Executive Compensation Advisor

Department:

Our Company Promise

We are committed to provide our Employees a stable work environment with equal opportunity for learning and personal growth. Creativity and innovation are encouraged for improving the effectiveness of Southwest Airlines. Above all, Employees will be provided the same concern, respect, and caring attitude within the organization that they are expected to share externally with every Southwest Customer.

Job Description:

Job Summary

• Internal Advisor and subject matter expert for Southwest’s Senior Leaders across all aspects of executive compensation. Delivers guidance, consultation, analysis and advice on the assessment and design of executive compensation plans, which includes providing direction to other Analysts and Associates, serving as a subject matter expert on projects, and developing and/or reviewing presentations that include meaningful conclusions for review by Senior Leadership Team.

Responsibilities

• Manage the analysis and administration of Companywide short-term incentive programs by creating models and forecasts; calculating quarterly accruals and annual payouts; and preparing plan documentation, summaries, and statements

• Prepare Compensation Committee materials for Senior Management including, but not limited to, agendas, calendars, presentations, analyses, and recommendations

• Collaborate with Legal, Financial Reporting and Internal Audit departments on all matters related to Proxy reporting and Compensation Committee governance

• Execute all transactions for stock plan administration between the Company and the external record keeper. Maintain documentation and ongoing analysis of stock plan reserves and in cooperation with Legal, make appropriate recommendations as to Plan authorized limits. Manage relationship with external record keeper to ensure alignment with communication and engagement activities for equity plan participants.

• Review and analysis of materials prepared by External Executive Compensation Consultant

• Develop, enhance, and maintain the design, operation, administration, and governance of Southwest's executive compensation programs

• Develop and deliver regular executive communication and education that provides valuable insight into compensation initiatives, status of incentive compensation plans, and dependencies of compensation on Company performance

• Counsel new SMC executives on all elements of executive compensation

• Draft and distribute communication of compensation messaging and announcements regarding annual salary and merit planning, routine compensation analyses, incentive programs, and other compensation related content

• Conduct analysis of external market data to support compensation practices and recommendations for executive remuneration

• Initiate and develop strong business relationships throughout the organization to consult on program initiatives, gain insight and identify opportunities for education and engagement with executives

• Keep informed of trends in executive compensation and advise Senior Leadership as needed on marketplace and regulatory developments and their applicability to ensure competitive market positioning in line with marketplace trends and internal budgetary consideration

• Must be able to meet any physical ability requirements listed on this description

• May perform other job duties as directed by Employee’s Leaders

Knowledge, Skills and Abilities

• Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources

• Knowledge of laws, legal codes, precedents, government regulations, executive orders, agency rules

• Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems

• Skilled in collecting, organizing, visualizing, and assimilating data, including turning raw data into meaningful information using data-oriented programming languages and visualization software

• Skilled in identifying complex problems and reviewing related information to develop and evaluate options and implement solutions

• Skilled in using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems

• Ability to apply general rules to specific problems to produce answers that make sense

• Ability to combine pieces of information to form general rules or conclusio