Senior Compensation Manager

🔥 16 hours ago

🤠 Texas – Remote

🤠 Texas – Remote

💵 $131.6k - $249.8k / year

⏰ Full Time

🟠 Senior

👔 Manager

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Milliman

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1947

🤝 B2B

⚕️ Healthcare Insurance

💸 Finance

B2B • Healthcare Insurance • Finance

Milliman is an independent global actuarial and consulting firm founded in 1947 that provides expertise in insurance, healthcare, retirement and employee benefits, risk management, and related financial services. The firm combines actuarial rigor, data science, and technology to deliver consulting, modeling, software, and advisory solutions to public- and private-sector clients addressing challenges such as healthcare costs, market volatility, climate risk, and program design. Milliman operates worldwide with multidisciplinary teams including actuaries, data scientists, clinicians, and software engineers.

📋 Description

• Serve as the organization's lead compensation strategist and design, implement, and evolve U.S. compensation programs. • Lead the transformation of Milliman's compensation programs to a more consistent enterprise approach. • Partner closely with HR Business Partners, Finance, Payroll, HRIS, business leaders, and executive leadership. • Develop innovative compensation solutions that attract, retain, and reward top talent. • Manage a team of compensation professionals and develop talent, prioritize, and foster collaboration. • Establish governance processes and decision frameworks for compensation consistency. • Develop executive presentations, manager toolkits, and educational materials. • Lead design, implementation, and evolution of compensation philosophy, governance framework, and salary structures. • Lead compensation analysis including job evaluations, market pricing, and internal equity reviews. • Provide compensation consultation to HR Business Partners and business leaders. • Design, test, and optimize compensation processes and technology for annual compensation cycles. • Monitor trends, legislative developments, and recommend program enhancements. • Lead external benchmarking, compensation surveys, and financial modeling. • Coach and develop a high-performing team of compensation professionals.

🎯 Requirements

• Bachelor’s degree in Business, Finance, Human Resources or related field preferred • 10+ years of Compensation experience, professional services industry preferred • Previous experience leading enterprise compensation projects from strategy through implementation • Subject matter expertise in compensation strategy, market pricing, benchmarking, job architecture, salary administration, variable pay programs, pay equity, cost modeling, and compensation analytics. • Demonstrated business acumen with the ability to understand business strategy and translate organizational objectives into effective compensation solutions. • Demonstrated success leading, coaching, and developing high-performing compensation teams. • Advanced proficiency in Microsoft Excel; experience with HRIS compensation modules and data visualization tools (e.g., Power BI) preferred. • Ability to balance strategic leadership with hands-on execution. • Ability to influence stakeholders and drive decisions without direct authority. • Knowledge of emerging compensation trends, regulatory requirements, and market practices. • Ability to lead through ambiguity and adapt to changing business priorities. • Ability to assess business processes and implement scalable, continuous improvement solutions. • Ability to lead cross-functional initiatives and build strong partnerships with business leaders and key stakeholders. • Strong executive presence with the ability to analyze complex data and effectively communicate recommendations to senior leadership. • Exceptional project management skills with the ability to lead multiple enterprise initiatives simultaneously.

🏖️ Benefits

• Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners. • Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges. • 401(k) Plan – Includes a company matching program and profit-sharing contributions. • Discretionary Bonus Program – Recognizing employee contributions. • Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses. • Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis. • Holidays – A minimum of 10 paid holidays per year. • Family Building Benefits – Includes adoption and fertility assistance. • Paid Parental Leave – 11 weeks of paid leave for employees who meet eligibility criteria. • Life Insurance & AD&D – 100% of premiums covered by Milliman. • Short-Term and Long-Term Disability – Fully paid by Milliman.