Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit cit.com.
This position will be responsible for the execution of various activities supporting CIT's Compensation department, including base salary, and short-term and long-term incentives planning and execution. He/she will act as a consultant to the HR Business Partners on compensation matters, support the year-end compensation process, and assist with internal controls.
Collaborate with HR Business Partners and Recruiters to provide input and guidance on new hires, promotions, and other compensation matters
Support reporting and analysis, including data integrity and quality for annual compensation tracking and accrual processes
Assist with planning, support and communication for the year-end compensation process (incentive and salary recommendations), including summary reporting to Senior Management
Assist with survey participation and the preparation of market competitiveness analyses. Support development of salary and total compensation ranges and guidance
Collaborate with other corporate functions (e.g., Legal, Accounting, Tax) to support compensation practices and activities
Lead or support other compensation projects as required
Minimum of BS/BA degree and five years of Compensation experience. Financial services industry experience preferred
Strong attention to detail and advanced knowledge of Microsoft Excel
Exceptional analytical, data and project management skills.
Familiarity with PeopleSoft a plus
Demonstrated ability to work successfully both independently and as part of a team.
Able to establish strong working relationships with colleagues and clients, and manage multiple priorities in a fast-paced environment