Compensation & Benefits Director






- Driving, developing and executing Lundbecks Corporate Compensation & Benefits strategy

Lundbeck is a global pharmaceutical company specialized in brain diseases. For more than 50 years, we have been at the forefront of research within neuroscience. Our key areas of focus are alcohol dependence, Alzheimer’s disease, bipolar disorder, depression/anxiety, epilepsy, Huntington’s disease, Parkinson’s disease, schizophrenia, stroke and symptomatic neurogenic orthostatic hypotension (NOH). An estimated 700 million people worldwide are living with brain disease and far too many suffer due to inadequate treatment, discrimination, a reduced number of working days, early retirement and other unnecessary consequences. Every day, we strive for improved treatment and a better life for people living with brain disease – we call this Progress in Mind. Read more at www.lundbeck.com/global/about-us/progress-in-mind.

Our approximately 6,000 employees in 57 countries are engaged in the entire value chain throughout research, development, production, marketing and sales. Our pipeline consists of several late-stage development programmes and our products are available in more than 100 countries. We have research centres in China, Denmark and the United States and production facilities in China, Denmark, France and Italy. Lundbeck generated revenue of DKK15.3 billion in 2013 (EUR2.1 billion; USD2.7 billion). For additional information, we encourage you to visit our corporate site www.lundbeck.com.

Lundbeck offers a challenging position as Director for Compensation & Benefits, which is part of the HR department consisting of app. 70 highly skilled and committed employees working within HR Partnering, Recruitment, Talent Management, Learning & Development, HR Administration and Compensation & Benefits. HR has a keen focus on providing value adding business support to help Lundbeck achieve its strategic goals.

You will lead the Compensation & Benefits team, which is responsible for driving and developing Lundbecks global C&B strategy in order to support Lundbeck as a highly attractive place to work. Part of this is to manage and support a competitive pay for performance culture and to build a corporate transparent compensation & benefits structure with a global mindset to enhance mobility and fair treatment of employees across the organization. Key objectives for the position will be to promote transparency and process efficiency within compensation and benefits and to transform the C&B function to be an even more strategic sparring partner for the organization.

You will work closely with many stakeholders across the organization mainly other HR teams, Finance, Legal, Management and provide input and presentations to the Remuneration Committee responsible for top management and board salaries in Lundbeck. Your position reports to Vice President & Head of Corporate HR. You are supported by 3 dedicated employees in the team with strong C&B skills and knowledge about Lundbeck. They are in their early 40´s to early 50´es with academic background and working within assigned specialist areas. Key responsibility areas for the position are described below. Some tasks are handled by your direct reports while you also handle some of them yourself which makes the position span from a highly strategic to a more hands-on analytical perspective:

·       Ensure a clear compensation and benefits structure aligned with C&B and HR strategy and that total remuneration in Lundbeck is correspondent and competitive to the market level

·       Execute on global process ownerships; Salary adjustment, Short Term Incentives (STI), Long Term Incentives (LTI), and Global Mobility including correct administration towards users and Finance

·       Job evaluation based on Mercer as backbone for salary structure and benefits for a structured and unified way of working with salary. This also includes sourcing compensation benchmark analyses for the group

·       Provide analyses and presentations for decision making for Remuneration Committee and Management

·       Provide employment contracts for top management (e.g. VP´s, MD´s etc.) in cooperation with Legal

·       Define and communicate corporate policy on pension and provide support to affiliates and Management

·       Deliver Global Mobility services in accordance with the Corporate Policy

·       Take active part in implementation of new HR processes and HR Information systems within C&B

·       Report on incentive programs in close cooperation with Finance

·       Budget and cost control

·       Lead, motivate and inspire your team through an appreciative and delegating leadership style

·       Build up and promote a global C&B community in Lundbeck with participation from HQ, local and regional C&B resources

Location of the position is in Lundbecks corporate headquarters based in Valby, Copenhagen. Due to the corporate responsibility of the position, travel activity is estimated to approximately 10-20 days a year.

As the ideal profile to further build and develop this vital Compensation & Benefits Director position you have:

·       Academic credentials on a Master level in HR Management, Finance/Accounting or related field

·       At least 6-10 years solid compensation & benefits experience, alternatively HR controlling or similar

·       International experience in reward strategy and planning, compensation and benefits policy and processes, including external and internal benchmarking

·       Knowledge of a range of HR disciplines, including international mobility, employee relations, employee tax, performance management, and organization culture

·       Excellent numerical skills and highly proficient in Excel and PowerPoint

·       Fluent in written and oral English

Personal characteristics and competencies are extremely important for this position. Some of the most important are:

·        H igh level analytical abilities and business acumen enabling you to provide valuable C&B insights - attention to details, also with focus on the larger picture communication skills, both written and verbal, ability to explain complex subjects and present data in a logical and concise manner

·        structured, reliable  and well-organized personality supporting you in planning, executing and further developing C&B activities

·       Excellent communication skills, both written and verbal, ability to explain complex subjects and present data in a logical and concise manner

·       An outgoing personality and great interpersonal skills in order to work effectively across geographic and business boundaries within team and with senior business stakeholders

·       Good leadership skills including the ability to set objectives, prioritize activities and at the same time develop, inspire and motivate people

·       A robust, persistent and resilient personality, not giving up

Lundbeck Offers

A strategically important position due to the international nature of Lundbeck with a variety of position types in 57 countries all over the world. For a company like Lundbeck it is vital for success to attract and maintain highly skilled world-class employees where compensation, benefits and employment conditions plays a key role in this. There will be lots of opportunity to further strengthen the C&B area in Lundbeck.

The position entails a great deal of freedom and responsibility and also top management attention and exposure. The compensation and benefits package will be on an attractive level, which besides a fixed salary includes bonus, pension scheme and car allowance.

Additional information
The search process is conducted in collaboration with Focus Recruitment. In case of interest in or questions regarding the position, please contact Partner, Steffen Marstrand on 5051 9215 / sma@focus-recruitment.dk

Focus Recruitment
H.C. Ørsteds Vej 50 C, 5.
1879 Frederiksberg C
Tel: +45 70 20 92 15
Mail: info@focus-recruitment.dk