Principal, Compensation

This is a fully remote position, open to applicants in Michigan.

📋 Description

• Act as a compensation consultant to senior business leaders and People Business Partners regarding promotions, internal equity, offers, and pay exceptions.

• Collaborate with Talent Acquisition and hiring managers to formulate competitive senior-level offers, encompassing base salary, bonuses, and equity.

• Direct job evaluation and leveling assessments in accordance with Rocket's job architecture and external market standards.

• Provide guidance on the compensation implications arising from organizational design modifications, restructurings, and role redefinitions.

• Conduct market pricing analyses and convert market information into practical pay recommendations.

• Offer advice on compensation strategies for AI and emerging technical positions.

• Assess AI tools for compensation modeling, market pricing, and pay equity analyses.

• Serve as a subject matter expert in pay equity, compensation philosophy, and overall compensation strategy.

• Mentor compensation analysts and offer technical support.

• Represent the Compensation team in cross-functional projects such as mergers and acquisitions and business restructuring.

• Assist in the design and implementation of annual merit, bonus, and equity review processes.

• Develop and modify annual salary structures, geographic differentials, and range adjustments.

• Facilitate year-end compensation planning and calibration meetings.

• Perform pay equity analyses during annual compensation cycles.

• Create program outcome reports and recommendations for senior leadership.

• Spearhead process enhancements and tooling advancements for scalable compensation programs.

⛳️ Requirements

• A Bachelor's degree in Human Resources, Business, Finance, or a related discipline, or equivalent practical experience.

• Over 10 years of progressive experience in compensation, including significant experience in a consulting or advisory role.

• In-depth knowledge of job architecture, market pricing methodologies, and compensation survey data (e.g., Radford, Mercer).

• Proficient in advanced Excel and financial modeling techniques.

• Strong executive presence along with excellent communication skills.

• Capable of managing multiple concurrent projects and competing priorities effectively.

• Demonstrated sound judgment and discretion in handling sensitive and confidential compensation information.

• Proven expertise in utilizing AI tools and techniques for compensation modeling, market pricing, and pay equity analysis.

• Experience advising on compensation issues during mergers and acquisitions or business integration efforts.

• Certification as a Certified Compensation Professional (CCP) is preferred.

• Background in fintech, financial services, or the mortgage sector is preferred.

• Familiarity with compensation and HRIS platforms such as Workday, PayScale, and Radford is preferred.

• Experience collaborating with senior leadership in a dynamic, matrixed organization is preferred.

• Knowledge of SQL or other data querying tools is preferred.

• Familiarity with navigating pay transparency and pay equity regulations across various states or jurisdictions is preferred.

• Global compensation experience, especially in supporting Canada and India, is preferred.

🏝️ Benefits

• Annual bonus, incentives, and other employment-related benefits.

• Medical, dental, and vision coverage.

• 401K retirement plan.

• Paid time off.

• Opportunities for career advancement.

• Reasonable accommodations for qualified individuals with disabilities.