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Compensation Manager

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Pimco

2mo ago

  • Job
    Full-time
    Mid & Senior Level
  • People, HR & Administration
    Banking & Finance
  • New York
  • Quick Apply

AI generated summary

  • You need a Bachelor’s in a relevant field, 3-7 years in compensation (preferably in finance), year-end compensation experience, Excel skills, and familiarity with Workday/beqom.
  • You will analyze compensation data, support compensation strategy, manage processes, collaborate with leaders, propose packages, monitor trends, and enhance internal tools and communication.

Requirements

  • 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 Workday and/or beqom preferred.

Responsibilities

  • Become a subject matter expert in compensation-related HR processes, leveraging knowledge and data to analyze trends, enhance process efficiencies, and drive informed improvements.
  • 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.
  • 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.
  • 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.
  • Contribute to cyclical exercises such as job matching for market data, monthly budget vs. forecast reporting, and the annual pay review process.
  • Partner with Business Leaders to manage compensation expenses in alignment with their people strategy.
  • Propose compensation packages for new hires and assist Business Leaders with year-end compensation decisions.
  • Support communication and education programs related to compensation to enhance employee understanding.
  • Analyze and provide recommendations to resolve compensation-related issues.
  • Monitor local market trends to ensure compensation programs remain competitive and responsive to corporate and local business needs.
  • Stay updated on compensation trends and assess the effectiveness of existing policies, recommending revisions to support strategic objectives and evolving external requirements.
  • Provide process management and actionable analytics for core compensation processes.
  • Maintain and support internal compensation-related tools.
  • Actively participate in enhancing the year-end compensation system, ensuring accurate information maintenance and auditing during the year-end review process.

FAQs

What is the job title for this position?

The job title is Compensation Manager.

Where are the locations for this job?

The positions are available in New York, NY or Newport Beach, CA.

What qualifications are required for this role?

A Bachelor's Degree in Business Administration, Finance, Human Resources, or a related field, along with 3-7 years of compensation experience, preferably in the Financial Services or Asset Management/Investment Management industry.

Is experience with Workday or beqom necessary for this position?

Experience with Workday and/or beqom is preferred but not specifically required.

What are the key responsibilities of the Compensation Manager?

Responsibilities include managing compensation strategy, executing core compensation processes, conducting data analysis, supporting communication programs related to compensation, and monitoring market trends.

What type of work environment can I expect?

PIMCO offers a dynamic work environment that values collaboration, adaptability, and provides opportunities to make a meaningful impact.

Does PIMCO offer a discretionary bonus?

Yes, PIMCO has a total compensation approach that includes a base salary and a discretionary bonus based on performance.

What skills are essential for the Compensation Manager role?

Essential skills include exceptional organizational abilities, strong analytical and process execution skills, and intermediate to advanced Excel capabilities.

How does PIMCO support employee development?

PIMCO emphasizes continuous learning and professional development to help employees stay abreast of industry trends.

What is the salary range for the Compensation Manager position?

The salary range is $145,500.00 - $168,000.00.

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Pimco

Through changing markets & changing times, PIMCO has been a global leader in active fixed income for 50+ years.

Finance
Industry
1001-5000
Employees
1971
Founded Year

Mission & Purpose

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