Job: Vice President, Compensation & Payroll

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Jobing Description

Position Summary:
Provide leadership and strategic direction for Compensation and Payroll programs and departments. Direct the design, development, administration, and management of all Compensation and Payroll programs that incorporate industry best practices in alignment with LPL's growth and culture. Ensures development, delivery and alignment of HR products and services to support achievement of business objectives. Interface as a strategic partner with management on Compensation and Payroll strategies. Will need to place a high value on coaching, developing, and mentoring employees.

Essential Functions:

1. Compensation Responsibilities:
Oversee Compensation area and manage two employees.
Lead the development, administration and recommend budgeting for all compensation programs, strategies, policies and practices, salary structures and short and long-term incentive plans.
Collaborates with all HR& Operations functions to provide seamless, efficient and consistent Compensation processes in accordance with all company policies.
Develop and implement robust employee communication plans to maximize the perceived value of compensation.
Manage the selection and supervision of compensation vendors, surveys, consultants, brokers, and technology.
Provide metrics and benchmarking against industry and cross-industry standards. Ability to present and research competitive market and industry trends.
Lead analysis and audits of compensation programs to provide recommendations for continuous improvements to attract and retain the best and brightest talent.
Oversees management of the Compensation department budget and assists in the coordination of the budgeting process with Finance.

2. Payroll Responsibilities:
Oversees Payroll department of nine employees.
Directs management of payroll and timekeeping software, including but not limited to strategic development and maintenance activities, implementation of and/or execution of system requirements, automation of manual processes, and preparation of project plan for upgrades and conversions in order to recommend and implement changes leading to best-practice operations
Develops continuous strategic process improvements to maintain the quality, efficiency and overall effectiveness of the payroll functions and system of internal controls, to increase accuracy and decrease risk of fraud and errors.
Collaborates with all HR & Operations functions to provide seamless, efficient and consistent payroll processes which follow all company policies
Oversees management of the Payroll budget and assists in the coordination of the budgeting process with Finance
Comply with federal, state and local taxing authority requirements by studying existing and new legislation; enforcing adherence to requirements including SOX; advising management on needed actions; analyzing impact on payroll system.

3. Coaches and develops staff, conducts performance evaluations, and recommends salary increases. Leads a service-oriented work environment

4. Ensure compliance with all applicable state and federal laws and regulations, including SOX, as they pertain to Compensation and Payroll.

Skills / Requirements

Minimum Education Required: Bachelor's Degree (Focus in: business administration or related field, or equivalent experience)

Minimum Experience Required: 10+ years experience

Broad background and understanding of total compensation components - base pay, incentive pay, sales compensation programs, design and practice, recognition programs, and linkage of pay to performance.

Demonstrated ability to evaluate, design and recommend compensation based on market assessment and business strategy.

Comprehensive knowledge of relevant laws and regulations, including but not limited to ERISA, HIPPA, SOX, COBRA, and Equal Pay Act.

Strong understanding of GAAP Accounting implications within compensation and payroll programs.

High proficiency leveraging HRIS

Execution orientation with a bias for action. Ability to lead large and/or multiple projects simultaneously, with ability to complete projects on time and in budget, while motivating and inspiring staff to achieve results.

Proven experience in a leadership role and the ability to manage and develop other professionals.

Expert level proficiency with the MS Office Suite including Excel
Certified Compensation Professional (CCP) and Certified Equity Professional (CEP) certifications are preferred.

Licenses/Certifications: HR, SPHR, and CCP preferred

Software/Systems Skills:
MS Office-Required

Additional Skills Required:
Must be extremely organized, self-motivated, and capable of working in a rapidly changing environment with the ability to effectively interact with all levels of management.
Must have a professional demeanor and the ability to maintain confidentiality at all times when dealing with personnel matters.
Successful candidates will possess superior consultative and influencing skills, superior verbal/written communication skills, strong analytical and problem solving skills, project management skills.
Ability to multi-task, work on multiple priorities, work independently and as a team in an ambiguous and dynamic environment.

We offer an excellent salary and benefits package. Please login or create an account to apply to this position. Principals only. EOE