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Executive Compensation Specialist

2 months ago

Minneapolis, Minnesota, United States Thrivent Financial Full time
Job Summary

Thrivent Financial is seeking an experienced Executive Compensation Specialist to join our team. As a key member of our compensation team, you will be responsible for designing and implementing market-based total rewards packages for executives, ensuring accurate and timely administration of executive compensation programs, and providing expert analysis and recommendations to support executive compensation and incentive plan designs.

Key Responsibilities
  • Partner with Total Rewards leaders to design and develop market-based total rewards packages for executives to attract, motivate, reward, and retain top talent.
  • Administer Thrivent's executive compensation programs to ensure all transactions are processed accurately and in a timely manner.
  • Lead the design and modification of short-term and long-term compensation programs and associated guidelines, processes, policies, and procedures.
  • Develop internal communications and materials to educate applicable audiences on executive compensation programs and Thrivent's incentive plans.
  • Partner with HRBPs and Talent Acquisition on proposals for executive new hire offers, promotions, adjustments, and other ad-hoc analysis.
  • Prepare materials for Thrivent's Board of Directors and Human Resource committee meetings, including annual incentive and long-term incentive plans, insights, analysis, and recommendations.
  • Work with Thrivent's executive compensation board advisors to ensure all materials related to executive compensation are prepared in time for the appropriate committee meetings.
  • Prepare monthly and annual reporting on annual and long-term incentive plans for finance to ensure accurate forecasting and planning.
  • Prepare, update, and create plan documents and other communication materials for annual and long-term incentive plans to ensure Thrivent is in compliance with relevant governance and regulatory requirements.
  • Leverage market data in the consultation and analysis of compensation issues, including analysis of internal and external compensation data, market pricing, and evaluating jobs.
  • Lead cross-functional teams to refine or implement compensation solutions.
  • May work with HR business partners and Thrivent leaders to proactively understand the talent and reward needs of a division and design/implement solutions to address those needs.
Qualifications and Skills
  • Required:
    • Bachelor's degree.
    • 7+ years of compensation experience.
    • Ability to effectively handle highly confidential compensation and other human resources information.
    • Experience leading large, complex projects.
    • Expertise in design/development of compensation solutions/processes.
  • Preferred:
    • Master's degree.
    • Certified Compensation Professional (CCP) certification.
    • Accounting or finance background.
    • Experience working with HRIS systems (e.g., Workday) and market pricing software (e.g., MarketPay).