Sr. Director, Executive Compensation

Fortrea•Durham, NC

About The Position

The Sr. Director, Executive Compensation will own the strategy, design, and implementation of executive compensation programs, including base pay, short-term incentive programs, long-term incentive structures. This position is responsible for the design and implementation of compensation programs for the top executives, the Board of Directors, and all short- and long-term incentive participants globally. Acts as a subject matter expert with Business Leaders, HR Business Partners, Finance, Legal and consulting partners across multiple teams.

Requirements

Expertise in the design and administration of incentive compensation programs including short- and long-term as well as equity programs.
Managing multiple projects with competing demands in a fast-paced, changing environment.
Outstanding written and verbal communications skills.
Concisely summarizing complex topics for senior leaders.
Communicating with individuals at all levels of the organization and maintaining professional composure.
Respectfully questioning or challenging the status quo or other proposals under consideration.
Excellent analytical, critical thinking and problem-solving skills.
Systematically breaking down complex problems into component parts.
Creating and delivering high quality work with attention to detail.
Strong business and financial acumen.
Partnering with other groups including the Board of Directors/Compensation Committee, HR, Finance, Tax and Legal departments.
Quickly building relationships, gaining credibility, and partnering with leaders across the organization.
Influencing outcomes when others are directly accountable.
Experience using compensation and HR Systems (Workday, Fidelity, Willis Towers Watson, Equilar, Diligent, ServiceNow etc.).
Knowledge of federal and state regulations as well as legislation that impacts executive total rewards programs.
Bachelor’s Degree.
Minimum of 8 years of functional experience in designing and managing executive and equity compensation programs on a global basis with a publicly traded organization.
Minimum of 3 years of people management experience.

Nice To Haves

Fortrea may consider relevant and equivalent experience in lieu of educational requirements.

Responsibilities

Provide technical expertise on executive compensation strategy, design, policies, procedures, regulations, and compliance.
Lead, influence, and collaborate with HR and business partners to shape our executive compensation programs to drive long-term sustainable growth.
Prepare and coordinates agenda, materials, and planning for presentations to the CEO, CHRO, and the Compensation Committee of the Board of Directors.
Collaborate with Legal, Accounting, Tax, Audit, regional Total Rewards, and the Compensation Committee’s independent consultant.
Manage year-end, new hire, and separation-related compensation processes administration for senior executives including benchmarking compensation levels with peer organizations.
Prepare the Compensation Discussion and Analysis and compensation tables for the proxy statement and analyses related to other public filings in partnership with internal and external partners.
Manage the stock administration and nonqualified deferred compensation programs as well as the vendor relationship with Fidelity.
Monitor developments in executive compensation regulations such as ISS and Glass Lewis, disclosure, and shareholder voting.
Develop communications to ensure plan participants understand programs.
Conduct due diligence for mergers and acquisitions or other corporate transactions.
Manage a team of 2 resources focused on equity administration and executive compensation.
Assist the compensation and sales teams in other analyses, calculations, year-end planning and projects as needed.
All other duties as needed or assigned.