What are the responsibilities and job description for the Senior Manager, Executive Compensation position at Quest Diagnostics?
The Role
The Senior Manager, Executive Compensation is a key member of Quest’s Total Rewards team and plays an important role in driving the organization's success by aligning our executive compensation and incentive programs with the Company’s business objectives and long-term strategy.
Reporting to the Senior Director, Executive Compensation, you will also work closely with the VP, Rewards and Workforce Analytics and other members of the Total Rewards team to ensure that the design, implementation, and administration of executive compensation programs are aligned with the company’s strategic objectives and ensure a competitive, fair, and motivating pay structure for executives. This role requires expertise in executive compensation practices, governance, legal and regulatory compliance, as well as scenario modeling. The Senior Manager works closely with HR leadership, finance, legal and external consultants, and provides critical support to the Compensation & Leadership Development Committee of the Board of Directors.
Responsibilities
- Partner with HR leadership, finance, legal, and other internal stakeholders in the design and execution of Quest’s executive compensation programs.
- Manage job evaluation, market benchmarking and internal equity reviews in support of competitive compensation decisions for executive roles.
- Conduct in-depth analyses and modeling of compensation data, incentive plans, and potential program impacts.
- Maintain Compensation & Leadership Development Committee calendar and coordinate preparation for Committee meetings, including timeline, assisting in preparation of materials, liaising with executive compensation consultants, etc.
- In partnership with the legal and finance teams, assist in the preparation of executive compensation-related disclosures for proxy statements, as well as other related SEC filings.?
- Collaborate with both internal and external stakeholders to ensure executive compensation programs comply with relevant regulations, including SEC reporting requirements, tax laws and other applicable legal standards.
- Manage the administration of the Company’s equity program, including overseeing the third- party administrator, to ensure program is managed effectively including timely reporting for financial, tax, and regulatory purposes.
- Monitor and report on equity plan utilization, share pool management and dilution.
- Partner with both internal and external resources to develop and deliver communication materials to improve employee understanding of the Company’s executive compensation programs.
- Manage the administration of Board of Directors’ compensation program.
- Partner with other members of the Rewards team in managing equity award planning for the annual compensation planning processes.
- Lead or support special projects related to executive pay, such as M&A due diligence, executive hire packages, and retention plans.
Required Qualifications
Quest Diagnostics is an equal employment opportunity employer. Our policy is to recruit, hire and promote qualified individuals without regard to race, color, religion, sex, age, national origin, disability, veteran status, sexual orientation, gender identity, or any other status protected by state or local law. Quest Diagnostics observes minimum age requirements established by federal, state and / or local laws, and will ask an applicant for verification when deemed necessary.
