Head of Executive Compensation & Equity Plans

TITLE:

Head of Executive Compensation & Equity Plans

Title:  Head of Executive Compensation & Equity Plans

Reports To: Global C&B Director

Location: Richmond, VA

Indivior is a global specialty pharmaceutical company working to help change patients' lives by developing medicines to treat substance use disorders (SUD) and serious mental illnesses. The name is the blend of the words individual and endeavor, and the tagline “Focus on you” makes the company’s commitment clear. It represents and empathizes with the often-difficult journey each individual patient takes to overcome the challenges of addiction and mental illness.

Indivior is dedicated to transforming addiction from a global human crisis to a recognized and treated chronic disease. Our vision is that all patients around the world will have access to evidence-based treatment for the chronic conditions and co-occurring disorders of SUD. The Indivior logo radiates its patient-focused, holistic focus on expanding access to quality treatment for addiction worldwide. Building on its global portfolio of opioid use disorder treatments, Indivior has a pipeline of product candidates designed to both expand on its heritage in this category.

POSITION SUMMARY:

The Head of Executive Compensation and Equity Plans will have overall responsibility for managing the Group’s share plans, will play a lead role in supporting the Legal & Governance Team in connection with required remuneration disclosures including the Director Remuneration Report (DRR) in the UK and the CD&A in the US and will assist the Compensation Committee on executive compensation matters. This role will also have growing responsibilities in the strategy and evolution of the Company’s compensation and benefits design.

ESSENTIAL FUNCTIONS:

The responsibilities of this role include, but are not limited to, the following:

• Overall responsibility for the strategy, design and executions of all the Group's share plans including the management across US and UK
• Lead the administration and coordination of both high profile and routine activities such as working with third parties across the US and UK on the design of share plans, including but not limited to the benchmarking, drafting and reviewing of share plans rules, managing of the approval of plan rules through resolutions at the Annual General Meeting, global share plan awards, vesting, exercising and lapsing of share-based incentives.
• Working with Group Finance to reconcile the outstanding award registers and support regarding the share-based payment accounting charges.
• Working with Group Finance regarding the funding of the Group's share plans through new issue, market purchase and/or net settlement and provide reports for the Remuneration Committee on dilution and headroom as required.
• Manage and develop relationships with specialist external providers including share plan administrators (Global Shares), Employee Benefit Trust (Apex), share plan advisors (Deloitte), remuneration advisors (Mercer and Deloitte) and auditors (PWC).
• Maintain and update participant information resources in relation to share based incentives. Be a point of contact for internal stakeholders with regards to share plan matters.
• Work alongside Group functions including Finance, Tax and Treasury to monitor compliance with processes, reporting requirements, relevant legislative and regulatory requirements in connection with the share plans.
• With support from advisors, ensure that all relevant payroll taxes are managed and reported effectively, to include relevant tax returns and reporting.
• Support the Global Compensation & Benefits Director with all aspects of share-based global executive remuneration including constructing compensation packages to support senior executive hiring including buy-outs (e.g. valuation of equity arrangements).
• Prepare draft papers and recommendations for the Compensation Committee in relation to share incentive matters. Maintain induction materials for new members of the Compensation Committee.
• Work with the Global Compensation & Benefits Director on the review of external advisers to the Compensation Committee as required.
• Support in the preparatory work ahead of the Annual General Meeting (lines to take on remuneration, Q&As).
• Provide all necessary data to support Stock Exchange Announcements and required SEC disclosures relating to Board and executive level remuneration and PDMR/executive officer share transactions.
• Support the Legal and Governance teams in administering the Group Dealing Code and insider reporting under UK and US reporting requirements (e.g. PDMR