Compensation Consultant

MFS Investment Management • Boston, MA

1d • $88,000 - $126,000 • Hybrid

About The Position

Using discretion and judgment, provides compensation expertise, analysis, and consultation to support compensation programs and business needs across MFS. Serves as the primary point of contact for a broad range of compensation requests, including job leveling, market pricing, offers, and compensation-related inquiries. Partners closely with Compensation leadership and Senior Consultants to provide analysis, recommendations, and operational support that enable effective compensation decisions and program delivery.

Requirements

• Bachelor’s degree in a related area.
• 5-6 years of experience in compensation, financial analysis or closely related analytical discipline.
• Strong understanding of compensation principles, including market pricing, job evaluation, compensation structures, and compensation administration.
• Strong analytical skills with the ability to interpret data and develop practical recommendations.
• Ability to manage multiple priorities and work independently with limited supervision.
• Strong written and verbal communication skills.
• Advanced proficiency with Excel and compensation-related analysis.
• Strong attention to detail, organization, and problem-solving skills.
• Ability to handle confidential information with discretion and professionalism.

Nice To Haves

• Knowledge of compensation regulations, job evaluation, and external benchmarking practices.
• Experience with compensation and HRIS tools (e.g., Workday, MarketPay).
• Experience providing consultative / center‑of‑expertise support (influencing without direct authority).

Responsibilities

• Serves as the primary intake point for compensation requests, ensuring timely response, analysis, and resolution.
• Provides consultation and recommendations on compensation matters, including job matching, job leveling, market pricing, hiring offers, buyouts, guarantees, cash flow advances, and related compensation programs.
• Conducts compensation analyses utilizing internal data, market benchmarks, and established compensation methodologies to support decision-making.
• Prepares analyses, recommendations, and supporting materials for review by Compensation leadership and Senior Consultants.
• Partners with Talent Acquisition, HR Business Partners, managers, and employees to address compensation-related questions and requests.
• Administers and supports compensation programs, policies, processes, and governance activities, ensuring consistency and adherence to established guidelines.
• Supports annual compensation planning through reporting, analysis, modeling, testing, and process coordination.
• Maintains market data, benchmarking information, compensation structures, and related compensation tools and systems.
• Owns compensation knowledge management processes, including development and maintenance of documentation, FAQs, guidance materials, decision frameworks, and operating procedures to support consistency, scalability, and continuity across compensation activities.
• Maintains knowledge of compensation programs, policies, practices, and historical decisions to ensure consistent application of compensation guidelines.
• Identifies opportunities to improve compensation processes, reporting, workflows, and documentation to enhance operational effectiveness.
• Manages compensation projects and work assignments, coordinating activities, stakeholders, and timelines to ensure successful execution.
• Maintains knowledge of compensation regulations, market practices, and industry trends to support sound compensation recommendations.

Benefits

• MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k)
• Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider
• Education Assistance: Tuition reimbursement up to $8,000 annually
• Education Assistance: Access to discounted tutors and college coaches
• Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves
• Choice of medical and dental plans and an and an employer contribution into the Health Savings Account
• Tax deferred commuter benefits & flexible spending accounts (medical & dependent care)
• Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level