Director, Global Compensation

Department:

102100 People Success

Location:

San Diego

Be a part of a global team that is inspired to make a difference in the lives of people living with rare disease.

At Travere Therapeutics, we recognize that our exceptional employees are vital to our success. We are a dedicated team focused on meeting the unique needs of rare patients. Our work is rewarding – both professionally and personally – because we are making a difference. We are passionate about what we do.

We are seeking talented individuals who will thrive in our collaborative, diverse, fast-paced environment and share in our mission – to identify, develop and deliver life-changing therapies to people living with rare disease. We stick by our values centered on patients, courage, community, and collaboration to pursue our vision of becoming a leading biopharmaceutical company dedicated to the delivery of innovation and hope to patients in the global rare disease community.

At Travere Therapeutics, we are in rare for life. We continue to courageously forge new paths as we move toward a common goal of elevating science and service for rare patients.

Position Summary:

The Director, Global Compensation is responsible for the development, execution and oversight of global compensation programs to attract and engage top talent. As the subject matter expert on compensation principles and practices, will be responsible for job evaluations, reviewing offer packages, salary market surveys and benchmarking analysis. Also, will lead global compensation structure design, promotion processes and the annual Compensation Planning cycle in Workday. Responsible for impactful projects including job architecture design and education, pay transparency, reward and recognition programs and other ad hoc projects within Total Rewards. This hands-on leadership role will partner within the People Success team and work with other key business stakeholders to ensure compliant, competitive and engaging compensation practices that support corporate objectives and reflect the company’s culture and values.
 

Responsibilities:

Strategic Compensation Management

• Manage and design compliant compensation programs and resources including: salary structures, merit and pay practices, internal pay equity guidelines, promotions, spot awards, stock, bonuses,  job classifications for both non-exempt and exempt roles within the US and Europe.
• Lead the development of global job architecture and related change management planning to ensure understanding and consistent application.
• Lead the annual compensation planning process. Closely partners with HRIS to develop, test and execute enhancements in the system. Project manages entire process and collaborates with HR stakeholders to develop communication and training.
• Collaborate with business leaders and HR Business Partners to review new jobs, job leveling and compensation considerations.
• Provide compensation coaching and consulting to business leaders and HR Business Partners to review new jobs, job leveling and compensation considerations.
• Integrate compensation philosophy and strategies with various HR initiatives.
• As a member of the Sales Incentive Committee, partner with the Sales Operations team in reviewing the plan and determining total cash package for field-based employees.
• Review job descriptions and drive compliance, consistency and inclusiveness.
• Develop and maintain resources including salary and equity guidelines, offer development and key communications.
• Ensure compliance with federal, state, and local compensation laws and regulations; Develop policies and procedures to minimize risk and address audit requirements.

Data Management, Market Analysis and Benchmarking

• Responsible for the participation in regular industry and geographical-relevant salary surveys (e.g. Radford/Aon, Mercer); identify new trends and conduct detailed analyses.
• Evaluate and provide compensation recommendations using internal and external data to drive high-performing culture and support internal pay equity.
• Prepare various quantitative and qualitative analyses for regular metrics.
• Ensure coordination of data with Finance related to company stock and payroll.
• Provide data and support for the development of BOD/Compensation Committee materials including annual analytics, annual bonus documents, CEO pay ratio data, etc.  

Education/Experience Requirements: 

• Bachelor’s degree in Business, Human Resources or Finance. Equivalent combination of education and applicable job experience may be considered.
• A minimum of 10 years relevant work experience, preferably in the Pharmaceutical, Biotech and/or Life S