Compensation Manager

First Western is seeking a Compensation Manager to join our team!

Are you looking for a challenging and rewarding opportunity? First Western is seeking a passionate and experienced professional to join our team.

As a Compensation Manager at First Western, you will play a vital role in helping high-net-worth clients achieve their financial goals. You will work closely with our Accounting and Finance team to deliver comprehensive solutions that exceed client expectations.

If you are passionate about providing exceptional service to clients and are looking for a challenging and rewarding opportunity, we encourage you to apply for this position today.

What You Will Do:

• Conducts, compiles, and presents research, benchmark analysis and modeling to support design of market-competitive compensation programs that align with organizational values, goals and strategies and ensure organizational equity and competitiveness. Provides expertise and input on the design of creative solutions to specific compensation-related issues.
• Manages the Company's total compensation programs including base pay administration and short- and long-term incentive plans. Oversees the design and communication and payment of both short- and long-term incentive plans, to include benchmarking, program design, and gauging alignment to company objectives. Presents recommendations to senior leadership team.
• Manages the job evaluation program, including the job evaluation process and pricing, job grades and salary ranges, job analysis and the preparation/maintenance of standardized job descriptions for the organization; develops and implements job titles in the HR system and partners with management to ensure job attributes are appropriately assigned
• Participates in appropriate compensation and benefit surveys and benchmarking and monitors trends and new/innovative practices. Identifies trends and implements new practices to engage and motivate employees.
• Provide analytics to support decisions in compensation and benefits.
• Monitors the effectiveness of existing compensation programs, plans and practices, developing plan revisions and new plans that are cost effective and aligned with Company objectives; solicits and incorporates team recommendations into plan revisions
• Own all commission programs- documentation, monthly tracking, ensuring approval for payment is obtained from managers.
• Maintain salary bands for all active roles in ADP and document in the First Western role based grid.
• Work with finance to forecast and budget for compensation and benefits expenses.
• Design and manage perquisite programs.
• Work with Talent Management to provide coaching to managers and be involved in compensation negotiations.

What You Bring:

• Understanding of compensation management including previous experience with LTI and STI plan design and strategy development, equity analysis, and related employee communication programs and strategies.
• Strong verbal and written communications skills, including the ability to effectively present to senior leaders and communicate complicated topics in an easily understood and digestible format.
• Thorough knowledge and practical application of U.S. federal and state employment laws required.
• Excellent understanding of job evaluation and job analysis systems and pay structure administration.
• Strong Excel Skills, Experience with HRIS report writing a must
• Strong Communicator (Verbal and Written), Organizational Skills, Problem Solving, Ethical, High Attention to Detail
• Strong knowledge of federal, state, and local regulations and compliance requirements related to employee benefit and compensation programs, strong understanding of legal requirements and drafting compensation plan agreements

Education Level Education Details Required/Preferred
Bachelor's Degree Business Administration, Human Resources Management or a related discipline Required

Experience Level Experience Details Required/Preferred
5-7 years Relevant experience designing and implementing compensation policies Required
1-3 years Financial Industry experience Preferred

License/Certification Details Time Frame Required/Preferred
Certified Compensation Professional or Certified Benefits Professional Upon Hire Preferred
PHR/SPHR Preferred Upon Hire Preferred

What You Receive:

At First Western, we pride ourselves on our culture of innovation, teamwork, and continuous learning. We are committed to providing our employees with the tools and resources they need to succeed, including ongoing training and development, a competitive compensation package, and a comprehensive benefits program.

Pay Range: $80,000 - $120,000/YR

Job Classification:Full-Time Exempt

*Actual offer will be based on experience, location, education, and/or skills*

- Strong Bonus Potential
- 401(k) Plan with Match
- Paid Parking/Transportation Benefits
- Access to Training & Professional Development Programs
- Sponsorship for Obtaining Professional Certifications
- Flex Spending Accounts
- Health Savings Account
- Health & Wellness Benefits
- Paid Time-Off+ Bank Holidays

Interested in learning more and seeing how we connect? Visit us today at: https://myfw.com/careers/

Questions? Contact us at Talent.Management@myfw.com

First Western Financial, Inc. is proud to be an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive and safe environment for all employees. We are fully committed to achieving a diverse workforce by hiring, developing, and retaining talented people from different backgrounds, experiences, abilities, and perspectives. Individuals from all backgrounds, including non-traditional backgrounds, historically marginalized, or underrepresented groups are strongly encouraged to apply.

First Western Financial, Inc. is committed to the full inclusion of all qualified individuals. In keeping with our commitment, First Western Financial, Inc. will take the steps to assure that people with disabilities are provided reasonable accommodations. Accordingly, if reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the position, and/or to receive all other benefits and privileges of employment, please contact Talent.Management@myfw.com.

Region A Pay Range

Pay Range $80,000—$120,000 USD

Location: Glendale, CO, US

Posted Date: 10/13/2024