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Compensation Partner

New York, USA
Closing date
Jul 8, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

We are seeking a hardworking and motivated Compensation Partner to join our Total Rewards team.

In this role, you will support the strategy development, design, implementation, administration, and governance of compensation programs for all our PIMCO businesses. As a Compensation Partner, you will be aligned to PIMCO businesses, and partner with them in managing their compensation expenses in line with their people strategy. You will provide analytical and consultative support and ensure all programs align with corporate objectives, effectively attract, reward, and retain talent, and fully comply with local legal and regulatory requirements. This is a highly analytical and collaborative opportunity where you will be a valued partner in providing critical data analysis and recommendations for business groups, HR, and other cross-functional teams supporting our core compensation processes.

New York, NY or Newport Beach, CA.

About You
If the following describes you, let's talk!
  • A "big picture" thinker-grasping how projects support business objectives and how you play a meaningful role
  • Exceptional organizational and project management skills, including the ability to meet deadlines and lead ongoing initiatives
  • Resourceful problem-solver who enjoys creatively solutioning complex issues
  • Self-motivated with a consistent record of delivering on assigned responsibilities through pursuing excellence, outstanding attention to detail, and using interpersonal and communication skills
  • You thrive in a fast-paced environment, can seamlessly adapt to shifting priorities, and enjoy working with ambiguous or unstructured processes
  • A standout teammate who builds positive relationships and collaborates across a globally diverse organization, including external vendors, helping others perform at their best and achieve their fullest
  • Track record of building credibility and trust through consistent behavior, ethical standards, confidentiality, respect for others, integrity, and judgment
  • Intellectually curious; dedicated to professional development and staying on top of emerging trends
  • High emotional intelligence, flexible, and resilient
  • You encourage a positive work environment and culture for all employees
  • You share PIMCO's values of Collaboration, Openness, Responsibility, and Excellence, which allow us to bring the best to our clients and each other
The key responsibilities include, but are not limited to:
  • Become a subject matter expert in compensation-related HR processes, using this knowledge and data to analyze and identify trends, build process efficiencies, and make informed decisions to drive improvement
  • Partner with Business Leaders in managing their compensation expense in line with their people strategy
  • Provide data analysis and consultative support in the design and implementation of corporately aligned, locally relevant compensation programs that comply with applicable regulations
  • Support the management of PIMCO's compensation strategy that fully aligns with the objectives of the global compensation strategy, motivates performance, is fiscally responsible, and supports the attraction and retention of high-performing talent
  • Support the execution of core corporate compensation processes, including job architecture and compensation structure design and maintenance, management of merit and incentive planning, market analysis, strategic hire offers, and variable pay program governance support
  • Key contributor in cyclical exercises, including job matching for market data purposes, monthly budget vs. forecast reporting, and the annual pay review process
  • Propose compensation packages for new hire offers and support Business Leaders in year-end compensation decisions
  • Support compensation-related communication and education programs to ensure employee understanding
  • Provide analysis and recommendations to support the resolution of compensation-related issues
  • Monitor local market trend information to ensure compensation programs are competitive and responsive to both corporate and local business needs
  • Stay current on compensation trends and support assessments of the effectiveness of existing compensation policies, guidelines, and procedures, recommending plan revisions as needed to support the strategic objectives and evolving external requirements
  • Provide process management and actionable analytics in support of core compensation processes
  • Maintain and support internal compensation-related tools
  • Actively participate in the enhancement of the year-end compensation system, maintenance, and audit of information before and during the year-end compensation review process
  • Minimum of 3-5 years of compensation experience, preferably in Financial Services or Asset Management/Investment Management Industry
  • Minimum one year of experience managing and/or supporting a year-end compensation process
  • Intermediate-to-advanced Excel skills required
  • Exceptional analytical and process execution skills
  • Experience supporting change in a dynamic, multi-business, global environment
Desired Qualifications
  • Experience with Workday and/or beqom
PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.

Salary Range: $ 115,000.00 - $ 155,000.00

Equal Employment Opportunity and Affirmative Action Statement

PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.

Applicants with Disabilities

PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.

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