Director of Compensation at Acrisure

Grand Rapids, Michigan, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, InsuranceIndustries

Requirements

Bachelor’s degree in Human Resources, Organizational Psychology, Business Administration, or a related field
12+ years of professional experience with 8+ years of progressive experience in compensation management in organizations with employee populations of ≥5,000 and a diverse portfolio of business units
5+ years of experience managing a team of compensation professionals
Proven track record of developing and implementing successful compensation programs
Preferred: Certification in compensation management (e.g., CCP) or related field
Preferred: Experience in a high-growth environment, enabling the rapid maturing of organizational compensation practices

Responsibilities

Collaborate and provide subject matter expertise in the administration of compensation activities to include, but not be limited to, annual salary review programs, compensation survey analysis and management, policy and procedures development, and ongoing compensation and total rewards education for managers and team members
Analyze trends in compensation-related strategies and regulatory changes to inform strategic decision-making
Lead market analysis and benchmarking activities
Oversee the design and maintenance of job architecture strategies, including the analysis and integration of acquired organizations’ structures
Perform regular audits of compensation practices to ensure compliance
Generate reports on compensation data, trends, and performance
Work with HR, finance, and other departments to ensure a coordinated approach to compensation
Implement and manage compensation management systems and related technologies
Provide leadership and direction to compensation professionals aligned with the respective business units and/or talent segments and ensure optimal compensation consulting and support services are available
Effectively utilize competitive intelligence and market data to proactively address compensation challenges that impact the business and maintain a long-term vision and planning perspective
Provide guidance and support to HR business partners and managers on compensation-related inquiries and decisions
Manage a team of compensation professionals - set clear expectations, provide feedback, conduct performance reviews, and address challenges, as well as foster a positive and productive work environment
Keep current with emerging trends and best practices in the field of compensation by attending conferences and events, reading industry publications, and engaging with professional networks
May collaborate with Leadership to design and administer an Executive Compensation program
May collaborate with HR and leadership teams to design short and long-term incentive programs that motivate employee engagement and performance

Skills

Key technologies and capabilities for this role

Compensation StrategySalary Review ProgramsCompensation Survey AnalysisMarket BenchmarkingJob ArchitectureCompensation AuditsRegulatory ComplianceHR ReportingTotal RewardsMergers and Acquisitions

Questions & Answers

Common questions about this position

What is the salary or compensation for the Director of Compensation role?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What key skills and experience are required for this role?

The role requires expertise in compensation administration, market analysis and benchmarking, job architecture strategies, compensation management systems, and team leadership for compensation professionals.

What is the company culture like at Acrisure?

Acrisure's culture is defined by an entrepreneurial spirit, innovation, client centricity, and an indomitable will to win.

What makes a strong candidate for the Director of Compensation position?

Strong candidates will have deep expertise in strategic compensation design amid mergers, acquisitions, and organizational change, with proven leadership in managing compensation teams and utilizing market data for business impact.

Acrisure

Insurance broker specializing in risk management

About Acrisure

Acrisure provides insurance and risk management services through a network of independent insurance agencies known as Agency Partners. This model allows Acrisure to offer tailored solutions to a diverse clientele, including business owners and institutions in sectors like agriculture, arts, and waste management. The Agency Partners maintain local relationships while leveraging Acrisure's global resources, ensuring personalized service. The company generates revenue by earning commissions and fees from insurance policies sold through its partners, fostering a mutually beneficial relationship. Acrisure's goal is to combine local expertise with global capabilities to deliver high-quality insurance solutions.

Grand Rapids, MichiganHeadquarters

2005Year Founded

$19.5MTotal Funding

DEBTCompany Stage

Financial ServicesIndustries

1,001-5,000Employees

Risks

Increased competition from fintech firms may challenge Acrisure's market share.

Rapid expansion could lead to integration risks and cultural clashes.

Strategic alliances may result in conflicts of interest or operational inefficiencies.

Differentiation

Acrisure's unique model leverages a global network of independent Agency Partners.

The company combines local expertise with global resources for tailored client solutions.

Acrisure's rapid growth is driven by strategic partnerships and innovative insurance products.

Upsides

Acrisure's expansion into new markets like Bermuda strengthens its global presence.

The appointment of industry veterans enhances Acrisure's leadership and growth potential.

Winning 'Broker of the Year' boosts Acrisure's reputation and client trust.

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