Senior Compensation Partner - Remote

Join the People Helping People

PSCU/Co-op Solutions is now Velera! PSCU and Co-op Solutions became a single entity on January 2, 2024, and our new company name was announced on May 7, 2024. Our new brand represents our combined company’s shared mission and unique ability to drive velocity and positive momentum for credit union success in a new era of financial services.

The Opportunity:

We are seeking an experienced Senior Compensation Partner who will serve as a strategic advisor to HR Business Partners and multiple levels of leadership, providing expert guidance on compensation decisions, including promotions, pay adjustments, and job leveling. This role leads the evaluation of job roles using advanced market pricing tools and grading methodologies to ensure accurate classification and competitive salary structures. The analyst conducts complex compensation modeling and data analysis to support organizational transformations, including mergers, acquisitions, and departmental restructurings.

In this senior-level position, the compensation partner plays a crucial role in maintaining internal equity, ensuring legal compliance, and developing compensation strategies that attract and retain top talent. Responsibilities include salary benchmarking, trend analysis, and creating incentive programs and compensation models aligned with business objectives.

Day in the Life:

• Partner with HR Business Partners and leadership to advise on pay decisions, promotions, and salary adjustments.
• Assess roles using grading methodologies (e.g., Marketpay, market pricing) to determine appropriate job levels and salary structures.
• Review, update, and refine job descriptions to align with industry standards, ensuring accurate job classifications.
• Evaluate salary relationships across similar roles to identify inconsistencies and ensure fairness in pay structures.
• Provide compensation modeling and data analysis for workforce changes, such as mergers, acquisitions, or department restructures or consolidations.
• Advise on compensation adjustments to retain key talent during reorganizations.
• Ensure compliance with federal, state, and local compensation laws and regulations.
• Analyze and interpret compensation data to identify trends and make strategic recommendations.
• Support annual salary planning and merit increase processes.
• Prepare reports and presentations for leaders, highlighting key compensation trends and strategies.
• Conduct salary benchmarking, market analysis, and job evaluations to maintain competitive compensation structures.
• Support the development of incentive programs, salary structures, and compensation models to align with business goals.
• Perform all other duties as assigned.

Qualifications:

• Five plus years’ direct Compensation experience required.
• Workday experience preferred.
• Experience with MarketPay a plus.
• Experience working with salary surveys, job evaluations, and incentive programs is required.
• Previous experience consulting and collaborating with HR partners, managers, and senior leaders on compensation matters is required.

Education:

• Bachelor's degree in HR, Finance, or related field preferred.
• CCP certification a plus.

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About Velera

At Velera we are committed to fostering a workplace where every employee feels valued, respected, and connected. We understand, attract and engage a diverse workforce where every employee can live up to their full potential; ensuring that our employee base reflects the consumers we serve. The result of this effort is an inclusive environment where diverse talent thrives. We strive to foster a safe and inclusive work environment for people to bring their authentic selves in order to build a better community within our company and with our partners.   Learn more about our commitment to Diversity, Equity, and Inclusion HERE!

Pay Equity

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Actual Pay will be adjusted based on experience and other job-related factors permitted by law.

Great Work/Life 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

• Benefits are subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions

Velera is an Equal Opportunity Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state or local law.

Velera is an Equal Opportunity Employer that complies with the laws and regulations set forth in the following "EEO is the Law" Poster and the "EEO is the Law" Poster Supplement. Velera will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the legal duty to furnish information.

Velera is an E-Verify Employer. Review the E-Verify Poster here (English and Spanish). For information regarding your Right To Work, please click here (English and Spanish poster).

As an ongoing commitment to reasonably accommodate individuals with disabilities please contact a recruiter at recruiters@velera.com for assistance.