Sumitomo Pharma America, Inc. · 21 hours ago
Executive Director, Total Rewards
US-Remote
Full-time
Onsite
Director/Executive
$235K/yr - $293K/yr
10+ years exp
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Responsibilities
Lead the design, implementation and governance of competitive, integrated total reward strategies which 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 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.
Oversee the partnership with Willis Towers Watson, our executive compensation advisor.
Leverage knowledge of market conditions and competitive talent landscape to design tailored strategies for compensation for key talent segments. Direct job analysis, evaluation, market pricing and salary survey initiatives openly and transparently.
Partner closely with Talent Acquisition and HR Business partners in the development of key frameworks, including – promotion guidelines, career ladders, levelling criteria/frameworks.
Partner closely with Talent Acquisition to ensure that the materials used for recruiting are competitive and align with our employee value proposition.
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 focus on long-term value and cost.
Responsible for total rewards policies, guidelines and procedures. Ensure 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. Collaborate with internal communications to implement communications.
Cultivate strong service-oriented rapport with leaders and internal partners, based on a high level of collaboration and flexibility of thought in order 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.
Leverage knowledge of market conditions and competitive talent landscape to design tailored strategies for compensation for key talent segments. Direct job analysis, evaluation, market pricing and salary survey initiatives openly and transparently.
Oversee the preparation of the annual benefits, merit, long-tern incentive, and bonus budget and periodic forecasts.
Drive thought leadership to address current and emerging compensation and benefits trends and challenges. Bring the outside-in view, guiding our decision- making process.
Foster a culture of continuous learning and team engagement through strong leadership capability.
Supervise the benefits and compensation team which consists of seven 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.
Qualification
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Required
Bachelor’s degree required
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 designing executive compensation plans required
Prior experience managing compensation and benefits including 401k and deferred non-qualified plans required
Lifesciences/bioscience industry experience required
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
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 is a must
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.
Preferred
MBA or Master’s in a related field
Pharmaceutical industry experience
Benefits
Merit-based salary increases
Short incentive plan participation
Eligibility for our 401(k) plan
Medical, dental, vision, life and disability insurances
Unlimited paid time off
11 paid holidays plus additional time off for a shut-down period during the last week of December
80 hours of paid sick time upon hire and each year thereafter
Company
Sumitomo Pharma America, Inc.
Sumitomo Pharma America (SMPA) is a science-based, technology-driven biopharmaceutical company focused on delivering therapeutic and scientific breakthroughs in areas of critical patient need in oncology, urology, women’s health, rare disease, cell and gene therapies and psychiatry and neurology.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Adele Gulfo
Chief Executive Officer, Biopharma Commercial
Myrtle Potter
President and Chief Executive Officer, Sumitomo Pharma America
Company data provided by crunchbase
