Senior Compensation Manager

Precision Castparts Corp. (PCC); California, Los Angeles (MO, CA); On-site; USD 145,000 - 170,000; Full time

Job summary

An established industry player is seeking a Senior Compensation Manager to lead compensation strategy for a global client group in aerospace manufacturing. This pivotal role involves designing competitive compensation structures, ensuring compliance, and providing innovative solutions to complex compensation issues. The ideal candidate will possess strong analytical and problem-solving skills, along with the ability to communicate effectively with internal stakeholders. This is a fantastic opportunity to make a significant impact within a dynamic and growing organization, while enjoying a competitive salary and comprehensive benefits.

Benefits

120 hours paid time off

10 paid holidays

Medical, dental, and vision insurance

401(k) plan

Executive Bonus Plan

Qualifications

• 7+ years of experience in compensation leadership roles.
• Experience with executive compensation and data analytics.

Responsibilities

• Design and implement compensation structures tailored to business needs.
• Oversee administration of incentive programs and annual merit review process.

Skills

Problem Solving Skills

Analytical Skills

Communication Skills

Project Management

Education

Bachelor's Degree in Business

Tools

Excel

PowerPoint

HRIS systems (Workday, Oracle, etc.)

Job description

Country

United States of America

State / County

California, Texas, Washington

City

Gardena, Houston, Santa Ana, Tukwila, Woodinville

Division

Fasteners

Company

Fasteners Division

Function

Human Resources

Workplace Type

On-Site

Position type

Full Time

Opportunity ID

17071

Company Profile

Precision Castparts Corp. (PCC) is one of the top manufacturers of engineered fasteners, fastening systems, metal components, and assemblies for aerospace, transportation, power generation, and general industrial markets.

Job Description

Our Team is seeking an experienced Senior Compensation Manager to oversee compensation strategy, policy, and compliance for a global client group consisting of Aerospace manufacturing businesses. The successful candidate will create, manage and deploy compensation systems to ensure market competitiveness and alignment with business objectives. Key responsibilities of the position will focus on planning, design, implementation, regulatory compliance, communication, evaluation and administration of salary plans, incentive plans, and reward programs. This role will also provide internal customers, primarily HR site and regional leaders, with compensation solutions for a variety of complex compensation issues.

The Senior Compensation Manager will be based in a PCC manufacturing facility in one of the following locations:

• Los Angeles County or Orange County, CA
• Seattle, WA
• Houston, TX

Primary Duties & Responsibilities:

• Design and implement compensation structures that are robust, appropriate and tailored to the needs of the business. Routinely assess the market appropriateness of the pay scales in concert with the business needs and strategic goals.
• Compensation structure administration: annual survey data submission, analysis of survey results, and maintenance of internal compensation structure.
• Uses knowledge of business strategies and competitive compensation practices to develop solutions, detailed implementation plans, and financial impact to respective stakeholders.
• Oversee, enhance and manage the administration of company incentive programs including the corporate long-term incentive program, annual executive level bonus program and the Quarterly Cash Bonus Program.
• Manages the annual merit review process for the assigned client group
• Ensure ongoing FLSA compliance and conduct audits periodically to assess compliance; thoroughly document findings and recommend appropriate solutions for compliance
• Analyzes job descriptions, formulates recommendations regarding FLSA exemptions, market data comparisons and organizational structures. Supports site compliance audits.
• Develop communications tools to actively promote the effective comprehension and utilization of incentive programs. Model overall program payouts and various planning scenarios. Administer and update plan documents and communication annually.
• Partner with HR leaders to ensure development and design of compensation tools for manager self-service, bonus and incentive planning / tracking, and annual merit planning.
• Subject matter expert for compensation tools and processes. Partner with HRIS to develop and deploy compensation processes and systems including requirements definition, testing, implementation, and change management

Required Skills:

• Ability to interface, collaborate, and proactively communicate effectively with clients including internal HR business partners, business leaders, and external vendors.
• Detail oriented with keen sense of accuracy particularly in time-sensitive situations
• Problem Solving Skills: Identifies and resolves problems in a timely manner; gathers and analyzes information skillfully; develops alternative solutions; works well in group problem solving situations; uses reason even when dealing with emotional topics.
• Analytical: Synthesizes complex or diverse information; collects and researches data; uses intuition and experience to complement data; designs workflows and procedures.
• Excellent written and verbal communication skills with the ability to adapt to shifting priorities, customer concerns, and management objectives.
• Strong presentation skills with the ability to communicate proposed initiatives to senior leadership
• Project management skills: Develops project plans; coordinates projects; communicates changes and progress; completes projects on time and budget; manages project team activities.
• Experience with market pricing methodologies, variable compensation plans, and FLSA compliance

Basic Qualifications:

• 7+ years of experience as a compensation leader role to include developing and maintaining salary structures, annual merit process administration, and data analytics
• Experience administering executive compensation including annual incentives, long-term incentives, and equity programs
• Bachelor's Degree in Business or relateddiscipline
• System experience:
  • Excel (advanced lookups and pivot tables)
  • PowerPoint and Access (intermediate experience)
  • HRIS systems (e.g. Workday, Oracle, Peoplesoft, or SAP SuccessFactors)

Travel Requirements:

• 5-10% travel

With more than 120 operations and approximately 20,000 employees worldwide, Precision Castparts Corp. is the market leader in manufacturing large, complex structural investment castings, airfoil castings, forged components, aerostructures and highly engineered, critical fasteners for aerospace applications. In addition, we are the leading producer of airfoil castings for the industrial gas turbine market. We also manufacture extruded seamless pipe, fittings, and forgings for power generation and oil & gas applications; commercial and military airframe aerostructures; and metal alloys and other materials for the casting and forging industries. With such critical applications, we insist on quality and dependability - not just in the materials and products we make, but in the people we recruit.

PCC is relentless in its dedication to being a high-quality, low-cost and on-time producer; delivering the highest value to its customers while continually pursuing strategic, profitable growth.

In 2016, Berkshire Hathaway, led by Chairman and CEO Warren E. Buffett, acquired Precision Castparts Corp.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

For informational purposes only, the range for annual base salary for this role is $145000 to $170000 US Dollar (USD) Salaried based on a variety of factors. For informational purposes only, this role is eligible to participate in the Company's Executive Bonus Plan, paid out up to 10% of the applicable annual base salary, based on the Company's performance in the prior calendar year. Employees will receive 120 hours paid time off every year. Employees will also receive 10 paid holidays. Employees (and their families) are eligible to participate in the company's medical, dental, vision, and basic life insurance. Employees are eligible to enroll in the Company's 401(k) plan.

This position requires use of information or access to production processes subject to national security controls under U.S. export control laws and regulations (including, but not limited to the International Traffic in Arms Regulations (ITAR) and the Export Administration Regulations (EAR)). To be qualified to work in this facility, a successful applicant must be a U.S. Person, as defined in those regulations, and able to supply evidence of that qualification prior to starting work or be authorized to receive controlled information under a specific license or permission from the relevant government agency. The U.S. export control regulations define a U.S. person as a U.S. Citizen, U.S. National, U.S. Permanent Resident (i.e. 'Green Card Holder'), and certain categories of Asylees and Refugees.