Senior Associate, Compensation

Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

Ares is looking for an Associate Compensation Business Partner to join the Human Resources team. The Associate/Senior Associate Compensation Business Partner will be responsible for supporting the Co-Heads of the Compensation Business Advisory Group on full-cycle compensation activity primarily for all International locations. The individual in this role will regularly partner with the wider Compensation Team, HR Business Partners, Finance Business Partners, and Business Leaders to ensure a competitive compensation approach for the business, considering market intelligence, the Firm’s broader compensation strategy, and line of business performance/financial results. 

The Associate/Senior Associate Compensation Business Partner will be involved in helping to structure new employee offers, evaluate candidate buy-outs, assist with structuring compensation for employee transfers and exits and provide general advice and counsel on role pricing and compensation market trends. 

The Associate/Senior Associate Compensation Business Partner will help with communications, reporting, and analysis. The role will assist with the year-end compensation process for the firm, including the budget planning for future years, and will help in the review, development, and enhancement of compensation processes and procedures. 

The role will also assist with regulatory reporting requirements in jurisdictions where required and ensuring pay regulations are adhered to. The successful candidate will help support the Co-Heads of the Compensation Advisory Group with providing exceptional client service, promptly addressing all related queries and concerns, streamlining and improving our Compensation processes to ensure best practices in a fast-paced rapidly growing environment. While the role is global in nature, it is expected to have a focus on the firm’s non-U.S. locations.

Primary functions and essential responsibilities

Specific responsibilities include, but are not limited to:

• Assists Co-Heads in supporting client groups for business compensation needs, partnering with other experts within and outside of HR as needed to deliver exceptional customer service.
• Educate leaders, managers and employees on Ares’ Total Compensation approach and key processes/timelines related to compensation, working in partnership with the Compensation Administration, Talent Management teams, and other Compensation Business Partners
• Work with HR Business Partners, leaders and managers in supporting Co-Heads to deliver the annual compensation process.
• Leverage understanding of the assigned business groups and the associated talent pools to make informed recommendations on broader comp strategy/approach as well as individual compensation decisions.
• Monitor and review individual compensation decisions to ensure that the Firm is driving consistency in how we recognize performance, overall skill set and years of experience; highlight gaps and make recommendations to address any identified issues.
• In consultation with HRBP’s and Recruiters, create and maintain compensation grids and/or ranges (where applicable), modifying as needed based on market intelligence.
• Support pay equity audits and the annual compensation benchmarking process, working closely with the Compensation Administration team
• Gather market intel through peer connections, search firms and other relationships to provide enhanced insight where/when needed.
• Support the workforce planning and budgeting/forecasting process for assigned client groups.
• Regulatory Reporting such as Gender Pay Reporting in the UK as well as IFPR/AIFMD disclosure requirements.
• Complete other related duties as assigned.

Qualifications

• Bachelor’s degree, preferably in business, economics, finance or accounting or related field
• Certified Compensation Professional Certification preferred.
• 2 to 5 years of analytical or compensation experience, preferably within financial services industry; experience in asset management a plus
• Global Compensation experience preferred.
• Experience with Workday and/or Compensation platform(s) preferred.
• 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 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.
• A solutions-oriented, self-starter and ability to see the big picture.
• A 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.
• Dependable, great attitude, highly motivated and a team player.
• Ability to handle confidential information appropriately.

Reporting Relationships

Co-Head of Compensation Business Advisory

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.