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Manager, Payroll and Total Rewards

COMPANY DESCRIPTION:  Forbright is a nationwide full-service bank and lender helping accelerate the transition to a sustainable and low-carbon economy. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable economy by financing visionary leader in clean energy, healthcare, technology, financial services, real estate, and other industries with extraordinary service.


COMPANY CULTURE:  We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible environmental, social, and governance practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.


COMPANY MISSION:  We are a mission-driven institution. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbright’s capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a more sustainable future.


JOB SUMMARY: The Manager, Payroll and Total Rewards is responsible for the oversight of the Company’s total rewards program and payroll processing for 500+ employees nationally on a semi-monthly payroll.


DUTIES AND RESPONSIBILITIES:
  • Payroll:
  • Provide oversight to ensure payroll and related processes are accurate, efficient, timely, and in compliance with internal controls, tax regulations, and applicable federal, state, and local legislative compliance requirements 
  • Manage all payroll tax inquiries and filings and garnishments 
  • Handle escalated payroll inquiries/matters  
  • Perform audits and troubleshoot issues to maintain payroll accuracy 
  • Generate reports and assist with reconciliations 
  • Oversee compliance with statutory reporting and filing requirements 
  • Collaborate on system updates related to payroll, and provide training to team members on procedures and compliance 
  • Act as liaison with third party providers for payroll processing such as 401(k)  

  • Benefits and Compensation:
  • Oversee the administration of the Company’s benefit programs, including health and welfare benefits and retirement benefits, as well as unemployment and workers’ compensation insurance 
  • Partner with benefits and retirement administrators/vendors to maintain compliance with federal/state regulations – ERISA, HIPAA, FMLA, COBRA, ACA, ADA and others 
  • Provide support to the Benefits Specialist for leave of absence administration, including the preparation of leave schedules, review of benefit prorations, etc. 
  • Partner with the employee engagement team to execute wellness programs and events 
  • Ensure benefit documents are accurate and up to date in the HRIS system 
  • Ensure compliance with reporting requirements such as 5500s and non-discrimination testing 
  • Provide guidance with different state laws as it pertains to wage notices and payout, notice of hires, PTO pay out, required sick leave, etc. 
  • Proactively anticipate and stay informed of information related to impacts on regulations, market practices, trends, economic factors, and risk and participate in benefit surveys 
  • Partner with compensation team to ensure total rewards are competitive and research/benchmark best practices, systems, and programs 
  • Manage job grades, salary bands, and bonus targets in the HRIS and take the lead on evaluating them annually, at a minimum 
  • Partner with the Talent Acquisitions team / HRBPs to manage the job evaluation process, including reviewing/approving job descriptions in the Company’s platform for new positions and ongoing maintenance of existing job descriptions to ensure consistency and alignment with the job grades 
  • Evaluate and identify FLSA classifications to ensure compliance 
  • Assist in internal and external compensation benchmarking, including participating in company market data surveys and analyzing external data 
  • Participate in administration of year-end compensation process 

  • General:
  • Provide back-up support to the payroll and total rewards team 
  • Assist with audit requests by providing records and documentation to HR team members and auditors, as needed 
  • Perform other duties as assigned 


SUPERVISORY RESPONSIBILITIES:
  • Supervise assigned employees by organizing and monitoring work progress  
  • Maintain staff by recruiting, selecting, orienting, and training employees  
  • Manage performance of employees through development, coaching, and counseling  


