Associate Director/ Director Executive Compensation

Job description

**Job Description** **Associate Director / Director** **Executive Compensation** **Jubilant Pharmova Limited** **JOB DESCRIPTION** **Jubilant Bhartia Group** The Jubilant Bhartia Group is a USD multibillion global conglomerate with global presence in diverse sectors like Pharmaceuticals, Chemicals, Food Service (QSR) and Auto Retail. With 56,000 global workforce and presence in 80+ countries, the Jubilant Bhartia Group has four listed companies on the India Stock Exchanges. The Group prioritises Environment, Social and Governance (ESG), use of renewable energy and digitisation at the core of their operations. Jubilant Bhartia Foundation, the CSR arm of the Group, is deeply committed to Corporate Social Responsibility, focused towards Primary Education, Healthcare, Skills and Community Development and Social Entrepreneurship. Group companies are as follows: - Jubilant Ingrevia (www.jubilantingrevia.com); Jubilant Pharmova (www.jubilantpharmova.com); Jubilant FoodWorks (www.jubilantfoodworks.com); Jubilant Industries (www.jubilantindustries.com); Jubilant Consumers (www.jubilantconsumers.com); Jubilant Enpro (www.jubilantenpro.com); Jubilant MotorWorks (www.jubilantmotorworks.com); Jubilant Bhartia Foundation - Not for profit organization (www.jubilantbhartiafoundation.com) **Our Vision** To acquire and maintain global leadership position in chosen areas of businesses To continuously create new opportunities for growth in our strategic businesses To be among the top 10 most admired companies to work for To continuously achieve a return on invested capital of at least 10 points higher than the cost of capital. **Our Promise** We will, with utmost care for the environment and society, continue to enhance value for our customer by providing innovative products and economically efficient solutions; and for our stakeholders through growth, cost effectiveness and wise investment of resources. **Jubilant Pharmova Limited** Jubilant Pharmova Limited is an integrated global pharmaceutical company engaged in Radiopharma, Allergy Immunotherapy, Contract Development and Manufacturing of sterile injectable, Contract Research Development and Manufacturing, Generics and Proprietary Novel Drugs businesses. With a network of 45 radiopharmacies in the USA, the Radiopharma business is engaged in manufacturing and supply of radiopharmaceutical products and services. The Allergy Immunotherapy business is involved in the manufacturing and supply of allergic extracts and venom products in the USA and other markets such as Canada, Europe and Australia. Contract Development and Manufacturing of sterile injectables, with facilities in Spokane, USA, and Montreal, Canada, delivers end-to-end manufacturing solutions, including sterile fill-and-finish injectables (liquid and lyophilized), comprehensive ophthalmic products (liquids, ointments and creams) and ampoules. Contract Research Development and Manufacturing business provides end-toend drug discovery and development services to the pharmaceutical and biotech industries through three world class research centres (two in India and one in France) and a US FDA approved, Active Pharmaceutical Ingredients manufacturing facility in Nanjangud, Karnataka. The Generics business focuses on development, manufacturing and distribution of Solid Dosage Formulations through multiple manufacturing facilities that cater to all the regulated market including USA, Europe and other geographies. Proprietary Novel Drugs is an innovative biopharmaceutical business developing breakthrough therapies in the area of oncology and auto-immune disorders. Jubilant Pharmova has a team of around 5,500 multicultural people across the globe. The Company is well recognised as a ‘Partner of Choice’ by leading pharmaceuticals companies globally. For more information, please visit: www.jubilantpharmova.com. **The Position** **Organization** **: -** Jubilant Pharmova Limited **Designation: -** Associate Director / Director - Executive Compensation **Location** **: -** Noida **Reporting Manager: -** Sr. VP & Head-Compensation & Benefits **Job Summary: -** The incumbent will be responsible for the enterprise-wide executive compensation and compensation operations functions. Executive compensation responsibilities include providing leadership, direction, and functional expertise for Jubilant’ s senior level employee compensation programs including cash and equity based elements with the ability to design competitive plans and programs. The role will also be responsible for development and preparation of all required disclosures and materials for the Compensation Committee of the Board of Directors. Compensation operations responsibilities include leadership and direction of all aspects of compensation operations inclusive of the compensation administrations processes, data analytics, and reporting. Collaborating across all areas of the organization, this role is a key HR leadership role that will be responsible for compensation philosophy, strategy, and operational processes. **Key Responsibilities** - Works closely with the Head of Compensation & Benefits, to conceptualize, design and deliver various compensation programs for executive. - Review and design retention program in line with business requirements. - Work closely with the broader HR and Leadership teams to develop and implement a strategy that delivers a competitive mix of cash and equity elements of total compensation. - Effectively communicate and provide education and training material to support compensation programs and processes. - Review the design of the organization’s short-term incentive bonus and long-term incentive equity plans and ensure they are fit for purpose and market competitive. - Provide consultation and recommendations on executive compensation for all VP and above organization wide and evaluate all market data for executive positions. - Prepare compensation decks of KMP/Sr Management for NRC & Boa