Senior Consultant, Compensation
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Job Description
Senior Compensation Consultant advising Onity, a mortgage servicing and lending company, on pay decisions, incentive plans, governance, and compliance. Developing compensation analytics, communications, and programs.
Responsibilities:
- Independently evaluate and develop pay recommendations for merit increases, market adjustments, new hires, transfers, promotions, retention actions, and other compensation events
- Apply compensation philosophy, salary structures, market data, internal equity, performance, experience, geographic considerations, and business context to determine recommendations and alternatives
- Identify and address inequity, compression, compliance, employee-relations, and retention risks
- Advise Human Resources partners and business leaders on complex or sensitive pay decisions
- Participate in salary surveys and evaluate survey methodology, job matches, peer groups, and data quality
- Design, evaluate, and support governance of incentive compensation plans
- Assess incentive plan efficacy and prepare plan design alternatives, modeling, terms, eligibility provisions, performance measures, and payout mechanics
- Develop and administer retention and severance programs
- Monitor plan and program operations and recommend corrective or prospective changes
- Develop compensation communications, training, tools, and guidance
- Support pay transparency initiatives and related disclosures and practices
- Interpret and apply compensation-related laws, regulations, and company policies
- Monitor legislative, regulatory, litigation, and market developments and recommend changes
- Maintain decision documentation, program records, approval evidence, and audit-readiness controls
- Improve compensation processes, analytics, governance, and stakeholder experience
- Develop and maintain analytical tools, models, controls, and documentation
- Partner with Human Resources, Finance, Legal, Payroll, Talent Acquisition, HR technology teams, and business leaders to resolve complex matters and implement solutions
Requirements:
- Bachelor’s degree in Human Resources, Finance, Business Administration, Economics, Analytics, or a related field, or equivalent relevant experience
- 5-7 or more years of progressively responsible compensation experience, including complex analysis, program design, and consultation with senior stakeholders
- Expertise in broad-based compensation, market pricing, pay equity and compression analysis, salary structures, incentive compensation, and compensation governance
- Advanced analytical and problem-solving skills
- Ability to evaluate incomplete or competing information, develop alternatives, and make well-supported recommendations
- Ability to exercise discretion and independent judgment within company philosophy, policies, governance, and approval requirements
- Strong written and verbal communication skills
- Proficiency with spreadsheet modeling, compensation survey and market-pricing platforms, and human resources information systems
- Experience with data visualization or analytical tools is preferred
- Certified Compensation Professional (CCP) designation or comparable expertise is preferred
Benefits:
- Medical, dental and vision coverage
- Up to 3% match on 401(k) contributions
- Generous paid time off
- Company-paid life, accident and disability coverage
- Mental, physical and financial wellness programs
- Equal employment opportunity and accommodation support
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