Executive Director Total Rewards
Insmed Incorporated

Job Info

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Company Description

Insmed is a global biopharmaceutical company on a mission to transform the lives of patients living with serious and rare diseases. Our most valuable resource is our employees, and everything we do is motivated by a patients-first mentality. We are dedicated to growing our team with talented individuals from around the world who are willing to challenge the status quo, solve problems, and work collaboratively with a sense of urgency and compassion.

Guided by our core values of collaboration, accountability, passion, respect, and integrity, we aim to foster an inclusive, diverse, and flexible work environment, where our employees are recognized for leaning in and rolling up their sleeves. If you share our vision and want to work with the most dedicated people in the biopharma industry, come to Insmed to accelerate your career.

Recognitions

Named Science's Top Employer in 2021, 2022, and 2023

Insmed is dedicated to creating a collaborative environment where our team can thrive. Every day, our employees turn their passion for science and research into innovative solutions for patients. That's why we were named the No. 1 company to work for in the biopharma industry in Science's Top Employers Survey for two years in a row.

A Certified Great Place to Work

We believe our company is truly special, and our employees agree. In July 2023, we became Great Place to Work-certified in the U.S. for the third year in a row. We are also honored to have been listed on the Best Workplaces in Biopharma™, Best Workplaces in New York™, and Best Workplaces for Millennials™ lists.

Overview

In this exciting new role, you will report to the Chief People Strategy Officer (CPSO), and be responsible for the strategic design, direction, and operation of our Total Rewards Center of Excellence. As a global partner and advisor, you will work collaboratively with other members of HR and with business leaders to design, implement, and manage comprehensive total rewards programs that attract, differentiate, engage, reward, and retain top talent. We are open to considering the following for this position: if you live locally near our Bridgewater, NJ headquarters you can choose to work primarily from home and are expected to come on-site when requested or required for a meeting and/or event. We will also consider out of state candidates who would generally travel overnight for certain meetings or events in Bridgewater or to our other sites as needed.

Responsibilities

• Strengthen the visibility, creativity, partnerships, and strategic value of the Total Rewards Center of Excellence and drive Insmed's pay for performance philosophy.
• Oversee the global design, implementation, and administration of compensation programs, including base salary, bonuses, and equity plans, to ensure they are competitive, equitable, and compliant with legal and regulatory requirements.
• Oversee the design and management of employee benefits programs, including health, wellness, retirement, and other fringe benefits.
• Design, implement, and manage innovative employee recognition programs to drive employee engagement and retention.
• Continuously monitor and analyze global market trends, industry benchmarks, and compensation practices to ensure that our total reward programs remain competitive and relevant.
• Responsible for all Total Rewards communications to ensure that employees and candidates understand and value Insmed's robust Total Rewards programs and platforms and that leaders are appropriately equipped to reinforce these programs.
• Oversee and manage relationships with external partners, consultants, and vendors to optimize the delivery of compensation and benefits services.
• Co-leads the bi-annual promotion process, evaluating employee growth and organizational needs to ensure transparent and fair opportunities are available for employees.
• Leverage data and analytics to make informed decisions, provide insights, and track the effectiveness of total reward programs.
• Working with the CPSO, manage complex executive compensation cycles and program metrics.
• Working closely with employment counsel, responsible for ensuring compliance with all applicable regulations/ governing bodies including DOL, FLSA, pay equity, pay transparency, and all laws that impact Total Rewards.
• Collaborates closely with HR Business Partner team to understand organizational needs and local/functional nuances; proactively communicates and seeks input on new programs and offerings.
• Build and lead a high-performing global Total Rewards team.
• Manages assigned budget on a monthly, quarterly, and annual basis.

Qualifications

• Bachelor's degree and 15+ years of relevant experience
• 12+ years of experience in Total Rewards
• 6+ years of experience in global compensation design, planning and execution inclusive of equity programs.
• 6+ years of experience in global benefits design and administration.
• 5+ years in the biotech/pharma sector.
• 5+ years of proven experience building, evaluating, and leading teams and projects.
• Able to design and implement a strategic approach to Total Rewards.
• Ability to work, lead, and exhibit within Insmed's core values of Collaboration, Accountability, Passion, Respect, Integrity.
• Ability to handle confidential information with discretion.
• Must have excellent communication skills (verbal and written).
• Highly organized with a strong attention to detail, clarity, accuracy, and conciseness.
• Highly proficient in Microsoft Office (Word, Excel, PowerPoint, Outlook).
• Demonstrated ability to work and thrive in a dynamic and culturally diverse workplace.

Travel Requirements

Domestic and/or international travel required (10%)

Salary Range

Insmed takes into consideration a combination of candidate's education, training, and experience as well as the position's scope and complexity, the discretion and latitude required in the role, and external market and internal value when determining a salary level for potential new employees.

The base salary range for this job is from $230,000.00 to $323,333.00 per year

Compensation & Benefits

We're committed to investing in every team member's total well-being, now and in the future. We offer a competitive total-rewards package to all employees around the world, including:

• Flexible approach to where and how we work
• Competitive compensation package including bonus.
• Stock options and RSU awards
• Employee stock purchase plan
• 401(k) plan with company match
• Professional Judgment Vacation Policy
• 11 paid holidays per year and Winter Break (typically between Christmas and New Year's Day).

ADDITIONAL U.S. BENEFITS:

• Medical, dental, and vision plans
• Company-provided short- and long-term disability plans
• Company-provided life insurance
• Unique offerings of pet, legal, and supplemental life insurance
• Flexible spending accounts for medical and dependent care
• Accident and Hospital Indemnity plans
• Supplemental AD&D
• Employee Assistance Program (EAP)
• Mental Health on-line digital resource
• On-site, no-cost fitness center at our U.S. headquarters
• Paid time off to volunteer

Additional Information

Insmed Incorporated is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

Unsolicited resumes from agencies should not be forwarded to Insmed. Insmed will not be responsible for any fees arising from the use of resumes through this source. Insmed will only pay a fee to agencies if a formal agreement between Insmed and the agency has been established. The Human Resources department is responsible for all recruitment activities; please contact us directly to be considered for a formal agreement.

Applications are accepted until the position is filled.

This job has expired.