Compensation Analyst

$65,000 - $72,000/Yr

Manatt, Phelps & Phillips, Llp - Chicago, IL

Full-time - Entry Level

Chicago, IL

251-500 employees

Professional, Scientific, and Technical Services

About the position

The Compensation Analyst will be a key member of the Accounting team at Manatt, Phelps & Phillips, LLP, responsible for assisting in the preparation and analysis of compensation schedules for Attorneys and Consultants. This role involves evaluating financial performance, managing compensation data, and supporting the firm's Compensation Committee and Business Leaders in making informed compensation decisions.

Responsibilities

• Prepare monthly and year-end compensation financial worksheets for lawyers and consultants across all Business Units.
• Evaluate lawyer and consultant financial performance against compensation benchmarks for additional supplemental and performance payments.
• Review lawyer and consultant employment agreements for performance-based bonuses and calculate them on a timely basis.
• Budget and forecast for lawyer and consultant compensation expenses and provide variance expense analysis to Firm Management.
• Maintain Equity Partner capital liquidation schedules for departed partners.
• Research and conduct market analysis to ensure base compensation and bonus structure for consultants are in line with peers.
• Liaise and partner with other Business Professionals to support ad hoc compensation requests and projects from Firm Management.

Requirements

• Bachelor's degree in Business, Accounting, Finance, or related field.
• A minimum of 1 - 2 years' experience, preferably in a law or professional services firm.
• Proficient with Microsoft Excel (advanced proficiency preferred).
• Ability to manage sensitive and confidential matters and information with discretion.
• Superior communication and interpersonal skills with proven ability to work effectively with end users, peers, and managers.
• Self-motivated and able to work successfully with minimal supervision.
• Ability to respond to multiple priorities and meet varying deadlines.
• Exceptional attention to detail and accuracy.

Benefits

• Full range of medical benefits
• Financial benefits
• Other benefits dependent on the position