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Director of Total Rewards

Company: Tri Counties Bank
Location: Chico
Posted on: February 8, 2020

Job Description:

We're looking for a candidate to fill this position in an exciting company.

  • Develop and implement total rewards initiatives including benchmarking existing company compensation and benefit against market practices.
  • Develop specific recommendations for benefit and compensation enhancements that support company strategic financial objectives in a cost-effective manner.
  • Design compensation plans to attract and retain talent and drive business results.
  • Manage execution and administration of company-wide health and welfare programs inclusive of medical, dental, vision, life, FSA, Workers Compensation, computer benefits, LTD, voluntary benefit programs and other benefit plans as well as savings programs including the 401(k) Plan and the ESOP.
  • Lead the negotiation of the annual renewal of benefit plans and manage the open enrollment period.
  • Manage and ensure all compensation and benefit plans are compliant with all local, state and federal laws and regulations including but not limited to FLSA, Equal Pay Act, AAP and ERISA.
  • Complete industry and other salary surveys to ensure competitiveness of compensation practices.
  • Benchmark individual positions (inclusive of new and existing positons) on an on-going basis to establish competitive salary grades and ranges.
  • Manage and administer all ESOP and 401(k) Committee Meetings, and oversee all 401(k) administration and audit activities.
  • Manage vendor relationships including insurance brokers, plan carriers, consultants to ensure competitive and compliant compensation and benefit offerings.
  • Will lead the re-engineering of the internal reporting package to meet the requirements of all constituencies.
  • Overall responsibility for Nationwide Mortgage Licensing System (NMLS) administration.
  • Maintains a current understanding of Bank policies and procedures, in compliance with all state and federal laws, including but not limited to Bank Secrecy Act (SARs, CIP, OFAC), Information Security Guidelines (GLBA, Privacy), Identity Theft Red Flag Guidelines, Regulation Z; Loan Originators, and Unfair, Deceptive or Abusive Acts and Practices (UDAAP).
  • Manage the annual 401(k) Plan and ESOP audits, and 5500 filings.
  • Strong understanding of total rewards best practices particularly in compensation, market pricing and job architecture
  • Performs other work-related duties as assigned
    • Bachelors or Masters in a related field preferred.
    • PHR or SPHR preferred.
    • At least 10 - 15 years of experience in Benefits and Compensation with strong functional experience in benefits and compensation design and administration.
    • Multi-unit experience highly desirable.
    • Advanced analytical and financial skills necessary to manage planning and budgeting requirements.
    • Knowledgeable of applicable federal, state and local benefits and wage-and-hour laws.
    • Ability to manage multiple tasks simultaneously while working under pressure to meet deadlines with a high level of urgency.
    • Ability to achieve desired results working cooperatively with others toward common group objectives.
    • Excellent oral and written communication skills, including presentation skills.
    • Excellent organizational skills.
    • Ability to work in a fast-paced and time sensitive environment.
    • Understanding of Ultimate Software Human Capital Management System and on-line benefit portals a plus.
    • Strong M.S. Office skills including the construction and maintenance of Excel based models and reports.

Keywords: Tri Counties Bank, Chico , Director of Total Rewards, Executive , Chico, California

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