Job Description
As the Director of Executive Compensation within Northwest's Human Resources department, this individual will report to the Chief People Officer (CPO) and work with a team of HR professionals in a fast-paced and dynamic work environment. The role will deliver effective solutions and advice to the CPO, as well as Executive Leadership of the business on aspects related to executive compensation within Northwest's total rewards programs.
Essential Functions
* Advise the CPO and management on all executive, equity incentive and non-employee director compensation matters, including but not limited to latest market practice, regulatory changes, proxy changes/enhancements.
* Co-Lead (with the CPO) planning, preparation, and distribution of meeting materials for C-Suite executives and the Compensation Committee of the Board of Directors
* Manage the administration of the stock plans, prepare information for participants, prepare reports, conduct analyses and manage equity related projects in addition to preparing Compensation Committee meeting materials and proxy materials
* Monitor executive compensation and equity regulations and collaborate with legal, accounting and tax departments to ensure compliance with all regulations and laws
* Gather and help prepare relevant regulatory filings and reporting information such as the CD&A section of the proxy statement, Form 8-Ks, etc.
* Monitor and recommend design enhancements to executive pay programs where market and regulatory environment may deem necessary to remain competitive or compliant
* Process equity award activities including grants, agreements, vesting, exercises, terminations, ESPP enrollments and purchases, etc.
* Assist in the analysis and administration of long-term incentive programs, including budgeting and planning, tracking, modeling and delivery
* Serve as primary contact for internal and external audit partners for executive compensation and equity related inquiries
* Provide analytical support for the design and administration of firmwide incentive and executive compensation programs
* Assist in strategic initiatives across the Compensation team, including M&A and special incentives, and other ad hoc key initiatives that may require cross coordination within Compensation and across HR
* Research, gather, and synthesize business-level and firm-level performance data in support of Northwest's pay-for-performance philosophy
* Analyze financial metrics, stock price performance, and executive pay including equity.
* Proactively liaise with partners in Finance, Strategy, Legal, HR, IR, External Compensation Consultant, and other functions as needed.
* Liaise with incentive plan participants/executives around compensation with clear and confident communication, both written and verbal.
* Assist with ad hoc executive compensation related inquiries, including preparing exhibits, charts, graphs, and tables.
* Become a "super-user" with the Compensation System
* Conduct audits and reconciliations
* Ensure compliance with Northwest's policies and procedures, and Federal/State regulations
* Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
* Work as part of a team
* Work with on-site equipment
Education and Experience preferred
* Bachelor's degree
* 6-8 years of executive compensation experience required. Preferably in banking, financial services, and/or consulting.
* Strong analytical, research, and problem-solving skills.
* Strong project management, planning, organizational, and time management skills
* Discretion in dealing with confidential information and senior level leaders
* Able to deal with complex financial/compensation data, work independently and meet tight deadlines combined with high degree of accuracy and attention to detail.
* Self-starter that thrives in a team-oriented environment and can balance competing deadlines.
* Advanced proficiency with MS Office (Excel, PowerPoint, Outlook, Word).
This position is based onsite Monday - Thursday with Friday as an optional work from home day.
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
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