Compensation Manager

LGBT Great; New York (NY); On-site; USD 145,000 - 168,000; Full time

Job summary

An established industry player is looking for a dedicated Compensation Manager to join their Total Rewards team. This role is pivotal in shaping compensation programs that align with corporate objectives while ensuring compliance with local regulations. You will leverage your analytical skills to provide data-driven insights and recommendations, enhancing the effectiveness of compensation strategies across the organization. In a dynamic work environment that values collaboration and integrity, you will have the opportunity to make a significant impact on talent retention and attraction. If you are passionate about driving change and thrive in fast-paced settings, this is the perfect opportunity for you.

Qualifications

• 3-7 years of compensation experience in Financial Services or Asset Management.
• Intermediate to advanced Excel skills are required.

Responsibilities

• Become a subject matter expert in compensation-related HR processes.
• Support the management of compensation strategy to attract and retain talent.

Skills

Analytical Skills

Project Management

Critical Thinking

Adaptability

Integrity

Education

Bachelor’s Degree in Business Administration

Bachelor’s Degree in Finance

Bachelor’s Degree in Human Resources

Tools

Excel

beqom

Job description

Compensation Manager

at PIMCO

On-site New York, New York, United States Full-time Posted 18 days ago

Description

PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns. Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

Position Description

We are seeking a hardworking and motivated Compensation Manager to join our Total Rewards team. In this role, you will support the strategy development, design, implementation, administration, and governance of compensation programs for all our PIMCO businesses. As a Compensation Consultant, you will provide analytical and consultative support and ensure all programs align with corporate objectives, effectively attract, reward, and retain talent, and fully comply with local legal and regulatory requirements. This is a highly analytical and collaborative opportunity where you will be a valued partner in providing critical data analysis and recommendations for business groups, HR, and other cross-functional teams supporting our core compensation processes.

About You

If the following qualities resonate with you, we encourage you to apply for this exciting opportunity. At PIMCO, we offer a dynamic work environment where you will have the chance to make a meaningful impact:

1. Exceptional Organizational Skills and Resourcefulness: You excel in managing multiple projects with outstanding organizational and project management abilities. Your critical thinking skills enable you to solve complex problems creatively and resourcefully.
2. Adaptability and Collaboration: You thrive in dynamic, fast-paced environments, adept at navigating shifting priorities and ambiguity.
3. Integrity and Continuous Learning: Your actions reflect high ethical standards and integrity, earning you credibility and trust.

Responsibilities

The key responsibilities include, but are not limited to:

1. Become a subject matter expert in compensation-related HR processes, leveraging knowledge and data to analyze trends, enhance process efficiencies, and drive informed improvements.
2. Provide data analysis and consultative support for the design and implementation of compensation programs that are corporately aligned, locally relevant, and compliant with applicable regulations.
3. Support the management of PIMCO's compensation strategy to align with global objectives, motivate performance, and attract and retain high-performing talent while ensuring fiscal responsibility.
4. Execute core corporate compensation processes, including job architecture, compensation structure design and maintenance, merit and incentive planning, market analysis, strategic hire offers, and governance of variable pay programs.
5. Contribute to cyclical exercises such as job matching for market data, monthly budget vs. forecast reporting, and the annual pay review process.
6. Partner with Business Leaders to manage compensation expenses in alignment with their people strategy.
7. Propose compensation packages for new hires and assist Business Leaders with year-end compensation decisions.
8. Support communication and education programs related to compensation to enhance employee understanding.
9. Analyze and provide recommendations to resolve compensation-related issues.
10. Monitor local market trends to ensure compensation programs remain competitive and responsive to corporate and local business needs.
11. Stay updated on compensation trends and assess the effectiveness of existing policies, recommending revisions to support strategic objectives and evolving external requirements.
12. Provide process management and actionable analytics for core compensation processes.
13. Maintain and support internal compensation-related tools.
14. Actively participate in enhancing the year-end compensation system, ensuring accurate information maintenance and auditing during the year-end review process.

Qualifications

Bachelor’s Degree in Business Administration, Finance, Human Resources, or a related field. 3-7 years of compensation experience, preferably in the Financial Services or Asset Management/Investment Management industry. At least three years of experience managing or supporting a year-end compensation process required. Intermediate to advanced Excel skills required. Strong analytical and process execution skills. Experience facilitating change in a dynamic, multi-business, global environment. Experience with and/or beqom preferred.

PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance. Salary Range: $145,500.00 - $168,000.00.

Equal Employment Opportunity and Affirmative Action Statement

PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws.