Newell Brands - Atlanta, GA
posted 2 months ago
The Executive Compensation Specialist at Newell Brands plays a crucial role in supporting the implementation and administration of executive compensation programs. This position is responsible for ensuring that compensation practices are competitive, equitable, and aligned with the organizational goals and regulatory requirements. The role involves a combination of data analysis, reporting, plan administration, and cross-functional collaboration to achieve the strategic objectives of the executive compensation department. In terms of policy and compliance, the Executive Compensation Specialist assists in ensuring that executive compensation programs comply with legal and regulatory requirements, including SEC regulations and IRS rules. This includes maintaining compensation policies and procedures to ensure consistency and fairness, as well as preparing and reviewing compensation disclosures for proxy statements and other regulatory filings. Data analysis and reporting are key components of this role. The specialist conducts market research and benchmarking to analyze trends, ensuring that executive compensation practices remain competitive and compliant with industry standards. This involves analyzing compensation data, preparing reports on compensation trends, and conducting cost analyses to support decision-making. The specialist also monitors and assesses the effectiveness of compensation programs, recommending adjustments as necessary. Communication and collaboration are essential aspects of the position. The Executive Compensation Specialist works closely with various departments, including HR, Finance, and Legal, as well as external consultants, to implement and administer compensation plans. They oversee the communication of incentive programs to key stakeholders and educate executives and HR teams about the impact of compensation programs on performance and business outcomes. Additionally, the specialist contributes to special projects and initiatives related to executive compensation and broader HR objectives. Plan administration is another critical responsibility. The specialist oversees the administration of executive compensation plans, tracking performance metrics and ensuring timely payments. They manage relationships with compensation consultants and brokers, and administer the long-term incentive plan, which includes updating the system to reflect new awards, vesting existing awards, and modeling different scenarios within the system.