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 $1.91 trillion in assets for clients around the world. PIMCO has over 2,800 employees in 17 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:
Reporting to the Head of Total Rewards, the Compensation Manager will support and manage strategy development, design, implementation, administration, and governance of compensation programs for key PIMCO operating groups. This role will ensure all programs align with corporate business objectives, are effective in attracting, rewarding, and retaining key talent, and are fully compliant with local legal and regulatory requirements. This is a collaborative role that will work cross-functionally with business leadership, Human Resources, Finance, and Legal to understand business issues and collectively develop effective business solutions.
*Support the development and management a global compensation strategy that is fully aligned with the objectives of the business plan, motivates performance, is fiscally responsible, and supports the attraction and retention of high performing talent.
*Design and implement corporately aligned and locally relevant compensation programs in collaboration with HR, business unit, and local market leadership.
*Efficiently and effectively execute core corporate compensation processes including job architecture and compensation structure design and maintenance, management of merit and incentive planning, market analysis, key hire offers, and variable pay program governance support.
*Oversee the communication and education of compensation programs to ensure understanding by employees.
Partner with corporate and business unit human resources in the analysis and resolution of compensation related issues.
*Ensure the capability to monitor local market trend information to ensure compensation programs are competitive and responsive to both corporate and local business unit needs.
*Monitor the effectiveness of existing compensation policies, guidelines and procedures, recommending plan revisions as needed, in support of the strategic objectives and evolving external requirements.
*Stay current on compensation trends and serve as the subject matter expert and technical resource on all compensation related matters.
*Serve as a trusted advisor to assigned business leadership and HR teammates.
*Provide expert subject matter advice and involvement in support of M&A and divestiture activities.
*Oversee compensation related vendor relationships, negotiating services and managing costs.
*Lead, develop, and mentor junior Compensation Consultants. Position Requirements:
*BA/BS in related field, a MBA is preferred.
*Financial services experience is preferred.
*Minimum of 5 years of experience in one or more of the following compensation verticals: broad based compensation, sales compensation or executive compensation.
*Excel proficiency is required; Access or compensation system experience helpful.
*Workday experience is helpful.
*Outstanding analytical, executive engagement and presentation skills.
*Aptitude for balancing multiple priorities with strong organization and prioritization capability. 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