Director, North America Total Rewards – Compensation at Alvarez & Marsal Holdings, LLC in Chicago, Illinois

Job Description:

Description

About A&M:

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work-guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity-are why our people love working at A&M.

How you will contribute:

The Director, Total Rewards - Compensation will play a hands-on role in evaluating, refining, and managing compensation programs across North America. This role requires deep involvement in analyzing market data, developing salary structures, and ensuring compensation practices are competitive and aligned with business objectives.

The ideal candidate will be actively engaged in day-to-day compensation operations, including job evaluations, benchmarking, pay equity analysis, and incentive plan management. With extensive experience in total rewards-particularly within a consulting or professional services environment-this individual will be instrumental in driving consistency, operational excellence, and a data-driven approach to compensation strategy.

Key Responsibilities:

• Manage the development, implementation, administration, and communication of compensation programs and projects in partnership with Global Total Rewards, Payroll, and Finance teams.


• Design and manage salary structures, job evaluation systems, and pay-for-performance programs.


• Partner with Corporate Leaders, Finance, and People teams to oversee the annual compensation process, including planning, execution, and analysis.


• Partner with North America Business Unit Leaders and Talent Acquisition to maintain job architecture, job descriptions, skills mapping, and compensation frameworks.


• Participate in compensation surveys and conduct research and analysis on market competitiveness, pay equity, and compensation trends to ensure total rewards packages remain competitive.


• Identify and manage relationships with external vendors, including compensation consultants and survey providers.


• Develop and implement off-cycle monetary recognition programs, including off-cycle promotions, special recognition bonuses, and financial support initiatives (e.g., retention incentives, relocation support) to reward and motivate employees outside the standard annual review cycle.


• Partner with Legal and Finance to ensure compliance with federal, state, and local labor laws, tax regulations, and reporting requirements related to compensation and benefits.


• Collaborate with Finance to develop budgets and forecast costs for total rewards programs.


• Participate in merger and acquisitions activities, focusing on harmonizing compensation structures and integrating acquired employees into the firm's compensation framework.


• Prepare monthly and ad-hoc reports and analysis as needed.

Key Requirements:

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.


• Extensive experience in total rewards, with a focus on North America; multi-country experience is a plus.


• Professional certifications such as CCP (Certified Compensation Professional) or GRP (Global Remuneration Professional) preferred.


• In-depth knowledge of U.S. and Canadian compensation practices, including executive compensation.


• Strong understanding of employment laws and regulations related to compensation and benefits in North America.


• Experience with HRIS and compensation management systems.


• Excellent analytical and financial modeling skills.


• Strong project management abilities, with experience managing large-scale compensation initiatives.


• Excellent communication and interpersonal skills, with the ability to interact effectively with all levels of the organization.


• Ability to manage confidential information with discretion

Your journey at A&M:
We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person's unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career.

We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.

The salary range is $160,000 - $190,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.

Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings' fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined from time to time as well as a 401(k) retirement plan. Provided the eligibility requirements are met, employees will also receive a discretionary contribution to their 401(k) from Alvarez & Marsal. Additionally, employees are eligible for paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type. Click here for more information regarding A&M's benefits programs

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