Executive Director, Total Rewards

Sumitomo Pharma Co., Ltd. is a global pharmaceutical company based in Japan with key operations in the U.S. (Sumitomo Pharma America, Inc.), Canada (Sumitomo Pharma Canada, Inc.) and Europe (Sumitomo Pharma Switzerland GmbH) focused on addressing patient needs in oncology, urology, women's health, rare diseases, psychiatry & neurology, and cell & gene therapies.

Job Overview

The Executive Director, Total Rewards is responsible for developing and overseeing the execution of benefits and compensation strategies to ensure that programs align with business objectives and values, are market competitive, and positively impact the organization’s ability to attract, reward, and retain top talent.

Job Duties and Responsibilities

1. Lead the design, implementation and governance of competitive, integrated total reward strategies which attract key talent, reward high performance, are fiscally responsible, and support retention.
2. Ensure that the company’s philosophy, strategy and practice related to compensation, and benefits are aligned to organizational values, strategy and performance.
3. Oversee the provision of a full suite of compensation programs including executive, broad based and incentive compensation programs, as well as job design.
4. Oversee design, cost-benefit analysis, and administration of the benefits programs.
5. Oversee the partnership with Willis Towers Watson, our executive compensation advisor.
6. Leverage knowledge of market conditions and competitive talent landscape to design tailored strategies for compensation for key talent segments.
7. Partner closely with Talent Acquisition and HR Business partners in the development of key frameworks.
8. Work closely with the CHRO and our parent company’s HR team to prepare materials for the quarterly Compensation Committee meetings.
9. Create and manage vendor relationships for total rewards programs.
10. Responsible for total rewards policies, guidelines and procedures.
11. Work with the compensation team and other members of HR to create communication strategies for total rewards programs.
12. Cultivate strong service-oriented rapport with leaders and internal partners.
13. Provide thought leadership and subject matter expertise in the field of total rewards.
14. Oversee the preparation of the annual benefits, merit, long-term incentive, and bonus budget.
15. Drive thought leadership to address current and emerging compensation and benefits trends and challenges.
16. Supervise the benefits and compensation team which consists of seven employees.
17. Provide guidance, feedback, and development for the compensation and benefits team.

Key Core Competencies

1. Ability to develop and successfully execute strategies at an organizational level.
2. Ability to think strategically and provide total rewards-related advice at an executive level.
3. Ability to collaborate effectively and build relationships with key stakeholders.
4. Capacity to make strategic decisions that have potential long-term positive impact.
5. Impeccable integrity, dependability, and a keen sense of urgency to achieve results.
6. Ability to adapt and quickly pivot according to business needs.
7. Ability to influence at all levels of the organization.
8. Ability to manage, develop, and motivate a diverse team.
9. Strong analytical and conceptual capability, problem solving, and business planning skills.

Education and Experience

1. MBA or Master’s in a related field preferred.
2. 10+ years of progressive relevant total rewards experience.
3. Prior experience working with the Board’s Compensation Committee required.
4. Prior experience managing compensation and benefits including 401k and deferred non-qualified plans required.
5. Lifesciences/bioscience industry experience required.
6. Pharmaceutical industry experience highly preferred.

The base salary range for this role is $234,700 to $293,400. Total compensation will depend on elements unique to each candidate, including experience, skills, and education.

Sumitomo Pharma America (SMPA) is an Equal Employment Opportunity (EEO) and Affirmative Action employer committed to a culturally diverse workforce.

#J-18808-Ljbffr