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. With several marketed products in the U.S., Canada, and Europe, a diverse pipeline of early- to late-stage assets, and in-house advanced technology capabilities, we aim to accelerate discovery, research, and development to bring novel therapies to patients sooner. For more information on SMPA, visit our website https://www.us.sumitomo-pharma.com or follow us on LinkedIn.

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. The incumbent will lead a strong, experienced team providing entity-wide support, and will work closely with a broad range of internal and external partners, including business leaders, HR business partners and other HR members, the parent company’s HR team, the Board’s Compensation Committee, finance, legal, and our external compensation advisor to understand business needs and develop effective solutions. The role will also ensure full compliance with all legal and regulatory requirements. An ideal candidate will be  a strategic thinker who is also hands-on and enjoys getting into the details to ensure our programs have a clearly aligned and articulated philosophy, end-to-end process design, and flawless execution. 

Job Duties and Responsibilities

• 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.
• Ensure that the company’s philosophy, strategy and practice related to compensation, and benefits are aligned to organizational values, strategy and performance.
• Oversee the provision of a full suite of compensation programs including executive, broad based and incentive compensation programs, as well as job design, to support market-appropriate compensation packages that are competitive and compliant with relevant regulatory provisions.
• Oversee design, cost-benefit analysis, and administration of the benefits programs to ensure the company provides comprehensive, market competitive, easy to use, and cost-effective benefits offerings.
• Oversee the partnership with Willis Towers Watson, our executive compensation advisor.
• Leverage knowledge of market conditions and competitive talent landscape to design tailored strategies for compensation for key talent segments. Direct job analysis, evaluation, market pricing and salary survey initiatives openly and transparently.
• Partner closely with Talent Acquisition and HR Business partners in the development of key frameworks, including – promotion guidelines, career ladders, levelling criteria/frameworks.
• Partner closely with Talent Acquisition to ensure that the materials used for recruiting are competitive and align with our employee value proposition.
• Work closely with the CHRO and our parent company’s HR team to prepare materials for the quarterly Compensation Committee meetings.
• Create and manage vendor relationships for total rewards programs, including the negotiation of services, with focus on long-term value and cost.
• Responsible for total rewards policies, guidelines and procedures. Ensure strong governance and compliance with employment labor laws and regulations.
• Work with the compensation team and other members of HR to create communication strategies for total rewards programs to foster employee understanding and appreciation of company total reward packages. Collaborate with internal communications to implement communications.
• Cultivate strong service-oriented rapport with leaders and internal partners, based on a high level of collaboration and flexibility of thought in order to understand and achieve total rewards needs that align with business obje