Summit Therapeutics Sub, Inc.
Senior Manager, Total Rewards
Summit Therapeutics Sub, Inc., Miami, Florida, us, 33222
Overview of Role:
The Senior Manager of Total Rewards will report to the Vice President of Human Resources and will be responsible for supporting a comprehensive total rewards strategy that aligns employee rewards with business priorities and objectives. The Senior Manager will evaluate the company’s total reward offering to ensure competitive and attractive benefit programs and compensation strategies that support business goals.
Role and Responsibilities:
In partnership with the VP of HR, the Sr. Manager will manage the development, implementation and administration of global compensation and benefit programs.
Monitors the effectiveness of existing compensation practices and benefit offerings. Recommends changes that are cost-effective and consistent with trends, supportive of corporate objectives, and attractive to employees.
Supports and maintains compensation structures, ensuring competitiveness with market trends.
Manages and administers the annual compensation planning process, to include merit, bonus and equity plan administration.
Suggests creative solutions to specific compensation and benefit programs and incentive plans.
Helps evaluate and renew benefit plans annually.
Manages the entire open enrollment process, coordinating with vendors to ensure effective employee communication.
Leverages technology and oversees interface file feeds, partnering with IT and external vendors to ensure employee information is transferred accurately.
Reconciles monthly benefit invoices.
Manages the 401(k) plan and supports the 401(k) committee.
Manages the Family Medical Leave process, to ensure compliance, employee communication and appropriate leave tracking.
Helps develop benefit policies, to include, but not limited to, tuition reimbursement, PTO policies and leave policies.
Participates in annual salary surveys and monitors salary survey data to ensure corporate compensation objectives are achieved.
Implements and administers benefits programs designed to ensure employees against loss of income due to illness, injury, or retirement.
Prepares and presents employee education of benefits programs such as insurance plans, 401(k), life and special employer-sponsored plans.
Ensures compliance with federal, state, government, and local compensation and benefit laws and regulations, including benefit audits and 5500 filings.
All other duties as assigned.
Experience, Education and Specialized Knowledge and Skills:
Bachelor’s degree in human resources, Business Administration, or related field preferred.
Minimum of 6+ years of experience in Total Rewards specifically compensation and benefits roles with growth progression.
US benefit and compensation expertise required.
OUS Benefit and compensation experience a plus.
Strong understanding of benefit and leave laws throughout the United States.
Experience with change initiatives, process improvement and or simplification initiatives.
Solid understanding of HR processes, data management and their impact on HR systems.
Experience with AON Radford and salary grade structures.
Demonstrated understanding of how to evaluate, design, implement, and administer health benefits, retirement plans, leaves of absence, accommodations, worker compensation and wellness programs through the U.S. and globally.
Ability to build relationships with internal and external stakeholders.
Excellent interpersonal skills and deep ability to understand what motivates others.
Exceptional organization skills, attention to detail, and ability to prioritize actions.
Proven track record of developing, managing, and evaluating various components of incentive plans.
Strong leadership skills.
This position will be hybrid at our Miami, FL office.
The pay range for this role is $140,000-$155,000 annually. Actual compensation packages are based on several factors that are unique to each candidate, including but not limited to skill set, depth of experience, certifications, and specific work location. This may be different in other locations due to differences in the cost of labor. The total compensation package for this position may also include bonus, stock, benefits and/or other applicable variable compensation. The successful candidate will also be eligible for health benefits, 401(k) with 6% employer match from day one, ESPP with up to a 15% discount up to the federal limit, flexible spending account among other benefits.
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The Senior Manager of Total Rewards will report to the Vice President of Human Resources and will be responsible for supporting a comprehensive total rewards strategy that aligns employee rewards with business priorities and objectives. The Senior Manager will evaluate the company’s total reward offering to ensure competitive and attractive benefit programs and compensation strategies that support business goals.
Role and Responsibilities:
In partnership with the VP of HR, the Sr. Manager will manage the development, implementation and administration of global compensation and benefit programs.
Monitors the effectiveness of existing compensation practices and benefit offerings. Recommends changes that are cost-effective and consistent with trends, supportive of corporate objectives, and attractive to employees.
Supports and maintains compensation structures, ensuring competitiveness with market trends.
Manages and administers the annual compensation planning process, to include merit, bonus and equity plan administration.
Suggests creative solutions to specific compensation and benefit programs and incentive plans.
Helps evaluate and renew benefit plans annually.
Manages the entire open enrollment process, coordinating with vendors to ensure effective employee communication.
Leverages technology and oversees interface file feeds, partnering with IT and external vendors to ensure employee information is transferred accurately.
Reconciles monthly benefit invoices.
Manages the 401(k) plan and supports the 401(k) committee.
Manages the Family Medical Leave process, to ensure compliance, employee communication and appropriate leave tracking.
Helps develop benefit policies, to include, but not limited to, tuition reimbursement, PTO policies and leave policies.
Participates in annual salary surveys and monitors salary survey data to ensure corporate compensation objectives are achieved.
Implements and administers benefits programs designed to ensure employees against loss of income due to illness, injury, or retirement.
Prepares and presents employee education of benefits programs such as insurance plans, 401(k), life and special employer-sponsored plans.
Ensures compliance with federal, state, government, and local compensation and benefit laws and regulations, including benefit audits and 5500 filings.
All other duties as assigned.
Experience, Education and Specialized Knowledge and Skills:
Bachelor’s degree in human resources, Business Administration, or related field preferred.
Minimum of 6+ years of experience in Total Rewards specifically compensation and benefits roles with growth progression.
US benefit and compensation expertise required.
OUS Benefit and compensation experience a plus.
Strong understanding of benefit and leave laws throughout the United States.
Experience with change initiatives, process improvement and or simplification initiatives.
Solid understanding of HR processes, data management and their impact on HR systems.
Experience with AON Radford and salary grade structures.
Demonstrated understanding of how to evaluate, design, implement, and administer health benefits, retirement plans, leaves of absence, accommodations, worker compensation and wellness programs through the U.S. and globally.
Ability to build relationships with internal and external stakeholders.
Excellent interpersonal skills and deep ability to understand what motivates others.
Exceptional organization skills, attention to detail, and ability to prioritize actions.
Proven track record of developing, managing, and evaluating various components of incentive plans.
Strong leadership skills.
This position will be hybrid at our Miami, FL office.
The pay range for this role is $140,000-$155,000 annually. Actual compensation packages are based on several factors that are unique to each candidate, including but not limited to skill set, depth of experience, certifications, and specific work location. This may be different in other locations due to differences in the cost of labor. The total compensation package for this position may also include bonus, stock, benefits and/or other applicable variable compensation. The successful candidate will also be eligible for health benefits, 401(k) with 6% employer match from day one, ESPP with up to a 15% discount up to the federal limit, flexible spending account among other benefits.
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