Join the People Helping People

Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated fintech solutions provider. The company serves more than 4,000 financial institutions throughout North America, operating with velocity to help our clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Our purpose: We accelerate partners’ success through innovative financial technology solutions and inspired service.

The Opportunity

The Manager, Compensation Programs is responsible for the development, administration, communication, and continuous improvement of enterprise compensation and performance-related programs. This role leads key annual compensation processes including merit planning, incentive and bonus programs, performance management process, mid-year pay and promotions process, salary structure(s), market survey administration and system, and leading Total Rewards statements process.

The position partners closely with Vice President, Compensation, Compensation team, Total Rewards senior leadership, HR Business Partners, Payroll, HRIS, Finance, and business leaders to ensure compensation programs align with organizational strategy, support pay-for-performance objectives and maintain market competitiveness and compliance. This is a working manager role with hands-on development and execution of the compensation programs, and team development.

Day in the Life

• Manage the development, testing, implementation, administration, and continuous improvement of enterprise compensation programs, including annual merit, bonus, performance management, mid-year promotions and pay review, and total rewards statement processes.
• Manage the annual compensation planning cycle, including salary increases, incentive funding, market adjustments, salary structure administration, and related cost and accrual estimates.
• Lead the annual bonus program (VIP) to ensure alignment with organizational objectives and pay-for-performance philosophy.
• Lead the annual performance management process, including system administration, testing, communications, training, timelines, and reporting.
• Oversee the development, testing, and distribution process of annual Total Rewards Statements.
• Partner with HRIS, Payroll, Finance, Technology, and other stakeholders to support compensation-related systems, process enhancements, and operational effectiveness.
• Develop and deliver compensation program communications, leader resources, training materials, and presentations.
• Ensure compensation programs comply with applicable laws, regulations, governance standards, and company policies.
• Analyze compensation and performance program effectiveness, utilizing market data, workforce metrics, and organizational insights to recommend improvements.
• Create and maintain dashboards, executive reports, and key performance metrics related to compensation programs.
• Support salary structure management, pay equity analyses, and compensation governance initiatives.
• Provide consultation and guidance to HR Business Partners and business leaders regarding compensation programs, policies, and practices.
• Lead special projects and strategic initiatives, including process redesign, system implementations, integrations, and organizational changes supporting the VP, Compensation and SVP, Total Rewards
• Maintain program documentation, procedures, and internal controls to ensure consistency, accuracy, and operational excellence.

Qualifications

• Bachelor's degree in human resources, Business Administration, Finance, Accounting, IT, or a related field preferred.
• Certified Compensation Professional (CCP), or similar certification preferred.
• Ten (10) or more years of progressive direct compensation experience required.
• Seven (7) or more years leading compensation programs (i.e. annual bonus, merit, performance management).
• Two (2) or more years experience overseeing  Compensation direct reports or a team.
• Seven (7) or more years experience working with compensation programs and structures, HRIS, reporting, and incentive compensation systems. Workday experience preferred.
• Experience partnering with senior leaders and cross-functional stakeholders in a complex business environment required.
• Stront project management skills required.
• Experience performing compensation analyses, incentive modeling, forecasting, and financial evaluations required.
• Experience partnering with senior leaders and influencing compensation-related decisions.

About Velera

At Velera, inclusion isn’t an initiative – it’s how we work. Guided by a people‑helping‑people philosophy, we cultivate a culture where every employee feels valued, respected and empowered to do their best work. We’re committed to building a diverse workforce and fostering meaningful connection across our teams. Through a remote‑first, flexible environment, we prioritize psychological safety, wellbeing and belonging so individuals and teams can collaborate to thrive. Together, we’re shaping a new era of secure, innovative solutions for the clients and communities we serve. Learn more about what it’s like to work at Velera.

Pay Equity

$117,000.00 - $152,100.00

Actual Pay will be adjusted based on experience and other job-related factors permitted by law.

Great Work/Life Benefits!

• Competitive wages
• Medical with telemedicine
• Dental and Vision
• Basic and Optional Life Insurance
• Paid Time Off (PTO)
• Maternity, Parental, Family Care
• Community Volunteer Time Off
• 12 Paid Holidays
• Company Paid Disability Insurance
• 401k (with employer match)
• Health Savings Accounts (HSA) with company provided contributions
• Flexible Spending Accounts (FSA)
• Supplemental Insurance
• Mental Health and Well-being: Employee Assistance Program (EAP)
• Tuition Reimbursement
• Wellness program
• Benefits are subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions

Velera is an Equal Opportunity Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state or local law.

Velera is an Equal Opportunity Employer that complies with the laws and regulations set forth in the following "EEO is the Law" Poster. Velera will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the legal duty to furnish information.

Velera is an E-Verify Employer. Review the E-Verify Poster here.  For information regarding your Right To Work, please click here.

This role is currently not eligible for sponsorship.

As an ongoing commitment to reasonably accommodate individuals with disabilities please contact a recruiter at recruiters@velera.com for assistance.