Sr Compensation Analyst

Bioventus•Durham, NC

3d•Hybrid

About The Position

Are you ready to work for a more active world? At Bioventus, our business depends on developing our people. We invest in you and challenge you to be the best. We value our colleagues for their different perspectives and individual contributions, and our leaders listen. Our success rests on working together to achieve shared goals and rewards. Join a diverse team of global colleagues driven to help patients resume and enjoy active lives. We’re seeking a highly analytical and strategic Senior Compensation Analyst to lead compensation initiatives that support our mission of advancing scientific innovation and improving patient outcomes. This role blends deep compensation expertise with program management capabilities to design and deliver scalable, compliant, and market-aligned compensation programs across our global biotech and life sciences workforce — including R&D, clinical, regulatory and commercial functions. You’ll be instrumental in shaping our total rewards philosophy, ensuring our compensation programs attract top scientific talent, support retention and align with evolving industry benchmarks. Preferred candidate location will be based in Durham, NC, in a hybrid work arrangement but remote candidates will also be considered.

Requirements

Bachelor’s degree in Human Resources, Finance, Business or related field
5+ years of progressive experience in compensation analysis and program management, with at least 2 years in biotech, pharma, or life sciences
Advanced Microsoft skills (especially Excel) and proficiency with compensation tools (e.g., Radford, Workday, MarketPay)
Strong knowledge of compensation theory, job evaluation and market pricing methodologies
Proven ability to manage complex projects and influence cross-functional teams
Adaptable and comfortable shifting between high-level design, analytical and operational work, with a high degree of accuracy and attention to detail

Nice To Haves

CCP (Certified Compensation Professional) designation
Experience in high-growth or global organizations
Strong storytelling skills with data—able to translate insights into action
Experience managing compensation programs in a high-growth or regulated environment

Responsibilities

Conduct complex compensation analyses using internal and external benchmarking data
Develop salary structures, pay ranges and incentive models across job families and geographies
Manage the annual salary survey input and analysis; recommend corrective or alternative actions to resolve compensation-related problems as needed
Audit jobs for content, determine appropriate FLSA classification and assign internal salary grades
Partner with HR Business Partners and Talent Acquisition to advise on competitive pay practices
Lead annual compensation cycle (merit, bonus, equity), including budgeting, modeling, and communications
Prepare special studies and recommendations on subjects such as incentive compensation, bonus plans and sales compensation
Working with the Senior Manager Executive Compensation and Equity Programs, support existing and future recommendations for changes and/or enhancements to these programs
Ensure compliance with legal and regulatory requirements (FLSA, pay equity, etc.)
Act as a compensation subject matter expert (SME) for internal stakeholders, including HR Business Partners, Talent Acquisition, Legal and Finance
Other duties as assigned
Own end-to-end management of compensation-related programs (e.g., job architecture, career ladders, pay transparency, equity refresh cycles)
Develop and maintain project plans, timelines and stakeholder communications
Drive cross-functional initiatives with Finance, Legal and HRIS to enhance compensation systems and processes
Monitor program effectiveness and recommend improvements based on data insights and stakeholder feedback
Lead change management and communication efforts for new compensation policies across scientific and corporate teams
Maintain compensation policies, documentation and governance frameworks
Prepare executive-level dashboards and reports for senior leadership and board presentations
Support internal and external audits related to compensation practices (e.g., including SEC and proxy disclosures)
Stay ahead of market trends, legislative changes and emerging best practices, communicating findings, as needed, to the senior HR Management team
Monitor market trends in biotech compensation, including equity practices, retention strategies, and emerging pay transparency laws
Hold oneself and others accountable to conduct business in a manner compliant with Bioventus’ Code of Compliance and Ethics, policies and procedures and internal control applicable to their role