Summary:

The Head of Compensation will be an influential leader with energy, and a creative & strategic mindset; they will successfully lead National Life Group’s compensation team in developing strong executive and board-based compensation to attract, engage, and retain top talent needed to power our business strategies. The role reports into the Chief People Officer and will liaise directly with members of the Executive Leadership Team and NLG’s Board level Compensation Committee, ensuring that all compensation programs are aligned with the overall business goals and objectives.

Key Responsibilities:

Create and implement enterprise-wide strategies around total compensation, fostering best practices and driving operational excellence
Develop and determine effectiveness of compensation plans in recruiting, motivating, and retaining top talent and driving employee engagement
Identify and respond to trends in compensation packages through review and analysis of competitive intelligence – ensuring that all reward programs are equitable, competitive, inclusive, sustainable, scalable and have a positive impact on the short and long-term performance of the organization
Promote an internal appreciation for the business value of strategic compensation---while enhancing the basic rewards structure to ensure a well-defined framework is in place
In partnership with the head of benefits, oversee the effective communication of total compensation as one component of a total rewards package to achieve employee awareness, understanding, utilization and appreciation of all programs offered (compensation and benefits)
Coaching and communicating a total rewards culture by partnering closely with stakeholders (head of benefits) and key business leaders, acting as a change agent to move the organization forward
In partnership with the Chief People Officer, work with external consultants to the Compensation Committee on the design and implementation of Executive Compensation programs; develop agenda, prepare materials and presentations for all meetings
Partner with HR leadership to bring forward new HR analytics reflective of industry trends, bringing light to new meaningful ways in which to represent HR data specific to compensation and benefits – creating strategies that are aligned with our vision, cost effective and consistent with market trends
Build and effectively lead an exceptional compensation team; ensure that they are technically strong, possess a high level of business acumen, are effective partners and capable of delivering results on time and at quality to support organizational goals

Relationship Management:

Build positive, engaging relationships with associates across the enterprise while challenging assumptions and conventional thinking, promoting collaboration

Work in partnership with IT, Business Insights, and the data community to facilitate the delivery of reliable and insightful data to the business
Communicate complex and technical issues to diverse audiences across the enterprise, both verbally and in writing, in an easy to understand and actionable manner
Exceptionally strong people leader with ability to nurture talent; provide feedback and coaching; manage performance and deliver results through others
Build trust by including others and by keeping the cross-functional teams focused on the success of the entire company

Experience:

Bachelor’s Degree (Master’s preferred), preferably in Business or Finance
7-10 years of diverse Total Compensation experience or consulting environment designing company-wide compensation plans ensuring correlation with business strategy
Experience in the development/enhancement and implementation of sales and investment compensation strategies
CCP preferred
Strong business acumen; a solid understanding of the financial, legal and tax implications of the various compensation and benefits alternatives
Demonstrated agile experience and advanced project management skills
Ability to quickly prioritize competing tasks
Demonstrated ability to deliver flexible, creative rewards strategies that link directly to operating objectives, as well as proven ability to manage the communication strategies that reinforce compensation and benefits messages
A history of successful interaction and influence with all levels of stakeholders including the Compensation Committee of the Board of Directors, Chief Financial Officer, Tax Department and other Senior Executives

Core Competencies:

Customer centric mindset – effectively build relationships at every level of the business
Culture of learning – supporting/encouraging continuous learning at the individual level---and the organization as a whole---in order to increase knowledge, competence, and performance
Superior problem-solving mindset and skills
A passion and proven record for managing and bringing visibility to data to solve complex business challenges
Exceptional analytical, written, oral, and presentation skills with proven track record of delivering actionable insights succinctly
High motivation and self-starter abilities with a strong sense of accountability and dedication to customer experience
Demonstrated strong analytical and problem-solving skills; engages in detail when and where needed
Demonstrated ability to manage projects, on time and on budget
Process efficiency and simplification mindset
Must be able to successfully complete a background check

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National Life requires all new hires to record their vaccination status and, if applicable, submit acceptable proof of vaccination, within 3 business days of their start date.

The base compensation range represents the low and high end of the compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to qualifications, skills, competencies, location, and experience. The range listed is just one component of our total compensation package for employees. Other rewards may include an annual bonus, quarterly bonuses, commissions, and other long-term incentive compensation, depending on the position. National Life offers a competitive total rewards package, which includes a 401(k) retirement plan match, medical, dental, and vision insurance, paid holidays, and a generous paid time off plan, as well as other benefits.

National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.

Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.

National Life Group

1 National Life Dr

Montpelier, VT 05604

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