Associate Vice President, Compensation
2 weeks ago
Description
Ares is looking for an Associate Vice President Compensation Business Partner to join the Human Resources team. The Associate Vice President Compensation Business Partner will be responsible for supporting the Compensation Business Advisory Group on full-cycle compensation activity as well as ad-hoc analytics and regulatory reporting. The individual in this role will regularly partner with the wider Compensation Team, HR Business Partners, Finance Business Partners, and Business Leaders to ensure a competitive compensation approach for the business, considering market intelligence, the Firm’s broader compensation strategy, and line of business performance/financial results.
The Associate Vice President Compensation Business Partner will be involved in helping to structure new employee offers, evaluate candidate buy-outs, assist with structuring compensation for employee transfers and exits and provide general advice and counsel on role pricing and compensation market trends.
The Associate Vice President Compensation Business Partner will help with communications, reporting, and analysis. The role will assist with the year-end compensation process for the firm, including the budget planning for future years, and will help in the review, development, and enhancement of compensation processes and procedures.
The role will also assist with regulatory reporting requirements in jurisdictions where required and ensuring pay regulations are adhered to. The successful candidate will be responsible for providing exceptional client service to the aligned client groups and the broader HR team, promptly addressing all related queries and concerns, streamlining and improving our Compensation processes to ensure best practices in a fast-paced rapidly growing environment.
Primary functions and essential responsibilities
Specific responsibilities include, but are not limited to:
Serve as the point of contact with assigned client groups to support all line of business compensation needs, partnering with other experts within and outside of HR as needed to deliver exceptional customer service. Educate leaders, managers and employees on Ares’ Total Compensation approach and key processes/timelines related to compensation, working in partnership with the Compensation Administration, Talent Management teams, and other Compensation Business Partners Work with HR Business Partners, leaders and managers in assigned client groups to support the annual compensation process. Leverage understanding of the assigned business groups and the associated talent pools to make informed recommendations on broader comp strategy/approach as well as individual compensation decisions. Monitor and review individual compensation decisions to ensure that the Firm is driving consistency in how we recognize performance, overall skill set and years of experience; highlight gaps and make recommendations to address any identified issues. In consultation with HRBP’s and Recruiters, create and maintain compensation grids and/or ranges (where applicable), modifying as needed based on market intelligence. Support pay equity audits and the annual compensation benchmarking process, working closely with the Compensation Administration team Gather market intel through peer connections, search firms and other relationships to provide enhanced insight where/when needed. Support the workforce planning and budgeting/forecasting process for assigned client groups. Regulatory Reporting such as Gender Pay Reporting in the UK as well as IFPR/AIFMD disclosure requirements. Complete other related duties as assigned.
Qualifications
Education:
Bachelor’s degree, preferably in business, economics, finance or accounting or related field Certified Compensation Professional Certification preferred.Experience Required:
6 to 10 years of analytical or compensation experience, preferably within financial services industry; experience in asset management a plus Global Compensation experience preferred. Experience with Workday and/or Compensation platform(s) preferred.General Requirements:
Strong technical skills with high proficiency in Excel and PowerPoint; experience with Access or other databases a plus An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes. Ability to successfully manage multiple priorities and competing demands. Ability to multi-task and prioritize deadlines; result oriented. Strong communication skills and team orientation; capability of interacting with key stakeholders to direct prioritization of Compensation-related activities. High accuracy and detail orientation Good judgement in terms of escalating issues vs. solving problems independently. A solutions-oriented, self-starter and ability to see the big picture. A demonstrated ability to research and leverage available resources to accomplish the task at hand. Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment. Dependable, great attitude, highly motivated and a team player. Ability to handle confidential information appropriately.Reporting Relationships
Compensation Business PartnerThere is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.
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