Compensation Director

Published May 6th, 2024

We are looking for an experienced compensation professional who will be responsible for supporting the compensation program. This position will report directly to the Head of Total Rewards and will play a vital role in leading compensation design, modeling and analysis, competitive benchmarking, compensation planning/forecasting, management of the year-end and mid-year compensation salary and bonus cycles for assigned business units. This individual will need to collaborate with senior leadership including various business unit leaders, HRBPs and members of finance.

Day-to-day responsibilities within assigned business unit(s) include:

  • Participate in the development of our compensation strategy and related employee communications regarding compensation programs including the development of a competitive compensation structure and consistent approach to pay decisions for all levels across the organization
  • Collaborate with business unit and HRBP’s to provide leadership and guidance on annual compensation reviews, bonus planning, and carried interest awards as well as to develop competitive offers including base salary, incentive compensation, equity, etc.
  • Exercise critical thinking and excellent technical & business writing skills to synthesize the results of complex analysis into salient points important to senior leadership. Make data-driven recommendations
  • Recommend appropriate solutions to specific compensation related issues as needed to support the business
  • Manage and provide mentorship to junior compensation professionals to further growth of the team
  • Create materials/spreadsheets on compensation and analysis for executive meetings – ability to attend and present when required
  • Preparation and distribution of monthly, quarterly, annual and ad hoc reports
  • Respond to compensation data inquiries from managers and employees throughout the organization
  • Collaborate with Finance on compensation expense models

 

GENERAL QUALIFICATIONS

  • Strong interpersonal skills, with the ability to influence and communicate at all levels of the organization
  • Experience with incentive plan design, equity program management
  • A leader that can manage in and be agile in a fast-paced, hands-on culture with strong expectations on deliverables.  Highly analytical experience coupled with ability to execute and communicate. 
  • Prior management experience 
  • Ability to develop and adapt compensation strategies that deliver on the unique needs of the business
  • Strong analytic skills with the ability to gather key insights from quantitative and qualitative data to drive compensation decisions
  • Collaborative mindset with proven communication, presentation and influencing skills – facile on developing PowerPoint slides that “tell a story”
  • Excellent attention to detail
  • Demonstrated ability to manipulate, manage and formulate data in Excel (Vlookup, Indexing, Sumproduct, Pivot Tables, Graphs/Charts)
  • Ability to prioritize workload and manage multiple projects at once, meet deadlines, and handle confidential information with discretion

 

DESIRED BACKGROUND/EDUCATION

  • Bachelor’s degree required
  • 12+ years of previous experience in an analytical Compensation role, preferably in the financial services industry. 
  • Solid understanding of financial concepts (e.g., P&L, balance sheet) is required including experience with financial modeling
  • Prior experience with carried interest plans a plus
  • Strong project management skills to manage multiple projects / deliverables
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