Navy Federal Credit Union

Compensation Consultant

Navy Federal Credit Union

full-time

Posted on:

Origin:  • 🇺🇸 United States • Florida, Virginia

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Salary

💰 $68,300 - $107,300 per year

Job Level

Mid-LevelSenior

About the role

  • The Compensation Consultant supports the design, development, and implementation of competitive and equitable compensation programs across the organization.
  • Partner with HR Business Partners and business leaders to assist in compensation program design, policy application, and market competitiveness analysis.
  • Develop and maintain consultative partnerships with business unit leaders to understand strategic priorities and talent needs and translate enterprise-level compensation philosophy into actionable strategies.
  • Support and contribute to end-to-end execution of compensation projects such as annual salary reviews (merit, bonus) and program enhancements.
  • Ensure execution of salary reviews, promotion reviews, pay adjustments and other compensation-related transactions.
  • Analyze compensation data, market trends, and internal pay practices to provide recommendations supporting talent attraction and retention.
  • Assist in development and implementation of compensation initiatives focused on pay equity, job evaluation, and incentive pay strategies.
  • Monitor compliance with legal and regulatory compensation requirements and help drive process improvement initiatives.

Requirements

  • Bachelor’s degree in Human Resources, Business Administration, Finance, or related field.
  • Minimum of 3 years of experience in compensation, HR, or related field preferably within corporate or consulting environments.
  • Working knowledge of compensation design principles, market benchmarking, and pay structure management.
  • Effective analytical skills with ability to interpret compensation data.
  • Effective relationship building, negotiation and facilitation skills
  • Effective skill presenting findings, conclusions, alternatives, and information clearly and concisely
  • Proficiency in Excel and HRIS systems; experience with compensation data platforms (e.g., Mercer, PayScale) is a plus.
  • Strong communication skills to engage and influence stakeholders at various levels.
  • Demonstrated ability to manage multiple projects with moderate complexity.