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Director, Global Total Rewards & Compensation

Company: Brown & Brown, Inc.
Location: Daytona Beach
Posted on: March 19, 2023

Job Description:

Director, Global Total Rewards & Compensation page is loaded Director, Global Total Rewards & Compensation Apply locations Daytona Beach, FL, USA time type Full time posted on Posted 2 Days Ago job requisition id R23_0000000878 Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.It's an exciting time to join Brown & Brown! Our business is growing both in North America and internationally which emphasizes the need to build an unparalleled team that promotes future growth. We're excited to continue solidifying that foundation as we are looking for a Director, Global Total Rewards & Compensation to join our growing team in Daytona Beach, FL! The Director, Team Resources - Global Total Rewards & Compensation is primarily responsible for the strategy, design, and implementation of compensation strategies that enable the Company to attract, reward, and retain top talent. Who We Are: Brown & Brown, Inc. is a growing global insurance brokerage firm delivering risk management solutions and services since 1939. Our unique culture is built on honestly, integrity, innovation and discipline and defines who we are and how we treat our customers, teammates and the communities we serve. We think of ourselves as a team, so we have teammates---not employees. We prioritize health, family, and business---in that order. We embrace and celebrate diversity, always striving to be an inclusive place where you have the power to be yourself. Traded on the New York Stock Exchange as BRO, Brown & Brown is a big company that doesn't act like one.Who We Are Looking For: We are looking for passionate team players who believe in working hard and having fun in a collaborative environment. Our team is customer-focused and values the importance of strong relationships, professionalism, and trust. We embrace solutions-oriented big thinkers who are committed to results and aren't afraid to take risks. We are driven to set goals high and aim even higher.Executive Compensation Responsibilities:

  • Work with Assistant General Counsel in creating and publishing annual proxy materials, including compensation tables and Compensation Discussion and Analysis (CD&A).
  • Design and manage all elements of executive compensation, including cash incentive plan and long-term equity programs, ensuring integration and alignment of executive pay with overall company goals and objectives.
  • Prepare materials for the Compensation Committee of the Board of Directors.
  • Work with Assistant General Counsel and Finance team to compile and present executive compensation data as required to external agencies to ensure regulatory compliance. (8K, 10K, S-1, Form 4 etc. as required).Equity Plan Management Responsibilities:
    • Oversee the administration and compliance of company's existing and future equity compensation plans.
    • Manage the annual equity grant process, annual enrollment and purchase under the ESPP, and international APSS and SAYE stock purchase plans.
    • Assist in establishment, measurement and communication of annual performance metrics.
    • Manage vendor relationships with the equity plan record keeper and transfer agent.
    • Work with the Finance team to review monthly equity compensation expense and ensure compliance with ASC 718 reporting requirements. Review annual forfeiture assumptions.
    • Responsible for proxy, 10-K and 10-Q as it relates to stock compensation.
    • Prepare board of director materials/exhibitsRetirement Plans Responsibilities:
      • Manage all aspects of the 401k and non-qualified deferred compensation plans, including audits, 5500s and 409A compliance measures.
      • Participate in 401(k) and non-qualified deferred compensation plan Investment Committee meetings.
      • Build and maintain relationship with outside ERISA legal counsel in partnership with in-house legal team to review Plan Documents, SPDs, and amendment updates.
      • Provide leadership and direction on regulatory and/or pension legislation changes
      • Present annual benefits enrollment and benefits plan changes to leadership
      • Regularly benchmark programs and monitor external trends to proactively adjust programs to ensure market competitiveness.General Responsibilities:
        • Provide strategic and tactical leadership to Assistant Directors of Equity Compensation and Total Rewards.
        • Develop, communicate and administer competitive total rewards strategies, including compensation, retirement, education assistance, financial wellness, engagement and other work experience programs globally, that are cost effective and consistent with labor market trends and organizational objectives.
        • Serve as a subject matter expert. Analyze and interpret reports for senior leaders providing recommendations to guide business decisions.
        • Develop and continually advance compensation strategy and related programs to align with business needs and company culture.
        • Ensure the right mix of global total rewards are available to attract and retain an innovative and diverse workforce while keeping programs compliant, competitive, cost effective and creative.
        • Provide education and counsel to HR Business Partners and Talent Acquisition regarding all compensation programs. Conduct various educational Webinars to teammate focus groups during financial benefit enrollments and at the request of internal HR Partners and Leaders
        • Collaborate with Communications & Branding team to design the appropriate communication strategy around compensation programs depending on audience and location.
        • Lead compensation studies as necessary to ensure internal equity and external competitiveness.
        • Partner with finance on annual compensation budget.
        • Educate leaders and teammates by presenting the company's "total rewards" compensation philosophies.
        • Ensure salary administration guidelines support and align with performance management programs.
        • Lead a sustained financial wellness program for the Company.
        • Maintain a working knowledge of federal, state, and international legislation influencing benefits and compensation.
        • Lead bi-annual pay analysis to ensure internal parity -- design, build and evolve compensation metrics, reporting, and tools to inform compensation program decisions.
        • Develop and maintain job architecture and equity compensation ranges.
        • Lead annual compensation planning processes -- merit, bonus, equity, etc.
        • Ensure compensation and benefits programs remain within budgetary constraints.
        • Lead market analysis of company jobs to determine competitive positioning of the organization's pay programs, including base pay, short and long-term pay, and commissions.Required Qualifications:
          • Ten or more years of experience developing, managing, and administering compensation and benefits programs for a large global employer (10,000 plus teammates).
          • Must have experience in projects and initiatives that deliver measurable financial results with a focus on driving organic growth
          • Proven leadership skills in managing and developing a team
          • Proven ability to effectively interact with senior management in a dynamic environment
          • Expert level proficiency in Microsoft suite; strong focus on Excel
          • Strong financial acumen, analytical skills and the ability to translate technical analysis into presentations for leadership while providing multiple options to consider and drives the discussion to determine the best course of action
          • Strong influencer and communicator at all levels of the organization with collaborative and partnership mindset
          • Bachelor's Degree in Human Resources with a strong background in Accounting, Finance and Global taxationPreferred Qualifications:
            • Master's Degree preferred
            • Professional in Human Resources Certification preferred
            • Certified Equity Professional (CEP) and/or Certified Compensation Professional (CCP) designation a plusWhat we offer:
              • Excellent growth and advancement opportunities
              • Competitive pay based on experience
              • Discretionary Time Off (DTO)
              • Generous benefits package: health, dental, vision, 401(k), etc.
              • Employee Stock Purchase Plan
              • Tuition Reimbursement and Student Loan Repayment Assistance
              • Mental Health ResourceWe are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants. About Us Brown & Brown is a unique and decentralized publicly traded organization (NYSE: BRO) that has grown to become the fifth largest insurance intermediary in the country. We sell property & casualty insurance and employee benefits insurance to mid-sized and large corporations throughout the country. Our size provides us with access to the best products in the marketplace, while still maintaining a very local community feel. Through growing and developing relationships with carrier partners and seasoned professionals, Brown & Brown stands out as a leader in the industry. As our business grows, our people grow with it!

                Becoming an employee, or as we like to call it "a teammate," of Brown & Brown introduces you to a career with virtually unlimited possibilities. Our unique culture rewards self-starters and hard workers who adhere to our commitment to do what is best for our customers. With Brown & Brown you will get the training, mentoring and tools you need to succeed. Our teammates are bound together by shared goals and our collective commitment to integrity and quality. Brown & Brown's local leaders are actively engaged in their communities and committed to maintaining an established network, as well as creating strong relationships of their own.

Keywords: Brown & Brown, Inc., Daytona Beach , Director, Global Total Rewards & Compensation, Human Resources , Daytona Beach, Florida

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