Compensation Consultant

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

THE ROLE

Using discretion and judgment, provides compensation expertise, analysis, and consultation to support compensation programs and business needs across MFS. Serves as the primary point of contact for a broad range of compensation requests, including job leveling, market pricing, offers, and compensation-related inquiries. Partners closely with Compensation leadership and Senior Consultants to provide analysis, recommendations, and operational support that enable effective compensation decisions and program delivery.

WHAT YOU WILL DO

• Serves as the primary intake point for compensation requests, ensuring timely response, analysis, and resolution.

• Provides consultation and recommendations on compensation matters, including job matching, job leveling, market pricing, hiring offers, buyouts, guarantees, cash flow advances, and related compensation programs.

• Conducts compensation analyses utilizing internal data, market benchmarks, and established compensation methodologies to support decision-making.

• Prepares analyses, recommendations, and supporting materials for review by Compensation leadership and Senior Consultants.

• Partners with Talent Acquisition, HR Business Partners, managers, and employees to address compensation-related questions and requests.

• Administers and supports compensation programs, policies, processes, and governance activities, ensuring consistency and adherence to established guidelines.

• Supports annual compensation planning through reporting, analysis, modeling, testing, and process coordination.

• Maintains market data, benchmarking information, compensation structures, and related compensation tools and systems.

• Owns compensation knowledge management processes, including development and maintenance of documentation, FAQs, guidance materials, decision frameworks, and operating procedures to support consistency, scalability, and continuity across compensation activities.

• Maintains knowledge of compensation programs, policies, practices, and historical decisions to ensure consistent application of compensation guidelines.

• Identifies opportunities to improve compensation processes, reporting, workflows, and documentation to enhance operational effectiveness.

• Manages compensation projects and work assignments, coordinating activities, stakeholders, and timelines to ensure successful execution.

• Maintains knowledge of compensation regulations, market practices, and industry trends to support sound compensation recommendations.

WHAT WE ARE LOOKING FOR

• Bachelor’s degree in a related area.

• 5-6 years of experience in compensation, financial analysis or closely related analytical discipline.

• Strong understanding of compensation principles, including market pricing, job evaluation, compensation structures, and compensation administration.

• Strong analytical skills with the ability to interpret data and develop practical recommendations.

• Ability to manage multiple priorities and work independently with limited supervision.

• Strong written and verbal communication skills.

• Advanced proficiency with Excel and compensation-related analysis.

• Strong attention to detail, organization, and problem-solving skills.

• Ability to handle confidential information with discretion and professionalism.

PREFERRED SKILLS, QUALIFICATIONS & EXPERIENCE

• Knowledge of compensation regulations, job evaluation, and external benchmarking practices.

• Experience with compensation and HRIS tools (e.g., Workday, MarketPay).

• Experience providing consultative / center‑of‑expertise support (influencing without direct authority).

#LI-JN1

Base Salary Range: $88,000.00 - $126,000.00 This position is eligible for competitive incentive bonus. 

At MFS, we believe in fair and transparent compensation. For that reason, we’re including the salary range for this position. This range reflects our good-faith expectation for what we’ll pay depending on the candidate’s experience, training and education. In addition to the salary, we also offer significant and competitive incentive compensation based on both individual and company performance. Other components of our Total Rewards Package include:

• MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k) 

• Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider

• Education Assistance: Tuition reimbursement up to $8,000 annually 

• Education Assistance: Access to discounted tutors and college coaches

• Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves

• Choice of medical and dental plans and an and an employer contribution into the Health Savings Account

• Tax deferred commuter benefits & flexible spending accounts (medical & dependent care)

• Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps

Our compensation philosophy is to pay competitively for talent while ensuring equity across employees performing comparable work. We are committed to transparency – if you have questions about how we arrived at this range or what additional benefits and bonus opportunities come with the role, we’ll be happy to discuss them

#LI-HYBRID

At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others.

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email [email protected] for assistance. 

MFS is an Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Please see the Know Your Rights: Workplace Discrimination is Illegal document, linked for your reference.