Senior Manager, Compensation and Benefits (FullTime)

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Senior Manager, Compensation and Benefits will be chartered with the design and development of compensation/benefits policies and programs that ensure employee attraction, retention and corporate goal-alignment in a cost-effective manner. He/she will serve as a principal thought leader on innovative reward schemes and also be responsible for ensuring a highly efficient day-to-day administration of all compensation and benefits programs. Will report to the Senior Director, Human Resources. Key relationships include the Executive team.

Summary

Major Responsibilities:

• Proactively anticipate strategic compensation issues brought about through changes in stock price, labor market fluctuations or new trends in executive compensation and recommend programs to address such issues.
• Recommend overall compensation and benefits philosophies for the organization and adopt a longer term planning horizon (2-3 years) for compensation and benefits planning.
• Direct the executive compensation programs, including bonus programs, stock option programs, executive perquisites and deferred compensation programs of the company to ensure that these are consistent with company strategies and goals, and that they are well communicated and uniformly practiced.
• Lead the salary and benefits administration activities and ensure that all compensation/benefits transactions are managed in a highly efficient manner. Also ensure that all compensation and benefits communications programs are proactive, easy to understand and are easily accessible to all employees.
• Monitor "hot topics" in the compensation field (e.g., option expensing, executive loan restrictions) and recommend proper policies.
• Provide timely and high-quality information to senior executives on compensation trends and issues. Provide recommendations to senior management on compensation policies, programs and practices that add value to the efforts to attract and retain employees.
• Aggressively exploit the use of information technologies to deliver improved services, and management and planning information.
• Monitor legal, cost and competitive aspects of benefits, and recommend changes in benefits plans as appropriate.

Qualifications

• A minimum of five years of management level responsibility in in the pharmaceutical/biotechnology industry providing executive and non-executive compensation and benefits program design and implementation. Experience in a fast-paced environment is a must and experience in a start-up organization highly desirable.
• In-depth technical expertise on the various nuances of executive compensation and its components. A strong understanding of the relationship between compensation and achieving business objectives, and the motivation and retention of employees.
• Demonstrated track record of success implementing innovative compensation systems, as well as efficient operation of compensation delivery systems throughout an organization.
• Must bring a depth of technical and analytical expertise to the role. The expectation is that this individual will provide strong technical leadership to the function.
• Experience using Radford Survey for Biotechnology for benchmarking.