Executive Director, Total Rewards

1 day ago

Juneau, Alaska, United States Sumitomo Pharma Full time
Job Overview

The Executive Director, Total Rewards is responsible for developing and overseeing the execution of benefits and compensation strategies to ensure that programs align with business objectives and values, are market competitive, and positively impact the organization's ability to attract, reward, and retain top talent.

Key Responsibilities
  • Lead the design, implementation, and governance of competitive, integrated total reward strategies that attract key talent, reward high performance, are fiscally responsible, and support retention.
  • Ensure that the company's philosophy, strategy, and practice related to compensation and benefits are aligned to organizational values, strategy, and performance.
  • Oversee the provision of a full suite of compensation programs, including executive, broad-based, and incentive compensation programs, as well as job design, to support market-appropriate compensation packages that are competitive and compliant with relevant regulatory provisions.
  • Oversee the design, cost-benefit analysis, and administration of the benefits programs to ensure the company provides comprehensive, market-competitive, easy-to-use, and cost-effective benefits offerings.
  • Partner closely with Talent Acquisition and HR Business partners in the development of key frameworks, including promotion guidelines, career ladders, and leveling criteria/frameworks.
  • Work closely with the CHRO and our parent company's HR team to prepare materials for the quarterly Compensation Committee meetings.
  • Create and manage vendor relationships for total rewards programs, including the negotiation of services, with a focus on long-term value and cost.
  • Responsible for total rewards policies, guidelines, and procedures, ensuring strong governance and compliance with employment labor laws and regulations.
  • Work with the compensation team and other members of HR to create communication strategies for total rewards programs to foster employee understanding and appreciation of company total reward packages.
  • Cultivate strong service-oriented rapport with leaders and internal partners, based on a high level of collaboration and flexibility of thought to understand and achieve total rewards needs that align with business objectives.
  • Provide thought leadership and subject matter expertise in the field of total rewards.
  • Build and manage strong relations with professional networks, and leverage industry knowledge and research skills to identify key insights.
  • Oversee the preparation of the annual benefits, merit, long-term incentive, and bonus budget and periodic forecasts.
  • Drive thought leadership to address current and emerging compensation and benefits trends and challenges.
  • Foster a culture of continuous learning and team engagement through strong leadership capability.
  • Supervise the benefits and compensation team, which consists of six employees.
  • Provide guidance, feedback, and development for the compensation and benefits team to ensure we are growing our people.
  • Serve as a member of the HR Leadership Team.
  • Perform other duties as assigned.
Requirements
  • Ability to develop and successfully execute strategies at an organizational level.
  • Ability to think strategically and provide total rewards-related advice at an executive level.
  • Ability to collaborate effectively and build relationships with key stakeholders.
  • Capacity to make strategic decisions that have potential long-term positive impact.
  • Impeccable integrity, dependability, and a keen sense of urgency to achieve results.
  • Ability to adapt and quickly pivot according to business needs.
  • Ability to influence at all levels of the organization.
  • Ability to manage, develop, and motivate a diverse team.
  • Deep business acumen and understanding of how business strategy affects total rewards.
  • Strong analytical and conceptual capability, problem-solving, and business planning skills.
  • Ability to execute against multiple high-priority projects through exceptional organizational, prioritization, and time management skills.
  • Excellent written and oral communication skills.
  • Computer proficient. Word document and Excel proficient.
Education and Experience
  • MBA or Master's in a related field preferred.
  • 10+ years of progressive relevant total rewards experience, including design and implementation of total rewards programs.
  • Prior experience working with the Board's Compensation Committee's is required.
  • Prior experience managing compensation and benefits, including 401(k) and deferred non-qualified plans, required.
  • Lifesciences/bioscience industry experience required.
  • Pharmaceutical industry experience highly preferred.
  • Knowledge of benefits and compensation governance and compliance required.
  • Strong program or project management experience with large-scale, long-term projects required.
  • Experience collaborating with executive teams and senior management required.

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