Compensation Manager

JOB FUNCTION: Finance & Accounting
JOB TYPE: Direct Hire
LOCATION: Boston, MA
COMPENSATION: $130k - $155k
REMOTE / ONSITE: Hybrid
POSTED: Nov 14, 2022

Our client is one of the world’s leading private investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Pioneered a consulting-based approach to private equity investing, partnering closely with management teams to offer insights that challenge conventional thinking, build great businesses and improve operations. Over time, they have organically expanded this approach across asset classes to build one of the strongest alternative asset platforms in the world and they are seeking a Compensation Manager to join their team!

Salary/Hourly Rate:

$130k – $155k + 20% Bonus

Position Overview:

The Compensation Manager will be responsible for supporting the compensation program for Private Equity business globally including compensation design, modeling, and analysis, financial planning, competitive benchmarking, compensation planning/forecasting, and managing the year-end and mid-year compensation salary and bonus cycles. The Compensation Manager will need to collaborate with senior leadership including various business unit leaders, HRBPs, and members of finance.

Responsibilities of the Compensation Manager:

  • Participate in the development of the 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 units and HRBPs to provide leadership and guidance on annual compensation reviews, bonus planning, and equity grants as well as to develop competitive offers including base salary, incentive compensation, equity, etc.
  • Assist in all financial analysis and reporting related to compensation on the P&L, including annual budgets, quarterly forecasts, long-term planning, and liaising with the FP&A team as required
  • 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 the growth of the team
  • Create materials/spreadsheets on compensation and analysis for executive meetings and have the 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

Qualifications for the Compensation Manager:

  • 5+ years of experience in an analytics-driven environment, that has provided a foundation in compensation strategy as well as a basic understanding of financial reporting
  • Solid understanding of financial concepts is strongly desired
  • Financial services industry experience (private equity or banking) is preferred
  • Strong interpersonal skills, with the ability to influence and communicate at all levels of the organization
  • Experience with incentive plan design, equity programs
  • 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 the ability to execute and communicate
  • 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 in 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, and Graphs/Charts)
  • Ability to prioritize workload and manage multiple projects at once, meet deadlines, and handle confidential information with discretion

Education Requirements:

  • Bachelor’s degree is required
  • MBA and/or CFA is a plus

Benefits:

  • 401(k) match
  • Paid holidays/vacation
  • Paid sick leave
  • Life insurance/disability
    Education/training/tuition/certification reimbursement
  • Free drinks/coke/juice/water
As a woman-owned firm, we value diversity. We are an equal opportunity employer and will consider all applications without regard to race, sex (including gender, pregnancy, sexual orientation and gender identity), age, color, religion or creed, national origin or ancestry, veteran status, disability (physical or mental), genetic information, citizenship or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.
Position ID: 116019