Compensation Associate
About Millennium
Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors.
Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.
Meet the Team
The Human Resources department at Millennium covers the full spectrum of HR disciplines. Through high-touch, impactful solutions, the team helps optimize organizational performance and foster a strong working environment and culture that attracts, engages and retains top talent. The Compensation Operations Associate at Millennium will assist in the development and implementation of our compensation philosophy, policies, and practices around the world, supporting our best efforts to attract and retain the best talent available. This function requires liaising with other departments such as Finance, Legal, and Tax and will also involve providing support to other HR functions. A successful candidate will have a strong interest in compensation/analytics within Human Resources. They will be hired to support the Compensation, Benefits & HR Services team in a variety of areas; particularly focused on the year-end compensation process administration.
What You'll Do
Support the global year-end compensation process, including system preparation, testing, training, communications, and analytical reporting
Assist with compensation planning activities, including cost modeling, budget-to-compensation comparisons, and preparation of reports and analysis
Review and reconcile compensation data to ensure accuracy and completeness across HR systems
Support compensation system configuration and administration, including user acceptance testing, data audits, and end-user support
Administer the global deferred compensation program, including grants, balance tracking, forfeitures, distributions, and statements
Serve as a resource for employees on compensation-related matters, providing clear and timely support
Partner with internal stakeholders across HR and other functions to support compensation operations and related processes
Contribute to special projects and broader team initiatives as needed
What You Bring
Bachelor’s degree in an analytical field such as Finance, Accounting, Mathematics, or a related HR discipline
5 to 7 years of experience in a compensation function preferred
Strong analytical and structured problem-solving skills, with close attention to detail and data accuracy
Advanced Excel skills, including pivot tables, lookup functions, countifs/sumifs, complex formulas, and charting
Strong written and verbal communication skills, with the ability to tailor messages effectively to different audiences
Sound judgment, discretion, and integrity in handling sensitive and confidential information
Experience with Workday HRIS is a plus
Experience using AI tools is a plus
Salary Range
Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $70,000 to $160,000, which is specific to New York City and may change in the future. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.
