Senior Director, Total Rewards

Inovalon was founded in 1998 on the belief that technology, and data specifically, would empower the transformation of the entire healthcare ecosystem for the better, improving both outcomes and economics. At Inovalon, we believe that when our customers are successful in their missions, healthcare improves. Therefore, we focus on empowering them with data-driven solutions. And the momentum is building.

Together, as ONE Inovalon, we are a united force delivering solutions that address healthcare’s greatest needs. Through our mission-based culture of inclusion and innovation, our organization brings value not just to our customers, but to the millions of patients and members they serve.

Overview: The Senior Director, Total Rewards is responsible for developing, designing, and implementing broad-based total rewards (i.e., compensation, benefits, recognition, incentive, and well-being) programs enterprise-wide, supporting short- and long-term strategic business, operational, and talent objectives.  The Senior Director, Total Rewards, collaborates with the broader HR organization and business leaders to identify strategic or transactional opportunities and to design and implement performance-driven and market-competitive solutions. Additionally, the Senior Director, Total Rewards, leads the design and delivery of various initiatives and programs to support alignment with the Company’s values, job architecture, compensation philosophy, and employee experience; and supports corporate strategic initiatives, including M&A activities.

Duties and Responsibilities:

• In partnership with HR domain specialists and HR business partners, collaborate with Inovalon business unit and executive leaders to develop and implement the enterprise-wide total rewards strategy, guidelines, and policies to address both USA and India market requirements and practices and ensure compliance with all regulatory requirements.
• Effectively manage the compensation and benefits team members to ensure their skill sets, performance, goals and objectives are in alignment with the strategic, operational and service goals of the Human Resources organization.
• Analyze, compile, research, and validate data to ensure the accuracy and appropriateness of analytics. Present and articulate relevant data and statistics to support an informative and compelling narrative. Design and prepare reports and presentations to compellingly articulate various total rewards analyses.
• Serve as a subject matter expert that can lead the analysis, planning and delivery of the executive compensation program, including stock/equity plans, performance incentive and executive rewards programs, and the ability to identify issues and develop effective recommendations.
• Develop and implement suitable controls to ensure consistent accuracy in all data, reports, and analytics prepared or delivered by the Total Rewards team and drive a culture of accountability and ownership for accuracy and attention to detail.
• Assess compensation and benefits market trends and best practices to inform executive leadership about current external market conditions and their potential impact on total rewards planning and budgeting. Ensure the enterprise is equipped with insights and intelligence to make robust decisions which ensure a competitive market position is maintained.
• Lead the design and maintenance of the company-wide job description records, and development and management of the job description reference library.
• Manage the annual spend against budget, overseeing vendor contracts, performance and relationships with Inovalon’s total rewards program providers and consulting partners.
• Effectively lead and manage the planning and delivery of all annual compensation and benefits programs, including open enrolment, yearly and mid-year compensation reviews, promotion planning, and bonus/incentive plan reviews from design through execution, including detailed project planning, communication planning, risk analysis and execution through cross-team collaboration.
• Partner with HRIS, People Services and Solutions, HR Business Partners, and Talent Management and Development to ensure seamless integration, communication, and execution of total rewards policies, practices, and programs.
• Other HR, talent, or business management duties as requested or determined from time to time.
• Maintain compliance with Inovalon’s policies, procedures, and mission statement.
• Adhere to all confidentiality and HIPAA requirements of Inovalon’s Operating Policies and Procedures in all ways and at all times regarding any aspect of the data handled or services rendered in the undertaking of the position.
• Fulfill those responsibilities or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial s