What are the responsibilities and job description for the Compensation Manager - LTIP Administration position at AIG?
Compensation Manager - LTIP Administration
We have an exciting opportunity for a Compensation Manager, Long-Term Incentive Program Administration to join our team. In this role, you will support the organization's leaders to execute AIG's processes related to equity plan administration, including grants, communications, vesting and delivery, financial accounting, share usage and audits of AIG shares awarded under the AIG LTIP globally. This role reports to the Director Executive Compensation.
What you'll do:
- Prepare annual and off-cycle award proposals for approval by the Compensation and Management Resources Committee of the AIG Board or its delegates
- Plan, coordinate, and execute on all processes related to AIG share deliveries, including:
- Partner with AIG Employment Tax, E&Y, AIG legal, AIG HR Shared Services, 40 global payrolls and UBS (AIG's provider of brokerage services for AIG's equity awards), to develop and implement compliant global distribution and withholding plans
- Provide strategic direction on all technical requirements related to equity plan administration including:
- Manage data flow between Workday and UBS, including recordkeeping of the annual and off-cycle award processes, synchronization with respect to equity forfeitures, new hire information, trading window restrictions
- Identify critical changes to the Workday/UBS/Payroll integration to ensure successful data transfer and proper setup for accurate tax calculations
- Develop solutions to accommodate treatment of equity related to Corporate transactions, including IPOs, acquisitions, divestitures, etc.
- Provide ongoing support to active and terminated LTI participants regarding their accounts/awards, and reconciliation of tax withholdings
- Provide ongoing support to Legal, Finance and HR on ad-hoc requests, custom data analytics, and legal matters
- Manage quarterly processes including financial reporting, share usage and forecasting, audit and international regulatory reporting
What we're looking for:
- Demonstrated expert level Excel skills
- Deep understanding of HR systems, payroll processes and US taxation
- Extraordinary attention to detail
- Excellent communications skills
- Strong team player
- Minimum BA education, preferred in quantitative area, e.g., finance, accounting
- Minimum 3-5 years' experience in equity plan administration or related area
For positions based in NYC, the base salary range is $103,000 - $143,000. For positions based in Jersey City, the base salary range is $93,000 - $138,000 . In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We're proud to offer a range of competitive benefits, a summary of which can be viewed here: AIG Benefits Overview. (https://sprcdn-assets.sprinklr.com/248/723ffa1b-01a8-4f89-b8aa-7469d8e62d81-213797826/2023-benefits-overview-for-cor.pdf)
#LI-MM1
A look at our Benefits
We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.
We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.
We are an Equal Opportunity Employer
American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
HR - Human Resources
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
AIG Employee Services, Inc.
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.
What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.
We're also committed to doing the right thing for our people and the communities where we work and live. It's why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (https://twitter.com/AIGinsurance) | LinkedIn (http://www.linkedin.com/company/aig) . These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
We have an exciting opportunity for a Compensation Manager, Long-Term Incentive Program Administration to join our team. In this role, you will support the organization's leaders to execute AIG's processes related to equity plan administration, including grants, communications, vesting and delivery, financial accounting, share usage and audits of AIG shares awarded under the AIG LTIP globally. This role reports to the Director Executive Compensation.
What you'll do:
- Prepare annual and off-cycle award proposals for approval by the Compensation and Management Resources Committee of the AIG Board or its delegates
- Plan, coordinate, and execute on all processes related to AIG share deliveries, including:
- Partner with AIG Employment Tax, E&Y, AIG legal, AIG HR Shared Services, 40 global payrolls and UBS (AIG's provider of brokerage services for AIG's equity awards), to develop and implement compliant global distribution and withholding plans
- Provide strategic direction on all technical requirements related to equity plan administration including:
- Manage data flow between Workday and UBS, including recordkeeping of the annual and off-cycle award processes, synchronization with respect to equity forfeitures, new hire information, trading window restrictions
- Identify critical changes to the Workday/UBS/Payroll integration to ensure successful data transfer and proper setup for accurate tax calculations
- Develop solutions to accommodate treatment of equity related to Corporate transactions, including IPOs, acquisitions, divestitures, etc.
- Provide ongoing support to active and terminated LTI participants regarding their accounts/awards, and reconciliation of tax withholdings
- Provide ongoing support to Legal, Finance and HR on ad-hoc requests, custom data analytics, and legal matters
- Manage quarterly processes including financial reporting, share usage and forecasting, audit and international regulatory reporting
What we're looking for:
- Demonstrated expert level Excel skills
- Deep understanding of HR systems, payroll processes and US taxation
- Extraordinary attention to detail
- Excellent communications skills
- Strong team player
- Minimum BA education, preferred in quantitative area, e.g., finance, accounting
- Minimum 3-5 years' experience in equity plan administration or related area
For positions based in NYC, the base salary range is $103,000 - $143,000. For positions based in Jersey City, the base salary range is $93,000 - $138,000 . In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We're proud to offer a range of competitive benefits, a summary of which can be viewed here: AIG Benefits Overview. (https://sprcdn-assets.sprinklr.com/248/723ffa1b-01a8-4f89-b8aa-7469d8e62d81-213797826/2023-benefits-overview-for-cor.pdf)
#LI-MM1
A look at our Benefits
We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.
We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.
We are an Equal Opportunity Employer
American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
HR - Human Resources
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
AIG Employee Services, Inc.
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.
What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.
We're also committed to doing the right thing for our people and the communities where we work and live. It's why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (https://twitter.com/AIGinsurance) | LinkedIn (http://www.linkedin.com/company/aig) . These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
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