Senior 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
As a Senior Compensation Consultant, you will use your discretion and expertise to deliver advanced compensation analytics and strategic consultation that directly support MFS’s business and talent goals. This person will take ownership of complex compensation projects and initiatives, transforming data, policies, and market trends into clear, actionable recommendations that empower leaders to make informed decisions. Collaboration is key in this role, as you’ll work closely with Compensation leadership, HR, Finance, and other partners to ensure our compensation programs and practices remain effective, consistent, and fully aligned with MFS’s Compensation Philosophy.

WHAT YOU WILL DO

• Owns and leads complex compensation programs, processes, or functional capabilities (e.g., market data, governance, annual planning, partnering standards), operating independently within established frameworks.
• Applies deep compensation knowledge to evaluate issues, identify risks, and develop practical, value-added solutions aligned with MFS’s Compensation Philosophy.
• Leverages compensation analytics and external market data to assess competitiveness, internal equity, and program effectiveness.
• Interprets data and trends to develop insights, scenarios, and recommendations that inform compensation decisions and planning.
• Provides senior-level consultation to HR partners, Finance, and business stakeholders on compensation matters, including interpretation of guidelines and application of market data.
• Ensures compensation programs and processes are executed with appropriate controls, documentation, and governance to support consistency, auditability, and risk management.
• Continuously evaluates compensation processes, tools, and workflows to improve efficiency, quality, and scalability.
• Leads mid-to-large compensation projects, managing scope, timelines, dependencies, and stakeholder engagement.
• Works collaboratively across the Compensation team, sharing expertise and contributing to broader functional initiatives; may provide informal guidance to more junior team members.

WHAT WE ARE LOOKING FOR

• Bachelor’s degree in a related area.
• 6–8+ years of experience in compensation, financial analysis or closely related analytical discipline
• Strong analytical capability with experience using market data and analytics to inform recommendations and decisions.
• Ability to synthesize complex information into clear, actionable recommendations.
• Strong communication, organizational, and stakeholder-management skills.
• Advanced Excel skills, including building and maintaining complex models and analyses
• 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-HD1

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.