What are the responsibilities and job description for the Vice President, Compensation and Benefits position at Edelman Financial Engines?
Vice President, Compensation and Benefits
At Edelman Financial Engines (EFE), we believe everyone deserves to move their financial life forward!
We know that assets have the power to fund goals. Those numbers represent individual lifetimes filled with hard work and
dreams for our clients and generations to follow. Our clients trust us to guide them forward with empathy, integrity and invention. We uphold that same standard of respect and commitment for clients and colleagues alike.
Founded on the idea that financial education is a fundamental right for everyone, Edelman Financial Engines continues to grow and challenge the status quo. We’re moving forward, together. If our purpose-driven commitment inspires you, we invite you to consider joining our team.
The Vice President, Compensation and Benefits is a key leadership role within the Human Resources department, as EFE works to Amplify Our People and Culture. The VP is responsible for the strategy and administration of our compensation, benefits, and equity programs that help us be an employer of choice, attracting and retaining strong talent. The VP will lead a team and partner closely with Finance, Accounting, Legal, and other HR leaders and their teams. This role reports directly to the Chief People Officer.
Responsibilities:
Compensation and Benefits
- Develop, implement and manage competitive and equitable compensation, benefits, and equity programs
- Oversee market analysis, benchmarking, and trend identification
- Champion, design and oversee the design and ongoing administration of market competitive variable compensation plans
- Lead the creation of employee communications about compensation and benefit programs, ensuring they are easily understood and incentivize performance
- Identify industry best practices and emerging trends to identify opportunities to improve existing programs and processes
Team Leadership
- Lead, manage, and develop a high-performing and engaged team, including the performance of work when support is needed.
- Foster a culture of collaboration, ownership, curiosity, continuous improvement, and customer focus
- Develop and utilize metrics to track the effectiveness of compensation and benefits programs, benefits service delivery, and the support provided to employees. Provide regular reporting and analysis to senior leadership.
Stakeholder Engagement:
- Provide strategic guidance and recommendations on compensation and benefits matters to stakeholders that support our talent strategy, drive business results, and align with our culture
- Effectively collaborate on, and communicate, program changes and updates
Vendor Management:
- Oversee relationships with vendors providing compensation and benefits services
- Ensure service levels and deadlines are met and work remains within budget
- Identify opportunities to change vendors, services from existing vendors, and participate in RFP processes
Requirements:
- 10 years of experience in compensation and benefits, with 5 years in leadership.
- Deep understanding of compensation and benefits principles, practices, regulations, and trends; able to apply that understand to develop creative solutions.
- Experience in, and strong understanding of, the investment management industry, and in salaried and variable compensation programs.
- Proven ability to design and administer market competitive variable compensation plans (both discretionary and sales plans).
- Ability to break down complex compensation concepts and educate stakeholders and employees of all levels, experiences, and prior compensation knowledge
- Experience administering pre-IPO equity programs.
- Possesses detail focus especially in their experience in preparing compensation committee board materials.
- Track record of managing multi-state Benefit and Leave of Absence programs
Core Competencies:
- Cross-functional collaboration and solution-oriented mindset
- Demonstrated ability to build strong relationships and influence stakeholders
- Proven leadership and team management skills
- Thrives in a fast-paced, dynamic environment; sees change as opportunity and able to quickly pivot when needed
- Pragmatic, action-oriented, with a strong service mindset
- Strong analytical, communication, presentation and interpersonal skills. Ability to influence and build relationships with stakeholders at all levels
About Edelman Financial Engines
Since 1986, Edelman Financial Engines has been committed to always acting in the best interests of our clients. We were founded on the belief that all investors – not just the wealthy – deserve access to personal, comprehensive financial planning and investment advice. Today, we are America’s top independent financial planning and investment advisory firm, recognized by Barron's 1 with 143 offices across the country and entrusted by 1.3 million clients to manage more than $300 billion in assets 2 Our unique approach to serving clients combines our advanced methodology and proprietary technology with the attention of a dedicated personal financial planner. Every client’s situation and goals are unique, and the powerful fusion of high-tech and high touch allows Edelman Financial Engines to deliver the personal plan and financial confidence that everyone deserves.
For more information, please visit EdelmanFinancialEngines.com.
© 2024 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Results are not guaranteed. See EdelmanFinancialEngines.com/patent-information for patent information. AM2789819
For California residents, please see the link for the Privacy Notice for Candidates. California law requires that we provide you this notice about the collection and use of your personal information. Please read it carefully.
Edelman Financial Engines encourages success based on our individual merits and abilities without regard to race, color, religion, creed, sex, gender identity or expression, sexual orientation, pregnancy; marital, domestic partner or civil union status; national origin, citizenship, ancestry, ethnic heritage, genetic information, age, legally recognized disability, military service or veteran status.
Accommodations are modifications or adjustments to the hiring process that would enable you to fully participate in that process. If you need assistance to accommodate a disability, you may request one at any time by either contacting your recruiter or HRQ@EdelmanFinancialEngines.com.
1 The Barron’s 2024 Top 100 RIA Firms list, a nine-year annual ranking of independent advisory firms, is based on qualitative and quantitative factors. Firms elect to participate but do not pay to be included in the ranking. The 2024 ranking refers to Edelman Financial Engines as the top mega RIA.
2 Edelman Financial Engines data, as of September 30, 2024.
