AVP, Compensation
About the role
The AVP, Compensation is a key member of the Total Rewards team at Fortitude Reinsurance Company Ltd. (Fortitude Re), responsible for leading the design, governance, and delivery of Fortitude’s compensation programs. This role plays a pivotal role in executing the company's compensation strategy as part of the broader Total Rewards strategy.
Responsibilities
Partner with the SVP, Total Rewards to operationalize and evolve the company’s compensation philosophy and strategy.
Play a leading role in the governance and continuous improvement of compensation programs, including base salary structures, incentive plans, and equity programs.
Establish and maintain frameworks, guidelines, and controls to support consistent and effective pay decisions.
Ensure integration with benefits, well-being, and overall employee value proposition.
Act as a consultant to People Partners, Talent Acquisition, and management on compensation matters, including the total rewards strategy, compensation philosophy, market benchmarking, internal equity, policies, procedures.
Influence decision-making through data-driven insights and a strong understanding of business priorities.
Manage the annual compensation cycle, including salary increases, bonuses, and equity planning.
Oversee tools, modeling, and processes to enable efficient and effective decision-making.
Establish and lead compensation communication and education strategies that embed understanding of the company’s compensation philosophy and enable consistent application of compensation practices across the organization.
Oversee the administration and governance of equity programs, ensuring effective execution and alignment with total rewards strategy.
Partner with Accounting to support equity related reporting, expense management, and compliance requirements.
Contribute to the evolution of equity programs and practices in line with business needs.
Develop and deliver training and educational materials to enhance participant understanding of equity program and support informed decision-making.
Lead the organization’s approach to market benchmarking and compensation analytics.
Translate external market data and internal insights into actionable recommendations.
Develop scalable reporting and tools to support ongoing decision-making.
Lead pay review analyses and partner with the SVP, Total Rewards on remediation strategies.
Ensure compliance with compensation-related regulations, including pay transparency requirements.
Partner with People & Culture Partners and Legal to proactively manage risk and uphold equitable pay practices.
Requirements
7–10+ years of progressive experience in compensation, including program design and governance.
Strong expertise in broad-based compensation, including base, incentive, and equity programs.
Familiarity with emerging technologies, including AI-driven tools and analytics, and the ability to leverage them to enhance compensation insights, decision-making, and process efficiency.
Demonstrated ability to lead enterprise compensation cycles and influence stakeholders.
Strong analytical capability with the ability to translate data into business insights and recommendations.
Working knowledge of compensation regulations, including pay equity and pay transparency.
Experience with HRIS and compensation tools (e.g., Workday).
Proven ability to lead cross-functional initiatives and manage competing priorities in a fast-paced environment.
Excellent communication, organizational, and project management skills with the ability to translate complex technical information for general audiences.
Demonstrated ability to collaborate with cross-functional teams.
Qualifications
Bachelor’s degree or equivalent professional experience preferred; advanced degree or relevant certifications (such as CCP) a plus.
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location.
In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.