Benefits & Compensation Manager

The Benefits & Compensation Manager is responsible for the design, implementation, and administration of all benefit and compensation programs for NABRICO Marine Products. This role ensures that total rewards strategies are competitive, cost-effective, and aligned with business objectives, while supporting employee engagement and retention across a multi-site manufacturing environment.

This position plays a critical role during organizational transition, including benefits vendor selection, 401(k) plan establishment, and ensuring continuity and clarity of employee offerings.

Key Responsibilities

Benefits Strategy & Administration

• Lead the design, implementation, and ongoing administration of health, welfare, and retirement benefit programs
• Serve as primary liaison with benefits brokers, consultants, and vendors
• Oversee open enrollment planning, employee communications, and program education
• Ensure seamless transition and implementation of benefits programs in a post-transaction environment
• Manage compliance with ERISA, ACA, COBRA, HIPAA, and other regulatory requirements

Compensation Strategy & Administration

• Design and manage compensation programs for hourly and salaried employees, ensuring internal equity and external competitiveness
• Lead annual merit planning process, including budget modeling, calibration, and leader guidance
• Partner with leadership on job evaluations, promotions, and market pricing
• Support and administer incentive programs (STI, attendance programs, production incentives, etc.)
• Conduct compensation analysis and provide recommendations using market data and internal trends

401(k) & Retirement Programs

• Lead the transition and establishment of the standalone NABRICO 401(k) plan (including plan termination/spin-out considerations if applicable)
• Partner with vendors (e.g., recordkeepers, advisors) to ensure smooth implementation and administration
• Oversee company match, employee contributions (pre-tax and Roth), and loan administration
• Provide clear communication and education to employees during transition and ongoing plan participation

Analytics & Reporting

• Develop and maintain compensation and benefits dashboards (turnover, cost analysis, participation rates, etc.)
• Provide data-driven insights to leadership to support decision-making
• Monitor trends and recommend program adjustments to improve retention and engagement

Compliance & Risk Management

• Ensure all compensation and benefits programs comply with federal, state, and local regulations
• Partner with legal and HR leadership to mitigate risk and ensure proper governance
• Maintain documentation, plan documents, and audit readiness

Employee Communication & Experience

• Develop clear, concise communication materials explaining compensation and benefits programs
• Support leaders with talking points and FAQs (especially during transitions)
• Enhance employee understanding of total rewards to drive engagement and retention

HR & Business Partnership

• Partner with HR Business Partners and Operations Leaders to align total rewards with workforce strategy
• Support talent acquisition efforts with competitive offers and market insights
• Participate in broader HR initiatives including engagement, retention, and workforce planning

Scope of Responsibility

• Enterprise-wide responsibility for compensation and benefits programs
• Multi-site manufacturing workforce (hourly and salaried)
• Direct interaction with executive leadership, HR, Finance, and external vendors

Qualifications

Education & Experience

• Bachelor’s degree in human resources, Finance, Business, or related field required
• 7+ years of experience in compensation and/or benefits administration
• Experience in manufacturing, industrial, or multi-site environments strongly preferred
• Experience with benefits transitions, M&A, or organizational startup highly desirable

Knowledge & Skills

• Strong knowledge of compensation structures, market pricing, and incentive design
• Deep understanding of benefits regulations and compliance requirements (ERISA, ACA, etc.)
• Experience managing 401(k) plans and vendor relationships
• Strong analytical and financial modeling skills
• Excellent communication skills with the ability to translate complex information clearly
• High attention to detail and strong project management capability

Leadership Competencies

• Demonstrates strong business acumen and financial mindset
• Drives execution with accuracy and accountability
• Build trust through transparency and consistency
• Navigates complexity and leads through change
• Influences stakeholders across all levels of the organization

Working Conditions

• Primarily office-based with periodic travel to operating locations
• May require additional hours during key cycles (merit planning, open enrollment, transition milestones)

Why Join NABRICO Marine Products

This role offers a unique opportunity to build and shape total rewards programs from the ground up during a pivotal time for the organization. The Compensation & Benefits Manager will directly influence employee experience, retention, and the overall success of NABRICO Marine Products.