Share this Job

Manager, Compensation and Benefits

 
Requisition ID:  3644
Location: 

Deerfield, Illinois, US

Date:  Sep 21, 2022
 

Do you want to join a team where the mission is meaningful, the challenges are complex, and you can directly see the results of your hard work? At Lundbeck, we are tirelessly dedicated to restoring brain health, so every person can be their best. Inspired and driven by our purpose, we are the only global biopharmaceutical company focused solely on brain diseases. We have a robust and innovative pipeline, bringing forward transformative therapies to address unmet needs in neurology and psychiatry. Join us on our journey of growth!

 

SUMMARY:

Responsible for supporting the implementation, communication, and administration of the organization’s compensation and benefits programs and policies.  Researches and recommends programs that are in alignment with overall human resources and company strategic objectives, as well as legal requirements, through competitive analysis, market research, and benchmarking.  Identifies and implements tools and resources for program administration with a focus on developing, standardizing, and improving processes, procedures, and reporting capabilities.

 

ESSENTIAL FUNCTIONS:

  • Provides guidance and counsel to HR Business Partners, managers, and employees on the requirements and provisions of compensation and benefit programs, leave programs and assists with resolution of problems.
  • Manages, interprets and administers leave programs and policies (STD, LTD, FMLA, ADA) in accordance with the applicable federal and state employment laws.
  • Oversees Leave of Absence administration activities of Global Business Services HR team, ensuring timely and accurate administration of these programs as well as ensuring pay accuracy.
  • Reviews job descriptions for both new and existing positions and determines position classification and appropriate salary range, STI, and LTI.
  • Collaborate with Talent Acquisition and HRBPs to ensure the consistency and equity in pay practices for new hires and internal promotions/job changes.
  • Manages the annual compensation review cycle and quarterly promotion review cycles.
  • Analyzes plan designs and recommends employee benefits and compensation programs with a focus on optimizing employee understanding, acceptance, interests, costs, regulatory requirements, and competitive advantage
  • Collects, benchmarks, analyzes, summarizing and makes recommendations for changes based on employee benefit and compensation data and trends. Completes annual and ad hoc compensation surveys.
  • Monitors eligibility, limitations, and restrictions of benefit plan participation and ensures compliance with both plan provisions and government requirements
  • Administers Long Term Incentive program including oversight of annual and interim grant processes executed by the Global Business Services HR team.
  • Acts as primary contact with assigned third-party vendors and consultants to ensure quality and efficiency of delivery of our benefit programs. Leads implementation of new vendors as assigned.
  • Oversees administration of COBRA compliance.
  • Creates and updates open enrollment communications.
  • Collaborates with HRIS on continuous improvement and implementation of technology to streamline and automate compensation and benefits processes and programs.
  • Provides necessary data to Finance to assist with compensation program cost accruals.
  • Provides M&A support to ensure benefit and compensation programs are properly integrated.
  • Performs other duties and special projects as assigned.

 

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:

  • Accredited Bachelor’s Degree with 5 years of experience in benefits and compensation program development and administration or Associate's Degree with 10 years of experience in benefits and compensation program development and administration or high school diploma/GED with 15 years of experience in benefits and compensation program development and administration.
  • Strong working knowledge of Microsoft Office Suite, Excel (VLookUp, Pivot Tables, Formulas)
  • 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
  • Ability to deal with benefits/compensation matters in a confidential, objective and professional manner
  • Ability to handle sensitive information and exercise sound judgment.  High degree of professionalism
  • 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 HR Business Partners, Global Business Services, Legal and Finance
  • Ability to drive multiple projects simultaneously with regularly adjusting priorities
  • Proven analytic and business skills
  • Ability to perform mathematical calculations in computing rates, premiums and adjustments
  • Must be open to change and new information and ideas and adapt to same
  • Must demonstrate cross cultural understanding and strong cross cultural communication skills to operate in a global, matrixed organization
  • Must encourage and foster cooperation and teamwork
  • The Company requires all employees to be fully vaccinated against COVID-19 as a condition of employment. Newly hired employees must be fully vaccinated against COVID-19 and provide proof upon hire, or request a medical or religious accommodation.

 

PREFERRED EDUCATION, EXPERIENCE AND SKILLS:

  • Accredited Bachelor’s Degree in Human Resources or related field with an emphasis in business or finance
  • Professional certifications (CCP, CEBS, PHR, etc.)
  • Knowledge in financial/business analysis techniques
  • Experience actively managing Leave of Absence programs
  • Experience working with and benchmarking Life Sciences/Specialty Pharmaceutical Organizations
  • Experience with Success Factors, BenefitFocus and/or Ceridian Payroll

 

TRAVEL:

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

 

#LI-LM1, #LI-hybrid

 

 

Why Lundbeck

Lundbeck is unique from other biopharmaceutical companies in that we are 70 percent owned by a research-focused foundation. We have a deep heritage of discovery and have brought breakthrough therapies to millions of people across the globe. And we're just getting started! Our success is driven by our great people and inclusive culture, which is guided by our beliefs of being Patient-Driven, Courageous, Ambitious, Passionate & Responsible. Are you ready to make an impact, one patient at a time? 

 

Lundbeck offers a robust and comprehensive benefits package to help employees live well and protect their health, family, and everyday life. Information regarding our benefit offering can be found on the U.S. career site.

 

 

Lundbeck is committed to working with and providing reasonable accommodations to disabled veterans and other individuals with disabilities during our employment application process. If, because of a disability, you need a reasonable accommodation for any part of the application process, please visit the U.S. career site.

 

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.

About Lundbeck

About Lundbeck

Tirelessly dedicated to restoring brain health, so every person can be their best

With too many people living with brain diseases around the world, our purpose couldn't be more important or more worth striving for. Every day we work tirelessly to change the outcome for these people. We are a community of specialists fiercely dedicated to restoring brain health, drawing on, and embracing, the uniqueness of every employee.

Our global footprint

Our approximately 5,300 employees in more than 50 countries are engaged across the entire value chain throughout research, development, production, marketing, and sales. Our research programs tackle some of the most complex challenges in neuroscience, and our pipeline is focused on bringing forward transformative treatments for brain diseases for which there are few, if any therapeutic options. We have research facilities in Denmark and the United States, and our production facilities are located in Denmark, France and Italy. Lundbeck generated revenue of DKK 16.3 billion in 2021 (EUR 2.2 billion; USD 2.6 billion).  

For additional information, we encourage you to visit our corporate website www.lundbeck.com/global, and connect with us on Instagram @h_lundbeck, Twitter @Lundbeck  and via LinkedIn