Associate Director, Total Rewards

Role Summary

The Associate Director, Total Rewards plays a pivotal role in designing, implementing, and managing comprehensive compensation and benefits programs that align with the organization's strategic objectives within the pharmaceutical industry. This position is responsible for ensuring competitive and equitable total rewards offerings that attract, motivate, and retain top talent while maintaining compliance with regulatory requirements. This role involves collaborating closely with senior leadership, HR partners, and external vendors to develop innovative reward strategies that support business growth and employee engagement. The Associate Director will analyze market trends, conduct benchmarking studies, and leverage data analytics to continuously enhance the total rewards framework. Ultimately, this position drives the creation of a compelling employee value proposition through effective total rewards management that supports organizational success and workforce satisfaction.

Responsibilities

• Develop, implement, and oversee compensation structures, incentive plans, engagement and retention programs that align with organizational goals and industry best practices.
• Lead market analysis and benchmarking efforts to ensure competitive positioning of total rewards offerings within the pharmaceutical sector to attract top talent and retain existing employees.
• Analyze total rewards data and prepare reports to inform decision-making and communicate program effectiveness to stakeholders.
• Ensure that the organization‚Äôs compensation and benefits programs are aligned with the company‚Äôs culture and values, contributing to employee satisfaction and engagement.
• Ensure that the total rewards programs comply with all relevant laws, regulations, and company policies.
• Drive continuous improvement initiatives by evaluating program outcomes and recommending enhancements to total rewards policies and practices.
• Manage relationships with external vendors and consultants to optimize benefits administration and compensation consulting services.
• Provide guidance and training to all leadership levels on total rewards programs and policies.
• Effectively communicate with employees to ensure they understand the value of their total rewards package.

Qualifications

• Required: Design and manage competitive compensation and benefits programs by applying analytical and strategic thinking to market data and organizational needs.
• Required: Strong communication skills are essential for collaborating with leadership and HR partners to align total rewards strategies with business objectives and to effectively present findings and recommendations.
• Required: Proficiency in regulatory knowledge ensures compliance and risk mitigation in program administration.
• Preferred: Professional certification such as Certified Compensation Professional (CCP), Certified Employee Benefits Specialist (CEBS), or other Compensation & Benefits program(s).
• Preferred: Familiarity with HRIS and total rewards technology platforms.
• Preferred: Strong project management skills, with the ability to lead cross-functional teams and prioritize competing demands.
• Preferred: Demonstrated leadership experience managing total rewards projects from inception to completion.

Education

• Bachelor‚Äôs degree in Human Resources, Business Administration, or a related field; advanced degree preferred.
• 10+ years of progressive experience in compensation and benefits, with at least 5 years of experience in a leadership role.
• Strong knowledge of compensation structures, standard and fringe benefits administration, and regulatory compliance.
• Proven experience with market benchmarking, data analysis, total rewards strategy development, and equity compensation plans.
• Advanced proficiency in the use of compensation and benefits software and tools.