QUALIFICATIONS:
  • High School Diploma or GED required; Bachelor's Degree in Accounting, Finance, Business Administration or related field preferred 
  • A minimum of 8 – 12 years of experience administering benefits and payroll operations/compliance, including managing payroll tax and benefits compliance for a multi-state/national employer with at least 150 employees required 
  • A minimum of 2 years of people management experience required 
  • Experience with Namely HRIS strongly preferred  
  • Experience managing compensation programs strongly preferred 
  • Certified Payroll Professional (CPP), Certified Public Accountant (CPA) or Certified Employee Benefits Professional (CEBS) designation preferred 
  • Knowledge of applicable local, state, and federal laws 
  • Knowledge and ability to use MS Outlook, Word, and PowerPoint to perform essential functions of the job 
  • Strong and proficient Excel skills (e.g., vlookups, pivot tables, macros) required 
  • Outstanding organizational, problem-solving, and time management skills 
  • Basic accounting and math skills 
  • Strong analytical skills, highly organized and detail-oriented; high degree of accuracy 
  • Ability to learn new systems quickly 
  • Effective oral and written communication skills 
  • Process driven, self-motivated, and can work independently 
  • Works well in a team environment and can be effective in a fast-paced work environment 
  • Ability to build rapport with individuals at all levels in the organization 
  • Ability to maintain confidential information 


The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. $120,000 (entry level qualifications) to $150,000 (highly experienced).



POSITION REQUIREMENTS: We are committed to creating an inclusive workplace where all employees are capable of performing their job position. Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion. The functions described below are representative of those to successfully perform duties of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. While performing duties of this job, the employee may be regularly required for extended periods of time to:

• Remain in a stationary position

• Use hands and fingers 

• Utilize a computer monitor with visual acuity

• Operate technology or other office machinery such as printers, scanners, etc.

• Communicate clearly verbally and/or in writing with others

• Walk, stoop down, crouch, kneel or bend over


ADDITIONAL DUTIES: For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description. 


PERKS/BENEFITS:

• Comprehensive health, dental, and vision plans

• 4 weeks PTO

• 401k + company match

• Metro SmartTrip benefits ($50/mo)

• Remote or hybrid work schedules for most positions

• Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.

• Paid subscriptions to Veterans Compost, Imperfect Foods, and more!

• Best Workplaces for Commuters 2023 & 2024 winner

• The Washington Post Top Workplaces 2023 & 2024 winner

• American Banker Best Banks to Work For 2023 winner


It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.

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CEO of Forbright Bank
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Don Cole
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Average salary estimate

$135000 / YEARLY (est.)
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$120000K
$150000K

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What You Should Know About Manager, Payroll and Total Rewards, Forbright Bank

As the Manager, Payroll and Total Rewards at Forbright, you'll play a key role in shaping the employee experience for our over 500 team members across the nation. We're not just any bank; we’re committed to driving the transition to a sustainable economy. Your responsibilities will span the oversight of payroll processing and the administration of our total rewards program, ensuring that everything runs like a well-oiled machine. Imagine leading the payroll operations with accuracy and efficiency, managing compliance with various regulations while also overseeing the benefits and compensation programs that keep our employees happy and engaged. You’ll work closely with multiple departments, collaborating to create wellness events and ensuring benefits documents are up-to-date. This is not just about numbers; it’s about people, their wellbeing, and fostering a supportive work environment. You’ll need to stay on top of market trends and regulations, ensuring that our compensation framework is competitive and fair. Your leadership skills will shine as you supervise your team, guiding them towards success and efficiency. Plus, with our dynamic culture at Forbright, you'll find a workplace that values collaboration, innovation, and diversity. The goal is simple: support our passionate team while contributing to a mission that truly matters. If you're looking for a fulfilling position where your payroll and benefits expertise can make a real difference, apply for the Manager, Payroll and Total Rewards role with Forbright today!

Frequently Asked Questions (FAQs) for Manager, Payroll and Total Rewards Role at Forbright Bank
What are the responsibilities of the Manager, Payroll and Total Rewards at Forbright?

The Manager, Payroll and Total Rewards at Forbright is responsible for overseeing all aspects of payroll processing for over 500 employees, ensuring accuracy and compliance with tax regulations. Additionally, this role includes managing employee benefit programs, conducting audits, collaborating with third-party providers, and ensuring adherence to federal and state regulations. The position also involves leading the compensation framework to ensure competitive and fair rewards for all employees.

