VP, Compensation

Employer
PIMCO
Location
Newport Beach, USA
Salary
Competitive
Posted
Feb 15, 2022
Closes
Feb 28, 2022
Ref
13356869
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
About Us:

We are PIMCO, a leading global asset management firm. We manage investments and develop solutions across the full spectrum of asset classes, strategies and vehicles: fixed income, equities, commodities, asset allocation, ETFs, hedge funds and private equity. PIMCO is one of the largest investment managers, actively managing more than $2.2 trillion in assets for clients around the world. PIMCO has over 3,070 employees in 22 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.

PIMCO is one of the world's premier fixed income investment managers with thousands of professionals around the world united in a single purpose: creating opportunities for our clients in every environment. Since 1971, we have brought innovation and expertise to our partnership with the institutions, financial advisors and millions of individual investors who entrust us with their assets. We aspire to cultivate performance and leadership through empowering our people, diversity of thought, and a commitment to an inclusive culture that engages in our global communities.

Position Description:

JOB DESCRIPTION
We are seeking a Compensation Vice President to join our growing team. Reporting to the Global Head of Compensation, you will manage various compensation programs including Commissions, Carry, Voluntary Deferred Compensation, Long term Deferred Compensation, etc. You will be responsible for the strategy, development, design, implementation, administration, communication, and governance of these programs whose participants include the most senior executives of the company. This is a collaborative role that will work cross-functionally with business leadership, Human Resources, Finance, and Legal to ensure compliance and seamless execution of our programs. The ideal candidate has a track record of improving processes/automation, excellent Excel modelling skills, highly organized, experience in vendor management, and a client focused mindset.

RESPONSIBILITIES
•Subject matter expert in compensation related programs, using this knowledge to introduce process efficiencies and improvements.
•Stay current on compensation trends and legislation effecting programs to propose changes as needed
•Create and manage communication to participants to increase understanding of programs, value proposition, and PIMCO's Total Reward package.
•Develop and propose new ways of managing program data, creation of analytics, and push of a button reporting through use of Excel, Workday, and Vendor capabilities.
•Effectively manage vendor relationships to maximize capabilities; push the envelope and think outside the box to achieve operational excellence.
•Develop data-driven recommendations focused on improving the application of the various programs.

Position Requirements:

REQUIREMENTS
•BA/BS in related field.
•Financial services experience preferred.
•Experience in compensation related fields a plus: talent mobility, deferred compensation, tax, payroll, HR operations, etc.
•Excel proficiency is required; Access, Workday, and/or compensation related system experience preferred
•7+ years' experience in compensation functions (design and delivery).
•Outstanding analytical, executive engagement and presentation skills.
•Aptitude for balancing multiple priorities with strong organization and prioritization capability.
•Ability and initiative to dive into the details while being capable of having high level discussions with executives

Benefits:

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and well-being of you and your family. Benefits vary by location but may include:
  • Medical, dental, and vision coverage
  • Life insurance and travel coverage
  • 401(k) (defined contribution) retirement savings, retirement plan, pension contribution from your first day of employment
  • Work/life programs such as flexible work arrangements, parental leave and support, employee assistance plan, commuter benefits, health club discounts, and educational/CFA certification reimbursement programs
  • Community involvement opportunities with The PIMCO Foundation in each PIMCO office

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