Compensation Principal

Wellington Management•Boston, MA

1d•Hybrid

About The Position

The Compensation Principal acts as a business partner and subject matter expert to provide consultation, analysis and advice to Human Resources Relationship Managers, business leaders, and managers regarding compensation related matters. The role has high visibility within the firm and requires a consulting style approach to partner with HR on a variety of compensation initiatives. Reporting to the Head of Global Compensation, this position will support business groups but will also work on global initiatives and activities.

Requirements

Comprehensive knowledge and experience of compensation/reward practices.
Minimum of 7 years of relevant experience working in a field of Compensation, either in-house or within a consulting environment.
Exceptional analytical and numeracy skills; comfortable working with large amounts of data and communicating data findings.
Customer service orientation with a demonstrated desire to exceed expectations – ability to serve multiple customers (employees, managers, HR).
Excellent written and verbal communications skills are required - to interface with all levels of the organization and translate data findings into clear and concise documents and presentations.
High attention to detail with an emphasis on accuracy, coupled with the ability to see the broader picture.
A roll-your-sleeves up /hands-on attitude.
Comfortable working in a broad role and undertaking a variety of activities, ranging from spreadsheet analysis to presenting to senior leaders.
Proactive approach.
Willingness to be creative, make recommendations and exercise initiative.
Strong cross-cultural awareness, sensitivity, and high level of confidentiality.
Ability to exercise problem solving skills and independent judgement using analytical and consulting skills.
Strong project management skills – e.g., develop project plans, scope and ensure execution and delivery.
Excellent interpersonal skills and the ability to comfortably interact with people at all levels of the organization.
Ability to work independently and in a team environment.
Ability to use discretion and deal effectively with uncertainty, change and ambiguity.
Bachelor’s degree

Nice To Haves

Financial Services background preferred.

Responsibilities

Point of contact for business leaders, HR and managers for compensation related matters (within designated business groups).
Proactively share insights into compensation market trends impacting the various business areas.
Undertake market competitive analysis and share findings internally.
Ensure compensation structures and levels are competitive to allow the firm to attract and retain employees.
Advise on compensation levels for new hire offers and conduct supporting analysis
Work as part of the Global Compensation team to design and manage base pay and corporate bonus programs
Support the delivery of the annual compensation review cycle
Undertake projects as required. These will be varied but could include areas such as conducting in-depth analysis or developing compensation structures for new roles/business areas.
Work with others to develop procedures, analytics and compensation reporting, including supporting with the preparation of content for Compensation Committees.
Participate in industry network forums to keep abreast of trends.
Help to ensure that the firm’s policies are current with regard to market trends, practices and costs.

Benefits

retirement plan
health and wellbeing
dental
vision
pharmacy coverage
health savings account
flexible spending accounts
commuter program
employee assistance program
life and disability insurance
adoption assistance
back-up childcare
tuition/CFA reimbursement
paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)