Compensation Consultant

Job Description

Senior Consultant – Compensation | MFS Investment Management

The Tone:
This is a full-time role at MFS Investment Management, operating in a hybrid work environment with onsite presence in Boston, MA, USA. MFS fosters a collaborative culture where strong ideas prevail, and care for employees and community is paramount. The company helps millions of people and institutions build more secure futures through investment management. In this role, you will apply advanced compensation expertise to support MFS’s business and talent objectives, ensuring effective, consistent, and aligned compensation programs.

The TL;DR
• Role: Full Time
• Location: Hybrid, Boston, MA, USA
• Pay: $110000–$158500 yearly
• Mission: Translates data, policy, and market insights into clear recommendations and decision-ready guidance for MFS’s compensation programs.
• Tech Stack: Workday, MarketPay, Excel

What You’ll Actually Do
• Program Ownership: Owns and leads complex compensation programs, processes, or functional capabilities such as market data, governance, or annual planning, operating independently within established frameworks.
• Problem Solving: Applies deep compensation knowledge to evaluate issues, identify risks, and develop practical, value-added solutions aligned with MFS’s Compensation Philosophy.
• Analytical Insights: Leverages compensation analytics and external market data to assess competitiveness, internal equity, and program effectiveness, interpreting data to develop insights and recommendations.
• Consultation: Provides senior-level consultation to HR partners, Finance, and business stakeholders on complex compensation matters, including interpretation of guidelines and application of market data.
• Project Leadership: Leads mid-to-large compensation projects, managing scope, timelines, dependencies, and stakeholder engagement, ensuring programs are executed with appropriate controls and documentation.

The Must-Haves
• Background: Bachelor’s degree in a related area. Senior-level professional with expertise in compensation, financial analysis, or closely related analytical disciplines.
• Experience: 6–8+ years of experience in compensation or analytical roles, including providing consultative or center-of-expertise support to influence without direct authority.
• Skills: Strong analytical capability with experience using market data, ability to synthesize complex information into clear recommendations, strong communication, organizational, and stakeholder-management skills, and advanced Excel skills.
• Bonus: Knowledge of compensation regulations, job evaluation, and external benchmarking practices. Experience with compensation and HRIS tools such as Workday or MarketPay.