Manager of Compensation

Job Description

Job Description

We are looking for a Manager of Compensation to lead compensation strategy and execution for a health insurance organization in Minnetonka, Minnesota. This Long-term Contract position is ideal for a hands-on leader who can guide a small team while managing broad-based compensation programs, with particular strength in sales compensation and a solid understanding of market competitiveness, internal equity, and regulatory compliance. In this role, you will partner with HR and business leadership to shape pay programs that support talent goals and organizational priorities.

Responsibilities:
• Lead and develop a team of three senior compensation professionals by setting priorities, offering coaching, and promoting strong performance and accountability.
• Direct the creation, administration, and refinement of compensation programs, including base pay frameworks, incentive plans, and sales compensation models.
• Provide expert guidance on compensation matters such as job evaluation, market pricing, benchmarking, and pay recommendations for business leaders and HR partners.
• Maintain and enhance compensation structures, job architecture, and governance practices to support consistency, scalability, and fairness across the organization.
• Collaborate with payroll, HR, and other internal partners to improve compensation processes, reporting, and system accuracy.
• Advise stakeholders on compensation policies, regulatory considerations, and best practices to ensure compliant and competitive programs.
• Support communication of compensation philosophy, program updates, and pay-related decisions to leaders and key stakeholders, including senior executives.
• Lead or contribute to cross-functional initiatives focused on total rewards, process improvement, and organizational effectiveness.
• Track market trends and emerging practices in broad-based, sales, and executive compensation to recommend program enhancements.• Bachelor’s degree required; advanced degree preferred.
• At least 7 years of progressive compensation experience, including strong exposure to sales compensation.
• Demonstrated success as a working manager with responsibility for both team leadership and hands-on compensation work.
• Knowledge of compensation design, salary structures, incentive programs, and compensation administration practices.
• Experience partnering with HR, payroll, and business leaders to deliver data-driven compensation guidance.
• Understanding of applicable compensation regulations, compliance standards, and policy development.
• Strong communication, reporting, project management, and stakeholder management skills.
• Experience with HRIS tools and compensation-related systems preferred.