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LM
Lockheed Martin Corporation
Compensation Sr Mgr - L6
Career Insights for Compensation / Benefits Manager
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Based on Maryland data
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What they do
A Compensation or Benefits Manager manages compensation and benefits systems and records for an organization or company. Determines pay structure and job classifications for company employees. Supervises payroll, accounting of employee benefits, and payout of benefits such as pensions or disability insurance.
$101,514 / year median in Maryland
+6% projected growth
Job Description
Compensation Sr Mgr - L6 Lockheed Martin Corporation - 4.0 Bethesda, MD Job Details Full-time $121,400 - $313,200 a year 15 hours ago Benefits Stock options Paid holidays Disability insurance Health insurance Dental insurance Flexible spending account Paid time off Parental leave Employee assistance program Vision insurance 401(k) matching Life insurance Qualifications Equity management International tax Internal controls Data modeling Payroll deduction management Customer service SAP Writing skills Securities & Exchange Commission SEC reporting SOX Securities law compliance support experience HR systems Securities law Stock administration Pivot tables Cross-functional collaboration Legal compliance Cross-functional communication Excel data analysis Full Job Description Standard Job Description Role Overview The Stock Plan Administrator leads the end‑to‑end management of Lockheed Martin's global equity compensation programs, including PSU, RSU, and LTI Cash awards. This role collaborates with key internal stakeholders (HR, Legal, Finance, Payroll, Global Mobility) and external vendors to ensure accurate award processing, tax compliance, regulatory reporting, and employee education. Key Duties Execute the end-to-end administration of all global equity and long-term incentive (LTI) programs, including grant issuance, communication, retirement eligibility events, vesting events, and cash payouts Calculate and process equity transactions with high accuracy, ensuring proper global tax withholding, trailing liability tracking for mobile employees, and timely reporting to local payrolls and Legal. Prepare equity data for the Proxy, e.g., Grants of Plan Based Awards Table and Footnotes, Outstanding Equity Awards Table, Stock Vested Table, Payments Upon Termination Table and Footnotes, and PVP Table. Enforce and maintain SOX controls, ensuring data integrity and compliance with internal equity policies. Manage equity management platforms, perform cross-system data reconciliations, and generate reporting to support ASC 718 financial accounting and internal/external audits. Serve as the primary subject matter expert for employee equity inquiries, designing and delivering clear educational materials regarding plan mechanics, vesting, and tax implications. Partner strategically with HR, Legal, Accounting, Payroll, and Global Mobility to implement policy enhancements, execute mobile employee tax tracking, and streamline transaction workflows Identify, design, and deploy process improvements and automation tools to increase operational efficiency, reduce scaling risks, and eliminate manual data entry. Leads the development, implementation, and administration of compensation and incentive plan policies, procedures, practices, and programs. Responsible for subordinate employee recruitment, development, performance assessment, work assignments, compensation, recognition, and disciplinary actions. Provides guidance and makes recommendations to line managers and generalists on all compensation issues; and interprets local, state, and federal laws regulating compensation practices. May be responsible for executive compensation, HRIS functions, incentive plans and stock option administration. Communicates or oversees communication of compensation philosophy, plans, and incentives programs to all employees. Basic Qualifications Required Qualifications 5+ years of experience administering complex equity and incentive vehicles (RSUs, PSUs, LTI Cash, and Dividend Equivalents) within a large, publicly traded corporation. Strong working knowledge of SEC rules, U.S. federal/state tax regulations, and internal SOX controls for equity compensation; experience managing international tax compliance and mobile employee tracking is highly preferred. Proven proficiency with enterprise equity management platforms; specifically, Morgan Stanley at Work ShareWorks, SAP, and advanced Excel (XLOOKUP, PivotTables, data modeling). Exceptional analytical, problem-solving, and organizational skills, with a proven track record of maintaining strict data confidentiality and detail accuracy. Ability to thrive in a high volume, deadline driven corporate environment while managing multiple competing priorities with flawless execution. Excellent verbal, written, and interpersonal communication skills with a strong customer-service orientation to assist plan participants at all levels. Collaborative mindset with a proven ability to build strong cross-functional partnerships across HR, Legal, Finance, Payroll, and Global Mobility. Desired Skills Preferred Qualifications Bachelor's degree in Finance, Accounting, or a related discipline. Certified Equity Professional (CEP Level 3) designation or actively pursuing certification, strongly preferred. Working knowledge of ASC 718 accounting principles and their impact on equity compensation and the corporation's financial statements. Experience with global mobility equity compliance and familiarity with other international securities regulations. Experience using AI writing assistants to accelerate drafting, brainstorming, or summarizing tasks. Experience participating in equity system implementation, data migration, or advanced reporting automation projects.