Senior Manager, Compensation Job Description

Senior Manager, Compensation Job Description

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Senior manager, compensation provides consultation analysis on compensation for due diligence related to activity on mergers and acquisitions, and integration of acquired employees into compensation programs and systems.

Senior Manager, Compensation Duties & Responsibilities

To write an effective senior manager, compensation job description, begin by listing detailed duties, responsibilities and expectations. We have included senior manager, compensation job description templates that you can modify and use.

Sample responsibilities for this position include:

Administration of yearly Compensation processes including
Own communication, testing, prioritization and design of enhancement and development work in COINs Accountable for improving and streamlining associate experience in COINs
Drive results through a matrix environment (HR Consultants, HR leadership, Business stakeholders)
Lead and manage team of 4+ BSAs that support system enhancements and development in COINs
Prioritization of team resources and investment across multiple lines of business
Drive rationalization and streamline system requests
Own collaboration with HR IT to help drive system enhancements/upgrades
Influence and drive best practices of system utilization/development across LOBs
Manage team to ensure results are met, hold regular check-ins to ensure appropriate morale and job satisfaction
Manage multiple projects with short deadlines and managing stakeholders

Senior Manager, Compensation Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Senior Manager, Compensation

List any licenses or certifications required by the position: CCP, CEP, CPA, SPHR, PHR, GRP, CEBS, SHRM, PMP, MS

Education for Senior Manager, Compensation

Typically a job would require a certain level of education.

Employers hiring for the senior manager, compensation job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Human Resources, Accounting, Business/Administration, MBA, Economics, Education, Mathematics, Graduate

Skills for Senior Manager, Compensation

Desired skills for senior manager, compensation include:

M&A Compensation & Benefits due diligence
Word
MS-Office applications
Excel
Systems
Administration
Compensation concepts
Equity plans
HRIS systems
Microsoft Excel

Desired experience for senior manager, compensation includes:

Have proven management and leadership skills and must be able to persuade and influence staff from other areas in order to obtain cooperation in achieving objectives
Have proven project management skills, with an ability to provide oversight and coordination of multiple projects/changing priorities concurrently under tight timelines and with multiple stakeholders
Highly organized, self-motivated, and able to work independently manage a team
Ability to manage changing priorities and ability to work under tight deadlines
Support analysis/research for new technology solutions/upgrades
Drive results while managing within internal and external controls

Senior Manager, Compensation Examples

1

Senior Manager, Compensation Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of senior manager, compensation. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior manager, compensation
  • Influence senior members of HR and the business
  • Balance conflicting priorities and business needs to develop sound solutions
  • Manage vendor relationship in partnership with IT
  • Partner with senior HR and business leaders to develop and deliver innovative compensation programs that exceed the needs of the Technology and Digital organizations
  • Deliver expert compensation consulting and develop creative solutions on a variety of total compensation issues including the setting of appropriate pay levels, base pay, and annual incentive pay
  • Lead strategic compensation projects, key initiatives and processes horizontally across client groups, corporate compensation team, and HR
  • Execute annual rewards cycles for clients including merit, bonus, LTI and promotion payouts
  • Drive benchmarking efforts, which includes strategy and methodology, survey selection, special studies, market intelligence
  • Support mergers and acquisitions in due diligence and post integration phases as needed
  • Manage job architecture and structures for overall Technology and Digital businesses
Qualifications for senior manager, compensation
  • 3 years of experience leading cross-functional efforts
  • Lean, Agile, and Six Sigma certifications
  • Provide thought leadership on compensation and related topics both within the Corporate Compensation community and with clients
  • At least 2 years of experience in Technology industry
  • At least 3 years of experience in client facing/consulting role
  • CCP - Certified Compensation Professional
2

Senior Manager, Compensation Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of senior manager, compensation. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior manager, compensation
  • Assist in developing our world class incentive administration team and engagement with special projects
  • Lead the development, administration and implementation of new IC programs
  • Responsible for compiling and preparing materials for Compensation Committee meetings
  • Provides professional advice, creates communication and training material in the area of Rewards tools, programmes and processes to HR colleagues
  • Manage the team responsible for the monthly commission process for our global salesforce
  • Assist in preparation of monthly &
  • Contribute to the development and implementation of Comp Policies working with Legal, HR, Business Ops and Sales Management
  • Manage all aspects of the annual salary planning / merit increase process
  • Contribute to the implementation of Workday and provide guidance within the Americas for the rollout of a global job catalog
  • Manage all aspects of the annual variable compensation payout program
Qualifications for senior manager, compensation
  • 4 years of experience in client facing/consulting role
  • Experience with benchmarking tools (ex
  • Experience in salary structure or incentive plan designNo agencies please
  • Lead corporate program design initiatives, new bonus or stock plan designs
  • Minimum 7 years of compensation design experience with 3-4 years experience at the manager level preferred
  • Bachelors degree in Business with a concentration in Human Resources, or related discipline or comparable degree, or equivalent experience, MBA and CCP preferred
3

