Director, Compensation & Equity Administration

ABOUT THIS POSITION

The Director of Compensation will lead our compensation initiatives and ensure competitive and equitable pay practices across the organization. The Sr. Director of Compensation will be responsible for developing and executing comprehensive compensation strategies that align with our business objectives and support the growth of our team members.

WHAT YOU'LL DO

·     Compensation Strategy Development: Develop and implement compensation strategies that support the organization's overall business strategy and objectives. 

·     Executive Compensation: Design and manage executive compensation programs, ensuring alignment with performance and business goals, and compliance with regulatory requirements. 

·     Equity Planning: Oversee equity compensation planning and administration, including stock options, restricted stock units (RSUs), and other equity-based awards. 

·     Equity Administration: Manage the administration of equity programs and technology, including systems administration, vesting schedules, annual reporting, and compliance with regulatory requirements. 

·     Merit & Bonus Planning: Lead the annual merit increase and bonus planning processes, ensuring fairness, consistency, and alignment with performance metrics. 

·     Variable Compensation Support: Provide guidance and support on variable pay programs, including sales incentives, commission plans, and performance-based bonuses. 

·     Compensation Tool Selection and Support: Evaluate, select, implement, and manage compensation tools and systems to support compensation planning, administration, and analysis. 

·     Market Analysis and Benchmarking: Conduct regular market analysis and benchmarking to ensure competitiveness of compensation programs and practices. 

·     Compliance and Governance: Ensure compliance with all applicable laws and regulations related to compensation and benefits, and maintain governance over compensation policies and practices. 

·     Collaboration and Communication: Partner with HR Business Partners, Finance, Legal, and other stakeholders to align compensation programs with organizational objectives and ensure effective communication of compensation-related information. 

WHAT YOU'LL NEED

• Bachelor's degree in Human Resources, Business Administration, Finance, or related field; Master's degree preferred. 

• Certified Compensation Professional (CCP) designation preferred. 

• 10+ years of progressive experience in compensation, with a focus on strategy development, executive compensation, equity administration, and variable pay programs. 

• Strong knowledge of compensation best practices, trends, and regulatory requirements. 

• Excellent analytical skills with the ability to analyze complex data, draw conclusions, and make data-driven recommendations. 

• Strong leadership and people management skills, with experience leading a team or managing projects. 

• Exceptional communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels of the organization. 

Bonus Points

• Experience working with Workday

WAYSTAR PERKS

• Competitive total rewards (base salary + bonus, if applicable)
• Customizable benefits package (3 medical plans with Health Saving Account company match)
• We offer generous paid time off for our non-exempt team members, starting with 3 weeks + 13 paid holidays, including 2 personal floating holidays. We also offer flexible time off for our exempt team members + 13 paid holidays
• Paid parental leave (including maternity + paternity leave)
• Education assistance opportunities and free LinkedIn Learning access
• Free mental health and family planning programs, including adoption assistance and fertility support
• 401(K) program with company match
• Pet insurance
• Employee resource groups

Waystar is proud to be an equal opportunity workplace. We celebrate, value, and support diversity and inclusion. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, marital status, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.