Senior Compensation Manager

**POSITION SUMMARY:** The Senior Manager, Compensation serves as the organization's lead compensation strategist and is responsible for designing, implementing, and evolving U.S. compensation programs that support Milliman's business strategy and employee experience. This role will lead the transformation of Milliman's compensation programs from a historically decentralized model to a more consistent enterprise approach while balancing the flexibility needed to support our diverse practices. Reporting to the Director of HR Operations, this role partners closely with HR Business Partners, Finance, Payroll, HRIS, business leaders, and executive leadership to develop innovative compensation solutions that attract, retain, and reward top talent. This role manages a team of compensation professionals and is responsible for developing talent, establishing priorities, and fostering a collaborative, high-performing team focused on delivering exceptional service and strategic compensation solutions. **RESPONSIBILITIES:** - Serve as a trusted advisor to senior leadership by providing strategic compensation guidance on organizational design, executive compensation recommendations, retention strategies, market competitiveness, and complex employee situations. - Establish governance processes and decision frameworks that promote consistency while allowing flexibility where business needs require. - Develop executive presentations, manager toolkits, employee communications, and educational materials that translate complex compensation data into clear, actionable recommendations. - Lead the design, implementation, and evolution of Milliman's compensation philosophy, governance framework, job architecture, salary structures, and salary ranges, supporting the organization's transition to a more standardized enterprise compensation model. - Lead the design, development, implementation, and administration of merit increase, incentive compensation, and other variable pay programs. - Lead compensation analysis including job evaluations, market pricing, internal equity reviews, cost projections, compensation modeling, and program implementation. - Provide compensation consultation and guidance to HR Business Partners and business leaders regarding market competitiveness, total rewards, legislative changes, and compensation best practices. - Partner closely with business leaders and HR Business Partners to develop compensation strategies and provide data-driven recommendations that support business objectives. - Partner with HRIS and Payroll to design, test, and optimize compensation processes and technology supporting annual compensation cycles and ongoing administration. - Monitor compensation trends, legislative developments, and regulatory changes, recommending enhancements to compensation programs and policies as appropriate. - Lead external benchmarking, compensation surveys, market research, and financial modeling to evaluate market competitiveness and recommend strategic program enhancements. - Lead, coach, and develop a high-performing team of compensation professionals through performance management, coaching, and career development. - Establish priorities, assign work, and provide technical oversight to ensure high-quality execution of compensation programs and strategic initiatives. - Foster a collaborative, customer-focused culture while building strong partnerships across Human Resources and the business. **SKILLS & QUALIFICATIONS REQUIRED:** - Bachelor’s degree in Business, Finance, Human Resources or related field preferred - The ideal candidate must have 10+ years of Compensation experience, professional services industry preferred - The ideal candidate must have previous experience leading enterprise compensation projects from strategy through implementation - The ideal candidate must have subject matter expertise in compensation strategy, market pricing, benchmarking, job architecture, salary administration, variable pay programs…