Associate, Compensation Business Partner

Ares Management Corporation•New York, NY

3d•Onsite

About The Position

Ares is looking for an Associate Compensation Business Partner to join the Human Resources team. The Compensation Business Partner will be responsible for supporting the wider compensation team as well as responsibility for assigned business groups for full-cycle compensation activity. The individual in this role will regularly partner with the Compensation Administration team, HR Business Partners, Finance Business Partners, the Workforce Planning & Analytics team, and Business Leaders to ensure a competitive compensation approach for the business, taking into account market intelligence, the Firm’s broader compensation strategy, and line of business performance/financial results. The Compensation Business Partner will be involved in helping to structure new employee offers, evaluate candidate buy-outs, assist with structuring compensation for employee transfers and exits and provide general advice and counsel on role pricing and compensation market trends. The Compensation Business Partner will also play a critical role in the workforce planning and compensation forecasting process as well as the annual compensation planning process, including exposure to carry allocations. Core responsibilities will also include reporting and analytics. This role requires a combination of compensation experience, strong analytical and technical skills, and excellent client management / relationship skills.

Requirements

Bachelor’s degree, preferably in Business Administration or related field
3 to 5 years of analytical or compensation experience, within the financial services industry; experience in asset management a plus
Global Compensation experience preferred
Experience with Workday and/or Compensation platform(s) preferred
Strong technical skills with high proficiency in Excel and PowerPoint; experience with Access or other databases a plus
An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes.
Ability to successfully manage multiple priorities and competing demands.
Ability to multi-task and prioritize deadlines; result oriented
Strong communication skills and team orientation; capability of interacting with key stakeholders to direct prioritization of Compensation-related activities.
Strong team and client service orientation
High accuracy and detail orientation
Excellent time management skills and ability to collaborate with others
Good judgment in terms of escalating issues vs. solving problems independently
A solutions-oriented, self-starter with ability to see the big picture
Dependable, great attitude and a team player
Motivated by a fast-paced, dynamic environment; comfort in dealing with ambiguity and uncertainty
Strong work ethic, an entrepreneurial spirit, and a desire to learn
A demonstrated ability to research and leverage available resources to accomplish the task at hand
An analytical mind and a passion/interest in bringing new ideas for consideration
Ability to handle confidential information appropriately; high integrity

Nice To Haves

Certified Compensation Professional Certification preferred

Responsibilities

Serve as the primary point of contact with assigned client groups to support line of business compensation needs, partnering with other experts within and outside of HR as needed to deliver exceptional customer service
Support the wider compensation team with analytics on the annual compensation planning process as well as workforce planning and compensation forecasting process.
In consultation with the wider team (Compensation Administration, Talent Management teams, and other Compensation Business Partners), help managers and employees on Ares’ Total Compensation approach and key processes/timelines related to compensation.
Work with HR Business Partners and managers in assigned client groups to support the annual compensation process
Leverage understanding of the assigned business groups and the associated talent pools to make informed recommendations on broader comp strategy/approach as well as individual compensation decisions
Monitor and review individual compensation decisions to ensure that the Firm is driving consistency in how we recognize performance, overall skill set and years of experience; highlight gaps and make recommendations to address any identified issues
In consultation with HRBP’s and Recruiters, create and maintain compensation grids and/or ranges (where applicable), modifying as needed based on market intelligence
Support pay equity audits and the annual compensation benchmarking process, working closely with the Compensation Administration team
Gather market intel through peer connections, search firms and other relationships to provide enhanced insight where/when needed
Support the workforce planning and budgeting/forecasting process for assigned groups and the wider compensation Business Partner team.
Assist in structuring candidate offers, evaluating/pricing buyouts and helping to educate/facilitate the compensation offer approval process where required
Develop, maintain, and share various HR compensation reports and analyses with appropriate stakeholders to drive informative insights to enable leaders to make better decisions
Ensure compliance with regulatory and other related legal requirements
Complete other related projects and duties as assigned