VP, Total Rewards

Posted 18 Days Ago
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Chicago, IL
Senior level
Cannabis • Retail • Pharmaceutical
We are growing green for good and championing everyone's journey to well-being.
The Role
The VP of Total Rewards will lead the development and optimization of compensation and benefits strategies within a high-growth public company. This includes managing equity plans, overseeing compliance, and coordinating with HR and business leaders to enhance employee engagement and align rewards with company growth strategies.
Summary Generated by Built In

The Role
Reporting to the Chief Administrative Officer, this leader brings a strong background and interest in leading total rewards in an emerging, high-growth, public company. Our company has a great and diverse team of employees across our manufacturing, retail, and corporate groups who have joined us through organic growth and acquisition. We look to optimize and align our compensation and benefits mix and investment to attract, retain, and motivate our people in line with our growth strategy. In addition to ensuring our compensation plans are well-understood, valued, and flawlessly administered, this position will strengthen our systems and reporting, manage risk, cultivate our talent, and develop the right amount of process as we grow. We are looking for someone who welcomes solving problems, exceptional business judgment, relationship skills, and the ability to be hands-on and execute for impact. This position is based at our headquarters in Chicago, IL.

Responsibilities

  • Leadership
    • Partners with the People Team and Rewards team to continue to strengthen our compensation plans
    • Develops rewards, payroll, and HRIS team members to grow bench strength and expertise. Inspires team
      spirit among the team. Leads change effectively. Provides backup and support.
    • Builds relationships and establishes a strategic communication loop with the HR and recruiting team
      members including in our sites regarding compensation and benefits matters.
  • Compensation and Annual Review Process
    • Partners with leadership and business stakeholders to execute and communicate the organization’s compensation plans to attract and retain top talent and optimize compensation spend.
    • Develops both broad-based hourly and salaried compensation strategy
    • Prepares compensation committee, management, and shareholder materials in a clear and concise manner. Leads Green Thumb’s Compensation Committee meetings
    • Leads all equity plan administration
    • As requested, benchmarks key positions for base pay, bonus, equity. Support the development of compensation guidelines.
    • Oversees recognition programs execution, including design, costing, execution.
  • Equity Plan Administration
    • Administers the equity programs, including maintenance of data (e.g., new hires, terminations, agreements, etc.) and account information in the equity database, ensuring that all participant equity plan transactions (RSU and options grants, exercises, releases, vesting forfeitures, etc.) are correctly processed and settled in a timely manner.
    • Serves as an equity administration resource to participants, vendors, and business partners, providing them with complete and accurate information. Partners with Finance, Legal, and Payroll for accurate reporting including for SEC filings (e.g., proxy) and with internal and external auditors to perform routine audits. Adheres to all SOX and other established controls, reviewing and updating controls as needed.
    • Manages our Global Shares vendor.
    • Completes surveys and assists with compiling benchmark data for equity plans.
    • M&A: Play a lead HR role in M&A planning, review, and integration.
  • Compliance and Operations
    • Policies and Process: Identifies, recommends, and executes against opportunities to strengthen and simplify our policies, systems, and processes.
    • Regulatory Compliance: Collaborates with legal and finance teams on regulatory matters to comply with all compensation and operational regulations.
    • Metrics: Develops HR metrics to communicate trends and monitor progress for continuous improvement (e.g., diversity, attrition, trends, annual review process, benefits

Qualifications

  • Bachelor’s Degree. MBA or JD a plus
  • 12+ years progressively responsible and hands-on business experience in compensation, equity plans, benefits,
    and HR systems and reporting with market-leading companies. Combination of large and early stage companies
  • Experience in both broad based and executive compensation
  • Public company experience required
  • Experience with a premier global compensation advisory organization a plus
  • Exceptional business judgment with an entrepreneurial style and a client-service and practical approach.
  • Natural rapport-builder with exceptional collaboration and communication skills
  • Exceptional ability to work with, influence, coach, and facilitate at all levels
  • History of building positive relationships internally and externally
  • Enjoys change and adapts constructively
  • Ability to work in an unstructured and changing environment to execute against priorities
  • Personal commitment to the highest standards of work product, confidentiality, and integrity
  • Adapts and thrives in a demanding, fast-paced environment
  • Possesses a high level of critical thinking
  • Operates with a high level of professionalism and integrity, including dealing with confidential information
  • Must understand and comply with the rules, regulations, policies, and procedures of Green Thumb
  • Must have a solid understanding of the Medical Marijuana laws, rules and regulations and passion to further their understanding and knowledge of the industry and the laws.

Additional Requirements

  • Must pass any and all required background checks
  • Must be and remain compliant with all legal or company regulations for working in the industry


What the Team is Saying

Rich
Ben
Jalen
The Company
HQ: Chicago, IL
4,800 Employees
Hybrid Workplace
Year Founded: 2014

What We Do

We are a national cannabis consumer packaged goods company and retailer. Our mission is to promote well-being through the power of cannabis while giving back to the communities in which we serve. Established in 2014, Green Thumb employs over 4,800 people and serves thousands of patients and customers each year.

Green Thumb manufactures and distributes a portfolio of branded cannabis products including RYTHM, Dogwalkers, Beboe, Good Green, incredibles, Doctor Solomon’s, &Shine, and owns and operates rapidly growing national retail cannabis stores called RISE.

Why Work With Us

Cannabis is a rapidly growing industry. It's the Great American Growth story, and it is much more than revenue numbers. It's a story about people first. From our commitment to helping right the wrongs caused by the War on Drugs to our passionate team members, people and their well-being are at the core of everything we do at Green Thumb.

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Green Thumb Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Typical time on-site: Flexible
HQChicago, IL
Green Thumb is located in River North, a short walk from the Chicago Brown Line, near the Ohio expressway entrance, and close to many major bus routes. Or Green Thumb may be a living room or home office! HQ remains open, giving our teammates options to choose what suits each individual & team best.

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