Compensation Lead

2 weeks ago

London Area, United Kingdom BGC Group Full time

Job Summary:

Responsible for supporting the firm’s global compensation programs, including leading the annual salary and incentive planning process, managing, and forecasting compensation budgets/expense, and enhancing/streamlining compensation related processes and philosophies. Also responsible for interpreting broker agreements and working closely with Payroll to ensure timely and accurate payment of commissions, draws and other compensation payments.


Essential Job Duties:

  • Partner with Finance teams on compensation expense planning/forecasting, coordinating of monthly and annual bonus accruals, and preparation of year-end bonus and salary increase budgets (including accompanying analytics and historical comparisons)
  • Partner with Compensation team, HR Business Partners, and Finance to lead the annual compensation planning process (i.e., merit, short and long-term incentive planning, performance management process, senior management review, total reward statement generation and distribution, firmwide communication rollout, etc.)
  • Document existing processes and workflows, identify continuous improvement opportunities, drive process change and create efficiencies across the function.
  • Consult with the Head of Compensation, and leadership across HR, Finance and Legal on the development of compensation playbooks (i.e., philosophies, strategies, policies, etc.)
  • Partner with the HRIS and Technology teams to ensure the HR, compensation and reporting systems meet the needs of the compensation team and other key stakeholders.


Skills, Education and Experience:

  • 7+ years of relevant work experience in compensation or related field.Experience with contract or commission-based compensation preferred.
  • Bachelor's Degree in an analytical field such as Finance, Accounting, Mathematics, Business, or related field. Master's degree is highly desirable.
  • Ability to work well both independently and in a global team environment.
  • Strong communication skills (both written and verbal), with ability to take complex concepts and distill them into digestible information for leadership and employees across the firm.
  • Ability to develop relationships with professionals across several HR, Finance, Technology and business groups, and act as an effective liaison to meet client needs.
  • Ability to work with Excel on a day-to-day basis, strong preference for individuals to be comfortable doing macros, vlookups, and pivot tables.
  • Working knowledge of HR Information Systems. Prior experience with Oracle HCM Suite, and specifically Oracle Payroll and Compensation, a plus.
  • Detail and results oriented, with ability to handle multiple, time-sensitive projects while focusing on the quality of work delivered to clients.
  • Demonstrated success in managing current processes, challenging the status quo, and championing new initiatives.

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