Director, Compensation in Newark, New Jersey | DiversityInc Careers
 
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Director, Compensation

About the position

Compensation is responsible for designing, implementing and maintaining reward plans and practices, including salary, annual incentive, long-term and other specialized incentive programs. This position is responsible for managing the market intelligence (MI) team which gathers and analyzes market data to ensure executive, management and non-management pay in the US and internationally is competitive. Although the position will manage both the US and international MI processes, the MI work related to international countries converting / converted to the Global Compensation Plan will be the position’s initial focus.

Key Responsibilities

  • Provide information and analyses to internal clients to ensure compensation programs align with the business strategy and are market competitive
  • Participate in and/or lead the annual review of market data and development of internal market reference ranges (“MRRs”), develop reports, analyze market data, recommend structure / MRR movement including cost analyses for both US and additional countries
  • Respond to inquiries regarding plan, policy, job evaluations and market data from Human Resource partners and Compensation Relationship Managers
  • Provide project management and subject matter expertise for compensation program implementations
  • Maintain / create compensation structures for smaller countries and provide consulting support for larger international businesses
  • Partner with International Human Resource Business Partners and Compensation Relationship Managers to implement global compensation processes (e.g., maintenance of global job catalogue and consistent benchmarking)
  • Act as a consultant on complex benchmarking issues, new roles/job creation, working with in-country Human Resource Business Partners
  • Support the annual compensation process for International Country Heads and annual incentive process compensation reporting for International Division Headquarters Staff
  • May lead or participate in special project teams in support of various compensation initiatives
Qualifications
  • Master’s degree preferred
  • Minimum of 8 years of related experience in preferably in financial services
  • Managerial capability: hire, coach, develop and lead high performing staff/teams
  • Advanced analytical skills including superior interpretive and reporting capabilities
  • Strong communication skills (both verbal and written)
  • Ability to present and clearly explain information to non-technical audiences and leadership
  • Concisely articulate the inferences (story) from the data analyses
  • Strong risk management and control mindset as work involves highly confidential data
  • Detail oriented with strong time management, organizational skills and ability to adapt to frequent change
  • Proven ability to effectively juggle multiple priorities and to prioritize day-to-day responsibilities and project related tasks
  • Ability to work collaboratively in team environments
  • Self-starter with a strong sense of ownership and commitment to excellence
  • Compensation relationship management experience, a plus
  • Proficient with Microsoft Office suite - Excel, Access, Word, PowerPoint, Cognos Reporting (or similar report writing tools); familiarity with HR applications and compensation systems is a plus (e.g., WTW Reward, Workday, Oracle HCM)
  • Position is based in Newark, NJ
  • Availability for off-hour calls / occasional international travel

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.