous member

 

Job Details

Level:  Management

Salary Range:  $90K - $100K (Incentive Eligibility, 401K Employer Match, Benefits

Job Location:  USA-GA-Covington

Travel Percentage: 

Position Type:  Full Time

Job Shift: Day

Education Level: 4 Year Degree

Job Category: Human Resources

Description

Lendmark Financial Services is a consumer finance company that specializes in providing direct and indirect personal loans, automobile loans, debt consolidation loans, and merchant retail sales financing services. Lendmark operates over 190 branch locations throughout Georgia, Tennessee, Virginia, Maryland, Florida, North Carolina, South Carolina, Kentucky, West Virginia, Pennsylvania, Alabama, Mississippi and Delaware.

We are an Equal Opportunity and eVerify participating employer.

GENERAL SUMMARY:

Reporting to the AVP, Total Rewards, the Compensation Manager will be a key member of the Total Rewards team and will be responsible for the oversight, design, and management of the Company's compensation program to attract, retain and motivate talent. This role will present the opportunity to contribute analytically and to also utilize appropriate cross-functional skills to work across the organization and to devise compensation model that can fuel the growth of Lendmark Financial Services as well as run a smooth process to administer plans. 

MAJOR DUTIES/RESPONSIBILITIES:

  • Responsible for the strategy, research, implementation, communication and overall management of the company’s Compensation programs
  • Oversees the planning, design, development, and implementation of the company-wide compensation programs (base, incentive and incentive compensation)
  • Operates as primary advisor and technical expert on compensation-related matters, including compensation philosophy, policies, programs and approaches, identifying needs, development of solutions and delivering solutions to the company
  • Develops an effective communication approach to ensure that the compensation programs are fully understood and appropriately valued by employees and management.
  • Provides expert advice on performance management processes to improve the link between compensation and performance, and to ultimately improve productivity
  • Leads in the creation of policies, procedures and reporting.
  • Provides comprehensive planning on compensation projects with the goal of integrating an appropriate and consistent compensation approach across the Company.
  • Complies with federal, state and local legal requirements by studying existing and new legislation, anticipating legislation, enforcing adherence to requirements and advising leadership on needed action.
  • Employs a proactive approach to the identification and implementation of trends and best practices. Recommends changes and new proposals for compensation programs based on the assessment of Company needs.
  • Performs compensation forecasting, planning and budgeting. Ensure partners have data required for budgeting, financial analysis, projections and preparation of funding related to compensation.
  • Identifies key metrics and uses data to advance understanding of compensation effectiveness
  • Collaborates with Accounting and Branch Operations to support the rollout of all incentive compensation plans
  • Presents compensation exception requests to the Chief Administrative Officer for consideration
  • Oversees incentive contests and promotions program design and implementation
  • Ensures that incentive compensation plans meet regulatory compliance and governance/audit requirements by consulting with legal resources and staying abreast of developing legislation and its potential impact
  • Under direction of  manager, creates effective compensation-related communications for managers and employees
  • Serves as the main point of contact for questions and interpretations of compensation plans
  • Maintains a central repository of all compensation plans
  • Manages issues that are raised by Plan participants which may require escalation to executive management
  • Manages Company risk relative to position

Qualifications

BASIC  REQUIREMENTS:

  • Bachelor’s Degree in a related field and/or equivalent experience
  • 7+ years’ experience in compensation
  • Deep knowledge and experience with compensation plan design, principles and best practices including sales incentive compensation
  • Intermediate/Advanced Microsoft Excel experience
  • Strong MS Word and PowerPoint skill proficiency
  • Strong attention to detail
  • Ability to build relationships, gain credibility, influence and partner with leaders at all levels
  • Demonstrated experience with cross functional group projects
  • Excellent analytical skills
  • Must possess strong communication, negotiation and listening skills to build solutions in a collaborative way
  • Excellent communication skills, both written and verbal, to all levels in the organization
  • Ability to work independently in a fast paced and dynamic environment
  • Ability to create complex ad-hoc reports 

PREFERRED/DESIRED QUALIFICATIONS:

  • Master’s Degree
  • Financial services experience
  • Project management leadership experience
  • CCP – Certified Compensation Professional designation
      

WORKING CONDITIONS:

  • Primarily located in office environment
  • Travel:  Less than 10%

Comments

  • November 12, 2015 5:39 PM | Anonymous member
    Visit our careers website at www.lendmarkfinancial.com/careers/ to submit applications for the Compensation Manager career opportunity.

    As a military friendly employer, Lendmark Financial Services enourages qualified military veterans and spouses of veterans to apply.
    Link  •  Reply
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