Director of Compensation

The Jonus Group-posted 12 days ago
$140,000 - $210,000/Yr
Full-time • Director
Onsite • Chicago, IL
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A leading insurance carrier recognized for innovative solutions, financial strength, and a client-focused approach is seeking an experienced Director of Compensation to support the growth of its Human Resources and Operations team. The Director of Compensation is responsible for developing, executing, and managing all compensation programs to ensure attraction and retention of top talent, market competitiveness, and internal equity.

  • Develop business acumen to design compensation programs that support employee engagement and organizational goals.
  • Oversee the company’s compensation framework, including job-leveling structures.
  • Lead and mentor a team of compensation professionals, fostering a collaborative and inclusive environment.
  • Manage compensation program re-design projects, ensuring delivery within budget and timelines.
  • Administer compensation programs, including market surveys, analysis, and reporting.
  • Partner with HRBPs and Talent Acquisition to ensure adoption of compensation philosophy, pay grades, and career paths.
  • Oversee annual compensation cycles, including merit reviews, bonus planning, and equity grants.
  • Support the development of reward strategies aligned with strategic business objectives.
  • Provide analytical support for incentive and executive compensation programs.
  • Maintain consistency and compliance in job descriptions and job codes.
  • Monitor market pay practices to maintain competitive compensation structures.
  • Ensure compliance with wage and hour laws, including FLSA evaluations.
  • Lead the global mobility program.
  • Manage communications related to Total Rewards programs.
  • Partner cross-functionally with Finance, Legal, Marketing, and other departments.
  • Provide support on strategic and special projects as needed.
  • Bachelor’s degree in Human Resources Management or related field (advanced degree preferred).
  • 7+ years of experience in financial services; specialty insurance experience is a plus.
  • 2+ years of management experience.
  • Expertise in compensation program design, incentive plan development, job evaluation, market pricing, and executive compensation.
  • Experience managing global mobility programs, including immigration matters.
  • Strong knowledge of compensation-related laws and compliance requirements.
  • Demonstrated success in leading multiple complex HR projects.
  • Proven ability to build high-performing teams and deliver results.
  • Exceptional collaboration, communication, and influencing skills across all organizational levels.
  • Strong written, verbal, and presentation skills.
  • High degree of confidentiality, professionalism, and objectivity.
  • CCP (Certified Compensation Professional) or equivalent experience preferred.
  • Occasional travel required.
  • Total Rewards
  • Mobility
  • Benefits
  • Long-term Incentives
  • M&A
  • Restructure
  • Bonus Structure
  • Commissions
  • Bonus eligibility
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