Compensation Specialist – (16 month project. Benefits eligible) #9273

Federated Hermes, Inc.

Compensation Specialist – (16 month project. Benefits eligible)

Hybrid location (office/remote)

POSITION SPECIFICATIONS:

• Bachelor degree in Business Administration or equivalent required; HR certification preferred
• Minimum 4 years of experience in compensation administration including spreadsheet design and analysis required; Experience with databases and variable compensation plans with complex metrics preferred
• Knowledge of HRIS, Microsoft Office, and Fair Labor Standards Act (FLSA) regulations required; Knowledge of PeopleSoft and MS Access preferred
• General understanding of HR theories and practices, financial reports, and stock compensation and long-term incentive design preferred

MAJOR DUTIES:

• Perform job evaluations and support the administration of the company’s job documentation, analyses and grading programs.  Meet with management to discuss aspects of positions, conduct external market data and internal equity analyses and recommend salary grades for positions.
• Ensure that job descriptions are current and accurate.  Conduct job description reviews to determine the responsibilities, experience and skill requirements are appropriate.
• Conduct FLSA testing and prepare recommendations to ensure compliance.
• Maintain and update Federated Hermes’ Investment Management bonus program:
• Calculate bonus accruals
• Calculate annual bonuses
• Enter participant, fund and performance data into the IM database
• Manage and analyze data from multiple sources, i.e., market data, PeopleSoft, Morningstar for input into IM database
• Update balanced scorecards with fund assignments, peer groups, performance targets, etc.
• Prepare, and distribute IM scorecards to managers and participants for review and approval.
• Prepare Portfolio Manager compensation disclosure statements.
• Coordinate the receipt and review of performance appraisals to ensure compliance with company guidelines.
• Work with management and payroll to ensure that performance appraisals are conducted and processed on a timely basis.
• Analyze data, and conduct market research in support of the annual compensation programs, e.g., salary structures, merit budgets and bonus programs.
• Support the annual compensation planning process:  participate in management meetings to understand and document recommendations for promotions/salary adjustments; develop the compensation planning calendar; prepare communications to management related to the processes.
• Administer the MPP process including submission of nominations, communications to management, submission of goals and review date changes.

HOURS/LOCATION:  

• 8:30 a.m. – 5:00 p.m. (overtime as required)
• Federated Hermes Tower, Pittsburgh, PA  15222
• Hybrid Location (In-office/Remote)

EXPLANATORY COMMENTS:

• Strong analytical and problem solving skills
• Effective communications skills (oral and written)
• Project management skills
• Statistical analysis skills
• Ability to work with large complex databases
• Ability to work both independently as well as part of a team
• Ability to effectively interact with all levels of employees and management.
• Ability to handle multiple tasks simultaneously while adhering to deadlines.
• This is a temporary, benefits eligible role estimated to last 16 months.

About Federated Hermes

At Federated Hermes, our goals are to help individuals invest and retire better, to help our clients achieve better risk-adjusted returns, and to contribute to the positive outcomes in the wider world.  We pledge to always putting our clients first and to acting responsibly and transparently.  Our commitment to active, responsible investment has enabled us to become a leading investment manager with $757B in assets under management; serving investors around the world.

We provide careers opportunities that have enabled our employees to grow and meet their career aspirations while balancing the needs of their personal lives. We offer a collaborative environment that promotes doing things the right way and always with integrity, sharing ideas to drive positive change, and following through on our commitments.  We are motivated by a higher purpose and always consider the impact of our work.  We promote teamwork and foster a diverse, inclusive and respectful workplace where unique perspectives, ideas and experiences are recognized and appreciated for the contributions they bring.  At Federated Hermes, we are committed to providing equal employment opportunity in all aspects of employment. As part of the company’s equal employment opportunity policy, Federated Hermes takes affirmative action to ensure that minorities, females, veterans, and qualified people with disabilities are considered for employment and promotional opportunities.

Federated Hermes, Inc. offers a competitive salary and benefits package along with a professional environment.

Only those candidates in whom we have an interest will be contacted.

We are interested in qualified candidates who are eligible to work in the United States. However, we are not able to sponsor visas.

EOE – Including Disability / Vets

Federated Hermes is committed to providing equal employment opportunities to qualified individuals without regard to the following criteria: race, color, national origin, religion, sex (including pregnancy), sexual orientation, gender identity or expression, mental or physical disability, age, familial or marital status, ancestry, military status, veteran status or genetic information as well as any other prohibited criteria under any applicable local, state or federal law applicable to Federated Hermes.

For consideration, please visit our company website and reference job #9273 or use the link provided:

https://careers.federatedhermes.com/psp/EXT/EMPLOYEE/HRMS/c/HRS_HRAM.HRS_APP_SCHJOB.GBL?Page=HRS_APP_JBPST&Action=U&FOCUS=Applicant&SiteId=11&JobOpeningId=9273&PostingSeq=1