Director of Compensation at Cherry Hill

Job Description

NFI is a fully integrated supply chain solutions provider headquartered in Cherry Hill, NJ. Privately held by the Brown family since its inception in 1932, NFI generates more than $1 billion in annual revenue and employs nearly 6,700 associates. NFI owns facilities globally and operates in excess of 20 million square feet of warehouse and distribution space. Its company-owned fleet consists of over 2,000 tractors and 7,000 trailers, operated by more than 2,500 company drivers and 250 Owner Operators. Its business lines include transportation, distribution, warehousing, intermodal, real estate, and solar services.Access the Companys website at www.nfiindustries.com.

The Director of Compensation will report to the SVP of Human Resources. In this important role you will manage the design, development, implementation and administration of the Companys compensation programs.

Critical Responsibilities:

• Compensation Administration: Ensure that market database is updated, review and update compensation policies and procedures; review and make recommendations to changes in U.S.and international salary ranges; ensure that job titles, grades, and job levels are up to date; and develop compensation education materials managers guide, leveling guidelines, intranet site, etc.
• Job Evaluation Process: Review all (new) job descriptions to ensure accuracy in grade, title, level, and FLSA status; oversee annual and ad hoc market pricing of U.S.and Canadian jobs. Partner with HR Directors and Managers as well as Recruiters to provide advice and recommendations to client managers; and lead project management of special ad hoc analysis e.g., sales compensation, etc.
• Sales Incentive Plan (SIP) Administration: Responsible for project management of sales plan design process, including evaluating the plans effectiveness, proposing plan changes, and coordinating metric and cost modeling; prepare plan budget; draft plan document; prepare plans, etc.
• Corporate Incentive Plan (CIP) Administration: Provide cost modeling support for plan design; support preparation of Management Committee presentations; and develop employee communication materials. Assist in plan development and modification as needed to ensure internal equity in Incentive plans.
• Merit and Bonus Cycle Management: Manage and administer local merit budgets and guidelines; calculate bonus funding allocations; lead design, testing, and implementation of merit and bonus system; preparation of calibration reports; support facilitation of calibration meetings; and coordinate with Payroll and HRIS for salary adjustments and bonus payments.
• Long term incentive plan administration: Manage LTIP program for key team members, prepare annual statements, send updated letters, work with finance to track vesting and interest.
• Executive Compensation Support: Provide support to SVP, Human Resources on executive compensation projects, including, but not limited to annual executive compensation analysis, etc.

Mission Critical Responsibilities:

• Re-organizational support: Play a key role in supporting department reorganizations, including job evaluations, assessing potential compensation impact, providing compensation change recommendations, etc.
• Due Diligence: Acts as HR point of contact for due diligence requests; prepares and coordinates requests with Benefits, HRIS, and Recruitment.
• Audit and Financial Reporting Requests: Manages responses to all quarterly and ad hoc audit requests, as well as financial reporting requests.
• Severance Program Administration: Manages severance calculations and preparation of severance packages in collaboration with HR Managers; approve severance accruals.

Job Requirements

Minimum Experience & Requirements:

• Bachelors Degree and a minimum 7+ years of compensation experience, including direct experience with all of the following:
• Job evaluations and market pricing
• Developing and evaluating salaried (i.e., exempt) compensation structures
• Implementing a merit and bonus process
• Preparing cost analyses, budgeting and forecasting.
• Strong Microsoft Excel, solid Word and PowerPoint skills required.

Preferred Qualifications:

• Certified Compensation Professional (CCP) preferred
• Experience with designing, implementing, and administering Sales Incentive Plans preferred
• Executive compensation experience preferred

Country: USA, State: New Jersey, City: Cherry Hill, Company: NFI Industries (Corporate).