Associate, Compensation

  • CIT Group Inc.
  • New York, New York
  • 09/29/2020
Full time

Job Description



About CIT


CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about .


Overview


This position will report to the VP, Compensation and be responsible for the execution of various activities supporting CIT's Compensation team, 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 and support the year-end compensation process.



  • With oversight from the VP, Compensation, collaborate with HR Business Partners 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 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

Requirements:



  • Minimum of BS/BA degree and two to five years of Compensation experience. Financial services industry experience preferred
  • Strong attention to detail and advanced knowledge of Microsoft Excel
  • Exceptional analytical, data and organizational 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
  • Excellent oral and written communication skills
  • Client-focused, proactive and results-oriented




CIT is committed to Equal Employment Opportunity. It is the policy of CIT to provide equal employment opportunities to all qualified applicants without regard to their race or perceived race (including traits historically associated with race, such as hair texture and protective hairstyles), color, national origin, nationality, ancestry, citizenship, immigration status, age), sex (including pregnancy, lactation, childbirth or related medical conditions), actual or perceived gender, gender identity, gender expression or transgender (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), religion, creed, marital status, family status, domestic partnership or civil union status, affectional or sexual orientation, atypical hereditary cellular or blood trait, genetic information or predisposition or carrier status (including testing and characteristics), status as a victim of domestic violence, actual or perceived status as a caregiver, military service, protected veteran status, mental or physical disability, perceived disability, record of disability, medical condition, AIDS and HIV status, or any other protected characteristic established by applicable federal, state, or local laws. If you would like more information about your EEO rights as an applicant under the law, please click here:


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