Travere Therapeutics→
Senior Director, Global Compensation at Travere… · San Diego
Skills
Job Description
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 Senior Director, Global Compensation provides strategic leadership for Travere's global compensation programs, ensuring they are competitive, equitable, compliant, and aligned with the company's business objectives and Total Rewards strategy. Reporting to the Executive Director, Total Rewards & Wellbeing, this role leads the development and evolution of compensation programs, job architecture, salary structures, pay practices, and annual compensation planning while serving as the enterprise subject matter expert for compensation. This role partners closely with Executive Leadership, Finance, Legal, HR Business Partners, Talent Acquisition, and business leaders to translate business priorities into effective compensation solutions.
Responsibilities:
Strategic Compensation Leadership & Management
Develop and evolve Travere's global compensation strategy in partnership with the Executive Director, ensuring alignment with business objectives, the Total Rewards strategy, and long-term organizational growth.
Lead the enterprise job architecture framework, including governance, organizational leveling, career architecture, and related change management to ensure consistent application across the organization while supporting talent management, workforce planning, and organizational effectiveness.
Serve as the senior compensation advisor for complex compensation matters.
Lead design of compensation programs & 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, governance, organizational leveling 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.
Build organizational capability by coaching HR Business Partners and business leaders on compensation philosophy, job architecture, pay decisions, and organizational design principles.
Integrate compensation philosophy and strategies with various HR initiatives.
Lead enterprise compensation governance processes that ensure consistent, compliant, and equitable compensation decisions across the organization.
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.
Lead regular reviews of job descriptions to drive compliance, consistency and inclusiveness.
Develop and maintain internal compensation resources including salary and equity guidelines, offer development forms and key communications.
Partner with the Executive Director & Chief People Officer on executive compensation and Board materials.
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
Lead Travere’s compensation market intelligence strategy through 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. Master's degree preferred; CCP strongly preferred. Equivalent combination of education and applicable job experience may be considered.
A minimum of 12 years’ progressive compensation experience in complex global organizations, preferably in the Pharmaceutical, Biotech and/or Life Sciences industry.
Strong understanding of FLSA standards, pay transparency regulations, equity programs, and other DOL compliance requirements.
Demonstrated success partnering with executive leaders to influence compensation strategy, organizational design, and workforce planning decisions.
Additional Skills/Experience/Requirements:
The ideal candidate will embody Travere’s core values: Courage, Community Spirit, Patient Focus and Teamwork.
Certified Compensation Professional (CCP) or similar certification preferred.
Advanced Excel skills and high proficiency with other Microsoft applications.
Proficiency working with HRIS systems, preferably Workday Compensation and Advanced Compensation.
Knowledge of leveraging AI for research, analytics and projects.
Excellent analytical, project management and multi-tasking skills.
Ability to build and foster relationships, leading to trust and credibility across all employee levels and demonstrate strong relationships within HR team peers.
Ability to work collaboratively with cross-functional teams and influence stakeholders at all levels.
Excellent verbal, presentation and written communication skills.
Ability to adapt to modification and changes to project plans, demonstrating flexibility to implement new strategies and tactics to accommodate these changes.
Ability to travel 10% domestic and internationally.
All positions have an essential job function to be able to perform face to face work with colleagues and/or onsite in San Diego. No role is expected to be 100% remote.
Total Rewards Offerings: Travere provides comprehensive total rewards offerings that demonstrate our commitment as a diverse, equitable, people-centric, and pay-for-performance organization.
Benefits: Our benefits include premium health, financial, work-life and well-being offerings for eligible employees and dependents, wellness and employee support programs, life insurance, disability, retirement plans with employer match and generous paid time off.
Compensation: Our competitive compensation package includes a combination of both cash compensation (base pay and short-term incentive) and long-term incentive compensation (company stock), designed to recognize, retain, and reward employees.
Target Base Pay Range: $219,000.00 - $285,000.00
*This information is current as of the date of this posting and may be modified in the future. Actual pay offered to a candidate will depend on a variety of factors including the candidate’s experience, education, skills, and location.
Travere will accept applications on an ongoing basis until a candidate is selected for the position.
Travere Therapeutics, Inc. is an EEO/AA/Veteran/Disability Employer.
If you require a reasonable accommodation to complete the application or interview process, please contact us by sending an email to accommodations@travere.com. Please note that this email address is to be used exclusively to request an accommodation with the online application, interview or hiring process only. Travere HR will not reply to emails sent to this address for any other reason.