Director, Incentive Compensation

Edelman Financial Engines

Boston, MA

Medical , Dental , Retirement
Full-Time

Job Description

Director, Incentive Compensation (Hybrid: Boston, MA)

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.

Reporting to the Vice President, Compensation we are seeking a Director, Incentive Compensation to lead the design, implementation, and administration of our business incentive compensation plans. You will play a meaningful role in developing programs that motivate and reward employees for achieving individual and company goals, provide ongoing Compensation partnership for the corresponding client groups and support the firm’s equity program.

Responsibilities:

Lead the development and implementation of business incentive compensation programs ensuring alignment with business strategy and objectives.
Act as primary Compensation Partner for specific functional groups including Wealth Planning, Engagement Center and Employer Solutions by providing ongoing consultation, problem solving and guidance for all compensation related issues and projects including the annual performance and compensation process.
Partner with M&A team, Legal and Business stakeholders to help create business incentive compensation plans for ongoing M&A activities.
Lead the end-to-end business incentive plan process from efficacy review to design and execution.
Collaborate with functional team members across business areas (e.g., Wealth Planning, Engagement Center and Employer Solutions), Finance, Human Resources and Legal to ensure alignment of compensation strategies.
Support the firm’s equity administration program and process including ad-hoc analysis, contribute to projects related to equity and help prepare equity grant content for quarterly Compensation Committee meetings.
Conduct market research to benchmark compensation plans against industry competitors and emerging trends.
Participate in the design of incentive metrics that align with desired employee behaviors and business goals and help analyze the effectiveness of incentive programs and recommend improvements to optimize their impact on employee performance and company goals.
Develop clear and comprehensive communication strategies to educate employees on incentive plans and ensure understanding and motivation.
Stay up-to-date on industry best practices in incentive compensation design.

Requirements:

Bachelor's degree or equivalent in Human Resources, Business Administration, or a related field
Certified Compensation Professional designation preferred
Minimum 10-12 years of experience in designing, implementing, and leading incentive compensation programs preferably within Financial Services
Consistent track record of success in developing and implementing effective incentive programs that drive desired employee behaviors and business results
Strong analytical skills with experience in data analysis and compensation modeling
Possess a problem-solving approach and exceptional project management skills
Challenges the status quo and always looking for ways to improve process or design effectiveness
M&A experience
Experience with long term incentive in a private equity owned firm preferred or with similar vehicles (e.g., stock options)
Excellent communication, collaboration, and social skills
Ability to work independently and manage several priorities simultaneously.
Proficient in Microsoft Office Suite and compensation management software

Edelman Financial Engines takes a market-based approach to pay. The expected base salary range for this role is $141,000- $188,000 However, final base pay will be carefully determined based on several factors, including responsibilities, job-related skills, relevant experience, geographic location, and market conditions. Additionally, this role may be eligible for other forms of compensation and benefits, such as a discretionary bonus, health, dental and other wellness plans, and 401(k) contributions.

Your recruiter can share more about the specific benefits eligible for this role during the hiring process.

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's1 with 145+ offices2 across the country and entrusted by 1.3 million clients to manage more than $245 billion in assets.3

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.

© 2023 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 2023 Top 100 RIA Firms list, an eight-year annual ranking of independent advisory firms, is qualitative and quantitative, including assets managed by the firms, technology spending, staff diversity, succession planning and other metrics. Firms elect to participate but do not pay to be included in the ranking. Investor experience and returns are not considered.

2 Edelman Financial Engines data, as of Dec. 31, 2022.

3 Edelman Financial Engines data, as of Sep. 30, 2023.