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Compensation Manager

Bain Capital

Bain Capital

Sales & Business Development
Boston, MA, USA
Posted 6+ months ago

BAIN CAPITAL OVERVIEW

Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with approximately $155 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. We leverage our shared platform to capture cross-asset class opportunities in strategic areas of focus. With offices on four continents, our global team aligns our interests with those of our investors for lasting impact.

Headquartered in Boston, Bain Capital offices are in New York, Chicago, Palo Alto, San Francisco, Dublin, London, Munich, Luxembourg, Hong Kong, Shanghai, Tokyo, Mumbai, Melbourne and Sydney.

KEY RESPONSIBILITIES

Bain Capital is looking for an experienced professional who will be responsible for supporting the compensation program for assigned business unit(s) globally including compensation modeling and analysis, financial planning, competitive benchmarking, compensation planning/forecasting, managing the year-end and mid-year compensation salary and bonus cycles. This individual will need to collaborate with senior leadership including various business unit leaders, HRBPs and members of finance. The role will primarily focus on the non-Partner investment staff population for the assigned business unit and work with others on the team to provide a coordinated compensation support model.

Day-to-day responsibilities within assigned business unit(s) include:

  • Participate in the development of Bain Capital’s compensation strategy and related employee communications regarding compensation programs including the development of a competitive compensation structure and consistent approach to pay decisions for all levels across the assigned business units.
  • Collaborate with business unit and HRBP’s to provide leadership and guidance on annual compensation reviews, bonus planning, and carried interest grants as well as to develop competitive offers including base salary, incentive compensation, carried interest awards, etc.
  • Assist in all financial analysis and reporting related to compensation on the P&L, including annual budgets, quarterly forecasts, long-term planning and liaising with the FP&A team as required
  • Assist in liaising with our Coinvest and GP teams on matters related to employee coinvest and carried interest awards for their business unit
  • Exercise critical thinking and excellent technical & business writing skills to synthesize the results of complex analysis into salient points important to senior leadership. Make data-driven recommendations
  • Recommend appropriate solutions to specific compensation related issues as needed to support the business
  • Manage and provide mentorship to junior compensation professionals to further growth of the team
  • Create materials/spreadsheets on compensation and analysis for executive meetings – ability to attend and present when required
  • Preparation and distribution of monthly, quarterly, annual and ad hoc reports
  • Respond to compensation data inquiries from managers and employees throughout the organization

GENERAL QUALIFICATIONS

  • Strong interpersonal skills, with the ability to influence and communicate at all levels of the organization
  • A leader that can manage in and be agile in a dynamic, fast-paced, hands-on culture with strong expectations on deliverables. Highly analytical experience coupled with ability to execute and communicate.
  • Ability to develop and adapt compensation strategies that deliver on the unique needs of the business
  • Strong analytic skills with the ability to gather key insights from quantitative and qualitative data to drive compensation decisions
  • Collaborative mindset with proven, strong communication, presentation and influencing skills – facile on developing PowerPoint slides that “tell a story”
  • Excellent attention to detail
  • Demonstrated ability to manipulate, manage and formulate data in Excel (Vlookup, Indexing, Sumproduct, Pivot Tables, Graphs/Charts)
  • Ability to prioritize workload and manage multiple projects at once, meet deadlines, and handle confidential information with discretion

DESIRED BACKGROUND/EDUCATION

  • Bachelor’s degree required
  • 8+years of experience in an analytics-driven environment, that has provided a foundation in compensation strategy as well as basic understanding of financial reporting
  • Financial services industry (private equity or banking) is preferred
  • Experience with incentive plan design, equity programs, prior experience with carried interest programs preferred
  • Solid understanding of financial concepts is strongly desired, MBA and/or CFA a plus