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What qualifications are needed for the Manager, Payroll and Total Rewards position at Forbright?

To be considered for the Manager, Payroll and Total Rewards position at Forbright, candidates should ideally have a Bachelor's Degree in Accounting, Finance, or Business Administration. They must also possess a minimum of 8-12 years of experience in payroll and benefits administration, including managing compliance for a multi-state employer. Recent managerial experience and proficiency with Namely HRIS are preferred, along with the ability to work effectively in a fast-paced environment.

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How does Forbright support employee benefits and compensation?

Forbright is dedicated to supporting its employees through a comprehensive benefits program, which includes health, dental, and vision plans, as well as a 401(k) plan with company matching. The Manager, Payroll and Total Rewards will oversee the administration of these benefits and ensure they are compliant with regulations. They will also participate in market data surveys to benchmark compensation practices and help maintain competitive salary structures.

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What is the work culture like at Forbright for the Payroll and Total Rewards Manager?

The work culture at Forbright is dynamic, high energy, and focused on collaboration and innovation. As a Manager, Payroll and Total Rewards, you will thrive in a fast-paced environment that values inclusion, flexibility, recognition, and giving back. Forbright encourages its team members to embody its mission-driven philosophy, creating a supportive atmosphere where passionate individuals can make a real impact.

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What kind of career advancement opportunities exist for the Manager, Payroll and Total Rewards at Forbright?

At Forbright, the Manager, Payroll and Total Rewards position offers significant career advancement opportunities. Due to the company's rapid growth and commitment to employee development, individuals in this role can expect to grow their expertise and potentially move into executive-level positions within the HR or Finance departments, especially considering leadership skills and strategic vision.

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Common Interview Questions for Manager, Payroll and Total Rewards
Can you describe your experience with payroll processing in a multi-state environment?

Highlight your previous roles where you managed payroll for a multi-state employer, focusing on compliance challenges, tax regulations, and how you ensured accuracy across different states.

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What strategies do you use to stay updated on changes in employment and benefits laws?

Discuss your proactive approach to continuous learning, such as subscribing to relevant industry publications, attending webinars, or participating in professional organizations related to payroll and total rewards.

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How do you handle discrepancies or disputes regarding payroll?

Share your methodology for investigating discrepancies, including communication strategies with employees to ensure they feel heard while working towards a resolution efficiently.

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What metrics or KPIs do you believe are essential for measuring payroll efficiency?

Talk about key performance indicators such as payroll accuracy rates, time taken to resolve issues, and employee satisfaction levels regarding payroll services that you believe reflect efficiency.

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How do you ensure compliance with regulatory changes related to payroll and benefits?

Explain your approach to keeping track of regulatory changes, whether through networking, legal resources, or training, and how you implement those changes within your payroll processes.

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Describe a successful project you managed in implementing a payroll or benefit system.

Provide a specific example of a project where you led the implementation of a payroll or benefits system, focusing on your role, challenges faced, and the positive outcome achieved.

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How do you promote a culture of transparency and trust with your team regarding compensation?

Discuss practices you have implemented to encourage open discussions about compensation, such as regular team meetings, anonymous feedback channels, or clear communication of salary structure.

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What are the key aspects of effective benefits communication to employees?

Outline important elements such as clarity, accessibility, regular updates, and how you ensure all employees understand their benefits options and resources available to them.

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How do you balance the need for compliance with employee engagement in benefits programs?

Explain how you can create engaging benefits programs while ensuring they meet legal and regulatory standards, perhaps through employee feedback or benefit fairs.

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What are your procedures for conducting benefits audits?

Describe your process for performing audits, including the steps you take to gather data, analyze records, ensure compliance, and report findings.

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Forbright Bank is a leading full-service bank, commercial lender and asset manager headquartered in Chevy Chase, Maryland. The company offers to team members a culture of collaboration, inclusion, flexibility, recognition, and giving back.

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Full-time, hybrid
DATE POSTED
January 10, 2025

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