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 a Compensation Business Partner to join the Human Resources team. The Compensation Business Partner will be responsible for supporting full-cycle compensation activity for assigned business groups. The individual in this role will regularly partner with the Compensation Administration team, HR Business Partners, Finance Business Partners, the Workforce Planning & Analytics team, and Business Leaders to ensure a competitive compensation approach for the business, taking into account market intelligence, the Firm’s broader compensation strategy, and line of business performance/financial results. The 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 Compensation Business Partner will also play a critical role in the workforce planning and compensation forecasting process as well as the annual compensation planning process, including carry and co-investment allocations. Core responsibilities will also include reporting and analytics. This is a strategic role that requires a combination of deep compensation experience, strong analytical and technical skills, and excellent client management / relationship skills.
REPORTING RELATIONSHIPS
Reports to: Co-Heads, Compensation Business Advisory Group
PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES
Specific responsibilities include, but are not limited to:
Serve as the primary point of contact with assigned client groups to support all line of 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 assigned client groups to support 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
Assist in structuring candidate offers, evaluating/pricing buyouts and helping to educate/facilitate the compensation offer approval process where required
Develop, maintain, and share various HR compensation reports and analyses with appropriate stakeholders to drive informative insights to enable leaders to make better decisions
Ensure compliance with regulatory and other related legal requirements
Provide leadership, training and support to more junior compensation professionals
Continuously assess the firm’s programs relative to the market and provide recommendations on how we should be positioned considering industry trends
Design compensation programs as business needs evolve
Provide recommendations on overall approach, philosophy and impact of our compensation programs
Identify other opportunities to reward performance and develop business case to support recommendations
Complete other related projects and duties as assigned
Education:
Bachelor’s degree, preferably in Business Administration or related field
Certified Compensation Professional Certification preferred
Experience Required:
Minimum of 10 years of Compensation experience, preferably within financial services industry; experience in asset management a plus
Global Compensation experience preferred
Experience with equity and/or carried interest preferred
Experience with Workday and/or Compensation platform(s) preferred
General Requirements:
Strong technical skills with high proficiency in Excel and PowerPoint; experience with Access or other databases a plus
Ability to manage both the tactical and strategic aspects of the role
Ability to multi-task and prioritize deadlines; result oriented
Superior written, verbal and presentation/communication skills and a demonstrated ability to create content to a specified audience; capability of interacting with senior stakeholders
Strong team and client service orientation
High accuracy and detail orientation
Excellent time management skills and ability to collaborate with others
Good judgment in terms of escalating issues vs. solving problems independently
A solutions-oriented, self-starter with ability to see the big picture
Dependable, great attitude and a team player
Motivated by a fast-paced, dynamic environment; comfort in dealing with ambiguity and uncertainty
Strong work ethic, an entrepreneurial spirit, and a desire to learn
A demonstrated ability to research and leverage available resources to accomplish the task at hand
An analytical mind and a passion/interest in bringing new ideas for consideration
Ability to handle confidential information appropriately; high integrity
Reporting Relationships
Compensation
The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.
$160,000-$200,000
The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.
Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.
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.
