Executive Total Rewards Consultant
Highmark Health - Pittsburgh, PA
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Company : Highmark Health Job Description : Job Summary The Exec Total Rewards (ExTR) Consultant plays a key role in the implementation and administration of executive compensation and benefit programs that align with business strategy and help attract, retain, and motivate executive leadership. This role provides consultative services to executives throughout their employment lifecycle, from hiring and onboarding to termination and retirement. Successful delivery of ExTR services involves collaboration with the ExTR team, Benefits COEs and shared services, Exec Talent Acquisition (ExTA), Payroll, Legal, Finance, Audit and Talent Engagement Leaders (TELs). The ExTR Consultant will also be responsible for the coordination of materials for the Compensation and Human Resources Committees (C&HR). Essential Responsibilities Implement and administer executive compensation plans, including base salary ranges, annual employee incentive programs (AEIP), the long-term incentive program (LTIP) and perquisites. Conduct market research and analysis to benchmark new and revised executive roles. Prepare compensation proposals for external candidates and internal executive moves, providing consultation to the TELs, ExTA and the hiring managers. Develop compensation side-by-side comparisons and peer analysis for all executive roles, including 5-year cash flow projections for senior level executives. Provide consultative services for newly hired/promoted executives on all executive compensation & benefit programs. Also consult retiring and retired executives, working with external financial advisors when requested. Manage the LTIP program administration, including eligibility, payout calculations, collaboration with Audit and participant communications. Coordinate materials for the Compensation & Human Resources Committee of the Board (C&HR). Participate in C&HR preparation meetings. Consult TELs and the business to develop executive retention and performance bonus programs and related documentation/agreements. Participate in projects and company initiatives, which may be diverse in subject matter. Remain current on legislative and IRS regulations relative to retirement plans and compensation practices. Ensure compliance with ERISA, 409a, DOL and IRS Assist with executive compensation and benefit program transitions on acquisitions and divestures as well as internal executive talent movement. Other duties, as assigned. Education Bachelor's in Human Resources Management or Business Management or Finance/Accounting required. "‹ Substitutions 5 years of relevant experience in lieu of Bachelor's degree "‹ Experience (Must have at least 2 of the 3) 3+ years working with Compensation/Executive Compensation programs 3+ years of Consulting (Compensation consulting strongly preferred) 5-7 years Human Resources Skills Excellent analytical and problem-solving skills Proven ability to communicate effectively with senior leaders at all levels Business consulting Compensation management systems/tools (e.g. Payscale) Prioritizing and managing stakeholder expectations Working knowledge of benefit/executive benefit programs Ability to simultaneous manage multiple priorities Strong Microsoft Excel capabilities Ability to negotiate Location Pittsburgh (3 days/week) "‹ Travel: 0% - 25% Physical, Mental Demands and Working Conditions Office Based Position Rarely teaches/trains others Occasionally travels from the office to various work sites Physical work site is required Occasionally lifts up to 10 pounds Rarely lifts 10 to 25 pounds Never lifts 25 to 50 pounds Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job. Compliance Requirement : This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company's Handbook of Privacy Policies and Practices and Information Security Policy. Furthermore, it is every employee's responsibility to comply with the company's Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements. Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, age, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, age, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability. EEO is The Law Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled/Sexual Orientation/Gender Identity ( ) We endeavor to make this site accessible to any and all users. 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Created: 2024-09-30