Description
Manager, Compensation & Benefits Consulting
About Alvarez & Marsal
Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.
The Team
A&M’s Compensation & Benefits practice is currently seeking a Manager with key expertise in the area of Executive Compensation. The ideal candidate will work with our team of professionals to advise companies of all sizes on various compensation and benefits matters. When you join us, you will gain unique experiences and valuable knowledge working across capabilities, sectors, and geographies, and have the opportunity to take control of your career progression.
How you will contribute
As a Manager, you will assist clients with the design, implementation, communication, and monitoring of their compensation philosophy and strategy. The types of programs we consult on include base salary, annual incentives, long-term incentives, executive-level retirement, deferred compensation, and fringe benefit plans.
Primary Responsibilities Include:
- Complete complex compensation and benefits projects
- Provide compensation, tax, accounting, and business advice in regards to complex transactions
- Provide competitive market data, quantitative/qualitative analyses
- Have proficiency in the taxation of executive compensation and knowledge of Code sections 83, 162(m), 280G, and 409A
- Participate in multiple executive compensation engagements for a diverse client base, both in and out of the transaction setting
- Contribute to client satisfaction by providing timely and effective responses to client needs and concerns
- Participate in client meetings and work within a team environment to deliver fully integrated compensation and benefit services to clients
- Conduct proxy statement studies and analyses of other publicly available data sources
- Benchmark, design, and implement annual incentive plans and long-term incentive plans
- Conduct statistical analyses of compensation data
- Model financial impact of compensation plans
- Conduct performance metrics studies
- Monitor executive and other compensation trends
- Benchmark, design, and implement bankruptcy compensation programs, including Key Employee Incentive Programs (“KEIPs”), Key Employee Retention Programs (“KERPs”), Management Incentive Plans (“MIPs”), severance programs, etc.
- Assist clients with stakeholder awareness and negotiations (e.g., board of directors, creditors committee, U.S. Trustee, etc.), as applicable.
- Participate in marketing initiatives including support on developing compensation work and methodology approaches, writing and supporting proposals and conducting surveys
- With this position, you will further your analytical and communication skills while adding value for our clients by helping solve their complex problems
- Manage client engagements on a day-to-day basis and manage staff members on various projects, including:
- Benchmark compensation and develop reports to support the compensation recommendations
- Design annual and long-term incentive awards while considering the tax, accounting, and other regulatory ramifications
- Prepare tax calculations and various analyses/models to help clients make better informed compensation decisions and comply with the applicable rules and regulations
- Review/draft technical memorandums and letters related to compensation & benefits issues
- Review the calculations and work product of peers for accuracy and reasonableness, serving as a thorough reviewer of data and results (most of the work product reviewed will be in Excel and PowerPoint)
- Interpreting and applying laws, regulations, judicial precedent and other guidance
- Manage risk, resources, staffing and financial performance for multiple engagements at once including billing, collections and project budgets
- Identify key tax issues and accurately quantify the impact to in a clear, concise, and thoughtful analysis
- Build client relationships and demonstrate a working knowledge of client businesses
- Conduct day-to-day management of accounts to ensure delivery of timely and accurate work product
- Supervise, develop, mentor, and motivate our Associates and Senior Associates by actively participating in their advancement through on-the-job training, providing performance feedback, counseling, and fostering our team-based atmosphere
- Manage workload and deadlines for Associates and Senior Associates with a focus on quality, efficiency, and effectiveness of the project teams
- Demonstrate commitment and desired behaviors while working with others that have diverse experiences, skills and perspectives
- Regularly support business development efforts. Identify opportunities for add on work, thought leadership, new client pitches, and optimizing the compliance process
Qualifications:
- Bachelor’s Degree required; advanced degree preferred
- One of the following required: Juris Doctor, Masters in Tax, licensed CPA, or specialty compensation and benefits certification
- 5-7 years of experience working with technical issues regarding compensation & benefits
- Strong knowledge of executive compensation and statistical analysis, incentive plan design and analysis, and pay structure analysis and design
- Excellent verbal and written communication skills and ability to articulate complex information, including presenting complex topics in easily understood terms to clients
- Strong analytical skills
- Ability to simultaneously work on and manage several projects and effectively manage deadlines
- High motivation to learn and grow
- Proficient in Excel, PowerPoint, and Word
Your journey at A&M
We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person’s unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career.
We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.
Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings’ fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined periodically as well as a 401(k) retirement savings plan. Provided the eligibility requirements are met, employees will also receive an annual discretionary contribution to their 401(k) retirement savings plan from Alvarez & Marsal. Additionally, employees are eligible for paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type.
The salary range is $110,000 - $140,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.
#LI-NS1
A&M’s entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity, and we foster inclusiveness, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.
It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. .
Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.
