[Hiring] Director of Executive Compensation @Bon Secours Mercy Health

Role Description

The Director of Executive Compensation is responsible for design, execution and leadership for executive compensation Total Rewards programs aligned with the mission, core values, business objectives and culture of the BSMH ministry. Effectively communicates and leads consultation with key executives, Legal, Finance and outside consulting firms as necessary to complete job responsibilities. Prepares recommendations and presentations for delivery to the HR Committee of the Board. Prepares data and information and supports compilation and review of required filings.

• Develop compensation programs, policies and plans for ministry executives, including but not limited to Short and Long-term incentive plans, supplemental executive retirement plans (SERP), retention, etc.
• Counsel senior leaders on pay decisions, compensation practices, and policy and guidelines interpretation.
• Guide the decision-making process and final outcome by providing detailed analysis/models, innovative recommendations, and expert advice to management and HR executives.
• Partner with Executive Talent Acquisition with total compensation offers and onboarding of incoming executives.
• Meet with executive candidates and/or new hires regarding details of compensation packages, and provide one-on-one support to exiting Executives, if necessary.
• Partner with the Human Resources Compensation Committee independent consultant regarding executive compensation plans and programs requiring Committee review and approval.
• Provide materials and support for presentation to the Committee.
• In collaboration with Legal, Accounting, Tax, Internal Audit and third-party administrators, ensure accurate reporting, budgeting and compliance with all applicable laws and regulations regarding compensation and related issues.
• Lead cross-functional workgroup driving solutions that impact associate pay including mergers and acquisitions, system-wide cost-saving initiatives, audit findings, compensation program system development, integration and implementation.
• Perform compensation-related merger/acquisition/divestiture work as necessary – due diligence, retention, integration, etc.
• Provide related compensation support for the organization as needed: ad hoc reports and analyses, special projects, etc.
• Maintain awareness of latest trends and regulations regarding executive compensation.

Qualifications

• Required Education: Bachelor's Degree in Human Resources, Management, or Accounting
• Preferred Education: Master's Degree (MBA or MHR)
• Preferred Certifications: CPP, PHR, SPHR
• Minimum Years of Experience: 7+ years of progressive compensation experience; 2+ years specific executive compensation experience in a healthcare setting desired.
• Requires critical thinking skills, decisive judgment and the ability to work with minimal supervision.
• Must be able to work in a stressful environment and take appropriate action.
• Experience leading and mentoring others.
• Private Equity or Venture Capital experience preferred.

Requirements

• Range: $156,000 - $227,000

Benefits

• Competitive pay, incentives, referral bonuses and 403(b) with employer contributions (when eligible)
• Medical, dental, vision, prescription coverage, HSA/FSA options, life insurances, mental health resources and discounts
• Paid time off, parental and FMLA leave, short- and long-term disability, backup care for children and elders
• Tuition assistance, professional development and continuing education support
• Benefits may vary based on the market and employment status.