Compensation Consultant

mfs; United States; On-site; USD 88,000 - 126,000; Full time

Benefits offered by this job

15% retirement contribution

Student loan assistance

Tuition reimbursement

Discounted tutors and college coaches

Job summary

MFS is seeking a compensation professional in the United States to provide analysis, consultation, and governance for compensation programs. You will partner with cross-functional teams to inform offers, pricing, and program delivery.

Responsibilities include data-driven analyses, knowledge management, and driving improvements across compensation workflows. The role emphasizes accuracy, confidentiality, and scalable processes within a total rewards context.

Qualifications

• 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, structures, and administration.
• Strong analytical skills 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 and problem-solving skills.

Responsibilities

• Primary intake point for compensation requests with timely response, analysis, and resolution.
• Provide consultation on compensation matters including offers, market pricing, and related programs.
• Conduct analyses using internal data and benchmarks to support decisions.
• Prepare analyses and materials for leadership review.
• Partner with Talent Acquisition, HRBP, managers, and employees on compensation questions.
• Administer and support compensation programs, policies, processes, and governance.
• Support annual compensation planning with reporting, analysis, modeling, testing, and coordination.
• Maintain market data, benchmarking information, and compensation tools and systems.
• Own compensation knowledge management and supporting documentation.
• Identify opportunities to improve processes, reporting, workflows, and documentation.
• Manage compensation projects and timelines to ensure successful execution.
• Stay updated on compensation regulations, market practices, and industry trends.

Skills

Excel

Analytical skills

Communication

Attention to detail

Education

Bachelor's degree

Tools

Workday

MarketPay

Job description

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters - to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

THE ROLE

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.

WHAT YOU WILL DO

• 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.

WHAT WE ARE LOOKING FOR

• 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.

PREFERRED SKILLS, QUALIFICATIONS & EXPERIENCE

• 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).

#LI-JN1

Base Salary Range: $88,000.00 - $126,000.00

This position is eligible for competitive incentive bonus.

At MFS, we believe in fair and transparent compensation. For that reason, we’re including the salary range for this position. This range reflects our good‑faith expectation for what we’ll pay depending on the candidate’s experience, training and education. In addition to the salary, we also offer significant and competitive incentive compensation based on both individual and company performance.

Other components of our Total Rewards Package include:

• 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 coache