Compensation Director jobs in West Virginia
Compensation Director is responsible for the design, implementation, and ongoing evaluation of the organization's compensation programs, including base pay, incentive pay, and performance management programs. Leads the compensation function and works with senior management to ensure that compensation strategy and programs support the organization's business objectives, meet all legal requirements, and deliver value and equitable pay. Being a Compensation Director develops compensation budget for assigned areas and manages budget after it is approved. Establishes data collection and analysis processes for market, pay equity, and other compensation studies. Additionally, Compensation Director may be responsible for entire organization or for one or more major segments of a larger organization. Requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a head of a unit/department. The Compensation Director typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Compensation Director typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Recently Added Compensation Director jobs
Director, Workers' Compensation Claims - Commercial Lines Large WV Team
- Encova Service Corp
-
Virginia, WV
FULL_TIME
- The salary range for this job posting is $94,784.00 - $151,654.00 annually bonus benefits The above represents the salary range for this job requisition. Ultimately, in determining your pay, we'll consider your location, education, experience, and other job-related factors. Your recruiter can share more information about the specific salary range during the hiring process. This role will report to a Regional Vice President, Commercial Lines and may work a hybrid schedule in our Charleston, West Virginia office. We will consider candidates outside of WV who are willing to work in the Charleston, WV office on a designated hybrid schedule. JOB OBJECTIVE: The Director, Workers’ Compensation Claims is responsible for oversight of the day-to-day performance of the business team claims adjusters, return-to-work specialists, and nurse case managers. In the regional offices, the safety & loss control consultants (SLC) on the business team will also have a dotted line report to this position. This position’s objective is to provide leadership that assures superior, cost-effective service and compliance with adopted best claims practices, and loss control practices if applicable, to eliminate unwarranted loss. ESSENTIAL FUNCTIONS: 1. Supervise claims management activities for the business team members. 2. Ensure that new policyholders are properly on-boarded. Track these results using Encova systems. 3. Evaluate and assign claims to team adjusters, following proper protocols. 4. Provide guidance to assist with identification of possible complications related to developing injury/exposure claims. 5. Assure establishment of appropriate reserve values throughout the life of the claim. Approve and adjust reserves as necessary. 6. Consult with internal/external medical, legal, and vocational professionals on current and/or recommended treatment, litigation or rehabilitation plans to assist the adjuster in reaching achievable and appropriate claim outcome. 7. Analyze medical, legal and vocational rehabilitation reports compared to established guidelines. Advise staff on findings outside of established guidelines. 8. Supervise and assist business team claims staff with investigation, evaluation and settlement of assigned claims thru application of technical knowledge and human relation skills to effect fair and prompt claim closure and to contribute to a reduced loss ratio. 9. Support and assist claims staff with the investigation and pursuit of subrogation recoveries. 10. Participate in claim discussions at team staffing. Provide guidance when needed. 11. Represent the organization on special projects; carry out speaking engagements for local meetings or conferences. 12. Train and mentor new associates on claims and unit procedures. 13. Work collaboratively with team adjusters, outside counsel, injured employee, employer, health and rehabilitation professionals to manage claim costs, promote quality medical care and timely return-to-work (RTW) to achieve optimum cost-effective medical and vocational outcomes. 14. Perform file reviews for claims staff as part of the Quality Assurance program to assure that claims are being handled in accordance with the company’s set best practices. 15. Facilitate meetings with policyholders, both independent of and in concert with the Business Director. 16. Work collaboratively with Claims Operations and the Best Practice Leader on projects involving claim policies, procedures and best practices. 17. Identify, develop, and analyze claims-related reports to assist and advise the Business Director of current and future profitability outcomes. 18. If SLC oversight is part of responsibility, perform periodic ride-alongs with SLC Specialists to ensure proper loss prevention and mitigation is being delivered to Encova customers. 