Compensation Analyst

TITLE:

Compensation Analyst

Title: Compensation Analyst

Reports Director of Executive Compensation and Equity Plans

Location: Hybrid Richmond, VA

Indivior is a global pharmaceutical company working to help change patients' lives by developing medicines to treat opioid use disorder (OUD). Our vision is that all patients around the world will have access to evidence-based treatment for OUD and we are dedicated to transforming OUD from a global human crisis to a recognized and treated chronic disease. Building on its global portfolio of OUD treatments, Indivior has a pipeline of product candidates designed to expand on its heritage in this category. Headquartered in the United States in Richmond, VA, Indivior employs approximately 500 individuals globally. Visit www.indivior.com to learn more. Connect with Indivior on LinkedIn by visiting www.linkedin.com/company/Indivior.

Responsibilities:

• Conduct job evaluations and benchmarking using market data to ensure competitive and equitable pay structures.
• Support the calculation and payout of the Commercial Incentive Plan
• Coordinate, calculate, test, and administer AIP payouts and communications
• Support and maintain job processes, compensation tools, and systems; create documentation as needed. Recommend and implement process improvements and automation opportunities.
• Partner with HR and managers to revise and maintain accurate job descriptions, ensuring roles reflect current responsibilities and requirements. Maintain the job description database and audit for accuracy.
• Ensure proper FLSA classification and job leveling across all positions.
• Review and administer salary changes/transactions based on established policies; prepare ad hoc analyses and reports as needed.
• Respond to inquiries regarding salary ranges, bonus opportunities, pay analysis, and new hire offers; review and approve offer requests for alignment with compensation guidelines.
• Serve as the primary point of contact for day-to-day compensation matters; educate HR and managers on compensation policies and practices.
• Assist with planning, developing, and implementing new and revised compensation programs, policies, and procedures.
• Participate in compensation surveys and analyze market competitiveness, pay equity, and compensation trends.
• Provide analytical and administrative support for the annual merit and incentive processes, including compiling timelines, drafting communications, and preparing compensation materials.
• Support equity plan administration, including tracking grants, compliance, and reporting.
• Assist in the relationship management of compensation vendors.
• Monitor and manage the total rewards mailbox.
• Support finance with any compensation questions
• Create and analyze compensation reports for leadership.
• Ensure compliance with state and federal laws and regulations.
• Perform other related duties as assigned.

Job Requirements/Qualifications:

• Minimum of 3-5 years of experience in human resources or a related field, within benefits administration preferred
• Strong understanding of benefits programs
• Strong understanding of HR best practices and labor laws.
• Working knowledge of relevant benefit regulations and programs (HIPAA, COBRA, FMLA, ERISA, 401(k), disability, etc.)
• Excellent communication and interpersonal skills.
• Proficiency in HRIS and Microsoft Office Suite.
• Strong organizational and multitasking abilities.
• Ability to manage multiple tasks and prioritize effectively.
• Understands the importance of and demonstrates confidentiality

Education/Certifications:

Bachelor's degree in human resources, Business Administration, or a related field.