Finance Consultant - 87FF5E

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POSITION SUMMARY:
 

The Finance Compensation Lead will serve as a trusted advisor to Hartford Funds’ CFO, Human Resources (HR) Director, and key business partners, including sales leadership, on all aspects of the firm’s compensation programs, processes, and costs. The role will be responsible for all components of compensation including headcount, salaries, sales commissions, annual bonus pools, long-term incentive (LTI) grants, and benefits. The successful candidate will effectively manage compensation in line with the firm’s strategic goals through maintenance of a competitive cost structure, execution of plans and processes, and monitoring of results and projections.

WHAT ARE THE RESPONSIBILITIES OF THE POSITION?

Planning and forecasting

• Lead the compensation planning process by partnering with senior leadership and HR to determine appropriate levels of headcount and compensation expense based on firm’s strategic goals.
• Build highly effective and detailed models with the ability to sensitize key variables to support the sales compensation planning and forecasting process.
• Ensure all compensation decisions, including mid-cycle updates, are communicated across stakeholders, documented, and incorporated into plans and forecasts.
• Be the subject matter expert on compensation plans and ensure timeliness and accuracy of contracts and underlying systems.

Reporting and analysis

• Develop and maintain internal reporting and dashboards that provide clear and concise information and commentary to key stakeholders.
• Develop metrics and analyze trends to provide insights.
• Perform financial analysis, including variance analysis, comparing plan, actuals, and forecasts across various periods.
• Effectively present results, ideas, and solutions to senior leadership.

Process

• Partner with Accounting team members to develop accurate accruals based on key drivers and trends and maintain detailed tracking of LTI grants.
• Ownership of annual bonus calculation for planning and forecasting; partner with HR Director and Controller throughout the year on assumptions.
• Develop process around tracking vacancy rates based on length of open positions throughout the year.
• Monthly monitoring of commissions processing to ensure no material control breaks incorporating lessons learned.

Market analysis and other

• Partner with HR Director to understand market trends and pay structures of competitors by reviewing market data, competitor press releases, SEC filings, and industry trade press for helpful insights.
• Support strategic initiatives and ad hoc requests for compensation information, such as data for compensation survey participation.
   

WHAT ARE WE LOOKING FOR?

• Bachelor’s degree in finance or accounting; CPA is a plus
• 15+ years of experience in the financial services industry
• Experience with sales commission planning and processing required
• Strong organizational and time management skills with the ability to manage people and processes while handling shifting priorities
• Excellent communication skills (written, verbal, and presentation) with the ability to collaborate effectively with business partners
• Ability to analyze data to interpret trends and provide insights to management
• Experience with financial analysis concepts and processes and accounting practices and principles
• Ability to foresee challenges and proactively look for ways to create more efficient processes for the business
• Solid user of Microsoft Office (e.g., Excel, Word, Outlook, PowerPoint), specifically a power user of Excel; experience using financial reporting software (e.g., Anaplan and TM1) a plus
• Ability to work independently and as part of a team
• Results oriented, accountable, motivated, and flexible

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

$125,000 - $165,000

Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

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