Senior Manager, Compensation

Company: Fremont Bank
Location: Livermore
Posted on: May 9, 2025

Job Description:

Title: Senior Manager, Compensation

Job Location: Livermore, CA

Hiring salary range: $179,200 - $228,500 annual

Fremont Bank founded in 1964,is one of the oldest independently owned banks in the Bay Area and is one of the top-rated mid-tier banks in the nation.Voteda Top Workplace for 2024 and for the past fourteen consecutive years,Fremont Bank has an immediate opening for a Senior Manager, Compensation in Livermore, CA.

Position Overview
The Sr. Manager, Compensation is responsible for the development, implementation, and management of compensation programs that support the Bank's strategic objectives and talent management priorities. This role plays a key part in ensuring market competitiveness, pay equity, and compliance with relevant regulations. The Sr. Manager will partner closely with HR, Finance, and business leaders to analyze compensation data, develop insights, and support initiatives that attract, retain, and reward top talent.

Role and Responsibilities:

1. Compensation Strategy & Program Management
Support the development and refinement of compensation strategies in alignment with company goals and market practices.
Manage the implementation and administration of base pay, short-term incentive plans, and other variable compensation programs.
Partner with the SVP, HR and CHRO to assess the effectiveness of compensation programs and make recommendations for improvements.

2. Market Analysis & Benchmarking
Lead benchmarking efforts using industry surveys and data to evaluate the competitiveness of the organization's pay structures.
Perform compensation modeling and analytics to support decision-making and compensation design.
Provide insights and recommendations based on market trends and internal data analysis.

3. Job Evaluation & Pay Structure
Oversee job analysis and job evaluations to ensure appropriate leveling and internal equity.
Maintain and update salary structures, job families, and career frameworks across departments.
Evaluate and approve job offers and promotions to ensure alignment with compensation guidelines.

4. Compliance & Risk Management
Ensure compensation practices comply with federal, state, and local laws and regulatory requirements (e.g., FLSA, Equal Pay Act).
Assist in preparing data and documentation for pay equity audits, internal reviews, and external reporting.

5. Performance & Incentive Planning
Collaborate with HR business partners and leadership in the planning and execution of annual compensation cycles (Merit, Bonus, Promotions, SERP, and ESOP).
Provide analytics and recommendations on performance-based pay decisions.
Assist with the design and administration of variable pay programs that support a performance-driven culture.

6. Stakeholder Partnership & Communication
Serve as a trusted advisor to HR business partners and business leaders on compensation matters.
Support employee communications and training on compensation philosophy and programs.
Work closely with Finance and HRIS teams to ensure accurate reporting, budgeting, and system integration.

Minimum Qualifications:

Education:
Bachelor'sdegree in Human Resources, Business Administration, Finance, or a relatedfield (Master's or relevant certifications preferred).

Experience:
6+years of experience in compensation, with at least 2 years in a managerialor senior-level role.
Strongunderstanding of compensation design, market pricing, salary surveys, andprogram implementation.
Experiencemanaging or supporting complex compensation cycles and job architectureframeworks.

Skills:
Solidanalytical and problem-solving skills with a high attention to detail.
Proficientin Excel (e.g., pivot tables, formulas, data modeling) and compensationtools/systems (e.g., PayScale. Mercer, ADP, Cornerstone, Workday, etc.).
Stronginterpersonal and communication skills, with the ability to influencestakeholders at all levels.
Abilityto manage multiple priorities in a fast-paced, dynamic environment.

Certifications:
Certified Compensation Professional(CCP) or similar industry-recognized certifications preferred.
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Keywords: Fremont Bank, Fairfield , Senior Manager, Compensation, Executive , Livermore, California