Director of Compensation

Summary

The Director of Compensation (HR Senior Partner – Rewards & Compensation) influences how pay drives performance, talent, and business outcomes. FM is seeking a hands-on compensation leader to join our team as Director of Compensation. This role combines individual contribution and team leadership. You will partner directly with business leaders to guide compensation decisions while leading a small team responsible for compensation analysis and administration.

About the Role

This position offers meaningful influence on pay decisions, program design, and employee experience while remaining closely connected to execution. Reporting to the VP, Compensation, this individual operates with a high degree of independence and collaborates closely across Total Rewards and HR leadership.

Responsibilities

• Lead the design and evolution of broad-based compensation programs, including salary structures, job architecture, and incentive plans, along with associated communication and change management
• Provide subject matter expertise on market competitiveness, pay equity, and compensation practices
• Align compensation frameworks to business strategy and workforce needs
• Contribute to incentive and sales compensation design, as applicable
• Evaluate market trends and provide practical, forward-looking recommendations
• Serve as a recognized trusted advisor to business leaders, translating compensation concepts into clear, actionable guidance and representing Total Rewards for assigned areas
• Consult on complex compensation decisions, including senior level offers and organizational changes
• Partner with HR, Finance, and leadership to balance talent needs, cost, and market competitiveness
• Leverage expertise across Total Rewards (e.g., Executive Compensation, Global Mobility, Benefits) to deliver integrated solutions
• Lead and develop a small compensation team responsible for analysis and administration
• Ensure effective execution of core compensation processes, including annual planning, job evaluation, and pay changes
• Build team capability in analysis, stakeholder management, and business partnership
• Drive consistency, quality, and continuous improvement
• Use data to inform decisions, including market benchmarking, pay equity, and cost analysis
• Monitor program effectiveness and recommend enhancements
• Lead and support Total Rewards initiatives and cross-functional projects
• Prepare materials and insights for senior leadership and governance forums

Requirements

• Required Education: Bachelor’s degree in Human Resources, Business, Finance, or related field
• Required Work Experience: 8+ years of progressive compensation experience in a large or complex organization

Qualifications

• Highly Preferred Work Experience: Background in financial services or insurance, experience designing sales compensation plans or incentive programs, experience working in a global organization or supporting global compensation programs
• Required Skills: Strong foundation in compensation principles, market pricing, and job evaluation, experience advising business leaders and influencing decisions, strong analytical skills with the ability to translate data into clear recommendations, demonstrated ability to lead and develop others, experience with HR systems and compensation tools (e.g., Workday, benchmarking, job evaluation, pay equity platforms)
• Highly Preferred Skills: General knowledge of benefits, global mobility, and executive compensation

Benefits

The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.