Associate Director, Compensation and Benefits

Employer
Lundbeck
Location
Deerfield, IL, United States
Posted
Nov 14, 2020
Ref
1216
Hotbed
BioMidwest
Required Education
Bachelors Degree
Position Type
Full time
At Lundbeck, we are tirelessly dedicated to restoring brain health so every person can be their best. Headquartered in Copenhagen with a U.S. home office in Deerfield, Ill., Lundbeck is the only global biopharmaceutical company focused solely on brain diseases. Our legacy in neuroscience goes back seven decades and we have a long heritage of innovation. Lundbeck has developed and commercialized some of the world's most widely prescribed therapies for psychiatric and neurological disorders. Today, we remain uncompromisingly committed to improving the quality of life for people impacted by brain disorders. Lundbeck is unique from other biopharmaceutical companies in that we are 70 percent owned by a research-focused foundation. We have a deep and productive pipeline, and we continue to bring forward symptomatic therapies to help people live better lives, while simultaneously pursuing disease-modifying treatments.

SUMMARY:
Directs the organization's compensation and benefits functions and establishes compensation and benefits related programs and policies. Responsible for overall design, implementation, communication, administration, and ongoing evaluation of the organization's compensation and benefits programs for the United States. Ensures that compensation and benefit programs support the organization's strategic objectives and meet all legal requirements.

ESSENTIAL FUNCTIONS:
• Develops compensation philosophy and benefit programs that enable the organization in meeting its business objectives. These programs include base pay, incentive pay, health and welfare benefits, and retirement plans.
• Evaluates market data, industry trends, and best practices, proactively seeks opportunities to enhance the competitiveness of the compensation and benefits program.
• Evaluates and selects data vendors, consultants, brokers, and advisors and negotiates contracts, seeking to balance competitiveness with cost control.
• Makes recommendation to senior
• Oversees annual compensation and benefits processes, such as market pricing, salary reviews, incentive plan administration, open enrollment and related activities or communications.
• Ensures plan compliance with relevant regulatory standards and statutes.
• Manages and directs the work of 2 team members.
• Other duties as assigned

REQUIRED EDUCATION, EXPERIENCE and SKILLS:
• Accredited Bachelor's Degree
• 10+ years of experience in benefits and compensation programs
• 3+ years of direct people management experience
• Demonstrated experience in developing and administering complex strategies and ability to balance strategic thinking with detailed focus on execution
• Demonstrated knowledge of pertinent federal and state regulations, filing and compliance requirements (i.e., ERISA, ACA, HIPAA, COBRA, FMLA, IRS, ADA, Section 125 regulations, 5500, Health Care Reform, Workers Compensation, Medicare, Social Security, DOL, FLSA)
• Clear, precise and effective verbal and written communication and presentation skills
• Results driven with ability to operate independently and proactively
• Proven ability to establish rapport and work across all levels of organization and cultivate relationships to include executive leadership, HR Business Partners, Legal and Finance
• Strong working knowledge of Microsoft Office Suite
• Ability to drive multiple projects simultaneously with regularly adjusting priorities

PREFERRED EDUCATION, EXPERIENCE AND SKILLS:
• Accredited Bachelor's Degree in Human Resources or related field with an emphasis in business or finance
• 5+ years of direct people management experience
• Knowledge in financial/business analysis techniques highly desirable
• Industry certifications (CCP, CEBS, SPHR, PHR, etc.)
• Experience working with and benchmarking Life Sciences/Specialty Pharmaceutical Organizations
• Experience with HRIS systems such as Success Factors, BenefitFocus and/or Ceridian Payroll

TRAVEL
• Willingness/Ability to travel up to 10% domestically. International travel may be required.

Lundbeck is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, protected veteran status, and any other characteristic protected by law, rule, or regulation. Lundbeck participates in E-Verify.

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Lundbeck is a global pharmaceutical company specialized in brain diseases. For more than 70 years, we have been at the forefront of neuroscience research. We are tirelessly dedicated to restoring brain health, so every person can be their best.

Millions of people worldwide live with brain diseases, and far too many suffer due to inadequate treatment, discrimination, a reduced number of working days, early retirement, and other unnecessary consequences. Every day, we strive for improved treatment and a better life for people living with brain diseases - we call this Progress in Mind.

Read more at www.lundbeck.com/global/about-us/progress-in-mind

Our approximately 5,800 employees in more than 50 countries are engaged in the entire value chain throughout research, development, production, marketing, and sales. Our pipeline consists of several R&D programs, and our products are available in more than 100 countries. We have research centers in Denmark and the US, and our production facilities are located in Denmark, France, and Italy. Lundbeck generated revenue of DKK 17 billion in 2019 (EUR 2.3 billion; USD 2.6 billion).

For additional information, we encourage you to visit our corporate site www.lundbeck.com, and connect with us on Twitter at @Lundbeck and via LinkedIn.