AVP, Total Rewards at Inovalon

Inovalon was founded in 1998 on the belief that technology, and data specifically, would empower the transformation of the entire healthcare ecosystem for the better, improving both outcomes and economics. At Inovalon, we believe that when our customers are successful in their missions, healthcare improves. Therefore, we focus on empowering them with data-driven solutions. And the momentum is building. Together, as ONE Inovalon, we are a united force delivering solutions that address healthcare’s greatest needs. Through our mission-based culture of inclusion and innovation, our organization brings value not just to our customers, but to the millions of patients and members they serve. Overview: The AVP, Total Rewards is responsible for developing, designing, and implementing broad-based total rewards (i.e., compensation, benefits, recognition, incentive, and well-being) programs enterprise-wide, supporting short- and long-term strategic business, operational, and talent objectives. The AVP, Total Rewards, collaborates with the broader HR organization and business leaders to identify strategic or transactional opportunities and to design and implement performance-driven and market-competitive solutions. Additionally, the AVP, Total Rewards, leads the design and delivery of various initiatives and programs to support alignment with the Company’s values, job architecture, compensation philosophy, and employee experience; and supports corporate strategic initiatives, including M&A activities. Duties and Responsibilities: • In partnership with HR domain specialists and HR business partners, collaborate with Inovalon business unit and executive leaders to develop and implement the enterprise-wide total rewards strategy, guidelines, and policies to address both USA and India market requirements and practices and ensure compliance with all regulatory requirements. • Effectively manage the compensation and benefits team members to ensure their skill sets, performance, goals and objectives are in alignment with the strategic, operational and service goals of the Human Resources organization. • Analyze, compile, research, and validate data to ensure the accuracy and appropriateness of analytics. Present and articulate relevant data and statistics to support an informative and compelling narrative. Design and prepare reports and presentations to compellingly articulate various total rewards analyses. • Serve as a subject matter expert that can lead the analysis, planning and delivery of the executive compensation program, including stock/equity plans, performance incentive and executive rewards programs, and the ability to identify issues and develop effective recommendations. • Develop and implement suitable controls to ensure consistent accuracy in all data, reports, and analytics prepared or delivered by the Total Rewards team and drive a culture of accountability and ownership for accuracy and attention to detail. • Assess compensation and benefits market trends and best practices to inform executive leadership about current external market conditions and their potential impact on total rewards planning and budgeting. Ensure the enterprise is equipped with insights and intelligence to make robust decisions which ensure a competitive market position is maintained. • Lead the design and maintenance of the company-wide job description records, and development and management of the job description reference library. • Manage the annual spend against budget, overseeing vendor contracts, performance and relationships with Inovalon’s total rewards program providers and consulting partners. • Effectively lead and manage the planning and delivery of all annual compensation and benefits programs, including open enrolment, yearly and mid-year compensation reviews, promotion planning, and bonus/incentive plan reviews from design through execution, including detailed project planning, communication planning, risk analysis and execution through cross-team collaboration. • Partner with HRIS, People Services and Solutions, HR Business Partners, and Talent Management and Development to ensure seamless integration, communication, and execution of total rewards policies, practices, and programs. • Other HR, talent, or business management duties as requested or determined from time to time. • Maintain compliance with Inovalon’s policies, procedures, and mission statement. • Adhere to all confidentiality and HIPAA requirements of Inovalon’s Operating Policies and Procedures in all ways and at all times regarding any aspect of the data handled or services rendered in the undertaking of the position. • Fulfill those responsibilities or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Employer. Job Requirements: • Minimum fifteen (15) years of increasing responsibility with total rewards program analysis, design, and administration. • Minimum five years experience leading a geographically diverse team. • Mergers and Acquisitions (M&A) integration and job mapping experience. • Experience designing and implementing Executive Compensation programs and policies. • Experience in salary and incentive plan design, sales compensation, international compensation, stock/equity compensation plans, employee benefits, and wellness programs. • Experience building complex total rewards financial models. • Advanced knowledge of North American compensation and benefits practices and legislative requirements. • A foundational understanding of Indian compensation and benefits practices and legislative requirements. Education: • Bachelor’s degree or equivalent education or career experience; and • Certified Compensation Professional, CCP or Professional in Human Resources certification, PHR/SHRM preferred. Physical Demands and Work Environment: • Sedentary work ( i.e., sitting for long periods). • Exerting up to 10 pounds of force occasionally or a negligible amount of force. • Frequently or constantly lift, carry, push, pull or otherwise move objects and repetitive motions. • Subject to inside environmental conditions. • Travel for this position will be less than 10% within the USA, usually for business meetings and training purposes. Inovalon Offers a Competitive Salary and Benefits Package In addition to the base compensation, this position may be eligible for performance-based incentives. The actual base pay offered may vary depending on multiple factors including, but not limited to, job-related knowledge/skills, experience, business needs, geographical location, and internal equity. At Inovalon, it is not typical for an individual to be hired at or near the top end of the range for their role, and compensation decisions are dependent upon the facts and circumstances of each position and candidate. Inovalon invests in associates to help them stay healthy, save for long-term financial goals, and manage the demands of work and personal commitments. That’s why Inovalon offers a valuable benefits package with a wide range of choices to meet associate needs, which may include health insurance, life insurance, company-paid disability, 401k, 18+ days of paid time off, and more. Base Compensation Range$174,446—$240,000 USDThis position is not eligible for immigration sponsorship (e.g. H-1B, TN, or E-3). Applicants must be authorized to work in the United States as a condition of employment. (This is only applicable for US-based positions) If you don’t meet every qualification listed but are excited about our mission and the work described, we encourage you to apply. Inovalon is most interested in finding the best candidate for the job, and you may be just the right person for this or other roles. By embracing inclusion, we enhance our work environment and drive business success. Inovalon strives to provide equal opportunities to the communities where we operate and to our clients and everyone whom we serve. We endeavor to create a culture of inclusion in which our associates feel empowered to bring their full, authentic selves to work and pursue their professional goals in an equitable setting. We understand that by fostering this type of culture, and welcoming different perspectives, we generate innovation and growth. Inovalon is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirement. To review the legal requirements, including all labor law posters, please visit this link To review the California Consumer Privacy Statement: Disclosures for California Residents, please visit this link