19. If SLC oversight is part of responsibility, participate in SLC performance review conversations with the Business Director. OTHER FUNCTIONS: 1. Non-essential function: other duties as assigned. KNOWLEDGE, SKILLS AND ABILITIES: • Bachelor’s degree from an accredited college or university preferred. • Five years of insurance experience with a private carrier, former workers’ compensation commission, agency or third-party administrator required. • Preference may be shown to a candidate with multiple state insurance experience. • Preference may be shown to a candidate with claims adjusting, case management, or safety and loss control experience. • Preference may be shown to a candidate with previous managerial experience. • Must hold or be eligible to obtain an adjuster’s license in applicable states. • Must pass the claims adjuster license exam(s) for applicable states within six months of being hired. • Demonstrate the ability to motivate people toward a common goal. • Proven record of providing support as mentor and resource for fellow team members. • Proven record of effective communication. • Advanced knowledge of workers compensation insurance practices, statute, precedents and government regulations. • Understand the implications of both current and future decisions. • Combine pieces of information to form general rules or conclusions. • Uses logic and reasoning to identify strengths and weaknesses of alternative solutions, conclusions, or approaches to problems. • Can translate and explain the meaning of information presented and how that information may be used to effectively make decisions and develop strategies. • Can evaluate relative costs and benefits of potential actions to choose the best action. • Can bring parties together to reconcile differences. • Effectively manages time without direct supervision. • Use relevant information and expertise to determine whether events or processes comply with laws, regulations or standards. • Analyze information and evaluates results to choose the best solution. • Identify complex problems and reviews related information to develop and evaluate options and implement solutions. • Work effectively in a team environment. • Able to arrange items or actions in a certain order or pattern according to a specific rule or set of rules. • Understand how claim costs affect loss ratios, the overall profitability of an account and ultimately, a book of business. • If SLC oversight is part of responsibility, understand how claim, incident and near miss frequency impacts future loss activity and ultimately the profitability of an account/book of business. • Ability to work effectively in a paperless environment. This position has been evaluated in accordance with the Americans with Disabilities Act. Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it. This description reflects the nature and level of work performed by associates in this position. It is not an all-inclusive inventory of duties, responsibilities and qualifications required. It provides an accurate overview of the work and skills needed to perform this position. Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons. Ready to join our team? At Encova Insurance, we firmly believe that our associates drive our company’s success by delivering unrivaled service to our customers. With success in mind, we make an ongoing effort to provide an environment that offers challenging, stimulating and financially rewarding opportunities. Join us to discover a work experience where your diverse ideas will be met with enthusiasm – where you can learn and grow to your fullest potential. What you can expect from us Join our family of industry leaders, and let us reward you with a competitive salary, bonus and benefits package that includes but is not limited to: a 401(k), wellness programs, bonus incentive plans and flexible schedules, with an early close of the office every Friday. Additionally, Encova aspires to be an outstanding corporate citizen in all the markets we serve; we encourage and support associate participation in community initiatives through our foundations. Encova Insurance is an EOE/E-Verify employer. We are providers of peace of mind Encova Insurance is built on a simple philosophy of delivering unparalleled service to our agents, policyholders and associates. Our dedication to service is matched only by our commitment to being a financially sound enterprise that will be there for our customers when they need us most. Encova combines the benefits of a national company with those of a community-based brick and mortar through our Main Street values and our trusted relationship with our independent agents. Dedicated to success Encova stands on the quality and training of our people. The initiative, innovation, problem-solving skills and abilities of our associates contribute to our continued growth and success. By recruiting exceptional people, we have formed a positive work environment that will stimulate, challenge and reward you. We recognize the individual performance of our associates with a progressive salary program and our generous benefits package that includes but is not limited to: a competitive 401(k) company match, wellness programs, bonus incentive plans and flexible schedules, with an early close of the office every Friday. Unique residence requirements are listed in each job posting, please review closely for details. Encova is only able to employ associates who reside and work within specific U.S. states. Our current policies are based on the laws in states in which we are registered for payroll. Please see our current footprint above. Don't see the dream job you are looking for? Drop your name, email, phone number, and resume here.
- 12 Days Ago
Workers Compensation Specialist
- Hollywood Casino at Charles Town Races
-
Charles Town, WV
FULL_TIME
- WE’RE CHANGING ENTERTAINMENT. COME JOIN US. SUMMARY The WC Specialist is responsible for assisting the Director, Compliance/Risk in creating, compiling and maintaining various reports, spreadsheets, d...
- 6 Days Ago
Workers' Compensation Paralegal
- Confidential
-
Morgantown, WV
FULL_TIME
- Experienced Workers Compensation paralegal needed.Job descriptionLooking to hire an experienced Workers Compensation/Litigation Paralegal to join our firm in our Morgantown, West Virginia office. Cand...
