Executive Rewards Senior Analyst

Job Description:

Executive Rewards Senior Analyst

Mclean, VA

Chicago, IL

or Remote

The Executive Rewards & Incentives Team (ER&I) provides expertise in the areas of executive and director compensation and benefits, incentive design, pay-performance alignment, and corporate governance. In an increasingly globally mobile world, these programs need to attract, motivate, and retain critical executive talent to deliver the Mars strategy and performance goals, in line with the Five Principles.

We design and implement programs aligned with business performance, whilst considering the interests of the Family, board members, the company, and Associates. As a private company, we have the opportunity to design forward-thinking, leading-edge remuneration structures and performance measures, that reflect internal, external, and competitive business needs.

The role of the ER&I Senior Analyst is to provide advanced analytical support to the ER&I team across all executive rewards matters, to be the subject matter expert and technical lead on ER&I analytical work and provide high quality service to stakeholders using analysis and judgement of internal and external data and approved methodologies.

What are we looking for?

• Bachelor's Degree with relevant major
• Strong business and financial acumen
• This is a junior-level position; requires 3 - 5 years of core rewards and analytical experience

What will be your key responsibilities?

Executive Pay Benchmarking

• Support the preparation of Executive Rewards survey submissions (i.e., Pay, Incentives, M&A), including data collection, role matching, and related analysis of survey reports in collaboration with Associate Rewards
• Perform market benchmarking analyses to ensure that rewards packages are competitive in relation to salary and incentives against our stated pay philosophy.
• Conduct proxy analysis from public filings in support of competitive market assessments.
• Undertake ad-hoc benchmarking and prepare salary proposals relating to promotions and moves within the Global Leader (GL) population.
• Support the annual GL merit process, including preparation of pay analysis, budget proposal, P&O pay proposal materials, analysis of proposals and implementation.
• Maintain internal database of the executives, e.g., GL Roster.

Analytics

• Provide analytics to assess the effectiveness of our executive pay programs (e.g., goal/target setting, pay-for-performance analysis, pay-at-risk review, tally sheets, etc.)
• Design, build and implement analytical models using people and market data to forecast costs, identify issues and impacts.
• Support on compensation strategy issues surrounding mergers and acquisitions, key executive retention arrangements, and Associate severance and change-in-control programs
• Working on ad-hoc rewards projects throughout the year, including research and analysis together with the development of recommendations.
• Provide rewards related administration, e.g., manage ER&I mailbox, rewards meetings, invoices.

Executive Rewards Governance

• Provide data insights and analysis for Remuneration and Talent Committee (RTC) papers.
• Support ER&I to design philosophies and strategies to attract, reward and retain talent through analytics.
• Subject matter expert on ER&I related policies and governance, providing sound guidance to broader rewards team.
• Maintain an up-to-date knowledge of the internal and external compliance and guidance information relating to executive rewards issues.

Incentives

• Support with the design and delivery of the executive incentive plans.
• Analytical support for annual and long-term incentive programs e.g., cost modelling / analysis, Associate LTI estimates, etc.
• Point of contact for incentive program participants at all levels of the organization.

What can you expect from Mars?

• Work with over 130,000 diverse and talented Associates, all guided by the Five Principles.
• Join a purpose driven company, where we're striving to build the world we want tomorrow, today.
• Best-in-class learning and development support from day one, including access to our in-house Mars University.
• An industry competitive salary and benefits package, including company bonus.

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Mars is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. If you need assistance or an accommodation during the application process because of a disability, it is available upon request. The company is pleased to provide such assistance, and no applicant will be penalized as a result of such a request.