Compensation Consultant, Executive and Equity

Job Locations US-IL-Chicago
Category/Function
Human Resources
Position Type
Regular Full-Time
Requisition ID
2022-10074

Overview

Our office is located at 8750 West Bryn Mawr, Chicago and just east of Rosemont with free parking.  We are conveniently located very close to the O'Hare Blue line, only a short walk close to our building.

 

First Midwest Bank and Old National Bank have merged! As a result, the combined company is the 6th largest commercial bank based in the Midwest and 28th largest bank in the U.S. by assets, with $45 billion in total assets, an additional $33 billion in wealth management assets, over 270 branches in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota and Wisconsin, and approximately 4,000 employees.

 

We will continue to be a relationship-focused financial institution and provide a full range of commercial, treasury management, capital markets, equipment leasing, consumer, mortgage, wealth management, trust and private banking products and services.

 

Our growth provides career opportunities for our employees as well as our increase capabilities to reach even more and larger clients. all while retaining our great Midwest cultural values.

 

Old National Bank was established in 1834. Today, we are the largest financial services holding company headquartered in Indiana. We provide an array of services to our clients which include Community Banking, Investments, and Wealth Management. At Old National, we believe that by helping our associates balance work life with home life, we create a more productive workforce and a stronger company. 

 

This is a visible role as the Executive and Equity Compensation Consultant.  This position will report to the Compensation Director, you will be responsible for the administration of the Company’s equity compensation plans, along with providing support in the area of Executive Compensation.  This position will provide analysis on market data and trends, along with providing support for the creation of materials for the Compensation Committee of the Board of Directors.

 

DUTIES/RESPONSIBILITIES:

Executive Compensation: 

  • Prepare and provide data for the Company’s annual proxy statement
  • Prepare detailed analysis of the company’s target pay compared to both internal and external data sources
  • Provide analytical support on the design and delivery of all executive compensation programs
  • Assist with the preparation of all required public disclosures related to Executive Compensation
  • Assist in the creation of all materials for the Compensation Committee of the Board of Directors
  • Build and maintain strong working relationships at all levels within the Company
  • Serve as an expert in all areas of Executive Compensation
  • Prepare and update performance metric analysis for long-term and short-term incentive compensation plans
  • Partner in administration of year-end compensation planning process

 

Stock Plan Administration: 

  • Lead the administration of the Company’s equity compensation plans including processing of all equity award activity in the Company’s administration system
  • Prepare participant award communications and educational material
  • Produce and analyze all reports for period end expense, share dilution, tax, and accounting
  • Assist with SEC and other regulatory compliance activities including: equity award disclosures for 10-Q, 10-K, and annual proxy; SOX 404 compliance and testing; and SFAS 123R reporting
  • Prepare equity related financial forecasts and weighted average share dilution computations
  • Recommend and initiate appropriate policies and procedures to facilitate efficient stock administration
  • Serve as resident expert related to the administration of equity awards and ensure data integrity, input and maintenance of database, including upgrades and enhancements

 

Skills and Qualifications:

  • BS/BA in Business, Finance or Accounting
  • 3-5 years of experience in compensation and/or stock administration with a publicly traded company or equivalent experience that exhibits the ability to perform critical functions of position
  • Strong analytical, problem-solving, planning, and project management skills
  • Advanced proficiency in MS Excel, Word and PowerPoint
  • Excellent oral, written and interpersonal communication skills
  • Ability to prioritize and handle several projects in a fast paced environment
  • Highly self-motivated, detail oriented with strong organizational skills

 

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. 

 

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law. 

 

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Talent Acquisition Director, VP, to fill a specific position.

 

 

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