What are the responsibilities and job description for the Senior Compensation Specialist position at Liberty Mutual Insurance?
Description
Candidates who live within 50 miles of Boston, MA; Portsmouth, NH; Seattle, WA; Indianapolis, IN; Columbus, OH; or Plano, TX will follow a hybrid schedule, coming into the office two days per week. Otherwise, this role is remote.
The Compensation Design team is looking for a Senior Compensation Specialist to support the development, implementation and administration of Liberty Mutual’s compensation programs.
This role is responsible for effectively managing compensation programs and practices in alignment with the overall goals of the organization. As an individual contributor, you will partner with the Director of Compensation Design and the Compensation Design and Advising Teams to manage the design and implementation, communication, and change management of global compensation programs. Your role will involve the management and design of the annual merit program, promotions process, and advancement of compensation programs in support of our 3-5 year roadmap while delivering exceptional customer service and fostering collaboration with internal and external stakeholders.
Responsibilities
Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices
Candidates who live within 50 miles of Boston, MA; Portsmouth, NH; Seattle, WA; Indianapolis, IN; Columbus, OH; or Plano, TX will follow a hybrid schedule, coming into the office two days per week. Otherwise, this role is remote.
The Compensation Design team is looking for a Senior Compensation Specialist to support the development, implementation and administration of Liberty Mutual’s compensation programs.
This role is responsible for effectively managing compensation programs and practices in alignment with the overall goals of the organization. As an individual contributor, you will partner with the Director of Compensation Design and the Compensation Design and Advising Teams to manage the design and implementation, communication, and change management of global compensation programs. Your role will involve the management and design of the annual merit program, promotions process, and advancement of compensation programs in support of our 3-5 year roadmap while delivering exceptional customer service and fostering collaboration with internal and external stakeholders.
Responsibilities
- Leads the administration of annual compensation planning, including merit design, budget planning and modeling. Participates in market surveys and partners closely with Finance to build a holistic budget recommendation to ensure market competitiveness. Oversees the global merit budget process and provides guidance, as needed, to international compensation partners. Ensures smooth merit execution.
- In alignment with our internal job architecture, redesigns the promotion process construct with a global, enterprise lens. Establishes the go-forward promotion design based on market practice and guiding principles developed in partnership with the Finance and Performance teams. Leads the design and standardization of the promotion process across the enterprise by embedding promotion cycles within the performance cycle. Continually reviews, refines, and evolves the design of the promotion process throughout the performance year to ensure alignment with our compensation philosophy and strategy.
- Advances the 3–5-year compensation roadmap by leading program re-design changes in support of our long-term vision. Program areas include simplifying global merit methodology, identifying opportunities to optimize technology to support program delivery, and researching new pay practices in line with market practice.
- Independently conducts complex analyses and modeling. Uses data to support the design, development, and evolution of compensation programs to better align with current industry trends and competitive landscape.
- Serves as project manager, team member or advisor on moderate-sized compensation projects by gathering, organizing, and analyzing data as well as presenting findings and recommendations.
- Proactively identifies opportunities to redefine and streamline processes. Partners with key stakeholders to develop and implement changes and recommend best practices.
- Bachelor`s degree (preferably in Human Resources or Business Administration) or equivalent experience required, in addition to 5-7 years of relevant and progressively more responsible experience in compensation or other quantitative business fields.
- Strong analytical, decision making, and problem-solving skills; demonstrated ability to learn complex concepts quickly and apply business and financial acumen.
- Excellent interpersonal, written, and verbal communication skills with ability to articulate complex concepts; strong presentation and project management skills.
- Demonstrates strong business, analytical, and financial acumen, with ability to learn complex concepts quickly.
- Proven ability to work in a fast-paced, time-sensitive environment; strong attention to detail, deadline driven, and effective at managing multiple priorities and competing viewpoints.
- Solid PC skills, including proficient use of Microsoft PowerPoint and Excel.
- Compensation design expertise: hands-on experience designing and implementing compensation programs (merit, promotions, pay structures, global pay practices) and applying job architecture and market benchmarking to program decisions.
- Excel modeling: ability to build and maintain financial and compensation models (scenario analysis, budgeting, pivot tables, advanced formulas, etc.) to support budget recommendations and program design.
- Critical thinking & structured problem solving: demonstrated comfort with using data to diagnose root causes, evaluate trade-offs, synthesize insights, and recommend clear, actionable solutions for program design and execution.
- Familiarity with compensation tools and data sources (e.g., market surveys, industry benchmarks, Compensation platforms such as MarketPay); ability to translate those inputs into program recommendations and partner with Technology to design and test changes.
Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices
- California
- Los Angeles Incorporated
- Los Angeles Unincorporated
- Philadelphia
- San Francisco
Salary : $83,000 - $157,000