Teachers Federal Credit Union
Compensation Program Manager
Teachers Federal Credit Union, West Islip, New York, United States
Compensation and Benefits Program Manager
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 including ERISA, FLSA, and ACA
Proficient in compensation and benefits software (eg UKG, Workday, ADP, PayScale)
Advanced Excel skills
Exceptional communication skills, with the ability to communicate complex information clearly and effectively
Strong attention to detail and organizational skills, with the ability to manage multiple priorities in a fast paced 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 and 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 and 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 and 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
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
Seniority level Mid-Senior level
Employment type Full-time
Job function Human Resources
Industries Banking
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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 including ERISA, FLSA, and ACA
Proficient in compensation and benefits software (eg UKG, Workday, ADP, PayScale)
Advanced Excel skills
Exceptional communication skills, with the ability to communicate complex information clearly and effectively
Strong attention to detail and organizational skills, with the ability to manage multiple priorities in a fast paced 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 and 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 and 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 and 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
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
Seniority level Mid-Senior level
Employment type Full-time
Job function Human Resources
Industries Banking
#J-18808-Ljbffr