Senior Manager, Compensation Job Description

Job Description Example
Our company is growing rapidly and is looking for a senior manager, compensation. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior manager, compensation
  • Create and oversee standard organization and compensation audits
  • Partner with global HR leaders, finance and business development to monitor CCS acquisition activity
  • Direct the strategic planning for the design, management and implementation of total compensation programs, which includes
  • Ensure a smooth and efficient annual salary review process
  • Complete annual submission of data to the external benchmarking provider
  • Ensure National Living Wage, National Minimum Wage and all other legislative requirements are met at all times
  • Oversee all administrative aspects of the Anaplan ASIP System (user interface, security access, data management, issue resolution, information dissemination, etc)
  • Manage the monthly close, perform journal entries, and process various bonus payments as per the incentive plan(s)
  • Identify, investigate, analyze, and communicate the cost risks and savings opportunities impacting ASIP
  • Maintain a schedule to ensure all internal and external deadlines are met (journal entry deadline, recon deadline, meetings with department heads, etc…)
Qualifications for senior manager, compensation
  • 2+ years of experience at a software company
  • Xactly user certification preferred
  • Strong communication skills and management presence
  • Work with channels to drive 100% confidence in our compensation
  • Management of Integrated production program balances, coordinating with Sales & Marketing
  • Review, reconcile and coordinate the quarterly balance sheet review for all ASIP accounts
4

Senior Manager, Compensation Job Description

Job Description Example
Our company is hiring for a senior manager, compensation. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior manager, compensation
  • Partner with sales and marketing senior leadership to define and develop a compensation program that aligns with the organization’s strategic plan and which drives incremental sales growth
  • Analyze and evaluate compensation programs for the organization, recommending and implementing new and improved programs that are cost-effective and provide competitive positioning
  • Develop and integrate marketing communication campaigns that create awareness and motivate field individuals to drive incremental sales performance
  • Leads the development, implementation, and maintenance of sales incentive programs, including budget and forecast that align with the business objectives of the franchises
  • Lead the compensation and performance management operations for the Business Area and its affiliates
  • Partner with senior HR members and business leaders to develop a thorough understanding of the requisite business model, the financial outlook and growth plans, organization’s core jobs and functions, workforce dynamics, and competitive landscape of market factors
  • Optimize and execute enterprise-wide executive compensation programs and processes in the areas salary pay planning, executive compensation, reward & recognition programs, employee perquisites, incentives, and performance management
  • Act as an internal resource on marketplace trends, relevant laws and regulations, and competitive programs
  • Provide internal customers with analytics and recommendations regarding compensation programs and initiatives
  • Managing the vendor relationship with our contracted Incentive services partner
Qualifications for senior manager, compensation
  • 5 years of experience in Compensation, HRIT, Accounting or Finance
  • Team player who can function well in an interactive environment
  • A Master's degree in finance or an MBA along with leadership experience and demonstrated competence of advanced analytical methodologies
  • 3-5 years with significant elements of above duties required
  • 5+ years’ experience in a human resources role in the workers’ compensation field with a good understanding of workers’ compensation insurance and claims
  • Must possess excellent written and verbal communication abilities, including effective presentation skills to all levels of the organization
5

Senior Manager, Compensation Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of senior manager, compensation. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior manager, compensation
  • Manage the partner team responsible for the quarterly payout process for our salesforce
  • Ensure accurate and on time incentive processing within the quarterly close process, implementing consistent and best practices from the Global Compensation Committee
  • First point of contact for plan issue resolution and escalations from the plan participants associates and sales management escalating to the Associate Director where appropriate
  • Collaborate with the international sales incentives and finance teams
  • Management of payment and claw back processes for our sales teams in the US
  • Provide input to the design of compensation plans, including implementation process and overall implementation timeline
  • Drive issue resolution process for responding to escalated issues and questions concerning sales plan, payments and policies, using discernment and escalating where appropriate
  • Responsible for ensuring SOX processes and audits are applied to relevant incentives calculation and payment processes
  • Assist in preparation of monthly & quarter-end accounting forecast/accrual processes
  • Development of process improvements to improve overall plan efficiency
Qualifications for senior manager, compensation
  • Bachelor’s Degree in Compensation, Accounting, Finance, HRIT or Military experience
  • Strong organizational skills and the ability to multi-task are required
  • Ability to work independently perform in a strong team environment
  • Leading cross-functional development of compensation strategies and plans to motivate the right behaviors to achieve strategic business objectives and financial commitments
  • Developing in depth knowledge of Marketing Plans
  • Understanding market, regional and local dynamics in order to continuously improve alignment of compensation plans and quota-setting methods to enterprise objectives

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