Executive Compensation Job Description
Executive Compensation Duties & Responsibilities
To write an effective executive compensation job description, begin by listing detailed duties, responsibilities and expectations. We have included executive compensation job description templates that you can modify and use.
Sample responsibilities for this position include:
Executive Compensation Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Executive Compensation
List any licenses or certifications required by the position: CCP, CEP, CECP, GRP, HR, PSU, PHR, SPHR
Education for Executive Compensation
Typically a job would require a certain level of education.
Employers hiring for the executive compensation job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Human Resources, Accounting, Economics, Business/Administration, Education, MBA, Statistics, Mathematics
Skills for Executive Compensation
Desired skills for executive compensation include:
Desired experience for executive compensation includes:
Executive Compensation Examples
Executive Compensation Job Description
- Process documentation and automation is key for a consistent and sustainable control process
- Manage the processes, timeline, and the development and coordination of materials for the meetings of the Compensation Committee of the Board of Directors
- To successfully sell, design and deliver executive compensation and reward solutions in a broad range of industry sectors
- Delivery - responsible for developing, shaping and delivering executive compensation and reward programmes of work, with our industry account teams and other practice areas
- Building & leading teams - accountability for establishing cohesive and committed ways for teams to work closely and effectively together
- Facilitates and encourages collaboration amongst team members, and is capable of motivating teams to maximising performance)
- Demonstrates competitiveness, resilience and self-belief in the face of challenge, ambiguity and complexity
- Lead moderate to complex projects covering key areas of executive compensation and drive their delivery on time and in budget in a fast paced environment
- Assist with the preparation and coordination of materials for Compensation Committee Meetings, including competitive data and plan design alternatives and implications
- Design and generate metrics and reporting packages for HR management with trend analysis and forecasting, metrics to manage the function
- 8+ years of experience in compensation analysis, including exposure to executive compensation
- Extreme attention to detail, accuracy, organization and follow-up delivery of commitments and deadlines
- Some proven experience in Executive Compensation, Reward Strategy or Below Board
- Minimum ten years of progressively responsible compensation experience
- Experience interpreting, analyzing and reporting data in a clear concise manner for presentation to senior leaders
- Excellent ability to lead and motivate direct and indirect teams effectively
Executive Compensation Job Description
- Advise on Executive Compensation matters and handle the CD&A portion of annual Proxy
- Create innovative new ideas to attract, retain and motivate through compensation related programs that are flexible to the business needs and cost constraints of the company
- Lead Sales Compensation plan review and re-design as needed
- Lead management of company-wide equity compensation program including the ownership of reporting on program overhang, dilution, burn-rates, anticipated annual spend, and quarterly spend for new hires
- Participate in the communication and administration of incentive plans, including annual management bonus plan and sales incentive plan covering approximately 2,500 employees
- Serve as a consultant to line managers and HR staff on compensation issues
- Conduct market pricing analyses
- Develop data on NEO compensation to be included in tables in the Compensation Discussion and Analysis (CD&A) of the proxy statement
- Research executive compensation programs and practices at peer firms, including through reviewing proxy CD&As
- Collaborate with Business Partners and the HR teams to drive compensation and governance solutions that support major business change initiatives
- A high-energy individual with a strong work ethic and high expectations for performance
- Interprets the global external landscape and translates information into implications for the business and people strategy (e.g., talent strategies, organization design, workplace rights, work processes)
- Clear, concise and effective oral and written communication skills are critical to success in this role
- The position is responsible for articulating the Compensation Philosophy for the Company and ensuring that the related strategies enable management to attract, motivate, develop and retain the very best people
- Knowledge of the business markets and commercial dynamics
- Proven Executive Compensation experience
Executive Compensation Job Description
- Run audits to ensure tax, demographic, retirement, payroll details are correct
- Ensure complete accuracy and compliance with all regulatory requirements for global Executive Compensation
- Lead compensation design and implementation on global frameworks in line with the corporation strategy, vision, mission and values
- The administrative goal is to automate current paper intensive processes, eliminate duplicate data entry and integrate the processes through a series of HR projects designed to deliver HR administrative excellence
- Work with the HR functional areas to identify, to prioritize and then project manage administrative activities to achieve efficiencies utilizing HR Best Practices
- Responsible for the maintenance of HR department records, ensuring accuracy, confidentiality and regulatory compliance
- Oversee plan governance and plan compliance
- Collaborate with HR Business Partners and regional compensation centers of excellence (COE) to support and advise managers on compensation related activities such as strategic new hire offers, promotions
- Be the first line contact to the regional compensation centers of excellence on offers that may require a specific business compensation review for client groups
- Evaluate compensation for the executive band population and monitor the effectiveness of compensation programs
- Experience in a public company in a similar role
- Highly skilled at analyzing, formatting and presenting compensation data in a clear and concise manner
- Significant experience in plan administration
- Experience in creation of compensation committee materials
- Knowledge of executive compensation programs
- General knowledge of compensation and benefits programs
Executive Compensation Job Description
- Lead and participate in strategic compensation projects and participate in cross-functional HR projects
- Assist, as needed, in due diligence and post integration for mergers and acquisitions
- Assesses, designs, and/or develops existing and new executive and equity compensation programs for competitiveness, effectiveness, legal and regulatory compliance, and alignment with shareholder interests
- Advises Management and Human Resources staff on compensation issues
- Member of the proxy CD&A development team
- Leads or assists with special projects, including merger and acquisition activities and handles ad hoc assignments as directed
- Manages external vendors and ensures quality performance and timely deliverables
- Collaborate with UBS Abbott Treasury, Finance, Payroll, and other internal functions as needed to support equity administration
- Work with the Executive Compensation team and partners to design pay programs to both meet business needs and align to overall corporate philosophy
- Perform impact analyses and recommendations on executive pay levels and benchmarking strategy
- Ability to understand complex process flows, evaluate processes, determine root causes and implement solutions with minimal oversight
- Superior verbal and written communication skills, including report writing and documentation of procedures
- Demonstrated ability in advanced Excel techniques and proficiency in Access, PowerPoint, and Word
- Demonstrated project management, research, and analytical skills
- Ability to oversee multiple projects and workflow of team
- Desire to lead, coach and develop team members
Executive Compensation Job Description
- Develop, implement and analyze programs for executives and other top key positions, including long-term and short- term incentive plans, executive benefit plans, financial and tax treatment of compensation programs, and proxy disclosures and analysis
- Assist in the creation of materials for the Board of Directors and public filings
- Play a lead role in the development and evolution of the company’s compensation philosophy
- Lead and manage the day-to day responsibilities of the compensation function
- Develop and prioritize the strategic objectives for the compensation function, aligned to the overall business strategy
- Manage divisional compensation support and analysis, including developing effective analytics that enables the organization to make data-driven compensation decisions
- Monitor existing compensation program effectiveness, while focusing on continuous improvement
- Oversee annual compensation survey submission and market pricing activities
- Partner with the HR Operations team on the annual compensation planning process, including preparation of salary budget recommendations
- Remain knowledgeable of federal, state, and local laws to ensure that the compensation programs are compliant with corporate policies and government regulations
- Basic computer knowledge, including “hands on” experience with Microsoft Word, Excel and PowerPoint is required
- Flexibility and willingness to work in a collaborative and ever-changing HR environment
- 10 years of relevant experience with a minimum of six-plus years of experience in the design of executive compensation plans in a consulting firm
- Significant experience of financial services reward within a consultancy or in house
- You will have clear understanding of the methodology required to deliver reward advice and be able to develop solutions to meet a client's individual needs
- You will also have an expert understanding of regulatory principles within the financial services sector