Job Abstract

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Overview

AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

The Role

Reporting to the VP of Compensation & Benefits, the Senior Manager of Compensation manages the design, implementation, administration, maintenance, and reporting of our compensation programs, including executive compensation and equity. The position is based in Arlington, VA and we currently operate on a hybrid schedule. Responsibilities include, but are not limited to:

• Leads the design, implementation, and administration of all compensation programs, including base salary, bonus and stock compensation, ensuring internal equity and external competitiveness
• Reviews salary and total compensation ranges to ensure competitiveness with the external market
• Manages the annual year-end compensation planning process by working with various leaders to assist them with merit, bonus, and long-term incentives recommendations and compiling summary reports for the CEO and executive leadership
• Develops materials and supporting analysis for presentations to the Compensation Committee
• Prepares compensation discussion & analysis (CD&A) and the various compensation tables (including the pay versus performance table) in the annual proxy statement
• Prepares compensation analyses and guidance related to off-cycle compensation adjustments, promotions, new hires and severance calculations
• Oversees administration of Board of Director compensation including quarterly and annual retainers, dividend payments and tracking company holdings
• Assists with the review of Forms 3, 4, and 5 as well as partners with Financial Reporting to reconcile and confirm stock-based compensation disclosures in Forms 10-K and 10-Q
• Leads job architecture discussions with various leaders at the Company and helps with the implementation of job architecture at AvalonBay
• Assists with the design, communication and administration of the Employee Stock Purchase Plan
• Possess knowledge of FLSA regulations

The ideal candidate will be highly analytical, have strong attention to detail and is extremely self-motivated.  In addition, they will be process oriented with a focus on continuous improvement.

Requirements:

• A Bachelor’s Degree in related field plus at least eight years of compensation experience at a publicly traded company.  Certified Compensation Professional (CEP) or Certified Equity Professional (CEP) certifications preferred

• Possesses strong knowledge of executive and equity compensation plan design and administration
• Demonstrates analytical skills, high level of attention to detail, and quality assurance of work products
• Experience with Workday Compensation
• Effectively manages multiple priorities
• Commits to excellence in service and client relationship management
• Works independently as well as collaborates with HR colleagues, senior management, and business unit leaders

How AvalonBay Supports You

Additional Info

AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment.? We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.

AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.

For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)