Compensation Specialist

4 weeks ago

Mumbai, Maharashtra, India Ares Management Corporation Full time
Job Overview

Ares Management Corporation seeks a highly skilled Compensation Specialist to join its Human Resources team. In this role, you will play a critical part in facilitating day-to-day transactions across the carried interest and equity platforms.

About the Role

This is an exciting opportunity for a talented individual to partner closely with colleagues within HR as well as with members of the Finance, Investment Operations, and Tax teams. As a Compensation Specialist, you will be responsible for providing exceptional client service, promptly addressing all related queries and concerns while streamlining and improving our Carried Interest and Equity processes.

Key Responsibilities
  • Develop a comprehensive understanding of the broader business and critical components of success to help create strategic enhancements alongside the HR and financial planning teams.
  • Work collaboratively with other HR professionals and the broader finance team to review analytical findings and develop thoughtful, dynamic strategies and solutions.
  • Carried Interest Administration: Process, track, and report on carried interest allocations, vesting schedules, distributions, and future valuations/forecast. Maintain allocations including forfeitures and reallocations. Coordinate and complete routine audits with Corporate Accounting. Participate in new system implementation.
  • Equity Administration: Assist with award activity across three separate plans including new awards, vesting events, forfeitures, and accelerations. Process quarterly dividend equivalent calculations and payments. Generate communications related to new grants, vesting events, quarterly dividends, and retirement eligibility. Complete routine audits with Payroll. Reconcile and perform audits related to equity transactions to ensure accuracy, timeliness, and quality control of data in the equity system.
  • Develop reports on current practices and identify any potential exposure to the firm.
  • Complete other related duties as assigned.
Requirements
  • Bachelor's degree, preferably in business, economics, finance, or accounting, or related field.
  • Certified Compensation Professional Certification preferred.
  • Minimum of 4 years of analytical or compensation experience, preferably within financial services industry; experience in asset management a plus.
  • Experience with Workday and/or Compensation platform(s) preferred.
  • General Requirements:
    • Experience with equity administration and/or carried interest.
    • Experience with system administration.
    • Strong technical skills with high proficiency in Excel and PowerPoint; experience with Access or other databases a plus.
    • An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes.
    • Ability to manage the tactical aspects of the Compensation role while being mindful of the strategic direction of the firm.
    • Ability to successfully manage multiple priorities and competing demands.
    • Ability to multi-task and prioritize deadlines; result-oriented.
    • Strong communication skills and team orientation; capability of interacting with key stakeholders to direct prioritization of Compensation-related activities.
    • High accuracy and detail orientation.
    • Good judgment in terms of escalating issues vs. solving problems independently.
    • Demonstrated ability to research and leverage available resources to accomplish the task at hand.
    • Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment.
    • Ability to be flexible in terms of hours in order to coordinate with team members across various time zones.
    • Dependable, great attitude, highly motivated, and a team player.
    • Ability to handle confidential information appropriately.
Estimated Salary Range: $95,000 - $125,000 per yearContact Information

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