Hybrid Compensation and Benefits Program Manager presso Teachers Federal Credit Union

Join Our Team

For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities. 

Summary:

The Compensation and Benefits Manager is responsible for delivering, implementing, and maintaining the credit union's compensation and benefits programs. This role ensures that compensation and benefits programs are competitive, equitable, and aligned with industry standards while also supporting organizational goals and growth initiatives.

Education and/or Experience:

• Bachelor’s degree required or a minimum of eight years directly related experience required

• Minimum five years’ experience in compensation and benefits management required

• Strong knowledge of compensation and benefits strategies, trends, and best practices required

• Certification in Compensation (CCP) or Benefits (CEBS) preferred

• Experience within the financial services or credit union industry preferred

Skills and Abilities:

• Excellent analytical and problem-solving skills with the ability to interpret complex data and make recommendations

• Strong understanding of compensation structures, benefits programs, and labor laws (ERISA, FLSA, ACA, etc.)

• Proficient in compensation and benefits software (e.g., UKG preferred, Workday, ADP, PayScale) 

• Advanced Excel skills required

• Exceptional communication skills, with the ability to communicate complex information clearly and effectively

• Strong attention to detail, organizational skills, and the ability to manage multiple priorities in a fast-paced, growing environment

Job Responsibilities:

Compensation Management:

• Manages a competitive compensation structure that aligns with organizational goals and promotes internal equity

• Conducts market analysis and benchmarking to ensure that compensation packages remain competitive and compliant with industry standards

• Collaborates with senior leadership to ensure compensation policies align with the credit union's growth strategy

• Oversees the annual salary review process, ensuring consistency, fairness, and transparency in pay adjustments

• Develops and maintains job descriptions and classification systems to ensure accurate job evaluation and compensation recommendations

• Provides guidance on compensation-related issues, including merit increases, bonuses, and incentive programs

Benefits Management:

• Manages and administers employee benefit programs, including health, dental, vision, retirement, leave, and wellness benefits

• Leads the open enrollment process, providing communication, education, and support for employees regarding their benefits choices

• Ensures compliance with regulatory requirements, including ERISA, FMLA, HIPAA, and ACA

• Evaluates and recommends improvements to the benefits package to enhance employee satisfaction and retention

Data Analysis & Reporting:

• Analyzes compensation and benefits data to identify trends, assess program effectiveness, and recommend improvements

• Develops and maintains reports on compensation and benefits data to inform management decision-making

• Provides periodic updates and insights to senior leadership on compensation-related metrics and program performance

Employee Communication & Education:

• Acts as a subject matter expert on compensation and benefits, providing guidance and support to employees and managers

• Develops communication materials to educate employees about available compensation and benefits programs, including annual statements and benefits guides

• Organizes and facilitates employee workshops or informational sessions on benefits and compensation topics

Compliance & Best Practices:

• Stays up-to-date on federal, state, and local regulations related to compensation, benefits, and employment law

• Ensures the credit union remains compliant with all applicable laws and industry standards

• Recommends and implements best practices to drive continuous improvement in compensation and benefits programs

• *Performs other duties as needed upon request by immediate supervisor

Benefits of Joining the Teachers Team:

We provide a competitive compensation and benefits package that includes, but is not limited to:

• Paid time off for vacation, personal days, and holidays

• Fully-funded pension plan

• 401(k) company contribution

• Teachers pays 100% of Dental & Vision premium

• Tuition reimbursement is offered to full-time employees

• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

The good faith range for this position is $91,218.00 to $114,022.50 annually. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.

To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers

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