UNUM Sr. Executive Compensation Partner in Portland, Maine
Job Posting End Date: 11/10
Unum is a company of people serving people. As one of the world's leading employee benefits providers and a Fortune 500 company, Unum's financial protection benefits help protect more than 36 million working people and their families from the financial impact of illness or injury. Unum's three distinct, but similarly focused US businesses – Unum US, Colonial Life, and Starmount Life – are each a market leader in making disability, life, accident, critical illness, dental, and vision insurance accessible in the workplace.
Headquartered in Chattanooga, Tennessee, Unum has significant US operations in Portland, Maine, Worcester, Massachusetts, and Glendale, California with over 35 field offices nationwide. Colonial Life is headquartered in Columbia, South Carolina with over 40 field offices nationwide. Starmount Life is based in Baton Rouge, Louisiana, and is the dental and vision center of excellence for Unum in the US.
General Summary:This position is responsible for contributing to the ongoing development, management and communication of global executive compensation programs. This position is also responsible for developing compensation solutions within a global framework for an assigned client base while maintaining consistency with the organization’s internal equity and external market position.
Principal Duties and Responsibilities
Contribute to the design, development, and implementation of executive compensation related plans and programs. Also drafts and/or contributes to drafting of ongoing communications to plan participants.
Serves as executive compensation team technical lead and project manager for annual proxy planning and drafting process. This includes coordinating production process with legal and corporate communications as well as working with internal audit for their review of the proxy. This will also include the management of an intern on the project.
Responsible for the preparation of all proxy statement compensation tables (executive and director) as well as related footnotes. Also responsible for drafting language regarding executive compensation programs for inclusion in proxy statement.
Collaborate with Legal and Investor Relations in shareholder outreach efforts with respect to executive compensation programs.
Responsible for the annual review of market data for all senior executives.
Responsible for the production process of meeting materials for the Human Capital Committee (HCC) of the Board of Directors as well as the Nomination and Remuneration Committee (NRC) of the UK Board. This includes preparation of certain executive compensation materials and the development/updating of the HCC and NRC calendars. This also includes interaction with the HCC’s independent consultant for certain Committee materials.
Responsible for regular external studies to determine competitiveness of executive compensation programs.
Provide full compensation partner support to an assigned business unit. This includes consulting with the business, developing compensation solutions and delivering training programs to managers.
Responsible for the administration of inactive deferred compensation programs. This includes reconciliation of the accounts at year-end as well as partnering with finance for required reporting.
Monitor executive, accounting, tax and other compensation-related laws and trends and recommend changes to our programs as appropriate. Partner with appropriate internal parties to ensure internal program compliance.
Participates in rotation/special projects within the global total rewards organization.
May perform other duties as assigned.
5+ year’s experience preferred
Professional certification a plus (e.g., certified equity professional)
3+ years of compensation experience preferred
Demonstrated ability to influence others and drive results
Strong technical and analytical ability
Strong organizational, time management and planning skills
Strong written and verbal communication skills
Strong collaboration skills and facilitation skills
Knowledge in Accounting and Tax preferred
Flexibility to work well under pressure managing multiple priorities and tight deadlines.
Proven project management skills.
Advanced knowledge of Excel and PowerPoint
Ability to work independently and take initiative in setting own direction within broad parameters
Demonstrated ability to gain the attention and respect of sr. level leaders.
Ability to handle sensitive and confidential information appropriately.
Unum and its family of businesses offer world-class training and development, generous compensation and benefits packages, and a culture built on employee ideas.
Unum is an equal opportunity employer, considering all qualified applicants and employees for hiring, placement, and advancement, without regard to a person's race, color, religion, national origin, age, genetic information, military status, gender, sexual orientation, gender identity or expression, disability, or protected veteran status.
A Fortune 500 company, Unum’s family of 10,000 employees spans three countries and dozens of office locations. Our employees focus each day on delivering financial protection benefits to millions of workers and their families when they need it most.
The Unum enterprise includes Unum in the U.S. and U.K., Colonial Life and Starmount Life Insurance – each a market leader in making disability, life, accident, critical illness, dental and vision insurance accessible in the workplace.
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