Director, Compensation

Job Family

Total Rewards

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.  

 

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. 

    

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information,  visit www.transamerica.com. 

 

Who We Are 

  

Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services. 

 

What We Do 

 

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology). 

Job Description Summary

The Director, Compensation will work in collaboration with Director, Total Rewards, participating in the development and implementation of compensation programs in alignment with Company objectives, guidelines, and policies. Through analysis and research, the Director, Compensation formulates recommendations for various compensation projects and initiatives.

Job Description

The Director, Compensation will work in collaboration with Director, Total Rewards, participating in the development and implementation of compensation programs in alignment with Company objectives, guidelines, and policies. Through analysis and research, the Director, Compensation formulates recommendations for various compensation projects and initiatives.

Job Description

Responsibilities

• Oversees the strategic direction for the compensation department.
• Direct the development, design, implementation and administration of compensation, including base salary, short-term and long-term incentives, and salary survey participation. 
• Manage Executive Compensation programs and other specialized areas of compensation.
• Direct activities of compensation analysis, including job evaluation, job pricing, FLSA classification, pay equity, and geographic differentials. 
• Provide guidance to Business Partners and management by providing data, reports, compensation philosophy and pay practices/processes.
• Lead change management initiatives as it relates to the compensation department.
• Manage the communication and administration of the annual compensation planning process, and other enterprise-wide projects or initiatives.
• Manage identified issues to ensure the integrity and accuracy of compensation data, reports and databases. 
• Collaborate with HRIS staff to ensure the Workday system meets Total Rewards needs and is updated to accommodate changes to salary structures or other compensation-related data.

Qualifications

• Bachelor’s degree in a business related field or equivalent education/experience.
• Ten or more years of compensation experience, including staff management.
• Experience in the analysis, design and/or administration of compensation programs
• Strong math aptitude and analytical skills.
• Ability to interact with and influence all levels within the organization.
• Proficient in MS Office Suite, including intermediate to advanced Excel functions.

Preferred Qualifications

• CCP (Certified Compensation Professional), GRP (Global Remuneration Professiona