Compensation & Total Rewards Lead
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Compensation & Total Rewards Lead
Duration Through the EOY! Recruiter Notes: (Please refer to the Job Insight\'s section to view the job locations) Role Overview Oliver Wyman is seeking an experienced Compensation & Total Rewards Lead on a contract basis to lead a comprehensive market benchmarking and internal compensation review, focused primarily on the US and Canada. This role will play a critical part in ensuring our salary structures and total rewards offerings are competitive, equitable, and aligned with our business strategy. This role will conduct external benchmarking, evaluate internal compensation data, and develop structured salary guidelines across practices, levels, and actuarial credential progression. This role requires strong attention to detail, excellent analytical and interpersonal capabilities, and experience translating data into actionable compensation recommendations. Key Responsibilities Market Benchmarking & Research Conduct a comprehensive benchmarking analysis of salary, bonus, and total rewards across relevant markets (Life, P&C, and Health actuarial consulting) Identify appropriate peer groups and data sources, including both internal data and industry benchmarks/surveys Analyze trends in compensation tied to actuarial credentials, exams, years of experience, and specialization areas Salary Framework Development Develop structured salary ranges/guidelines by: Practice area Role / job family Level of experience Actuarial exam progression / credential (e.g., ASA, FSA) Propose frameworks for base salary and total compensation positioning Internal Compensation Analysis Review current employee compensation data across practices, roles, and geographies Assess alignment with market benchmarks, internal equity, and pay progression expectations Identify outliers, compression issues, and inconsistencies Partner with HR leadership to prioritize potential adjustments based on impact, risk, and budget considerations Total Rewards Review Evaluate broader rewards package (benefits, incentives, exam support, etc.) Recommend enhancements to improve competitiveness and retention Stakeholder Engagement & Deliverables Present findings and recommendations to HR leadership and senior business stakeholders Develop clear, actionable reports and tools (e.g., compensation bands, guidelines, dashboards) Provide documentation to support ongoing compensation management
Must-Have\'s:
5+ years of experience working in compensation, human resources, finance, or HR analytics role Ideal candidate would have experience working with compensation survey data, in actuarial environments Familiarity with actuarial career paths and credential structures (ASA, FSA, exams) Strong experience in Total Rewards, Compensation, HR Finance, and HR Analytics. Hands-on experience with compensation benchmarking
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