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Senior Associate/Manager, Compensation

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Location: Boston, MA, United States
Date Posted: Feb 23, 2024

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Description

Senior Associate/Manager, Compensation  

 

The Opportunity: 

Alvarez & Marsal (A&M) is a global professional services firm specializing in performance improvement and business advisory services. A&M delivers specialized operational, consulting, and industry expertise to management and investors seeking to accelerate performance, overcome challenges, and maximize value across the corporate and investment lifecycles. Founded in 1983, the firm is known for its distinctive restructuring heritage, hands-on approach, and relentless focus on execution and results. 

 

A&M’s Compensation & Benefits practice is currently seeking a Manager with key expertise in the area of Broad-Based Compensation. The ideal candidate will work with our team of professionals to advise companies of all sizes on various compensation and benefits matters. When you join us you will gain unique experiences and valuable knowledge working across capabilities, sectors, and geographies, and have the opportunity to take control of your career progression. 

 

As a Manager, you will assist clients with the design, implementation, communication, and monitoring of their compensation philosophy and strategy. The types of programs we consult on include base salary, annual incentives, long-term incentives, executive-level retirement, deferred compensation, and fringe benefit plans. 

 

Primary Responsibilities Include: 

  • Complete complex compensation and benefits projects 

  • Provide competitive market data, quantitative/qualitative analyses 

  • Participate in multiple broad-based compensation engagements for a diverse client base, both in and out of the transaction setting 

  • Contribute to client satisfaction by providing timely and effective responses to client needs and concerns 

  • Benchmark, design, and implement annual incentive plans  

  • Review, create, and implement salary structures for organizations of all sizes 

  • Conduct statistical analyses of compensation data 

  • Model financial impact of compensation plans 

  • Conduct performance metrics studies 

  • Monitor compensation trends 

  • Participate in marketing initiatives including support on developing compensation work and methodology approaches, writing and supporting proposals and conducting surveys 

  • Participate in client meetings and work within a team environment to deliver fully integrated compensation and benefit services to clients 

  • With this position, you will further your analytical and communication skills while adding value for our clients by helping solve their complex problems 

  • Lead client engagements on a day-to-day basis and manage staff members on various projects, including: 

  • Benchmark compensation and develop reports to support the compensation recommendations 

  • Design annual and incentive plans  

  • Review/draft technical memorandums and letters related to compensation & benefits issues 

  • Review the calculations and work product of peers for accuracy and reasonableness, serving as a thorough reviewer of data and results (most of the work product reviewed will be in Excel and PowerPoint) 

  • Interpreting and applying laws, regulations, judicial precedent and other guidance 

 

 

Qualifications: 

  • Bachelor’s degree required, Advanced Degree preferred (i.e., JD, LL.M. in Taxation, and/or World at Work Certified) 

  • 4-5 years of related work experience 

  • Strong knowledge of compensation and statistical analysis, incentive plan design and analysis, and pay structure analysis and design 

  • Excellent verbal and written communication skills and ability to articulate complex information, including presenting complex topics in easily understood terms to clients 

  • Strong analytical skills 

  • Ability to simultaneously work on and manage several projects and effectively manage deadlines 

  • High motivation to learn and grow 

  • Proficient in Excel, PowerPoint, and Word 

 

Compensation Statement: 

The annual base salary range is $85-130k, commensurate on experience.  In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance.  Please ask your recruiter for details.  

  

Benefits Summary:     

Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings’ fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined from time to time as well as a 401(k) retirement plan. Provided the eligibility requirements are met, employees will also receive a discretionary contribution to their 401(k) from Alvarez & Marsal. Click here for more information regarding A&M’s benefits programs.

Alvarez & Marsal recruits on an ongoing basis. Candidates are considered as they apply, until the opportunity is filled. Candidates are encouraged to apply expeditiously to any role(s) that they are qualified for and that are of interest to them. 

Diversity & Inclusion

A&M’s entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity, and we foster inclusiveness, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.

Equal Opportunity Employer

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M policy statements and additional information by region here.

Unsolicited Resumes from Third-Party Recruiters

Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening and in alignment with our Inclusive Diversity values. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.

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