Associate, Compensation
$120k - $180k USD
NAME OF EMPLOYER: Generate Capital, PBC
POSITION TITLE: Compensation Associate
POSITION LOCATION: 452 Fifth Ave., Fl 26-27, New York, NY 10018
Hybrid - in office 4 days per week
SALARY: $120,000-$180,000/yr.
HOURS: Full Time/40 hours
JOB DUTIES: Assist in development and execution of company's compensation strategy, including base salary, bonus, and long-term incentives. Conduct market research and benchmarking analyses to ensure competitive compensation practices, and provide recommendations on compensation trends, best practices, and industry standards. Support annual compensation planning process, including data collection, analysis, and reporting findings to Executive Team and Board of Directors. Partner with People and Finance teams to prepare accurate compensation budgets and forecasts, and ensure timely processing of equity grants, vesting, and exercise activities. Collaborate closely with Talent Team and senior leaders to ensure alignment between compensation and performance management processes. Interface directly with leaders of business to advise on key decisions, process milestones and developments in broader market related to compensation. Responsible for all compensation related employee communications, including FAQs. Develop and deliver communication materials and educational content for employees on compensation and equity programs, including developing offer letters, equity plan documents, participant guides, etc.
REQUIREMENTS: Bachelor’s degree or equivalent in Business Administration, Economics, Finance or related field of study and 2 years of experience in compensation analysis and strategy at an asset management organization.
Applicants must have demonstrated experience with:
1) collecting, analyzing, and interpreting compensation data and market trends.
2) compensation benchmarking tools.
3) using Excel to write formulas to analyze large data sets, including vlookup and nested if-statements.
4) presenting plan concepts, ideas and plans to stakeholders with varying technical backgrounds.
5) Workday HCM or similar HRIS system.
6) working with long-term incentives and deferred compensation related to fund performance.
7) benchmarking investment-related jobs (such as private equity investors, hedge fund portfolio managers, etc.)
To apply email resume with job code #LN1107 in the subject line to Generate Capital, PBC at applications@generatecapital.com. EOE.
Generate’s compensation packages are dependent on the facts and circumstances of each case. Salary decisions take into account a wide variety of factors including, but not limited to: skill sets, experience and training, licensure and certifications, geographic location, and other business and organizational needs. A reasonable estimate of the base salary range for this role is $120,000 – $180,000/year. In addition, the compensation package may include a discretionary bonus and other benefits, including health care benefits, retirement benefits, benefits permitting paid days off (including sick leave, parental leave, and paid time off or vacation benefits), and other benefits that must be reported for federal tax purposes. It is not typical for an individual to be hired at the top of this range.