Director of Compensation

Job Description:

Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.

Summary

The Director of Compensation (HR Senior Partner – Rewards & Compensation) influences how pay drives performance, talent, and business outcomes. FM is seeking a hands-on compensation leader to join our team as Director of Compensation.

This role combines individual contribution and team leadership. You will partner directly with business leaders to guide compensation decisions while leading a small team responsible for compensation analysis and administration. The position offers meaningful influence on pay decisions, program design, and employee experience while remaining closely connected to execution.

Reporting to the VP, Compensation, this individual operates with a high degree of independence and collaborates closely across Total Rewards and HR leadership.

Schedule & Location

This is a full-time office-based position. Eligible locations for this position are Johnston, RI (preferred) or Boston, MA. This position allows for two remote working days each week, on Wednesdays and Fridays, subject to business needs.

Relocation Support

Domestic relocation support may be considered based on company criteria and leadership approval.

Compensation Strategy & Program Design

• Lead the design and evolution of broad-based compensation programs, including salary structures, job architecture, and incentive plans, along with associated communication and change management

• Provide subject matter expertise on market competitiveness, pay equity, and compensation practices

• Align compensation frameworks to business strategy and workforce needs

• Contribute to incentive and sales compensation design, as applicable

• Evaluate market trends and provide practical, forward-looking recommendations

Business Partnership & Advisory

• Serve as a recognized trusted advisor to business leaders, translating compensation concepts into clear, actionable guidance and representing Total Rewards for assigned areas

• Consult on complex compensation decisions, including senior level offers and organizational changes

• Partner with HR, Finance, and leadership to balance talent needs, cost, and market competitiveness

• Leverage expertise across Total Rewards (e.g., Executive Compensation, Global Mobility, Benefits) to deliver integrated solutions

Compensation Delivery & Team Leadership

• Lead and develop a small compensation team responsible for analysis and administration

• Ensure effective execution of core compensation processes, including annual planning, job evaluation, and pay changes

• Build team capability in analysis, stakeholder management, and business partnership

• Drive consistency, quality, and continuous improvement

Analytics, Governance & Projects

• Use data to inform decisions, including market benchmarking, pay equity, and cost analysis

• Monitor program effectiveness and recommend enhancements

• Stay current on legislative and regulatory developments

• Lead and support Total Rewards initiatives and cross-functional projects

• Prepare materials and insights for senior leadership and governance forums

Required Education

• Bachelor’s degree in Human Resources, Business, Finance, or related field

Required Work Experience

• 8+ years of progressive compensation experience in a large or complex organization

Highly Preferred Work Experience

• Background in financial services or insurance

• Experience designing sales compensation plans or incentive programs

• Experience working in a global organization or supporting global compensation programs

Required Skills

• Strong foundation in compensation principles, market pricing, and job evaluation

• Experience advising business leaders and influencing decisions

• Ability to balance strategic thinking with hands-on execution

• Strong analytical skills with the ability to translate data into clear recommendations

• Demonstrated ability to lead and develop others

• Experience with HR systems and compensation tools (e.g., Workday, benchmarking, job evaluation, pay equity platforms)

Highly Preferred Skills

• General knowledge of benefits, global mobility, and executive compensation

The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.

FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.