TowneBank

Compensation & HR Systems Analyst

TowneBank  •  Suffolk, VA (Onsite)  •  16 hours ago
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Job Description

Primary Purpose:

The Compensation & HR Systems Analyst is responsible for supporting highly specialized executive, board, equity, and deferred compensation programs across the enterprise. This role requires expertise across payroll, accounting, HRIS, and executive compensation and serves as a key partner to Accounting, Legal, Payroll, and Total Rewards leadership. This position plays a critical role in ensuring accuracy, compliance, governance, and system integrity related to board compensation, deferred compensation plans, equity awards, and employment agreements.

Essential Responsibilities:

Board & Executive Compensation Administration

  • Administer monthly compensation and fee payments for regional and corporate board members, ensuring accuracy, timeliness, and proper approvals.
  • Coordinate with Payroll and Accounting Departments to ensure proper processing, reconciliation, and reporting of board compensation.
  • Prepare supporting documentation and reports for internal review, audit requests, and governance purposes.

Deferred Compensation & SERP Administration

  • Serve as the primary administrator for all non-qualified deferred compensation plans, including SERP and executive deferral programs.
  • Manage executive elections, deferrals, distributions, and plan participation records.
  • Partner with external vendors and recordkeepers to ensure accurate plan administration and participant reporting.
  • Coordinate with Accounting on accruals, reconciliations, and required financial reporting.

Equity & Restricted Stock Administration

  • Own the administration, tracking, and reporting of restricted stock awards and equity programs through the organization’s partnership with Fidelity.
  • Ensure accurate recording of equity grants, vesting schedules, forfeitures, and releases.
  • Collaborate with Payroll and Accounting to ensure proper taxation, reporting, and compliance related to equity income.
  • Provide analysis and reports to Total Rewards leadership and Legal as needed.

Employment Agreement Management

  • Own and administer an enterprise-wide system for managing employment agreements, including executive contracts, offer letters, amendments, and change-in-control agreements.
  • Ensure agreements are properly executed, stored, tracked, and maintained with appropriate controls and version management.
  • Partner with Legal and HR to establish governance standards, reporting, and audit readiness.

HRIS, Payroll & Financial Systems Support

  • Serve as a subject matter expert for executive compensation data within HRIS, payroll, and related systems.
  • Ensure accurate data flow between systems supporting payroll, equity, deferred compensation, and employment agreements.
  • Support testing, enhancements, and implementations impacting executive compensation processes.

Compliance, Controls & Audit Support

  • Ensure programs comply with applicable tax, payroll, and regulatory requirements.
  • Maintain documentation, standard operating procedures, and internal controls for all assigned programs.
  • Support internal and external audits by providing data, reports, and explanations related to executive and deferred compensation.
  • Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
  • Other duties as assigned.

Minimum Required Skills & Competencies:

  • Bachelor’s degree in Accounting, Finance, Human Resources, Business Administration, or a related field.
  • 6–8+ years of progressive experience in payroll, accounting, executive compensation, HRIS, or related functions.
  • Proven ability to manage sensitive information with the highest degree of confidentiality and integrity.
  • Advance attention to detail and analytical skills.
  • Strong working knowledge of payroll taxation, non-qualified deferred compensation, and equity reporting.
  • Strong leadership, organizational, and decision-making skills.
  • Ability to independently manage complex, time-sensitive responsibilities.
  • Excellent written and verbal communication skills with the ability to influence and advise senior leaders.
  • High proficiency in automated payroll and HR systems, Microsoft Excel, Word, and Outlook.

Desired Skills & Competencies:

  • CPA, CPP, SHRM-CP/SCP, or similar professional certification.
  • Demonstrated experience administering deferred compensation, equity awards, or executive compensation programs.
  • Prior experience within a regulated or financial services environment.

Physical Requirements:

  • Express or exchange ideas by means of the spoken word via email and verbally.
  • Exert up to 10 pounds of force occasionally, use your arms and legs, and sit most of the time.
  • Have close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.
  • Not substantially exposed to adverse environmental conditions.
  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities
TowneBank

About TowneBank

Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a mission of serving others and enriching lives. Dedicated to a culture of caring, Towne values all employees and members by embracing their diverse talents, perspectives, and experiences.

Today, the bank operates over 50 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina – serving as a local leader in promoting the social, cultural, and economic growth in each community. Towne offers a competitive array of business and personal banking solutions, delivered with only the highest ethical standards. Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy. Towne has grown its capabilities beyond banking to provide expertise through its controlled divisions and subsidiaries that include Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices RW Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations.

NOTICE TO CONSUMERS REGARDING MARYLAND LENDER LICENSEES: TowneBank is licensed to engage in business as a Maryland Mortgage Lender and assigned a unique NMLS identifier number: 512138. The NMLS Consumer Access Website is linked here: www.nmlsconsumeraccess.org

Interested in joining the Towne Family? Available positions are listed at www.townebank.com/careers. TowneBank and its affiliate companies support a diverse workforce and are Equal Opportunity Employers who do not discriminate against individuals on the basis of race, color, religion, national origin, age, sex (including pregnancy and gender identity), genetics, sexual orientation, disability, veteran status or other classification protected by law.

EOE/M/F/Disability/Vet

Industry
Finance & Insurance
Company Size
1,001-5,000 employees
Headquarters
Virginia
Year Founded
1999
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