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 $1.78 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 worldâ€™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
This individual will drive the strategy development, design, implementation, administration, and governance of compensation programs for key PIMCO operating groups. This role will provide analytical and consultative support to business groups to 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 highly analytical role, providing key data analysis and recommendations for business groups, HR and other cross-functional teams in support of core compensation processes. This position can be based in either New York or Newport Beach, California.
â€¢Drive the execution of core corporate compensation processes including job architecture, compensation structure design and maintenance, management of merit and incentive planning, market analysis, key hire offers, and variable pay program governance support.
â€¢Lead impactful global compensation strategic initiatives
â€¢Partner with HR colleagues to provide expert advice to business leaders that align to their short and long term goals
â€¢Become a subject matter expert in compensation related HR processes, using this knowledge and data to introduce process efficiencies, analyze and identify trends, and make informed decisions to drive improvement.
â€¢Provide key data analysis and consultative support for the design and implementation of corporately aligned and locally relevant compensation programs.
â€¢Compose compensation related communications and education programs to ensure understanding by employees.
â€¢Provide analysis and recommendations to support the resolution of compensation related issues.
â€¢Monitor local market trend information to ensure compensation programs are competitive and responsive to both corporate and local business unit needs.
â€¢Stay current on compensation trends and assess the effectiveness of existing compensation policies, guidelines and procedures, recommending plan revisions as needed, in support of the strategic objectives and evolving external requirements.
â€¢Provide process management and drive actionable analytics in support of core compensation processes.
â€¢Maintain and enhance internal and external compensation related tools including our year-end recommendation planning system
â€¢Decisive leader during the year-end compensation review process while supporting business leaders of the firm Position Requirements:
â€¢BA/BS in related field
â€¢Excel proficiency is required; year-end pay review process experience preferred.
â€¢Workday experience is a plus.
â€¢5+ years of compensation experience in a fast paced, complex organization.
â€¢Exceptional analytical and process execution skills.
â€¢Experience supporting change in a dynamic, multi-business, global environment.
â€¢Aptitude for balancing multiple priorities with strong organization and prioritization capability.
â€¢Results oriented, with demonstrated ability to deliver on commitments and being a player/coach 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