Director, Compensation
Job Overview
PenFed is hiring a (Hybrid) Director, Compensation at our Tysons, Virginia location. The primary purpose of this role is to lead PenFed’s compensation function, including the design, development, implementation, and administration of compensation programs and job architecture. This position oversees job evaluation, job families, career levels, salary structures, and market analysis to support organizational design, internal equity, regulatory compliance, and the attraction, retention, and motivation of a highly skilled workforce.
Responsibilities
Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties, and the position will perform other duties as assigned.
- Manage all compensation programs, and policies and procedures for PenFed and its affiliated businesses to ensure alignment across business units.
- Lead the Compensation Team on data preparation and analysis to support HR Business Partners with workforce planning, M&A activity, and administration of merit, bonus, incentive and commission plans.
- Directly manage and mentor compensation analysts,
- Design and implement compensation strategies, develop proposals and recommendations for new and improved programs based on business need, market need and/or governmental changes.
- Drive the development and governance of PenFed’s job architecture, including job families, career levels, and role definitions, to support organizational design, internal equity, market alignment, and scalable compensation programs.
- Collaborate with leaders at all levels of management to develop, refine, and implement compensation plans that align with business objectives, internal equity, and market competitiveness.
- Advise senior managers on resolutions for specific problems relating to salaries, job classifications, and job content issues.
- Ensure compliance with all applicable federal, state and local laws.
- Coordinate the development and implementation of programs, special projects, research studies and other business unit initiatives to identify best practices and process improvements in order to promote functional efficiency and productivity.
- Collects and interprets area, regional and national compensation information for all employee levels using a variety of methods to determine the competitive position of PenFed.
Qualifications
Equivalent combination of education and experience is considered.
- Bachelor’s degree in human resources or related field preferred.
- Minimum 8-10 years of progressive compensation experience with 3 years in compensation at a preferred financial institution.
- Minimum of 2-4 years in management role proven quality leadership skills.
- Proven experience in managing policy change and implementation of new programs.
- Experience implementing and/or working on Workday and Salary.com preferred.
- Experience utilizing artificial intelligence (AI) resources to streamline compensation processes preferred.
- Solid command of the Microsoft Office suite (Word, Excel, PowerPoint).
Supervisory Responsibility
This position will supervise employees.
Licenses and Certifications
There are no additional certifications required.
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*
Travel
Ability to travel to various worksites and be on call is required.
Pay Transparency
The anticipated starting salary range for this role is $97,400.00 - $224,113.00
This position is eligible for an organizational performance based annual bonus, subject to board discretion and approval.
This position is eligible for an individual performance based annual bonus.
#LI-Hybrid
Benefits
At PenFed, we offer a robust benefits package designed to support you both personally and professionally. You’ll have access to comprehensive health, dental, and vision plans; paid time off; and family-friendly benefits like paid parental leave, care support, and fitness center access. Financial wellness is encouraged through features like a 401(k) match, employee loan discounts, and fully paid life and disability coverage. We also support growth via education assistance, community involvement, and volunteer opportunities.
Our Purpose
Helping members achieve their dreams since 1935.
Pentagon Federal Credit Union (PenFed) is one of America's largest federal credit unions, serving 2.8 million members worldwide with $29 billion in assets. PenFed offers market-leading certificates, checking and savings, credit cards, personal loans, mortgages, auto loans, and a wide range of other financial services, always with members' interests in mind. PenFed is federally insured by the NCUA and is an Equal Housing Lender.
Berkshire Hathaway HomeServices PenFed Realty, LLC is a full-service real estate company ready to assist our clients with buying, selling and renting a home. The company is a wholly owned subsidiary of PenFed Credit Union and is the largest independently-owned brokerage in the Berkshire Hathaway HomeServices network, placing us in the top 1% of all real estate brokerages in the country.
With almost 60 offices and nearly 2,000 world-class sales professionals, we offer complete service coverage in Virginia, Maryland, the District of Columbia, Delaware, Pennsylvania, West Virginia, Florida, Tennessee, Kansas and Texas. In addition, we also offer specialized client services which include management of vacation properties and long-term rentals, corporate relocation services and national referral network.
Equal Employment Opportunity
PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.
PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at Careers@PenFed.org.
