Logo of Huzzle

Compensation Consultant

image

Pimco

12d ago

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

AI generated summary

  • You need a Bachelor's in a relevant field, 2-6 years of compensation experience, strong Excel skills, and analytical abilities. Experience with Workday/beqom and year-end processes preferred.
  • You will analyze compensation data, support program design, manage expenses, propose packages, enhance communication, and monitor market trends to ensure competitive compensation practices.

Requirements

  • Bachelor’s Degree in Business Administration, Finance, Human Resources, or a related field.
  • 2-6 years of compensation experience, preferably in the Financial Services or Asset Management/Investment Management industry.
  • At least one year of experience managing or supporting a year-end compensation process highly desirable.
  • 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 location for the Compensation Consultant position?

The location for the Compensation Consultant position is in New York, NY or Newport Beach, CA.

What qualifications are required for the Compensation Consultant role?

A Bachelor’s Degree in Business Administration, Finance, Human Resources, or a related field is required. Additionally, 2-6 years of compensation experience, preferably in Financial Services or Asset Management, is needed.

What type of work experience is preferred for this position?

At least one year of experience managing or supporting a year-end compensation process is highly desirable.

What skills are necessary for the Compensation Consultant position?

Intermediate to advanced Excel skills, strong analytical and process execution skills, and experience facilitating change in a dynamic, multi-business, global environment are necessary for this position.

Does PIMCO provide equal employment opportunities?

Yes, PIMCO recruits and hires qualified candidates without regard to various factors, including race, gender, age, military status, and more, promoting equal employment opportunity and affirmative action.

What does the total compensation package include for this position?

The total compensation package includes a base salary and a discretionary bonus. The base salary is determined by core job responsibilities, relevant experience, internal level, and market factors.

What is the salary range for the Compensation Consultant position?

The salary range for the Compensation Consultant position is $105,000.00 - $140,500.00.

What tools or systems are preferred for the Compensation Consultant role?

Experience with Workday and/or beqom is preferred for the Compensation Consultant position.

How does PIMCO support employees with disabilities during the hiring process?

PIMCO provides reasonable accommodations for qualified individuals with disabilities in the job application procedures. Candidates can contact a dedicated line for assistance in applying online.

What is the focus of the Total Rewards team at PIMCO?

The Total Rewards team focuses on the strategy development, design, implementation, administration, and governance of compensation programs to attract, reward, and retain talent while ensuring compliance with local regulations.

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