Overview

Job Description: Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world's largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.Please note: This position is being advertised in both Boston, MA and Johnston, RI; however, only one position will be filled. Candidates may apply to either posting based on their preferred work location.SummaryThe Director of Compensation (HR Senior Partner - Rewards & Compensation) influences how pay drives performance, talent, and business outcomes. FM is seeking a hands-on compensation leader to join our team as Director of Compensation.This role combines individual contribution and team leadership. You will partner directly with business leaders to guide compensation decisions while leading a small team responsible for compensation analysis and administration. The position offers meaningful influence on pay decisions, program design, and employee experience while remaining closely connected to execution.Reporting to the VP, Compensation, this individual operates with a high degree of independence and collaborates closely across Total Rewards and HR leadership.Schedule & LocationThis is a full-time office-based position with flexibility. This position is located in Boston, MA (South Station Tower).Relocation Support Domestic relocation support may be considered based on company criteria and leadership approval.Compensation Strategy & Program DesignLead the design and evolution of broad-based compensation programs, including salary structures, job architecture, and incentive plans, along with associated communication and change managementProvide subject matter expertise on market competitiveness, pay equity, and compensation practicesAlign compensation frameworks to business strategy and workforce needsContribute to incentive and sales compensation design, as applicableEvaluate market trends and provide practical, forward-looking recommendationsBusiness Partnership & AdvisoryServe as a recognized trusted advisor to business leaders, translating compensation concepts into clear, actionable guidance and representing Total Rewards for assigned areasConsult on complex compensation decisions, including senior level offers and organizational changesPartner with HR, Finance, and leadership to balance talent needs, cost, and market competitivenessLeverage expertise across Total Rewards (e.g., Executive Compensation, Global Mobility, Benefits) to deliver integrated solutionsCompensation Delivery & Team LeadershipLead and develop a small compensation team responsible for analysis and administrationEnsure effective execution of core compensation processes, including annual planning, job evaluation, and pay changesBuild team capability in analysis, stakeholder management, and business partnershipDrive consistency, quality, and continuous improvementAnalytics, Governance & ProjectsUse data to inform decisions, including market benchmarking, pay equity, and cost analysisMonitor program effectiveness and recommend enhancementsStay current on legislative and regulatory developmentsLead and support Total Rewards initiatives and cross-functional projectsPrepare materials and insights for senior leadership and governance forums Qualifications: Required Education Bachelor's degree in Human Resources, Business, Finance, or related fieldRequired Work Experience 8+ years of progressive compensation experience in a large or complex organizationHighly Preferred Work Experience Background in financial s