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Executive Rewards Senior Analyst (Mclean, VA, US)

Company: Mars
Location: Mclean
Posted on: June 13, 2021

Job Description:

A mutually rewarding experience.

Work. Realize your ambitions. And realize there's more to being in business than just making a profit. That's the Mars philosophy. And the opportunity we offer every one of our Associates. An opportunity to take what you do and make it mean more for you, for those around you and for the planet. What you get here is challenging, interesting work. You get the tools you need to do a great job and you get to have the best possible people on your side to help you do it. And at the same time as getting to find ways to do business better today than we did it yesterday and driving a great career, you also get to build a more enlightened business and drive sustainability.

Because it's never just about a single person, a single project or a single brand. It's about how you can grab everything that's within your reach here and use it to pursue mutual, long-term gain. It's about having ideas. And ideals. Being prepared to risk failure because the promise of success means we'll all be a little better off. It's that mix of integrity and ambition that makes Mars such a special place to work. And why working here is always about more than just a job.

About Mars, Incorporated

Mars is a family-owned business with more than a century of history making diverse products and offering services for people and the pets people love. With almost $35 billion in sales, the company is a global business that produces some of the world's best-loved brands: M&M's, SNICKERS, TWIX, MILKY WAY, DOVE, PEDIGREE, ROYAL CANIN, WHISKAS, EXTRA, ORBIT, 5, SKITTLES, UNCLE BEN'S, MARS DRINKS and COCOAVIA. Mars also provides veterinary health services that include BANFIELD Pet Hospitals, Blue Pearl, VCA and Pet Partners. Headquartered in McLean, VA, Mars operates in more than 80 countries. The Mars Five Principles - Quality, Responsibility, Mutuality, Efficiency and Freedom - inspire its more than 100,000 Associates to create value for all its partners and deliver growth they are proud of every day.

Executive Rewards Senior Analyst

Mclean, VA

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 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.

Education & Professional Qualifications

  • Bachelor's Degree with relevant major
  • Strong business acumen
  • This is a junior-level position; requires 3 - 5 years of core rewards experience
  • Data analysis and modelling; managing and manipulating large complex data sets
  • Understanding of survey methodologies, including job matching, reporting line and responsibilities
  • Knowledge of executive remuneration, incentive plan structures and remuneration reporting
  • Advanced knowledge of MS Excel & Office; ability to use MS excel for analysis, reporting and data cleansing; strong knowledge of formulas (VLOOKUP, IF, OR, INDEX, MATCH, etc.), data validation functionality, and creation of Pivot tables; ability to work with MS Excel VBA an advantage.

What are the 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 data, 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?

  • The opportunity to learn, develop and take charge of your own career.
  • An industry competitive compensation package including generous benefits (i.e. 401k, health, etc.)
  • Commitment to our Purpose and our Five Principles.
  • An environment where all Associates feel valued, supported and comfortable being themselves at work.
  • The opportunity to work cross functionally, add value and impact a better world for generations to come.

#LI-KA1

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.

Keywords: Mars, Washington DC , Executive Rewards Senior Analyst (Mclean, VA, US), Other , Mclean, DC

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