VP of Compensation
Description
ANV is a global specialty insurance platform operating across the United States, United Kingdom, and Europe. Backed by AmTrust Financial Services and Blackstone Credit & Insurance, we bring together a portfolio of established MGAs and specialist underwriting businesses delivering innovative insurance solutions across multiple markets.
As a rapidly growing platform, ANV combines the strength of established insurance businesses with the opportunity and energy of a scaling organization. We are committed to underwriting excellence, entrepreneurial thinking, and empowering our people to make a meaningful impact as we continue to build the next generation of specialty insurance businesses.
We are seeking a strategic, hands-on, and globally experienced Vice President, Compensation to lead the design, administration, governance, and evolution of all compensation programs across the organization. Reporting directly to the CHRO, this executive will serve as the organization's subject matter expert on broad-based compensation, executive compensation, incentive plans, long-term incentive programs, and compensation governance.
The Vice President, Compensation will partner closely with executive leadership, Finance, Accounting, Legal, and Human Resources leaders to ensure compensation programs support business objectives, align with company performance, attract and retain top talent, maintain internal equity, and comply with applicable regulations across multiple jurisdictions.
This role requires a leader who is equally comfortable setting compensation strategy, providing executive-level consultation, conducting complex analyses, managing compensation operations, and overseeing financial modeling related to annual incentive and long-term incentive programs.
Key Responsibilities
Compensation Strategy & Program Leadership
- Develop and execute the organization's global compensation philosophy and strategy.
- Design, implement, and administer salary structures, pay practices, job architecture, and compensation frameworks.
- Lead all compensation programs, including base salary, annual incentives, sales incentives where applicable, retention programs, and recognition plans.
- Partner with business and HR leaders to ensure compensation programs drive performance, retention, and organizational effectiveness.
- Monitor market trends and recommend program enhancements to maintain competitiveness and alignment with business objectives.
Executive Compensation
- Design, administer, and evaluate executive compensation programs for senior leadership.
- Partner with the CEO and CHRO on executive compensation recommendations.
- Prepare executive compensation analyses, market assessments, and Board and Compensation Committee materials.
- Support governance processes related to executive compensation and compensation-related disclosures.
- Ensure executive compensation programs align with organizational objectives, risk management principles, and shareholder expectations.
Long-Term Incentive (LTI) Programs
- Serve as the primary owner and administrator of all long-term incentive plans.
- Design and manage equity and non-equity LTI programs, including performance-based and retention-based arrangements.
- Develop financial models and scenario analyses to evaluate program effectiveness and cost implications.
- Partner with Accounting, Finance, Legal, and external advisors regarding valuation, accounting treatment, compliance requirements, and administration.
- Ensure effective communication and education regarding LTI plans for participants and leaders.
Incentive Compensation & Bonus Administration
- Lead the design, administration, and governance of annual incentive compensation programs.
- Own bonus accrual methodologies, calculations, forecasting, and reconciliation processes.
- Partner closely with Accounting and Finance teams to ensure accurate accruals, reporting, forecasting, and budget management.
- Validate performance metrics, payout calculations, and incentive plan effectiveness.
- Recommend modifications to incentive programs based on business performance and organizational objectives.
Global Compensation Management
- Lead compensation strategy and program administration across the United States and international locations.
- Provide expert guidance on global compensation practices, market competitiveness, and regulatory considerations.
- Partner with HR and business leaders to develop compensation solutions that address local market dynamics while maintaining global consistency.
- Support international expansion, acquisitions, integrations, and organizational changes impacting compensation programs.
- Ensure compensation programs align with applicable country-specific regulations and pay transparency requirements.
- Manage participation in global salary surveys and benchmarking initiatives.
Compensation Governance, Compliance & Analytics
- Ensure compliance with applicable compensation-related laws and regulations across all applicable jurisdictions.
- Oversee compensation audits, pay equity analyses, and governance processes.
- Develop and maintain compensation reporting, dashboards, and executive-level analytics.
- Introduce data-driven insights and recommendations to support talent and business decisions.
- Establish and maintain compensation policies, procedures, and controls.
Required Qualifications
- Bachelor's degree in Human Resources, Business Administration, Finance, Accounting, Economics, or related field.
- Minimum 10+ years of progressive compensation experience, including senior leadership responsibilities.
- Minimum 5+ years leading enterprise-wide compensation strategy.
- Demonstrated experience managing executive compensation programs.
- Significant experience designing and administering long-term incentive plans.
- Extensive experience with annual incentive programs, bonus calculations, and compensation modeling.
- Proven partnership with Finance and Accounting teams regarding compensation accruals, budgeting, and reporting.
- Global compensation experience with specific expertise supporting employees in the UK and/or European Union.
- Experience with Workday Compensation and advanced HRIS platforms
- Experience working within complex, matrixed, multinational organizations.
- Strong analytical and financial modeling capabilities.
- Exceptional executive presence and communication skills.
- Ability to influence senior stakeholders and present recommendations to executive leadership and boards.
Preferred Qualifications
- Experience within the insurance, financial services, specialty risk, or highly regulated industries.
- Certified Compensation Professional (CCP) designation.
- Master's degree in Human Resources, Business Administration, Finance, or related discipline.
- Experience supporting mergers, acquisitions, integrations, and organizational transformations.