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Senior Manager, Partner Compensation

McKinsey & Company

McKinsey & Company

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See open jobs at McKinsey & Company.
Atlanta, GA, USA
Posted on Friday, February 9, 2024
Finance

Senior Manager, Partner Compensation

  • Atlanta

Who You'll Work With

You’ll work in our Atlanta, Georgia office as part of our Partner Compensation Group (a subset of the Global Compensation Function). Partner Compensation focuses on determining and communicating executive compensation (salary/base, compensation, other benefits, and profit-based compensation) for ~3,000 partners in 65+ countries. Your role would be to provide line management oversight, creating the framework to drive, transition, implement and operationalize key firm initiatives within compensation – either population segments and/or service lines.
You will work in partnership with department leads/heads across all global cells and with a wide variety of senior firm stakeholders and the firm’s governance committee to guide McKinsey’s global compensation policies. You’ll provide analytical thought partnership, create dynamic models and counsel to firm leaders (including People Analytics and Global Compensation, etc.) on firm initiatives, scoping and driving multi-dimensional analyses/initiatives, anticipating trends and leading active problem solving on key topics. You will oversee the work of more junior team members and help craft their professional journey as well. (Note: junior members may be located in other geographies – e.g., Gurugram, etc. which will require flexibility in schedule to accommodate time zone differences.)

What You'll Do

You will work in teams of typically 1-2 team members, playing an active and leadership role in all aspects of Partner engagement and core processes. A key part of your role will be to support Partners and Senior Partners who have changes in compensation due to moves, currency denomination, or other special circumstances.
You will be responsible for managing the development, implementation and administration of compensation operations for the full partner population with deep knowledge/experience in regional expertise/global scope. You will oversee and shape multiple major projects with very limited cover/oversight from supervisor and significant geographic/market complexity (e.g., mix of stable and volatile currencies, less mature markets). You are also responsible for interacting with a wide set of senior stakeholders and/or multi-cell stakeholder group (across regions) to provide advice on compensation principles, practices, and delivery.
This includes supporting firm leaders and the governance committee on principles, approaches as well as the committee’s long-term initiatives that include strengthening the firm’s resilience, assisting with firm mobility goals, opening new offices, establishing (and reconfirming) currency denomination and entry points into Partnership and Senior Partnership, and shaping compensation trajectories and caps.
A substantial amount of project-based work is required with the ability to formulate and test hypotheses, translate data findings/trends into full presentations and develop/communicate recommendations to firm leaders and implementing those changes with Partner Compensation members.

Qualifications

  • Bachelor's degree required with a concentration in business (finance/economics) or STEM (MBA is preferred)
  • 8+ years of job-related experience with a minimum of 5 years of executive compensation and project management experience
  • Demonstrated leadership skills with strong ability to adapt to changing environments and prioritizing tasks including 3+ years of supervising experience
  • Superior level knowledge of Excel and Word; advance knowledge of PowerPoint and preferably some knowledge of Access
  • Ability to define and drive clear set priorities for a high-performing team, and work collaboratively, creatively and cross-functionally in a dynamic work environment
  • Very strong background in developing processes and automating where possible; thinking at scale
  • Robust analytical skills with ability to synthesize and succinctly summarize results/implications (oral/written) and skills to communicate complex ideas effectively
  • Deep knowledge of compensation-related regulations and compliance requirements including managing budgets, variance analyses, etc.
  • Exceptional interpersonal and communication skills, credibility with senior leadership
  • Exemplary judgment, discretion and professionalism
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FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.

Certain US states require McKinsey & Company to include a reasonable estimate of the salary range for this role. A reasonable estimate of the range for new joiners for this role in the United States is $182,700 - $268,000. Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to an individual's assigned office location, experience and expertise. Certain roles are also eligible for bonuses, subject to McKinsey�s discretion and based on factors such as individual and/or organizational performance.

Additionally, McKinsey offers a comprehensive benefits package, including medical, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement program, financial guidance, and paid time off.

FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites.

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