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Compensation Vice President

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Pimco

8d ago

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

AI generated summary

  • You need a BA/BS in a related field, 7+ years in compensation design, Excel proficiency, experience with complex structures, and familiarity with Workday or Beqom.
  • You will drive compensation strategies, collaborate on packages, monitor trends, enhance communication, analyze data, manage vendors, and formulate data-driven initiatives to align with organizational goals.

Requirements

  • BA/BS degree in Business Administration, Finance, Human Resources, or a related field.
  • A minimum of 7 years of experience in compensation design and delivery, preferably within the financial services sector.
  • Demonstrated proficiency in Excel; familiarity with Workday and other compensation management systems is highly desirable.
  • Proven track record in managing complex compensation structures and vendor relationships.
  • Experience with Workday and/or Beqom preferred.

Responsibilities

  • Act as the primary authority on all compensation-related matters, leveraging deep expertise to drive process enhancements and introduce innovative solutions.
  • Collaborate closely with Talent Acquisition, HR Business Partners, and senior management to develop compelling compensation packages for new hires and existing employees, ensuring clear communication and alignment with organizational goals.
  • Maintain a keen awareness of emerging trends and regulatory changes in compensation, recommending timely adjustments to maintain competitive and compliant programs.
  • Spearhead the communication strategy for compensation initiatives, enhancing participant understanding and appreciation of the value provided by PIMCO’s Total Reward offerings.
  • Innovate in the management and analysis of compensation data, utilizing advanced tools such as Excel, Workday (Adaptive Planning), and external vendor platforms to produce insightful analytics and streamlined reporting.
  • Manage vendor partnerships effectively, pushing boundaries to maximize service delivery and achieve excellence in operational functions.
  • Formulate data-driven strategies to enhance the efficacy and reach of various compensation programs, ensuring alignment with organizational objectives.

FAQs

What is the primary responsibility of the Compensation Vice President at PIMCO?

The primary responsibility is to lead and enhance the comprehensive compensation framework, overseeing elements such as base salary, variable compensation, deferred compensation, commissions, and carried interest, while ensuring compliance and effective execution of compensation strategies across the organization.

What qualifications are required for the Compensation Vice President position?

Candidates should have a BA/BS degree in Business Administration, Finance, Human Resources, or a related field, along with a minimum of 7 years of experience in compensation design and delivery, preferably in the financial services sector.

What tools or systems should the Compensation Vice President be familiar with?

Proficiency in Excel is required, and familiarity with Workday, Beqom, and other compensation management systems is highly desirable.

What is the salary range for the Compensation Vice President position?

The salary range is $175,000.00 - $240,000.00.

What skills are important for a Compensation Vice President at PIMCO?

Important skills include exceptional organizational and project management capabilities, analytical skills, innovative problem-solving, resourcefulness, emotional intelligence, and the ability to engage effectively with executive-level stakeholders.

What type of work environment can the Compensation Vice President expect at PIMCO?

The work environment is fast-paced and collaborative, emphasizing a high-performance inclusive culture with a focus on collaboration, openness, responsibility, and excellence.

How does PIMCO approach total compensation for employees?

PIMCO follows a total compensation approach that includes a base salary and a discretionary bonus based on performance, which is determined by company, business, team, and individual results.

Where is the Compensation Vice President position located?

The position is located in either New York, NY or Newport Beach, CA.

How does the Compensation Vice President collaborate with other departments?

The Vice President collaborates closely with Talent Acquisition, HR Business Partners, and senior management to develop compelling compensation packages, ensuring alignment with organizational goals and compliance with regulatory changes.

What support does PIMCO provide for applicants with disabilities?

PIMCO is committed to providing reasonable accommodations for qualified individuals with disabilities, including veterans, throughout the job application process.

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