PSG Analyst - MDP Compensation Operations
PSG Analyst - MDP Compensation Operations

PSG Analyst - MDP Compensation Operations

Full-Time 42000 - 84000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support MDP compensation programs and manage evaluation processes with a focus on analysis and reporting.
  • Company: Join Boston Consulting Group, a leader in business strategy and transformation since 1963.
  • Benefits: Enjoy a collaborative work environment with opportunities for growth and professional development.
  • Why this job: Be part of a dynamic team that drives impactful change and enhances organisational success.
  • Qualifications: Bachelor's degree in finance or related field; 2-4 years of relevant experience required.
  • Other info: Work closely with global teams and engage in cross-functional initiatives.

The predicted salary is between 42000 - 84000 £ per year.

Locations: London Lisbon

Who We Are

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation-inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.

To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures-and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.

What You\’ll Do

You\’ll work on a team that provides a wide range of services to our Managing Directors & Partners (MDPs), manages our MDP compensation and equity programs, including overseeing the annual MDP evaluation process and reporting cycle. In addition, the group supports MDP \’life cycle\’ events (e.g., lateral hiring, promotions, departures, and transfers).

In this position, you will develop a deep understanding of the MDP compensation programs and work closely with other PSG teams and Finance functions including Tax, Treasury and Global Accounting. The work is challenging, very visible and requires strong analytical, organizational and problem-solving skills.

As a Compensation Operations Analyst on the PSG Compensation Operations team, you will support the delivery and administration of compensation programs for MDPs. Your responsibilities will include:

  • Assisting in the preparation and ongoing updates of complex MDP compensation models, including salary, bonus, and deferred compensation calculations.
  • Preparing, authorizing, and tracking MDP compensation payments in alignment with internal controls and timelines.
  • Reviewing Profit Sharing Retirement Fund (PSRF) calculations submitted by local finance teams and providing feedback based on global eligibility rules and knowledge of local programs.
  • Performing detailed analysis of current or historical compensation data to support recurring operations and decision-making.
  • Engaging with the PSG Product Portfolio team to continuously support and evolve with our business, contributing to requirements gathering, system testing (UAT), and process enhancements.
  • Documenting core processes and utilizing digital tools to design and implement automation or control improvements.
  • Preparing and reviewing annual MDP statements and communications, ensuring accuracy and clarity regarding awards and payment schedules
  • Collaborating with team members in PSG and the broader global finance organization on cross functional initiatives and ad hoc projects.

YOU\’RE GOOD AT

You are detail-oriented, rigorous about accuracy and take a critical eye toward the comprehensive process and completeness of work. You challenge the outcomes of your work and test your understanding of how you got there. You are organized, appreciate the importance of strong policies and procedures to maintain trust in the process and have sound judgment in navigating exceptions. You develop collaborative working relationships with those you interact with and ask questions to clarify your understanding. You seek to provide a high level of professional customer service and have excellent communication skills. Your curiosity leads you to exploring options and solving problems with automation and digital solutions.

Developing an understanding of the operation and function of the compensation process to navigate and suggest efficiencies is critical for success in the role. Critical thinking skills are key to navigating the most efficient ways to organize a process and collect data required to complete various responsibilities. Growth in the role will be measured by the synergies developed in performing the various processes and improvements you help to implement, including finding new or better ways to use existing tools.

You bring a positive attitude, look forward to learning from your peers and building relationships with others. You adapt to feedback and look to make improvements and add value for your customers.

What You\’ll Bring

  • Bachelor\’s degree in finance, accounting or a related field
  • 2-4+ years of relevant experience in areas such as accounting, audit, compensation, or financial operations-ideally within a global organization
  • Strong analytical mindset with a curiosity for solving problems
  • Effective communicator with the ability to present information clearly and professionally to stakeholders at various levels
  • Highly organized, detail-oriented, and capable of managing multiple priorities in a fast-paced environment
  • Proficient in MS Office tools, especially Outlook, Excel, Word, and PowerPoint
  • Experience with digital tools such as Microsoft Power Apps and Tableau is strongly preferred
  • Comfortable adapting to shifting priorities and working independently with minimal supervision
  • Demonstrated ability to handle sensitive personal data with confidentiality and discretion
  • Self-motivated and proactive, with the ability to identify issues, suggest improvements, and contribute to team success

Who You\’ll Work With

PSG is the function responsible for the leadership and operation of all aspects of evaluation, compensation, equity and HR for our MDP cohort. The PSG team is within the Global Services function. Global Services (GS) consists of a varied range of functions providing corporate support for BCG\’s business and strategic priorities, for example, Finance, Legal, HR, Marketing, IT, Risk, PSG and more. This diverse team of experts, operators and specialists represent all levels from MDP to entry level staff, operating across the globe in multiple countries. The role will be part of the PSG Compensation Operations team and will work closely with the PSG Equity Operations team and other sub-functions within PSG.

Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, disability, protected veteran status, or any other characteristic protected under national, provincial, or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.
BCG is an E – Verify Employer. Click here for more information on E-Verify.

PSG Analyst - MDP Compensation Operations employer: Boston Consulting Group

Boston Consulting Group is an exceptional employer that fosters a collaborative and inclusive work culture, empowering employees to tackle complex challenges while driving meaningful change. With a strong focus on professional development, BCG offers extensive growth opportunities and encourages innovation through the use of cutting-edge digital tools. Located in vibrant cities like London and Lisbon, employees benefit from a dynamic environment that promotes both personal and professional fulfilment.
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Contact Detail:

Boston Consulting Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land PSG Analyst - MDP Compensation Operations

✨Tip Number 1

Familiarise yourself with BCG's compensation structure and MDP programmes. Understanding the nuances of their compensation models will not only help you in interviews but also demonstrate your genuine interest in the role.

✨Tip Number 2

Network with current or former employees of BCG, especially those in PSG or compensation roles. They can provide valuable insights into the company culture and expectations, which can be a game-changer during your application process.

✨Tip Number 3

Brush up on your analytical skills and tools like Excel and Tableau. Being proficient in these tools is crucial for the role, and showcasing your ability to analyse data effectively can set you apart from other candidates.

✨Tip Number 4

Prepare to discuss specific examples of how you've improved processes or solved problems in previous roles. BCG values critical thinking and efficiency, so demonstrating your proactive approach will resonate well with interviewers.

We think you need these skills to ace PSG Analyst - MDP Compensation Operations

Analytical Skills
Attention to Detail
Problem-Solving Skills
Financial Modelling
Compensation Analysis
Data Analysis
Communication Skills
Organisational Skills
Proficiency in MS Office (Excel, PowerPoint, Word)
Experience with Digital Tools (e.g., Microsoft Power Apps, Tableau)
Confidentiality and Discretion
Critical Thinking
Customer Service Orientation
Adaptability

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the PSG Analyst position. Tailor your application to highlight how your skills and experiences align with the specific tasks mentioned in the job description.

Highlight Relevant Experience: In your CV and cover letter, emphasise your 2-4 years of relevant experience in finance, accounting, or compensation. Use specific examples that demonstrate your analytical mindset and problem-solving abilities, particularly in a global organisation.

Showcase Your Skills: Make sure to showcase your proficiency in MS Office tools, especially Excel, as well as any experience with digital tools like Microsoft Power Apps and Tableau. Mention how these skills have helped you in previous roles.

Craft a Strong Cover Letter: Write a compelling cover letter that not only summarises your qualifications but also conveys your enthusiasm for the role and the company. Discuss your curiosity for solving problems and your ability to work collaboratively, as these traits are highly valued in the PSG team.

How to prepare for a job interview at Boston Consulting Group

✨Understand the Compensation Landscape

Before your interview, make sure to research BCG's compensation programs and how they align with industry standards. Being knowledgeable about MDP compensation models will show your genuine interest in the role and help you engage in meaningful discussions.

✨Demonstrate Analytical Skills

Prepare to showcase your analytical mindset by discussing past experiences where you've solved complex problems or improved processes. Use specific examples that highlight your attention to detail and ability to navigate data effectively.

✨Communicate Clearly and Professionally

Since effective communication is key for this role, practice articulating your thoughts clearly. Be ready to present information in a structured manner, especially when discussing your previous work or how you would approach tasks in this position.

✨Show Your Collaborative Spirit

BCG values teamwork, so be prepared to discuss how you've successfully collaborated with others in the past. Highlight instances where you've built relationships, asked questions for clarity, and contributed to team success, as this will resonate well with the interviewers.

PSG Analyst - MDP Compensation Operations
Boston Consulting Group

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