Director, Compensation and Benefits

Position

The Director of Compensation & Benefits leads the team responsible for Payroll, Benefits, Compensation, HRIS, People Planning & HR budgeting and controlling. This person ensures that all compensation and benefits programs are competitive, sustainable, scalable & have an impact on the long & short-term performance of the Company. This person is also responsible for establishing & effectively communicating HR policy & procedures.

Job responsibilities

• Manage and develop C&B Team including Senior Manager, Compensation & Benefits, Payroll Manager, Compensation & Benefits Specialist and VIE
• Design compensation & benefit plans that align with the company’s business objectives and talent strategy, while ensuring the achievement of consistent and market-driven levels of compensation.
• Monitor and analyze the effectiveness of the compensation and benefit programs, processes and practices, and recommend revisions to ensure equitable and competitive programs.
• Oversee the analysis of jobs, salaries, variable pay and other rewards in order to evaluate internal equity, external competitiveness, and legal compliance of the pay practices
• Design job classification and grading structure for all jobs
• Lead Internal Compensation Review in partnership with VP Human Resources Americas
• Responsible for annual salary increase/merit program, annual and quarterly bonus (where applicable) calculations and promotion packages.
• Collaborate with commercial teams to design, manage and model incentive programs (management, sales, and production) that link pay to performance.
• Partner with Finance on reviewing budgets versus actuals on a monthly basis
• Lead ongoing benefits strategy assessment, development and implementation
• Collaborate with LVMH Shared Service Payroll team to ensure accurate bi-weekly payroll in the United States and Canada. Collaborate with Latam HR Director and LATAM Payroll to ensure accurate monthly and bi-monthly payroll.
• Oversee commission calculations for the United States, Canada, Brazil, Mexico and Saint Barths.
• Provide thought leadership on current and emerging total compensation trends and issues and react to new local and federal legislation
• Provide guidance on compensation benchmark using data from Mercer
• Provide adhoc C&B reports as requested by Business Partners, Central Team in Rome or LVMH
• Oversee the completion of monthly, bi-annual, annual reporting for LVMH and internal departments
• Identify and implement opportunities to simplify and standardize programs and processes
• Benchmark and develop other local or mandatory and discretionary programs
• Provide guidance and direction in developing retention plans for key talent
• Manage compensation plans to meet regulatory compliance and governance/audit requirements, consulting with legal resources and staying abreast of developing legislation and its potential impact
• Partner in the design of effective compensation-related communications to managers and employees within the Total Rewards framework
• Monitor and analyze HR budget variances, providing detailed bridge analyses and collaborating with Finance team for forecasting.
• Manage HR costs budgets and strategic plans in partnership with Finance Team, Global C&B Partners and Senior Leaders
• Track headcount and FTE to ensure alignment with organizational budgets.
• Maintain and optimize HRIS data across multiple platforms, leveraging systems to generate insightful HR reports.
• Oversee HR Data Analytics, Reporting, and Data Integrity

Profile

• Bachelor degree in HR, Finance, or related field required; advanced degree preferred. Masters a plus
• 10-15 years compensation or finance experience; A minimum of 2 years in a management role.
• Italian, Spanish, or Portuguese a plus
• Experience in a global company highly desirable
• Ability to serve as strategic business partner and advisor to senior executive leaders, business leaders and other key stakeholders.
• Comfortable partnering with senior management, outside ERISA counsel, vendors, auditors and consultants
• Complete understanding and technical expertise of broad based compensation programs and Benefit Plans
• Previous compensation and/or benefit vendor management preferred
• Strong quantitative, analytical and problem solving skills, attention to detail, and project management
• Proven experience managing a team, providing direction, coaching opportunities, career development, and annual appraisals.
• Leads with enthusiasm and positive demeanor to inspire and motivate direct reports, colleagues, department and senior management.
• Ability to influence, deliver results and collaborate across functions and teams.
• Strong communication, negotiation and listening skills to best ascertain needs and partner to build solutions to address them, while adhering to enterprise strategy and compliance requirements.
• Willingness to be both strategic and tactical. Highly developed analytical skills – ability to define and measure plan performance metrics and identify opportunities for improvement
• Proven project management skills to move projects forward
• Excellent presentation skills and the ability to convey complex concepts.
• Demonstrated ability to analyze and resolve issues

Additional information

Based in the New York City office, 3 days/week