Manager Compensation

BECU; Washington; Hybrid; USD 151,000 - 184,000; Full time

Benefits offered by this job

401(k) Company Match

Medical, Dental & Vision

PTO + Exchange Program

Tuition Reimbursement

Volunteer time off + donation match

Job summary

BECU is seeking a Manager of Compensation to shape our compensation strategy, manage base pay programs, and lead annual incentive initiatives. You will partner with executives to align compensation with business goals and drive market competitiveness.

The role requires experience in compensation, knowledge of job design and surveys, and a focus on compliant, fair pay practices across the organization.

Qualifications

• Minimum Qualifications: Bachelor’s degree in business or human resources or equivalent experience.
• 4 years of relevant compensation experience; 1 year of people management.
• Experience with base pay programs, calibration, modeling, and salary structures.

Responsibilities

• Lead base pay programs, merit cycles, modeling, and salary structure recommendations.
• Administer annual incentive programs and serve as primary contact for related inquiries.
• Advise business leaders on compensation issues and align with business goals.
• Manage job design, evaluation, and leveling to stay current.
• Oversee external compensation market survey strategy for competitiveness.
• Contribute to performance management and drive system improvements.

Skills

Compensation strategy

Merit cycles

Salary structures

Stakeholder collaboration

Education

Bachelor’s degree in business or HR

Tools

Workday

Job description

Is it surprising to hear that a financial institution of 1.5 million members and over $30 billion in managed assets say that success comes from focusing on people, not profits? Our “people helping people” philosophy has guided us since 1935, driving our deep commitment to serving our members, communities, and each other. When you join our team, you become part of a purpose‑driven organization where your work makes a real difference. While we’re proud of our history, we’re even more excited about our future. With business and technology transformation on the horizon, there’s never been a better time to be part of BECU. You bring more than your expertise to your role, and that matters here. Your story, perspectives, and lived experiences help shape belonging at BECU and deepen how we connect with and support our employees, our members, and our communities.

PAY RANGE

The Target Pay Range for this position is $150,800.00-$184,200.00 annually. The full Pay Range is $117,300.00 - $217,800.00 annually. At BECU, compensation decisions are determined using factors such as relevant job‑related skills, experience, and education or training. Should an offer for employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.

BENEFITS – because people helping people starts with supporting you

• 401(k) Company Match (up to 3%)
• 4% annual contribution to your 401(k) by BECU
• Medical, Dental and Vision (family contributions as well)
• PTO Program + Exchange Program
• Tuition Reimbursement Program
• BECU Cares volunteer time off + donation match

IMPACT YOU’LL MAKE:

As the Manager of Compensation at BECU, you will play a pivotal role in shaping our compensation strategy to attract, retain, and motivate our talented workforce. Your leadership will ensure that our base compensation programs are not only efficient and effective but also aligned with our corporate goals. By collaborating with key stakeholders, you’ll create an environment where employees feel valued and rewarded for their contributions, helping to drive BECU’s success.

WHAT YOU’LL DO:

• Manage Base Pay Programs: Oversee the Credit Union’s overall base pay compensation programs including merit cycle, leading modeling, analyses and recommending changes to salary structures and grades to ensure fairness and competitiveness.
• Manage Annual Incentive Programs: Lead administration of annual incentive programs for employees and leaders, serving as the primary contact for inquiries related to program administration and policies.
• Advise Business Leaders: Partner with business leaders to provide guidance on compensation issues, crafting solutions that align business goals with compensation strategies, and reviewing complex compensation cases.
• Job Design and Evaluation: Manage job design and evaluation processes, ensuring job descriptions, leveling, and titling meet current needs while revising processes as necessary to stay relevant.
• Manage Salary Surveys: Oversee the external compensation market survey strategy, ensuring timely completion and evaluation of survey data to keep BECU competitive in the marketplace.
• Participate in Performance Management: Engage in cross‑functional performance management processes, contributing to system development that enhances employee performance evaluations.
• Provide Coaching and Mentoring: Offer ongoing coaching and training to foster employee growth, conducting regular performance evaluations using established competencies.
• Support M&A and Integration Activities: Lead compensation‑related activities for mergers, acquisitions, and organizational integrations, including job mapping, compensation alignment, and pay program transitions. Collaborate with HR and business partners to ensure consistent compensation practices and support successful integration outcomes.
• Ensure Compliance: Maintain a comprehensive understanding of federal, state, and local compensation laws, ensuring all practices meet legal requirements and industry standards.
• Stay Informed on Trends: Keep up‑to‑date with compensation developments and trends, recommending adjustments to compensation programs as needed to stay competitive.
• Perform Additional Duties: Take on new challenges and responsibilities as assigned, contributing to the team’s overall effectiveness.

To join our dynamic team in this role, we require candidates to be residents of WA, OR, ID, CA, and AZ. If you’re located in Washington state and within a reasonable driving distance to our Tukwila Headquarters (TFC), we encourage you come into the office on Tuesdays & Wednesdays each week. For those candidates that live outside the commutable distance to TFC and in any of our approved remote work locations, this role will be primarily remote. Remote or onsite, we are committed to ensuring you are fully engaged and included in our collaborative environment.

This isn’t just about ticking off tasks on a list. It's about making a significant, positive change in BECU’s journey, where your contributions are valued, and your growth is continually fostered.

QUALIFICATIONS:

• Minimum Qualifications: Bachelor’s degree in business or human resources or equivalent work or educational experience. 4 years of relevant compensation experience. 1 year of people management experience. Experience working with broad base compensation programs with application of conceptual, analytical, and problem‑solving skills.
• Desired Qualifications: Advanced degree. Advanced spreadsheet and database expertise with strong reporting, analysis, and modeling capabilities. Experience leading or managing programs or projects, with the ability to coordinate stakeholders, timelines, and deliverables. Experience supporting mergers and acquisitions (M&A) activities. Experience with Workday. Certification in CCP. Variable and/or executive compensation experience.

BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.

From our very beginning, BECU has been about people helping people. As a financial services cooperative, our purpose has and always will be the same: we work together to best serve our members and improve the financial well‑being of our community. With 90 years and over one million members later, we’re still rooted in our values, practices and mission - and even more passionate about our future. As one of the nation’s leading credit unions, we’re not driven by profit. We’re owned by our members and their interests are at the core of everything we do. Now we’re growing faster than ever before--but we’ll never forget our roots. To continue doing right by our members, we believe we must first do right by our people. Here, you’ll receive the resources and support you need to learn, grow and build a meaningful career. Because we know it’s our people who make us special.