Director of Compensation
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Job Location:
Chicago, IL - USA
Monthly Salary:
$ 140 - 210
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job Description
Director of Compensation
About the Company
A leading insurance carrier recognized for innovative solutions financial strength and a client-focused approach is seeking an experienced Director of Compensation to support the growth of its Human Resources and Operations team.
Compensation & Benefits
- $140K $210K base salary
- Bonus eligibility
- On-site / 5 days per week
Summary
The Director of Compensation is responsible for developing executing and managing all compensation programs to ensure attraction and retention of top talent market competitiveness and internal equity.
Responsibilities
- Develop business acumen to design compensation programs that support employee engagement and organizational goals.
- Oversee the companys compensation framework including job-leveling structures.
- Lead and mentor a team of compensation professionals fostering a collaborative and inclusive environment.
- Manage compensation program re-design projects ensuring delivery within budget and timelines.
- Administer compensation programs including market surveys analysis and reporting.
- Partner with HRBPs and Talent Acquisition to ensure adoption of compensation philosophy pay grades and career paths.
- Oversee annual compensation cycles including merit reviews bonus planning and equity grants.
- Support the development of reward strategies aligned with strategic business objectives.
- Provide analytical support for incentive and executive compensation programs.
- Maintain consistency and compliance in job descriptions and job codes.
- Monitor market pay practices to maintain competitive compensation structures.
- Ensure compliance with wage and hour laws including FLSA evaluations.
- Lead the global mobility program.
- Manage communications related to Total Rewards programs.
- Partner cross-functionally with Finance Legal Marketing and other departments.
- Provide support on strategic and special projects as needed.
Requirements
- Bachelors degree in Human Resources Management or related field (advanced degree preferred).
- 7 years of experience in financial services; specialty insurance experience is a plus.
- 2 years of management experience.
- Expertise in compensation program design incentive plan development job evaluation market pricing and executive compensation.
- Experience managing global mobility programs including immigration matters.
- Strong knowledge of compensation-related laws and compliance requirements.
- Demonstrated success in leading multiple complex HR projects.
- Proven ability to build high-performing teams and deliver results.
- Exceptional collaboration communication and influencing skills across all organizational levels.
- Strong written verbal and presentation skills.
- High degree of confidentiality professionalism and objectivity.
- CCP (Certified Compensation Professional) or equivalent experience preferred.
- Occasional travel required.
Additional Experience
Total Rewards Mobility Benefits Long-term Incentives M&A Restructure Bonus Structure Commissions
Disclaimer: Please note that this job description may not cover all duties responsibilities or aspects of the role and it is subject to modification at the employers discretion.
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Required Experience:
Director
Key Skills
- Crisis Management
- Marketing
- Public Relations
- Fundraising
- Media Relations
- Constant Contact
- Strategic Planning
- Social Media Management
- Team Management
- Public Speaking
- Wordpress
- Writing Skills
About Company
The Jonus Group #1 Career Coaching Employment Agency - Best Mock Interviews, Linkedin Profile Optimization, Social Media Job Seekers, Outplacement Services, Career Goal Coach.
