Manager of Compensation

Do you want to be part of a culture that drives performance and celebrates success? Are you ready to lead in the digital space? Victra is a privately held, multi-billion dollar company headquartered in Raleigh, North Carolina. Victra is Verizon's largest, exclusive authorized retailer operating over 1,600 stores in 50 States -- our focus is to connect technology to life in the most fun and trusting way. Victra prides itself on having a great customer experience for our Guests, and the technology architecture, legal prioritization, and the support levels we provide to our stores enables this experience. We want intellectually curious, entrepreneurial professionals who enjoy being outside their comfort zones, thrive amidst change, and obsessively drive for one-another's success.

Job Title: Manager of Compensation

The Manager of Compensation will be responsible for developing, implementing, and managing the company’s compensation strategies and programs. This role requires a deep understanding of incentive compensation, industry’s best practices and applicable federal and state laws. The ideal candidate will work closely with Finance, HR leaders, Legal, Operations, and senior management to ensure that our compensation practices are compliant and align with our business objectives and promote a culture of fairness and equity.

 Key Responsibilities 

• Design, implement, and manage variable compensation programs related to commission, bonuses, and incentive plans, ensuring alignment with business goals, legal requirements and industry standards.

• Conduct regular market analysis to ensure competitive pay structures and practices, making recommendations for adjustments as needed.

• Collaborate with Finance, HR, Legal, Operations and other business leaders to assess compensation needs and provide guidance on variable compensation related issues. 

• Monitor and analyze the effectiveness of compensation programs, making data-driven recommendations to enhance employee performance, engagement and retention. 

• Draft and maintain compensation plans and lead communication efforts regarding compensation policies and programs to ensure understanding and transparency among employees. 

• Stay informed on industry trends, legislation, and best practices in compensation management, continuously ensuring compliance of the compensation programs and seeking opportunities for improvement. 

Qualifications 

• 5+ years of experience in compensation management, with a focus on incentive compensation.

• Strong analytical skills with the ability to interpret data and make strategic recommendations.

• Excellent communication and interpersonal skills, with the ability to effectively present information to various stakeholders. 

• Proven ability to manage multiple projects and priorities in a fast-paced environment. 

• Knowledge of compensation software and HRIS systems. 

• Familiarity with federal and state compensation regulations and compliance requirements. 

SUPERVISORY RESPONSIBILITIES

Yes.

CERTIFICATES, LICENSES, REGISTRATIONS

Bachelor’s degree in Business Administration, or a related field; advanced degree or certification in compensation management (CCP) preferred.

TRAVEL REQUIREMENTS

Up to 10%

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an individual to successfully perform the essential functions of this job including the ability to work in an office environment. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and stand for extended periods of time and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work environment is a typical climate-controlled cubicle office setting. The noise level in the work environment is usually quiet to moderate.

EQUAL OPPORTUNITY EMPLOYER

We're proud to be an equal opportunity employer - and celebrate our employees' differences, regardless of race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, or Veteran status. Different makes us better.

This Job Description is to be used as a guide for accomplishing Company objectives. The description incorporates the most typical duties performed and covers only the primary functions