Manager, Compensation

TITLE: Compensation ManagerDEPARTMENT: Human ResourcesLOCATION: Boston, MABAIN CAPITAL OVERVIEWWith approximately $205 billion of assets under management, Bain Capital is one of the world’s leading private investment firms. We create lasting impact for our investors, teams, businesses, and the communities in which we live. Over four decades we have strategically grown our platform to focus on Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. Today, our team includes 1,880+ employees in 24 offices on four continents. We partner differently to help people and companies embrace possibility and realize potential. Founded as a private partnership in 1984, we have fostered a culture of innovation, entrepreneurialism, and agility, empowering our people to define and own their career trajectories. Today, our partnership approach enables us to pursue strategic growth, build enduring relationships with a robust external network, and collaborate across our integrated platform to connect the deep and diverse expertise that unlocks breakthrough insights.Our people are the heart of our advantage. Colleagues at all levels have a seat at the table as they tackle business challenges with a principal investor mindset. By asking incisive questions, respectfully challenging one another, and remaining intellectually agile, we work together to achieve exceptional outcomes. For more information visit: Bain CapitalKEY RESPONSIBILITIESWe are looking for an experienced, detail-oriented professional to join the Bain Capital compensation team. This role will support our global non-investment teams which are comprised of approximately 1,000 employees in functional areas including but not limited to finance, information technology, human resources, investor relations, ESG, legal, facilities, communications, administration, and operations.In this role, you will be assisting with compensation design, modeling and analysis, financial planning, competitive benchmarking, compensation planning/forecasting, and the management of the year-end and mid-year compensation salary and bonus cycles. This individual will collaborate with senior leadership including various business unit leaders, HRBPs and members of our Finance organization.Day-to-day responsibilities include:Participate in the development and execution of Bain Capital’s compensation strategy for our non-investment population, in alignment with the firm’s business goals and to ensure competitive and fair compensation practices.Build and maintain competitive compensation structures and guide a consistent approach to pay decisions for all levels. Assist with developing related compensation program communications, reaching both leader and employee audiences.Collaborate with business leaders and HRBP’s to provide leadership and guidance on annual compensation reviews, bonus planning, and carried interest grants as well as to develop competitive offers including base salary and incentive compensation.Contribute to ongoing efforts enable greater utilization of technology and improve process efficiency in the delivery of compensation programs.Assist in all financial analysis and reporting related to compensation on the P&L, including annual budgets, quarterly forecasts, long-term planning and liaising with the FP&A team as required.Participate in team activities liaising with our Coinvest and GP teams on matters related to employee coinvest and carried interest awards.Exercise critical thinking and excellent technical & business writing skills to synthesize the results of complex analysis into salient points important to senior leadership. Make data-driven recommendations. Prepare analyses for executive meetings; attend and present when required.Recommend appropriate solutions to specific compensation-related issues as needed to support the business.Support administration of two annual compensation cycles (mid-year and year-end)Respond to compensation data inquiries from managers and employees throughout the organization.Manage and provide mentorship to junior compensation professionals to further growth of the team.GENERAL QUALIFICATIONSStrong interpersonal skills, with the ability synthesize and communicate complex information at all levels of the organization.A contributor who can manage and be agile in a dynamic, fast-paced, hands-on culture with strong expectations on deliverables. Highly analytical experience coupled with ability to execute and communicate.Possess an excellent attention to detail, is highly organized, and committed to quality.Ability to develop and adapt compensation strategies that deliver on the unique needs of the business.Strong analytic skills with the ability to gather key insights from quantitative and qualitative data to drive compensation decisionsCollaborative mindset with proven, strong communication, presentation and influencing skills – proficient on developing PowerPoint slides that “tell a story”Demonstrated ability to manipulate, manage and formulate data in Excel utilizing advanced functionality.Ability to prioritize workload and manage multiple projects at once, meet deadlines, and handle confidential information with discretion.DESIRED BACKGROUND / EDUCATIONBachelor’s degree required8+years of progressive experience in an analytics-driven environment, that has provided a foundation in compensation strategy as well as solid understanding of financial reportingFinancial services industry is preferredExperience with incentive plan design, equity programs, and prior experience with carried interest programs preferredSolid understanding of financial concepts is strongly desired, MBA and/or CFA a plusPrior experience with Workday, Power BI, and HR technology solutions a plusCompensation:Expected Annual Base Salary: $ 130k - $155k Actual base salary will be determined by a wide range of factors including but not limited to role, function, level, experience, qualifications and geographic location. In addition to a competitive base salary, this position may be eligible for a discretionary annual bonus based upon factors such as individual impact, team and firm performance. Bain Capital offers a competitive benefits package designed to support employees’ health, financial security, family needs, and overall well-being.Bain Capital is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.SummaryLocation: BostonType: Full time