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CAREER OPENINGS


Associate Director, Compensation & Benefits

ID: 1616
Department: TT&C - General
Location: Cambridge Headquarters
# of Openings: 1

Description

Position description:

The AD, Compensation & Benefits develops compensation, benefits, immigration and relocation programs in order to attract and retain top talent, while preparing for future workforce trends. Expectations for this role include the ability to manage through transition, focus on the long term vision and align compensation and benefit programs to incentivize and retain employees through a period of change.   In addition, this person plans and manages the day-to-day operations related to these programs to ensure accurate and timely processing of all HR transactions. This person is a key member of the Talent, Team and Culture department and serves as a primary point of contact for the Compensation Committee.  The AD, Compensation & Benefits evaluates potential areas of concern and develops solutions, while ensuring company compliance with applicable federal and state laws.

 

Responsibilities:

  • Implements and further develops market-based and culturally-aligned compensation programs based upon company growth. Reviews salary ranges on an annual basis using market data, internal pay and equity, and appropriate practices to analyze Ironwood’s compensation position in the marketplace.

  • Leads the annual salary review process, recommends merit and promotion budgets and annual equity incentives.  Administers annual cash incentive plans.

  • Plans, prepares and presents quarterly compensation committee meeting agendas and materials in conjunction with finance and legal teams.

  • Develops and administers sales incentive plans, in conjunction with commercial leadership team.

  • Ensures compliance with government regulations including applicable documentation and timely reporting. Maintains a working knowledge of federal and state legislation which may affect compensation, benefit, and immigration policies. Manages statutory requirements relating to ERISA, COBRA, HIPAA, FMLA, and workers’ compensation.

  • Leads annual benefit renewal, including meeting with brokers and vendors.   Prepares a comprehensive and market competitive program, while working with finance to balance budget constraints.  

  • Evaluates processes and policies relating to benefit, compensation, and immigration processes (e.g. annual merit review; open enrollment, etc.) while making continuous improvement changes.

  • Owns TT&C information systems; ensures appropriate capacity and integrity of data.

  • Integrates compensation and benefit protocols with TT&C , finance and legal practices. Ensures SOX compliance.

  • Evaluates vendors and fees on an ongoing basis to ensure best-in-class service, quality, and competitive fee structures.

  • Develops and maintains strong working relationships with employees and vendors.

 

Requirements:

  • B.S. in a related field, with a minimum of 10 years experience in the analysis, design, implementation, communication and administration of total rewards programs. Must have extensive knowledge of state and federal laws related to benefits and compensation plans.

  • Thorough understanding of job classification practices, survey methods, and data analysis. Expert with spreadsheet and database management applications.

  • Expertise with implementation of TT&C information systems.

  • Excellent judgment, decision making, and problem-solving skills, along with strong communication, organizational, and follow-through skills, with excellent attention to detail.

  • Ability to continuously improve compensation and benefit related processes through the use of technology. 

  • Previous leadership experience in biopharma is preferred.


Ironwood is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.





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