Compensation Contractor - Request

Compensation Contractor Overview:

• Remote position.
• Work Schedule: Part-Time Hours - 22 hours/week.
• Hire Justification: Coverage for leave of absence.
• This position will be reporting to the Vice President, Compensation we are seeking a Compensation Contractor to provide ongoing compensation partnership for assigned client groups, support of the firm’s equity program and the annual performance and compensation cycle.
• Contract Duration: 14 weeks (Target Start/End Dates: 11/16/2026 - 02/19/2026).

Responsibilities:

• Act as primary Compensation partner for specific functional groups and aligned HR Business Partners by providing ongoing consultation for all compensation related issues with a focus on the annual performance and compensation process during which managers plan annual base salary increases, bonuses and delivery of equity awards.
• Support the annual compensation planning process and update of compensation planning system (Paycycle) including user acceptance testing, auditing of system/compensation recommendations, generating reports, developing review/approval presentations and collaborating with HR Business Partners.
• Prepare equity grant content for quarterly compensation committee meeting including equity grants and repurchases.
• Manage the equity administration process including ensuring update, creating and tracking of grant agreements and other related documentation within specified timeframes and deadlines.

Qualifications:

• Minimum 7+ years of experience in delivery of base, incentive and equity programs preferably within Financial Services.
• Bachelor's degree or equivalent in Human Resources, Business Administration, or a related field.
• Certified Compensation Professional designation preferred.
• Deep experience with the annual compensation planning process and contract experience during the process.
• Excellent analytical skills with focus on data analysis and compensation modeling.
• Outstanding attention to detail to ensure a high quality of work products.
• Experience with long-term incentive in a private equity owned firm preferred or experience with similar vehicles (e.g., stock options).
• Outstanding communication skills and demonstrable track record to collaborate with key partners including HR Business Partners and leadership and Finance/Accounting.
• In depth experience using compensation surveys/market data including Aon/ McLagan and Willis Towers Watson.
• Experience with compensation management/market pricing tools including Willis Towers Watson Compensation Software, Compensation planning systems such as Paycycle and equity administration platforms including Shareworks.
• Proficient in Microsoft Office Suite with advanced Excel skills.
• Bachelor's degree or equivalent in Human Resources, Business Administration, or a related field.
• Certified Compensation Professional designation preferred.

Pay Transparency:

• This is the pay range that Magnit reasonably expects to pay someone for this position is $75.00/hour - $75.00/hour W-2.
• Benefits: Medical, Dental, Vision, 401K (provided minimum eligibility hours are met)