Vice President, Total Rewards

Job description

Department: 102100 People Success Location: San Diego, USA- Remote Be a part of a global team that is inspired to make a difference in the lives of people living with rare disease. At Travere Therapeutics, we recognize that our exceptional employees are vital to our success. We are a dedicated team focused on meeting the unique needs of rare patients. Our work is rewarding – both professionally and personally – because we are making a difference. We are passionate about what we do. We are seeking talented individuals who will thrive in our collaborative, diverse, fast-paced environment and share in our mission – to identify, develop and deliver life-changing therapies to people living with rare disease. We stick by our values centered on patients, courage, community, and collaboration to pursue our vision of becoming a leading biopharmaceutical company dedicated to the delivery of innovation and hope to patients in the global rare disease community. At Travere Therapeutics, we are in rare for life. We continue to courageously forge new paths as we move toward a common goal of elevating science and service for rare patients. Position SummaryThe Vice President, Total Rewards leads the enterprise strategy, design and delivery of total rewards programs that advance Travere’s business priorities and strengthen its ability to attract, engage and retain exceptional talent. The portfolio includes compensation, equity, executive compensation, health and wellbeing benefits, retirement, job architecture, and recognition programs. The leader ensures these programs evolve with the organization, reinforce Travere’s patient-inspired culture, and balance employee value, market competitiveness and long-term financial sustainability. As a member of the People Success Leadership Team, the Vice President serves as a strategic advisor to the Chief People Officer and senior leaders. The role partners closely with Finance and Legal on executive compensation, workforce investments and Compensation Committee matters and uses market data, analytics, technology and AI to improve decisions, program effectiveness and the employee experience. Key ResponsibilitiesStrategy and governance·  Establish and lead a multiyear total rewards strategy aligned with business priorities, organizational growth and current and future talent needs. ·  Evolve Travere’s compensation philosophy and the mix of base pay, annual incentives, equity and other rewards in response to talent markets, workforce needs and business priorities. ·  Assess market trends and peer practices and translate relevant findings into practical recommendations for Travere. Balance external competitiveness, internal equity, employee impact and financial sustainability. ·  Lead total rewards budgeting, forecasting and scenario planning with Finance to clarify investment tradeoffs and opportunities to improve value and sustainability. ·  Anticipate the total rewards implications of organizational change, business growth and potential business development activity. Compensation, equity and executive rewards·  Lead the design, evaluation and administration of executive compensation, including base salary, annual and long-term incentives, and executive offer and retention arrangements. ·  Partner with the Chief People Officer, Finance, Legal and external advisors on executive compensation recommendations and materials for the Compensation Committee and Board of Directors. ·  Assess peer positioning, pay and performance alignment, equity dilution and share utilization to inform compensation strategy and governance. ·  Oversee annual compensation planning, salary structures, incentive programs and equity awards with disciplined, consistent application and clear decision rights. ·  Lead pay equity analyses and translate findings into action to strengthen fairness, consistency and transparency. ·  Guide differentiated rewards and retention approaches for critical capabilities, key talent and competitive talent markets. Job architecture and benefits·  Lead job architecture strategy and governance, including design, job evaluation, levels and compensation structures, in partnership with Talent Experience, People Success Partners and business leaders. Ensure the frameworks support career pathways, consistent pay decisions and organizational scalability. ·  Set the strategy for a comprehensive benefits and wellbeing portfolio that supports physical, emotional and financial wellbeing while managing cost and long-term sustainability. ·  Evaluate program use, costs, employee feedback and talent outcomes to guide benefits and rewards investment decisions and assess return on investment. Delivery, partnerships and leadership·  Build, lead and develop a high-performing Total Rewards team with clear priorities, accountability and accurate, timely service delivery. ·  Advise senior leaders on complex compensation and benefits decisions with sound judgment, constructive challenge and clear recommendations. ·  Lead communication and manager education so employees understand the value of their rewards and managers explain decisions clearly and consistently. ·  Partner with HRIS, Finance and technology stakeholders to strengthen data quality, systems integration, dashboards and scalable processes. ·  Apply AI, automation and advanced analytics responsibly to improve modeling, market analysis, administration and employee access to rewards information, with appropriate privacy safeguards and human oversight. ·  Manage external advisors and vendors, including needs definition, contract negotiation, service performance and future program opportunities. ·  Partner with Legal and Finance to maintain compliance with applicable compensation, equity, benefits, disclosure and reporting requirements. ·  In partnership with the CPO, drive and manage quarterly Compensation Committee activities and vendor relationships;  Manage the annual Compensation Committee calendar, CEO performance and external executive compensation consultant assessment. Ensure materials are created and delivered in a timely manner. ·  Lead continuous improvement across total rewards programs and processes to improve responsiveness, consistency and employee experience. Experience and Qualifications·  Bachelor’s degree or an equivalent combination of education and applicable experience. ·  Typically 15 or more years of progressive experience in compensation, benefits or total rewards, including significant leadership experience across a broad portfolio and a record of developing strong teams. ·  Experience designing executive compensation in a publicly traded company and developing recommendations and materials for Compensation Committee and Board review. ·  Deep expertise in equity and incentive design, compensation governance and pay and performance analysis. ·  Demonstrated experience leading job architecture, job evaluation, salary structures and pay equity work and understanding how these frameworks support career development and organizational effectiveness. ·  Experience building compensation programs that support business outcomes while balancing competitiveness, internal equity and financial sustainability. ·  Experience managing a comprehensive benefits portfolio in pharmaceutical or biotechnology settings, including cost management, vendor negotiations and program evaluation. ·  Strong financial modeling, scenario planning and analytical skills with the ability to translate data into clear recommendations. ·  Strong executive communication and presentation skills, including the ability to explain complex rewards issues to senior leaders and Board audiences. ·  Ability to work effectively in a matrixed organization and influence decisions across People Success, Finance, Legal and business leadership. ·  Experience using AI, automation and technology to improve decisions and service delivery with sound judgment regarding privacy, accuracy and human oversight. ·  Advanc