Executive Director, Total Rewards

Dainippon Sumitomo Pharma • Saint Paul, MN

389d • $234,700 - $293,400

About The Position

The Executive Director, Total Rewards is responsible for developing and overseeing the execution of benefits and compensation strategies that align with business objectives and values. This role involves leading a team to ensure competitive and compliant compensation and benefits programs, collaborating with various internal and external partners, and ensuring compliance with legal and regulatory requirements.

Requirements

• Bachelor's degree required.
• MBA or Master's in a related field preferred.
• 10+ years of progressive relevant total rewards experience.
• Prior experience working with the Board's Compensation Committee.
• Experience designing executive compensation plans.
• Experience managing compensation and benefits including 401k and deferred non-qualified plans.
• 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 projects required.

Nice To Haves

• Experience collaborating with executive teams and senior management.

Responsibilities

• Lead the design, implementation and governance of competitive, integrated total reward strategies.
• Ensure alignment of the company's compensation and benefits philosophy with organizational values and performance.
• Oversee the provision of a full suite of compensation programs including executive, broad-based, and incentive compensation programs.
• Manage the design, cost-benefit analysis, and administration of benefits programs.
• Partner with external compensation advisors to enhance compensation strategies.
• Collaborate with Talent Acquisition and HR Business partners to develop frameworks for promotions and career ladders.
• Create and manage vendor relationships for total rewards programs.
• Ensure compliance with employment labor laws and regulations regarding total rewards policies.
• Develop communication strategies for total rewards programs to enhance employee understanding.
• Provide thought leadership and subject matter expertise in total rewards.
• Supervise the benefits and compensation team and provide guidance for their development.

Benefits

• 401(k) plan participation
• Medical, dental, vision, life and disability insurances
• Unlimited paid time off
• 11 paid holidays plus additional time off during the last week of December
• 80 hours of paid sick time upon hire and each year thereafter

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: Bachelor's degree