Compensation Partner

Job Family

Total Rewards

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.  

 

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. 

     

Who We Are 

  

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.  

Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them. 

We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms. 

What We Do 

 

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs. 

 

Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.  

Job Description Summary

In collaboration with Total Rewards management, the compensation partner participates in the development and implementation of compensation programs in alignment with Company objectives, guidelines, and policies. Through analysis and research, formulates recommendations for various compensation projects and initiatives. Provides consultation and subject matter expertise to senior leadership, management and HR Business Partners throughout the organization.

Job Description

Responsibilities

• Independently conduct (and may lead others in conducting) compensation analysis – job evaluation, job pricing, FLSA classification, pay equity, geographic differentials, etc.
• Provide assistance to HR Business Partners and Company management by providing data, reports, and guidance on compensation philosophy and pay practices/processes.
• Consult with HR Business Partners to establish compensation levels for new and existing jobs.
• Support (and may lead) the communication and administration of the annual compensation planning process, and other enterprise-wide projects or initiatives.
• Collaborate with HR Business Partners and management to provide analysis and research to resolve compensation-related issues. 
• Create and analyze detailed and confidential reports for Executives, HR leadership and Company management.
• Participate (or oversee participation) in salary surveys and/or industry surveys, ensuring accuracy and timely completion.
• Provide subject matter expertise on drafting, evaluating and compiling job descriptions and related documentation.
• Audit, research, and proactively identify issues to ensure the integrity and accuracy of compensation data, reports, and databases.
• Work with HRIS staff to ensure that the Workday system meet Total Rewards needs and is updated to accommodate changes to salary structures or other compensation-related data. 
• Provide internal training and mentoring for other members of the team.
• May support or lead specialized compensation programs such as equity/stock, executive comp, sales comp, etc.
• Stay abreast of compensation trends and/or emerging best practices (in general or industry-specific) and make recommendations to Total Rewards management regarding alignment with company philosophies and objectives.

Qualifications

• Bachelor’s degree in a business related field or equivalent education/experience. 
• Eight years of compensation related experience. 
• Strong math aptitude and analytical skills.
• Organizational skills and attention to detail.
• Ability to work independently or in a team environment with commitment to deadlines and confidentiality.
• Excellent oral and written communication, presentation skills, customer service and interpersonal skills.
• Ability to interact with and influence all levels within the organization.
• Proficient in MS Office Suite, including intermediate to advanced Excel functions.

Preferred Qualifications

• CCP (Certified Compensation Professional), GRP (Global Remuneration Professional), or similar compensation professional certification.
• Experience with analysis, design and/or administration of compensation programs. 
• Familiarity with PayFactors 
• International compensation experience (Canada)

Working Conditions

• Office/Remote/Hybrid environment

Compensation

The salary for this position generally ranges between $98,000-$130,000. This range is an estimate, based on potential employee qualifications, operational needs and other considerations permitted by law. The range may vary above and below the stated amounts, as permitted by Colorado Equal Pay Transparency Rule 4.1.2. 

Bonus Eligibility 

This position is also typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company Discretion. 

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request. 

Worried about not having every single qualification listed? It’s okay. If it’s a role you’re interested in, we encourage you to apply. Employees who enjoy their jobs are one of our favorite things. 

What We Offer  

 

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees. 

 

Compensation Benefits 

• Competitive Pay 

• Bonus for Eligible Employees 

 

Benefits Package 

• Pension Plan 

• 401k Match

• Employee Stock Purchase Plan

• Tuition Reimbursement

• Disability Insurance

• Medical Insurance

• Dental Insurance

• Vision Insurance

• Employee Discounts

• Career Training & Development Opportunities

 

Health and Work/Life Balance Benefits 

• Paid Time Off starting at 160 hours annually for employees in their first year of service.

• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars 

• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

• Adoption Assistance

• Employee Assistance Program

• College Coach Program

• Back-Up Care Program

• PTO for Volunteer Hours

• Employee Matching Gifts Program

• Employee Resource Groups

• Inclusion and Diversity Programs

• Employee Recognition Program

• Referral Bonus Programs

 

Inclusion & Diversity  

  

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women. 

  

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all. 

   

Giving Back  

  

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.     

  

Transamerica’s Parent Company  

 

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has  grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.   

* As of December 31, 2023

 

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