Compensation Manager

Nitto Denko Corp.•Milford, MA

1d•$120,000 - $148,000

About The Position

Avecia's Compensation Manager is responsible for designing fair and effective compensation and rewards policies and practices that adhere to all relevant legislation. They lead and manage annual processes related to compensation planning and bonus administration. Additionally, they collaborate across the HR team to drive consistency in our job architecture, compensation philosophy, and incentive programs.

Requirements

Bachelor’s Degree in Human Resources, Business Administration, or a related field required
Minimum of 7-10 years relevant experience
Experience with SAP Success Factors
Understanding of Korn Ferry Hay Grade job evaluation model
Familiarity with salary benchmarking resources like Radford
Deep knowledge of compensation design, market analysis, and job architecture
Strong analytical skills with the ability to interpret complex compensation data and communicate actionable insights
Excellent verbal and written communication skills
Ability to effectively interact with all levels within the organization

Nice To Haves

Experience in the pharmaceutical or biotech industry preferred
HR certifications desirable

Responsibilities

Lead the creation and implementation of a unified job architecture. Align leveling and career frameworks across the business to support workforce scaling and organizational clarity
Design and operationalize salary structures. Utilize data-driven insights and Radford/Aon methodology to ensure competitive positioning in disparate and hyper-competitive pharmaceutical talent markets
Own the end-to-end engineering of Incentive Programs. This includes the design, financial modeling, and communication strategy for Company Bonus and Sales Incentive Plans (in partnership with Business Development)
Conduct ongoing salary market analysis and recommending salaries for offers, promotions, and general administrative adjustments as necessary
Prepare reports and documentation in support of the bi-annual promotion review process
Oversee annual performance review, merit planning and bonus payout processes
Manage HR compensation and performance modules (Success Factors) in support of annual processes
Collaborate with HR and business leaders to provide expert guidance on compensation strategies aligned with Madrigal’s talent and business objectives
Serve as a trusted advisor to HR leadership, providing data-driven insights to support organizational decisions on pay structures, promotions, and workforce planning
Ensure all compensation programs comply with applicable laws, regulations, and internal governance standards
Partner with the HR Business Partner community to educate managers and employees on compensation principles, helping build understanding and trust around our pay practices
Additional responsibilities as required