What are the responsibilities and job description for the Sr. Manager, Compensation position at Funko?
Funko Overview
Welcome to the Funko-verse, a world built on pure imagination, a land governed by the philosophy that stories matter, a universe comprised of characters from countless fandoms, a galaxy of once upon a times and happily ever afters.
But what does Funko do?
Funko is a purveyor of pop culture and licensed-focused collectibles company. Funko currently holds thousands of lenses and the rights to create tens of thousands of characters – one of the largest portfolios in the pop culture and collectibles industry. Funko’s Pop! Vinyl is the number one stylized vinyl collectible on the market, selling millions of figures to fans around the world.
As Funko’s Sr. Manager, Compensation, you will oversee the administration, execution, analysis, and evaluation of our compensation programs. You will serve as the Funko Subject Matter Expert, specializing in compensation and equity programs. You will be the primary resource to drive projects related to the analysis and development of compensation programs that attract and retain top talent.
What You’ll Do:
- Lead the compensation program inclusive of base salary, bonus programs (including sales commission), executive compensation, long- and short-term incentive plans and equity awards.
- Create new program incentives to attract and retain talent.
- Perform a deep analysis on the effectiveness and competitiveness of existing compensation programs and model the potential impact of alternatives.
- Identify areas of opportunity within current programs and plans. Develops, evaluates, improves, and communicates methods and techniques for compensating employees.
- Collaborate with HR Leadership to define job families to support talent mapping initiatives.
- Provide information for Board and Executive level compensation presentations.
- Document compensation practices, policies, and system procedures focusing on best practices.
- Ensure salaries and benefits comply with the current legislation and pay equity.
- Engage in pay equity analysis to ensure equal pay practices.
- Ensure compliance with applicable government regulations, ensuring timeliness and accuracy for all required reporting, filing and notifications. Make recommendations regarding compensation program and benefit plan development.
- Partners with Senior Leadership and HR Team to facilitate annual review and merit increase process.
- Partner with HR team members to define, develop, and implement information systems upgrades and/or new systems.
- Oversees the administration of the annual Compensation Review Cycle
- Oversees job evaluations to ensure they are consistent with the competitive market and are internally equitable
- Manage compensation relationships.
What You’ll Bring
- Bachelor’s Degree in Human Resources, Business, or related field, and at least 6 years of experience and/or training are required; or equivalent combination of education and experience.
- Must have strong experience coordinating the administration, execution and analysis of a broad range of compensation programs. Pride in program ownership.
- Demonstrated knowledge of compensation practices including but not limited to: Profit sharing, incentive pay, sales commission, signing bonuses, relocation assistance, Cost of living adjustments, long term incentive plans, Employee Purchase Stock Programs
- Experience utilizing HRIS systems, Ultipro experience is preferred.
- Expert Excel skills: model building, use of advanced formulas and arrays, pivot tables, data manipulation, VBA
- Hands-on experience with data visualization tools - Tableau preferred.
- PowerPoint / Google Slides: develop presentations with a summary of analytics/findings.
- Strong results orientation and attention to detail.
- Excellent verbal and written communication skills.
- Demonstrated time management skills with the ability to prioritize and manage multiple projects and changing priorities.
Salary Information
The base salary range for this position in the selected city is $131k-$160k annually. Compensation may vary outside of this range depending on a number of factors, including a candidate’s qualifications, skills, competencies and experience, and location. Base pay is one part of the Total Package that is provided to compensate and recognize employees for their work, and this role may be eligible for additional discretionary bonuses/incentives, and restricted stock units.
Work Environment
The noise level in the work environment is usually moderate. While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is frequently required to reach with hands and arms. The employee is occasionally required to stand and walk. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
Salary : $131,000 - $160,000
