MGE Energy Inc

Director Total Rewards

MGE Energy Inc$125K — $150K *
Energy & Utilities
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Human Resources, Business Administration, Finance, Accounting, Economics, or related field.
  • Advanced degree or certifications (CEBS, CCP, CBP, SHRM-SCP, or SPHR) preferred.
  • 10-15+ years of experience in total rewards, compensation, benefits, retirement, or related HR functions.
  • Proven experience in leading strategy and program design for total rewards.
  • Prior experience in people leadership and managing direct reports.
  • Experience in complex environments (regulated, unionized) preferred.
  • Collaborative experience with Finance, Legal, senior leaders, and vendors.

Responsibilities

  • Lead the design and continuous improvement of total rewards programs.
  • Oversee compensation structures and incentive programs for equity and competitiveness.
  • Ensure employee benefit programs are compliant, current, and financially sound.
  • Guide retirement program governance and vendor management in line with strategic goals.
  • Partner with HR, Finance, and Legal to manage risks and evaluate program effectiveness.
  • Utilize data to forecast needs and communicate insights to leadership.
  • Develop policies and tools that enhance transparency and governance in rewards decisions.

Benefits

  • Opportunity to shape impactful employee programs.
  • Ability to work in a highly regulated utility environment.
  • Collaboration with senior leadership and external advisors.
  • Professional development opportunities by leading a team of rewards professionals.
  • Competitive, comprehensive benefits package tailored to employee needs.
Full Job Description
Madison Gas and Electric is looking for a strategic, business-minded Director Total Rewards to lead the design, governance, and continuous improvement of our compensation, benefits, retirement, and rewards programs. This role is an opportunity to shape programs that support employees, strengthen business decisions, and help MGE remain competitive, compliant, and financially responsible in a highly regulated utility environment.
What You'll Do
  • Lead the strategy, design, administration, and continuous improvement of MGE's total rewards programs, including compensation, health and welfare benefits, retirement programs, and recognition practices.
  • Oversee compensation structures, job evaluation, incentive programs, and annual review processes that support internal equity, market competitiveness, regulatory expectations, and sound business decisions.
  • Provide strategic oversight for employee benefit programs, ensuring offerings are current, competitive, financially responsible, and compliant with applicable laws and plan requirements.
  • Guide retirement program strategy, governance, vendor management, administration, and communication in alignment with organizational objectives and fiduciary expectations.
  • Partner with HR leadership, Finance, Legal, senior leaders, and external advisors to evaluate program effectiveness, manage risk, and support executive-level rewards decisions.
  • Use workforce, financial, market, and benefits data to evaluate trends, forecast needs, inform recommendations, and communicate insights to leadership.
  • Lead rewards-related policy development, process improvements, employee communications, and manager tools that support consistent, transparent, and well-governed decisions.
  • Manage vendor, consultant, broker, and advisor relationships to ensure services deliver value, comply with requirements, and support MGE priorities.
  • Develop and manage departmental budgets, project plans, and priorities for total rewards initiatives.
  • Lead, coach, and develop a team of rewards professionals by setting clear expectations, building capability, and ensuring high-quality service delivery.
What You'll Bring
  • Bachelor's degree in Human Resources, Business Administration, Finance, Accounting, Economics, or related field required.
  • Advanced degree or professional certification such as CEBS, CCP, CBP, SHRM-SCP, or SPHR preferred.
  • 10-15+ years of progressive total rewards, compensation, benefits, retirement, or related human resources experience required.
  • Experience leading total rewards strategy, program design, governance, vendor management, and executive-level recommendations required.
  • Prior people leadership experience with direct reports required.
  • Experience supporting compensation and benefit programs in a regulated, unionized, or similarly complex environment preferred.
  • Experience partnering with Finance, Legal, senior leaders, external advisors, and vendors required.
Successful Candidates Will Demonstrate
  • Strategic thinking and the ability to anticipate long-term workforce, market, financial, and regulatory trends.
  • Strong financial acumen, including the ability to evaluate cost, funding, market, and business indicators.
  • Comfort managing complex compensation, benefits, compliance, vendor, and stakeholder information.
  • Clear, confident communication with leaders, employees, vendors, consultants, and other stakeholders.
  • The ability to balance employee needs, affordability, compliance, business priorities, and leadership expectations.
  • Strong planning, project management, and accountability practices that keep rewards work aligned with organizational goals.

About MGE Energy Inc

MGE Energy, Inc. is a public utility holding company headquartered in Madison, Wisconsin. It is the parent company of Madison Gas and Electric, which generates and distributes electricity to 154,000 customers in Dane County, Wisconsin, and purchases and distributes natural gas to 163,000 customers in seven south-central and western Wisconsin counties. MGE Energy's roots in the Madison area date back more than 150 years. The company was incorporated in 2001.
Learn more about MGE Energy Inc
Size
706 employees
Market Cap
$2.5 billion
Industry
Net Income
$92.4 million
5 Year Trend
+2.2%
Revenue
$538.6 million
NASDAQ

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