Overview

Job Location:
US-VA Richmond

Director, Compensation

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Job Description

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CoStar Group Company Intro: 

CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces.  Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world’s real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.  

We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our customers.  We’ve continually refined, transformed and perfected our approach to our business, creating a language that has become standard in our industry, for our customers, and even our competitors.  We continue that effort today and are always working to improve and drive innovation.  This is how we deliver for our customers, our employees, and investors.  By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.  

 

Role Description: CoStar Group is currently seeking a Director, Compensation in our Richmond, VA office to support the ongoing design and execution of the company’s global compensation programs. 

Reporting to the VP, Total Rewards, the Director, Compensation will contribute to all aspects of planning, development, implementation and execution of CoStar’s  compensation programs. This role offers tremendous growth, career progression and exposure to company leadership. 

An ideal candidate will strike a balance in how they work. They should be structured and analytical in their approach yet able to navigate changing business priorities and thrive in a fast-paced agile environment. They need to enjoy analyzing large data sets to tease out meaningful info and excel at presenting findings to business partners and company leaders in a close partnership. 

Responsibilities: 

  • Partner with business leaders, HRBPs, and Talent Acquisition to advise on company's compensation philosophy and strategy to accelerate company's goals 

  • Administer the annual merit and bonus process, including developing/updating global budgets, guidelines, and tools; preparing communication materials and reports; and analyzing and counseling HR business partners and management on recommendations 

  • Manage a small team of Compensation Analysts 

  • Own the management of the company's various bonus and compensation plans 

  • Manage the relationships with our market data providers, including the submission of our internal data and the integration of the external market data into our HRIS 

  • Influence the accuracy and effectiveness of the bonus accrual and forecast process 

  • Ensure effective communication/promotion of the company's compensation programs and practices to HR, Finance, management, employees & candidates 

  • Proactively support team members across HR and look for opportunities to improve processes, policies, and service levels 

Basic Qualifications: 

  • Bachelor's degree from an accredited, not-for-profit University or College. 

  • A track record of commitment to prior employers. 

  • 8 + years of compensation experience with a history of increasing responsibility in a dynamic environment 

  • 3+ years of management experience within a Compensation or Human Resources team 

  • Experience in designing and managing sales compensation plans 

  • Advanced proficiency in Excel and PowerPoint required 

  • Strong financial modeling and analysis skills 

  • Proactive team member with strong customer service orientation, excellent attention to detail and follow through. Ability to handle confidential employee information with discretion and exercise good judgment 

  • Excellent analytical, organizational and project management skills. Ability to manage end-to-end processes 

  • Strong interpersonal and written/verbal communication skills with the ability to interact with all levels within the organization including executives 

  • Strong working knowledge of current compensation practices and trends 

PREFERRED QUALIFCATIONS AND SKILLS  

  • Master’s degree 

  • Experience with Workday and external benchmarking tools such as Radford (Aon Hewitt) and Willis Towers Watson 

  • CSCP designation is preferred 

What’s in it for you?  

When you join CoStar Group, you’ll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed.  

We offer you generous compensation and performance-based incentives. CoStar Group also invests in your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.  

Our benefits package includes (but is not limited to):  

  • Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug  

  • Life, legal, and supplementary insurance  

  • Virtual and in person mental health counseling services for individuals and family  

  • Commuter and parking benefits  

  • 401(K) retirement plan with matching contributions  

  • Employee stock purchase plan  

  • Paid time off  

  • Tuition reimbursement  

  • On-site fitness center and/or reimbursed fitness center membership costs (location dependent) 

  • Access to CoStar Group’s Diversity, Equity, & Inclusion Employee Resource Groups  

  • Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks  

 

 

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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing