Head of Executive Compensation & Equity Plans

TITLE:

Head of Executive Compensation & Equity Plans

Title: Head of Executive Compensation & Equity Plans

Reports To: Global C&B Director

Location: Richmond, VA

Indivior is a global specialty pharmaceutical company working to help change patients' lives by developing medicines to treat substance use disorders (SUD) and serious mental illnesses. The name is the blend of the words individual and endeavor, and the tagline “Focus on you” makes the company’s commitment clear. It represents and empathizes with the often-difficult journey each individual patient takes to overcome the challenges of addiction and mental illness.

Indivior is dedicated to transforming addiction from a global human crisis to a recognized and treated chronic disease. Our vision is that all patients around the world will have access to evidence-based treatment for the chronic conditions and co-occurring disorders of SUD. The Indivior logo radiates its patient-focused, holistic focus on expanding access to quality treatment for addiction worldwide. Building on its global portfolio of opioid use disorder treatments, Indivior has a pipeline of product candidates designed to both expand on its heritage in this category.

POSITION SUMMARY:

The Head of Executive Compensation and Equity Plans will have overall responsibility for managing the Group’s share plans, will play a lead role in supporting the Legal & Governance Team in connection with required remuneration disclosures including the Director Remuneration Report (DRR) in the UK and the CD&A in the US and will assist the Compensation Committee on executive compensation matters. This role will also have growing responsibilities in the strategy and evolution of the Company’s compensation and benefits design.

ESSENTIAL FUNCTIONS:

The responsibilities of this role include, but are not limited to, the following:

• Overall responsibility for the strategy, design and executions of all the Group's share plans including the management across US and UK
• Lead the administration and coordination of both high profile and routine activities such as working with third parties across the US and UK on the design of share plans, including but not limited to the benchmarking, drafting and reviewing of share plans rules, managing of the approval of plan rules through resolutions at the Annual General Meeting, global share plan awards, vesting, exercising and lapsing of share-based incentives.
• Working with Group Finance to reconcile the outstanding award registers and support regarding the share-based payment accounting charges.
• Working with Group Finance regarding the funding of the Group's share plans through new issue, market purchase and/or net settlement and provide reports for the Remuneration Committee on dilution and headroom as required.
• Manage and develop relationships with specialist external providers including share plan administrators (Global Shares), Employee Benefit Trust (Apex), share plan advisors (Deloitte), remuneration advisors (Mercer and Deloitte) and auditors (PWC).
• Maintain and update participant information resources in relation to share based incentives. Be a point of contact for internal stakeholders with regards to share plan matters.
• Work alongside Group functions including Finance, Tax and Treasury to monitor compliance with processes, reporting requirements, relevant legislative and regulatory requirements in connection with the share plans.
• With support from advisors, ensure that all relevant payroll taxes are managed and reported effectively, to include relevant tax returns and reporting.
• Support the Global Compensation & Benefits Director with all aspects of share-based global executive remuneration including constructing compensation packages to support senior executive hiring including buy-outs (e.g. valuation of equity arrangements).
• Prepare draft papers and recommendations for the Compensation Committee in relation to share incentive matters. Maintain induction materials for new members of the Compensation Committee.
• Work with the Global Compensation & Benefits Director on the review of external advisers to the Compensation Committee as required.
• Support in the preparatory work ahead of the Annual General Meeting (lines to take on remuneration, Q&As).
• Provide all necessary data to support Stock Exchange Announcements and required SEC disclosures relating to Board and executive level remuneration and PDMR/executive officer share transactions.
• Support the Legal and Governance teams in administering the Group Dealing Code and insider reporting under UK and US reporting requirements (e.g. PDMR, Section 16).
• Support the Company Secretary with statutory reporting by drafting the Directors' Remuneration Report within the UK Annual Report & Accounts, including compiling all information (for example producing emoluments statements and obtaining approvals), and working with the external auditors.
• Support the Company Secretary with the drafting of the triennial Directors’ Remuneration Policy and support with the Chair of the Compensation Committee with shareholder engagement and consultation.
• Conduct the compliance review of the Directors' Remuneration Report in respect of compliance with the (i) Companies Act 2006; (ii) Large & Medium Sized Companies & Groups Regulations 2008 and (iii) the UK Disclosure Guidance and Transparency Rules.
• Support the Global Compensation & Benefits Director with any reward, remuneration or benefits enquiry required including supporting on confidential remuneration advice for our Executive Committee and senior leaders.
• Support the Legal and Governance teams in connection with required disclosures in the annual report on Form 10-K, 8-K and SEC proxy statement, including CD&A tables in connection with both routine reporting and extraordinary shareholder proposals.
• Support the calculations of pay versus performance related to equity, including compensation actually paid and appropriate SEC Measurements.
• Ensure compliance with SEC regulations regarding executive compensation disclosure.
• Overall support to Global C&B Director on all Executive Compensation matters.

MINIMUM QUALIFICATIONS:

• Preferably experienced in working in a large, complex multi-national organisation or a major remuneration consulting firm with 10+ years of experience.
• Knowledge of SEC filing requirements and experience preparing proxy statements and other SEC filings
• Experience in reward management from executive to operational levels using leading methodologies and processes. Knowledge of best practice reward practices and policies.
• Familiarity with UK public filing process and corporate governance requirements.
• Experience with dual-listed companies, specifically with relevant global share plans experience in a US/UK listed PLC, and good knowledge of statute, corporate governance, and emerging trends in respect of share plans.
• Experience completing the CD&A portion of the Proxy for a US public company.
• Relevant professional certifications (CCP or Global Remuneration Professional) desirable.

COMPETENCIES/CONDUCT:

In addition to the minimum qualifications, the employee will demonstrate:

• Strong verbal and written communication skills and the ability to interact with team colleagues, people leaders and executive team members.
• Demonstrated ability to think creatively and solve complex problems.
• Extremely detail-oriented with high sense of accountability and ability to think strategically.

BENEFITS:

Indivior is committed to providing a culture driven by guiding principles and top-tier benefits that match the importance of the work we do. The Indivior experience includes

• 3 weeks’ vacation plus floating holidays and sick leave
• 401(k) and Profit Sharing Plan- Company match of 75% on your first 6% of contributions discount and profit sharing contribution equal to 4% of your eligible pay
• U.S. Employee Stock Purchase Plan- 15% Discount
• Comprehensive Medical, Dental, Vision, Life and Disability coverage
• Health and Dependent Care Flex Spending options
• Adoption assistance
• Tuition reimbursement
• Leverage Concierge/personal assistance services
• Voluntary benefits including Legal, Pet Insurance and Auto/Home coverage
• Gym, fitness facility and cell phone discounts
• Our Guiding Principles, Core Values and Vision provide a culture that unites and guides our employees.

GUIDING PRINCIPLES:

Indivior’s guiding principles are the foundation for each employee’s success and growth. Each employee is expected to demonstrate understanding and adherence to our guiding principles in their everyday performance.

COMPLIANCE OBLIGATIONS:

Indivior is committed to maintaining a workplace where employees are committed to compliance and feel comfortable raising concerns about potential violations of policies or unethical behaviour. As part of your responsibilities, you are expected to:

Employee Obligations:

• Always act with honesty and integrity.
• Risk IQ: Know what policies apply to your role and function and adhere to them.
• Speak Up: If you see something, say something.

Manager Obligations:

• Always act with honesty and integrity
• Reinforce risk awareness with your team, with accountability and oversight for ongoing review and mitigation.
• Model and reinforce a Speak Up culture on your team.

The duties and responsibilities identified in this position description are considered essential but are not limited to only those outlined. The employee may perform other functions that may be assigned. Management retains the discretion to add or change the duties of this position at any time.

EQUAL EMPLOYMENT OPPORTUNITY

EOE/Minorities/Females/Vet/Disabled