Director of Compensation

Arrow International • Cleveland, OH

1d

About The Position

The Director of Compensation will build and lead Arrow’s compensation function and provide strategic oversight of the payroll team. This role is responsible for developing compensation structures, programs, and processes that support the company’s growth, ensure internal equity, and maintain market competitiveness. This individual will report directly to the CFO and work closely with both HR and Finance to support compensation planning, bonus and merit cycles, job architecture, ranges and ratios, and headcount analytics. The Payroll Manager and Payroll Processor will manage day-to-day payroll operations, with this role providing leadership and alignment. The ideal candidate brings deep compensation expertise, strong analytical capabilities, and the ability to create and scale compensation frameworks in a fast-growing environment.

Requirements

• Bachelor’s degree in Human Resources, Finance, Business Administration, or related field.
• 7+ years of compensation experience, with strong background in compensation design, modeling, and program development.
• 3+ years of leadership or team management experience.
• Working knowledge of payroll operations and payroll systems; ability to provide guidance without managing day-to-day processing.
• Strong analytical skills: advanced Excel required.
• Experience leading compensation cycles (merit, bonuses, job leveling, etc.).
• Excellent communication skills with the ability to influence and partner across departments.
• Ability to thrive in a fast-paced, high-growth environment.
• Demonstrated ability to manage confidential and sensitive information.

Responsibilities

• Compensation Strategy & Program Development Build and implement Arrow’s compensation framework, including job leveling, salary ranges, compensation ratios, and internal equity structure.
• Lead the annual merit and bonus planning cycles, including preparation of bonus files, compensation modeling, and collaboration with Finance and HR.
• Conduct ongoing market benchmarking and pay equity analyses to ensure competitive and fair compensation practices.
• Support performance review cycles with compensation guidance and recommendations.
• Provide leaders with clear, data-driven compensation insights to support hiring, promotions, and organizational planning.
• Develop compensation reports and models that support budgeting, headcount planning, and workforce strategy.
• Headcount Planning & Financial Alignment Conduct periodic headcount audits and partner with Finance on organizational structure, staffing models, and compensation forecasting.
• Ensure alignment between compensation programs and financial targets, including bonus/merit modeling and salary budget planning.
• Support reconciliation of payroll and headcount data with Finance each month.
• Leadership & Collaboration Lead, develop, and support the payroll team.
• Partner closely with HR, Finance, and business leaders to ensure compensation programs meet organizational needs.
• Present compensation strategy, recommendations, and insights to the CFO and senior leadership.
• Maintain the highest level of confidentiality and professionalism.
• Payroll Oversight Provide leadership and direction to the payroll function through the Payroll Manager and Payroll Processor.
• Ensure payroll practices remain accurate, compliant, and aligned with internal financial reporting needs.
• Support system upgrades, vendor evaluations, and process improvements at a strategic level.
• Oversee headcount, departmental coding, and payroll data consistency for budgeting and financial reporting.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 1,001-5,000 employees