- 24 Days Ago
Compensation Analyst 1 -- Compensation and Benefits -- General-419 Brooks St.
- CAMC Health System
-
Charleston, WV
FULL_TIME
- Provision of optimum assistance to the System Director of Human Resources Services in designing, implementing, evaluating, and administering an effective compensation program for all employees. Ensure...
- 15 Days Ago
Director
- Mountain Laurel Learning Center
-
Thomas, WV
FULL_TIME
- ABOUT US: The Mountain Laurel Learning Cooperative (MLLC) is a non-profit educational organization committed to the mission of inspiring children to become joyful, life-long learners and engaged, comp...
- 24 Days Ago
Gastroenterology South Of Morgantown, Wv - 90th% Compensation + Wvu Affiliate
- Enterprise Medical Recruiting
-
Virginia, WV
FULL_TIME
- Enterprise Medical Recruiting is assisting a hospital south of Morgantown, West Virginia in recruiting a new Gastroenterologist to join a well-established practice in a state-of-the-art Medical Office...
- 1 Month Ago
Compensation Director jobs at Popular Companies
Compensation Director (Hybrid)
- First American Financial
-
Santa Ana, CA
- Who We Are Join a team that puts its People First! Since 1889, First American (NYSE: FAF) has held an unwavering belief ...
- 4/18/2024 12:00:00 AM
Far West Division Compensation Director
- HCA
-
Henderson, NV
- This position is incentive eligible. Salary Estimate: $109387.20 - $164091.20 / year Learn more about the benefits offer...
- 4/18/2024 12:00:00 AM
Workers' Compensation Director - Diamond Bar, CA
- The Travelers Indemnity Company
-
Diamond Bar, CA
- Who Are We? Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this...
- 4/18/2024 12:00:00 AM
Sales Compensation Director
- Hays
-
Tampa, FL
- What future do you want to create? At Hays, we believe in being lifelong partners - to our people as well as our custome...
- 4/17/2024 12:00:00 AM
Compensation Director
- American Family Insurance Group
-
Chicago, IL
- As Director of Compensation you will oversee the planning and administration of company compensation plans for all emplo...
- 4/17/2024 12:00:00 AM
Account Director I
- Lumen
-
SAN JOSE, California 95131
- About Lumen Lumen connects the world. We are igniting business growth by connecting people, data and applications – quic...
- 4/17/2024 12:00:00 AM
Account Director - Enterprise
- Lumen
-
SAN FRANCISCO, California 94111
- About Lumen Lumen connects the world. We are igniting business growth by connecting people, data and applications – quic...
- 4/17/2024 12:00:00 AM
Account Director II
- Lumen
-
SEATTLE, Washington 98121
- About Lumen Lumen connects the world. We are igniting business growth by connecting people, data and applications – quic...
- 4/17/2024 12:00:00 AM
About West Virginia
West Virginia (/vərˈdʒɪniə/ (listen)) is a state located in the Appalachian region in the Southern United States and is also considered to be a part of the Middle Atlantic States. It is bordered by Pennsylvania to the north, Maryland to the east and northeast, Virginia to the southeast, Kentucky to the southwest, and Ohio to the northwest. West Virginia is the 41st largest state by area, and is ranked 38th in population. The capital and largest city is Charleston.
West Virginia became a state following the Wheeling Conventions of 1861, after the American Civil War had begun. Delegates from so...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Compensation Director jobs
$159,890 to $210,180
Most Popular Cities in West Virginia for Compensation Director Jobs
What does a Compensation Director do?
Compensation Director in Santa Barbara, CA
Compensation and Benefits Managers plan, direct, or coordinate compensation and benefits activities of an organization.
January 06, 2020
The Office of the Provost is responsible for all faculty hiring and compensation decisions, though much of the hiring, performance assessment, and compensation decisions are made at the level of the academic schools by deans or their designees.
December 26, 2019
Compensation Director in Florence, SC
Compensation and benefits managers consult with department heads and management in order to discuss benefits, compensation and compliance needs.
February 04, 2020
Compensation Director in Albany, GA
The compensation and benefits manager plays a key role in coordinating the corporate compensation and benefits department.
February 21, 2020