Job Description:
Penn Mutual is seeking an experienced Compensation Manager to lead our compensation strategy and programs. This role will be responsible for developing and implementing compensation strategies that attract and retain top talent, align with the company’s objectives, and ensure fair pay practices. This position will report directly to the VP, Total Rewards and will play a critical role in shaping our compensation programs to drive our business forward. Workday experience is required. This position is 100% remote.
Primary Responsibilities:
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Further develop, evolve, implement and manage a comprehensive compensation strategy that aligns with the company’s goals and ensures competitive and fair compensation practices.
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Deliver expert compensation consulting and develop proposals and presentations about compensation programs to influence and educate senior level decision-makers.
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Maintain and ensure the organization’s compensation policies and practices are free from discrimination and disparate impact issues.
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Independently facilitate the annual bonus and merit processes including requirement gathering, system configuration, data preparation, process management and communication.
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Build trusted relationships and work closely with HR Business Partners, Talent Acquisition and business leaders on compensation for new hires, transfers, promotions and market adjustments. Provide consult on job leveling, FLSA status and titling.
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Create and maintain an effective job architecture program which structures roles, responsibilities, and career paths that ensure transparency, equity and alignment with business goals, ultimately improving talent management and employee experience.
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Update and maintain the organization’s market-based salary structure by participating in several salary surveys ensuring accurate matches.
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Effectively utilize and administer our market pricing technology aggregator.
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Maintain and create an effective job description library.
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Administer Penn Mutual’s reward and recognition platform.
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Actively participate in compensation forums and networking groups to utilize new benchmarking and strategy opportunities.
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Prepare reports for the board committees.
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Prepare and submit required reporting, such as EEO-1, CA Pay Data Reporting and others.
Qualifications:
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Bachelor’s degree from an accredited institute of higher learning in business, human resources or related field. MBA is a plus.
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Proficiency or knowledge of Workday compensation and advanced compensation required.
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At least 8 years’ experience in compensation roles with increasing responsibility, with at least 3+ years of Workday compensation specific experience.
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CCP (Certified Compensation Professional) certification preferred.
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Advanced Excel skills
Other:
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Ability to handle issues involving sensitivity and confidentiality and process confidential information with the utmost judgment and discretion
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Demonstrated service orientation; ability to prioritize
Base Salary $120,000 - $130,000
For over 175 years, Penn Mutual has empowered individuals, families and businesses on the journey to achieve their financial goals. Through our partnership with Financial Professionals across the U.S., we help instill the confidence and reliability that comes from a stronger financial future. Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of Financial Professionals and their clients, including life insurance, annuities, wealth management and institutional asset management. To learn more, including current financial strength ratings, visit
www.pennmutual.com
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Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment-related decisions and practices are free from unlawful discrimination. This includes: race, creed, color, national origin, ancestry, citizenship age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law.
