What are the responsibilities and job description for the Senior Compensation Manager position at Cohere Health?
Company Overview:
Cohere Health is a fast-growing clinical intelligence company that’s improving lives at scale by promoting the best patient-specific care options, using cutting-edge AI combined with deep clinical expertise. In only four years our solutions have been adopted by health plans covering over 15 million lives, while our revenues and company size have quadrupled. That growth combined with capital raises totaling $106M positions us extremely well for continued success. Our awards include: 2023 and 2024 BuiltIn Best Place to Work; Top 5 LinkedIn™ Startup; TripleTree iAward; multiple KLAS Research Points of Light awards, along with recognition on Fierce Healthcare's Fierce 15 and CB Insights' Digital Health 150 lists.
Opportunity Overview:
Reporting to the Chief People Officer, the Sr. Compensation Manager will be responsible for shaping and leading Cohere’s compensation programs to attract, motivate, engage and retain top talent. They will oversee a wide range of compensation programs and services to support the initiatives and strategic goals of the organization. This position is responsible for ensuring that pay practices are fair, equitable and competitive.
In this role you will be fully responsible for all aspects of compensation providing both strategic and tactical support and partnership across the People Team and the organization. The successful candidate will have proven experience working within the healthcare technology or technology space and have had interaction with compensation committees. This role will represent the People Team by building and communicating philosophies, processes, policies, and capabilities within the compensation space.
The Sr. Compensation Manager maintains an effective level of business literacy about the company, its near and long term goals, midrange plans, its culture, and its competition. The ideal candidate brings creative solutions and thrives in a growing, dynamic, and fast-paced environment. Resourcefulness and agility to pivot with the business is needed.
Last but not least: People who succeed here are empathetic teammates who are candid, kind, caring, and embody our core values and principles. We believe that diverse, inclusive teams make the most impactful work. Cohere is deeply invested in ensuring that we have a supportive, growth-oriented environment that works for everyone.
What you will do:
- Manage and refine job architecture, base pay, incentives, equity, and recognition programs to support business needs
- Advise People Business Partners and managers on compensation philosophy, practices, and programs, ensuring alignment with market data and job evaluations
- Conduct annual compensation reviews, analyze market trends, and participate in benchmarking surveys to inform strategy updates
- Lead annual compensation and promotion cycles in partnership with People Operations and Business Partners
- Develop and deliver compensation training for People Business Partners and Talent Acquisition to support effective communication with employees and candidates
- Ensure compliance with local and federal compensation laws while supporting ad hoc projects, including M&A, system implementations, and IPO-related work
- Partner with Talent Acquisition to develop competitive compensation offers and contribute to broader People Team initiatives
- Build a deep understanding of the organization’s structure, roles, and compensation philosophy
Your background & requirements:
- 5-8 years of compensation management experience, including design and administration
- High-growth tech or health tech experience required
- Deep knowledge of US compensation laws, regulations and best practices
- Experience with pay equity analysis and benchmarking surveys
- Strong analytical, problem-solving, and organizational skills with the ability to balance priorities and meet deadlines
- Experience working with both salaried and hourly employees
- Proven ability to influence, coach, and drive strategic outcomes
- Proficiency in Excel, ADP, Google Suite, Slack, or similar tools
- CCP or other compensation certification preferred
- Healthcare and call center compensation experience preferred
- Experience with Pave benchmarking software preferred
- East Coast or Central US location required; Greater Boston area strongly preferred
We can’t wait to learn more about you and meet you at Cohere Health!
Equal Opportunity Statement:
Cohere Health is an Equal Opportunity Employer. We are committed to fostering an environment of mutual respect where equal employment opportunities are available to all. To us, it’s personal.
The salary range for this position is $130,000 - $160,000 annually; as part of a total benefits package which includes health insurance, 401k and bonus. In accordance with state applicable laws, Cohere is required to provide a reasonable estimate of the compensation range for this role. Individual pay decisions are ultimately based on a number of factors, including but not limited to qualifications for the role, experience level, skillset, and internal alignment.
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Salary : $130,000 - $160,000
