City National Bank of Florida · 7 hours ago
Compensation Officer
Miami, FL
Full-time
Onsite
Senior Level
5+ years expCity National Bank of Florida is seeking a Compensation Officer responsible for conducting comprehensive analysis of compensation structures and incentives. The role involves managing merit increases and bonus processes, collaborating with HR and other stakeholders to develop competitive compensation strategies.
BankingCommercial LendingConsumer LendingFinanceFinancial Services
Responsibilities
Provides complete market pricing analysis and collaborate with HRBP and leaders to provide appropriate compensation guidance
Manage the annual Merit, and Bonus Programs
Responsible for participating in the benchmarking processes to gather and analyze market data in order to evaluate roles and determine competitiveness of our salaries, bonus and equity programs
Work with Mercer to maintain salary ranges and pay grade structures up-to-date and in line with business needs
Gathers data from market-based compensation surveys; using Payscale/MarketPay and other applications and data analysis techniques to assess results and market trends; including administration of these systems
Provide recommendations for adjustments based on market trends, industry benchmarks, and bank objectives
Develops and reviews pro forma analysis on requested changes and additions to incentive plans to show overall financial impact
Oversees incentive plan documentation to include updating plans and maintaining files of signed documents
Generates and distributes monthly reports to plan participants and management recapping actual performance and payout amounts
Reviews monthly accruals and actual payouts for accuracy and reasonableness
Support the Annual and Merit review process; assist with budgeting merit wage
Maintain detailed records of the merit increase process, including decisions and justifications
Prepares and disseminates information for Compensation Committees
Prepares Board Memo, along with Officer promotions for new hire and current employees
Including communicating approved changes, updating employee profile in HRIS and electronically scanning employee signed memos
Creates and disseminates compensation related agreements and employee change memos as needed
Ensure timely and accurate updates in the HRIS to reflect new salary information
Prepares HR budget forecasting, monitoring, reconciliation and projecting future expenses
Responds to inquiries from management and associates regarding overall guidelines of incentive plans and calculation of payout amounts
Works with Compensation and Payroll to insure employee information is accurate within the HR/Payroll system(s) and payments are processed
Stay abreast of industry trends and market practices to inform compensation strategies
Utilize market data to guide decision on salary ranges, incentive programs, and other compensation components
Conduct regular audits to ensure data integrity and compliance with regulations
Communicate compensation policies, changes, and updates clearly to HR, Management, and employees
Provide guidance on compensation related inquires and concerns
Creates and analyzes standard and adhoc reports, not limited to compensation, incentives, overtime analysis, mid-month and month-end reconciliation, etc
Ensure that all compensation practices adhere to legal and regulatory requirements
Performs other duties as assigned
Qualification
Required
5-7 years of experience in compensation and/or total rewards to include significant experience working with HR technology, data and reporting required
In-depth knowledge of compensation practices, market trends, and regulatory requirements
Must be detail oriented; possess strong problem solving and organizational skills
Ability to multitask and meet critical deadlines
Sound organizational, problem solving, and analytical skills
Ability to effectively communicate verbally and in writing
Ability to interact and build relationships at all levels
Strong analytical skills, proficiently in data analysis tools, and advanced Excel skills
Bachelor's Degree in Human Resources, Business, or related field. Alternatively, a relevant certification in the field or equivalent related work experience
Company
City National Bank of Florida
City National Bank is a financial institution that offers banking products and services to businesses, healthcare, and individuals.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Jorge Gonzalez
CEO & Vice Chairman of the Board
R
Rafael Barrera Renault
Executive Vice President, Chief Human Resources Officer
Recent News
2025-11-02
Behavioral Health Business
2025-10-01
Israel Discount Bank
2025-09-24
Company data provided by crunchbase