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Manager of Compensation in Newport Beach, CA at Lucas Group

Date Posted: 9/4/2018

Job Snapshot

Job Description

Title:  Manager of Compensation

Location:  Newport Beach, CA

The Manager of Compensation will be a business partner to the HR and management teams.  This role will oversee compensation strategy, policy and compliance for a global client group consisting of Aerospace manufacturing businesses.  The successful candidate will create, manage and deploy compensation systems to ensure market competitiveness and alignment with business objectives.  Key responsibilities of the position will focus on planning, design, implementation, regulatory compliance, communication, evaluation and administration of salary plans, incentive plans, and reward programs. This role will also provide internal customers, primarily HR site and regional leaders, with compensation solutions for a variety of complex compensation issues.

Primary Duties & Responsibilities:

  • Design and implement compensation structures that are robust, appropriate and tailored to the needs of the business.  Routinely assess the market appropriateness of the pay scales in concert with the business needs and strategic goals.
  • Uses knowledge of business strategies and competitive compensation practices to develop solutions, detailed implementation plans and financial impact to respective stakeholders.
  • Oversee, enhance and manage the administration of company incentive programs including the corporate long-term incentive program, annual executive level bonus program and the Quarterly Cash Bonus Program.
  • Develop communications tools to actively promote the effective comprehension and utilization of incentive programs.  Model overall program payouts and various planning scenarios. Administer and update plan documents and communication annually.
  • Ensure harmonized remuneration policies are utilized by providing training and support to HR teams and Managers of people.
  • Analyzes job descriptions, formulates recommendations regarding FLSA exemptions, market data comparisons and organizational structures. Supports site compliance audits.
  • Manages the annual merit review process for the assigned client group
  • Ensure ongoing FLSA compliance and conduct audits periodically to assess compliance; thoroughly document findings and recommend appropriate solutions for compliance
  • Partner with HR leaders to ensure development and design of compensation tools for manager self-service, bonus and incentive planning / tracking, and annual merit planning.
  • Develop and implement automated/IT tools and solutions to streamline and modernize our compensation processes.

Required Skills:

  • Ability to interface, collaborate, and proactively communicate effectively with internal HR business partners, business clients, as well as external sources.
  • Excellent written and verbal communication skills with the ability to adapt to shifting priorities, customer concerns, and management objectives.
  • Strong presentation skills with the ability to communicate proposed initiatives to senior leadership
  • Detail oriented with keen sense of accuracy particularly in time-sensitive situations
  • Problem Solving Skills: Identifies and resolves problems in a timely manner; gathers and analyzes information skillfully; develops alternative solutions; works well in group problem solving situations; uses reason even when dealing with emotional topics.
  • Analytical: Synthesizes complex or diverse information; collects and researches data; uses intuition and experience to complement data; designs work flows and procedures.
  • Project management skills: Develops project plans; coordinates projects; communicates changes and progress; completes projects on time and budget; manages project team activities.
  • Experience with market pricing methodologies, variable compensation plans, and FLSA compliance

Basic Qualifications:

  • 3+ years of experience in Compensation and/or related fields
  • Bachelor's Degree in Finance, Accounting, Mathematics, Business or related discipline
  • Intermediate-level experience with Microsoft office products including Excel, PowerPoint, and Access

Preferred Qualifications:

  • Work experience at a heavy manufacturing company, preferably in aerospace, automotive, or relevant industrial sector
  • MBA preferred

Travel Requirements:

  • Up to 25%

Lucas Group is North America's premier executive search firm. Since 1970, our culture and methodologies have driven superior results. We assist mid-tier to Fortune 500 clients find transcendent, executive talent; candidates fully realize their career ambitions; and associates find professional success. Headquartered in Atlanta, GA with 15 regional offices, our trusted, consultative, and passionate recruitment professionals combine industry depth and geographic breadth to deliver superior results. To learn more, please visit Lucas Group at www.lucasgroup.com.