Senior Compensation Partner

This is a fully remote position, open to applicants in New York.

📋 Description

• Offer expert consultation and guidance to management and Human Resources regarding pay matters, compensation policies, and practices.

• Design, develop, and provide guidance on base salary, incentive, equity, and merit pay programs.

• Oversee annual compensation planning, benchmarking, and market pricing initiatives.

• Perform job evaluations, internal equity assessments, and FLSA position classifications.

• Assist management and Human Resources in drafting job descriptions.

• Gather, cleanse, and analyze compensation data using advanced Excel techniques.

• Prepare analyses, reports, dashboards, narrative presentations, and visual presentations.

• Conduct annual evaluations of pay programs to ensure equity, competitiveness, and compliance with legal standards.

• Lead or provide advice on compensation policies, pay equity, compliance, and process automation projects.

• Manage variable-pay programs, including short-term incentives and sales bonus plans.

• Analyze market data and internal demographics to suggest market strategies, job architecture, and salary structures.

• Ensure accurate, audit-ready job and pay documentation is maintained.

• Develop and adhere to standard operating procedures (SOPs), enhance processes, and standardize templates.

• Execute ad-hoc and cross-functional projects that support business needs.

• Collaborate with HR Business Partners and managers on retention, recognition, organizational design, and compensation solutions.

⛳️ Requirements

• A Bachelor’s degree in Human Resources, Business, or a related field is required.

• At least 8 years of progressive experience in designing, administering, and maintaining compensation programs is required.

• Experience in the design, implementation, and communication of compensation programs is required.

• Familiarity with HRIS configurations and business processes is required.

• Proven experience in designing, launching, and maintaining job frameworks is required.

• Experience with Workday is strongly preferred.

• CCP and/or SHRM-CP certification is preferred.

• Experience with Sales Compensation is preferred.

• Background in pharmaceutical or biotech companies is preferred.

• Deep understanding of compensation programs and strategies.

• Knowledge and experience with FLSA and state and federal wage, hour, pay equity, and reporting compliance laws.

• Highly skilled in Excel, including pivot tables, lookups, and complex formulas.

• Proficiency in PowerPoint.

• Exceptional verbal and written communication skills.

• Strong presentation skills for training and informational sessions.

• Awareness of external labor market trends and best practices in total rewards.

• Ability to stay current with wage and hour practices and legislation.

• Capacity to manage confidential information with the highest level of integrity.

• Effective time management and organizational skills to juggle multiple projects and priorities.

• Capability to adapt to changing priorities in a fast-paced environment.

• Ability to coach, advise, and influence Compensation and HR partners.

• Skill in identifying and implementing process enhancements, including workflow automation and streamlining.

• Regular work schedule from Monday to Friday during standard business hours.

🏝️ Benefits

• Discretionary bonus.

• Equity award.

• Options for Medical, Dental, and Vision Plans.

• Health and Financial Wellness Programs.

• Employer Assistance Program (EAP).

• Company-paid and voluntary Life/AD&D insurance.

• Short-Term and Long-Term Disability coverage.

• Flexible Spending Accounts for Healthcare and Dependent Care.

• 401(k) Retirement Plan with Company Match.

• 529 Education Savings Program.

• Voluntary Legal Services.

• Identity Theft Protection.

• Pet Insurance.

• Employee Discounts, Rewards, and Perks.

• Paid Time Off (PTO), including 11 Holidays.

• Exempt Employees are eligible for Unlimited PTO.

• Non-Exempt Employees are eligible for 10 Vacation Days, 56 Hours of Health Pay, 2 Personal Days, and 1 Cultural Day.

• Flexible schedule within standard business hours with manager approval.

• Opportunities for professional development.

• Tools and resources to enhance Health and Wellness.