Senior Compensation Consultant

at  Truist Bank

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PLEASE REVIEW THE FOLLOWING JOB DESCRIPTION:

The Senior Compensation Consultant is responsible for executing on key compensation priorities. This position will provide feedback on compensation strategy, design, implementation, and administration across core compensation initiatives in the space of broad base, sales, or executive compensation. In addition, the role will serve as a subject matter expert on compensation products with expectations of servicing and delivering innovative solutions that support Client needs.

QUALIFICATIONS

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND EXPERIENCE

• Bachelors Degree (Preferred)
• 5+ years of experience (Preferred)

FUNCTIONAL SKILLS

• Proficiency in Excel
• Analytical and quantitative skills
• Relationship builder
• Strong communication skills
• Out of the box thinker
• Experience in compensation
• Time management skills
  General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Serve as a subject matter expert on comprehensive compensation strategies, policies, and programs that attract, retain, and motivate top talent.
• Assist as a compensation strategist to internal Client groups consulting on emerging compensation trends, industry best practice, and internal resources.
• Conduct comprehensive analysis of market data and industry trends to benchmark and ensure the competitiveness of our compensation offerings.
• Execute on key compensation initiatives such as job studies, short- and long-term incentive compensation, and job architecture.
• Inform internal client groups on compensation trends, legal requirements, and innovative tools to enhance the existing partnership.
• Support compensation technology from implementation through delivery serving as a project manager in implementation and a product lead post implementation.
• Provide expert guidance and recommendations on compensation matters, including offer negotiations, promotions, and salary adjustments.
• Develop and deliver training programs and resources to educate managers and employees on compensation philosophy, practices, and policies.
• Lead special projects and initiatives as assigned by leadership, contributing to the overall success of the organization.