Head of Faculty Compensation

Pay Range: $146,100.00-$241,100.00 Company Overview:

The people of Memorial Sloan Kettering Cancer Center (MSK) are united by a singular mission: ending cancer for life. Our specialized care teams provide personalized, compassionate, expert care to patients of all ages. Informed by basic research done at our Sloan Kettering Institute, scientists across MSK collaborate to conduct innovative translational and clinical research that is driving a revolution in our understanding of cancer as a disease and improving the ability to prevent, diagnose, and treat it. MSK is dedicated to training the next generation of scientists and clinicians, who go on to pursue our mission at MSK and around the globe.

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Job Description:

Exciting Opportunity at MSK: Join our team as Head of Faculty Compensation.

We are looking for an experienced and dynamic individual to oversee and advance our compensation programs for faculty across Memorial Hospital and the Sloan Kettering Institute.

If you are a forward-thinking compensation professional passionate about ensuring competitive and fair compensation practices, we invite you to apply!

Role Overview:

This role will be pivotal in ensuring that our compensation practices are competitive and equitable, and follow all applicable laws and regulations. Collaborating with Total Rewards leadership, develop and implement MSK's Faculty Compensation Philosophy. Establish and maintain policies and procedures for its administration.

Key Responsibilities:

• Serve as an expert advisor on all aspects of faculty compensation, including salary recommendations, market adjustments, incentives, and deferred compensation arrangements.
• Provide operational leadership for the redesign of the clinical practice plan initiative. Align incentive pay with clinical productivity, extend incentives to all faculty in the practice plan, and adjust compensation benchmarks and target ranges.
• Manage the annual review process for faculty pay in conjunction with the Office of the Chief Physician Executive and department leadership. Audit the process to ensure accuracy and recommend improvements.
• Develop metrics and tools to assess the competitiveness and appropriateness of compensation programs. Conduct market studies and apply data sources to benchmark pay.
• Ensure compliance with legal and regulatory requirements, including federal tax law and Fair Market Value (FMV) standards.
• Support the Senior Director of Compensation and SVP of Total Rewards with JHRC activities related to faculty compensation.
• Promote a shared understanding of compensation philosophy, policies, and procedures across departments.

Key Qualifications:

• Proven experience in compensation management, particularly within a healthcare or academic setting.
• Demonstrated ability to develop and implement compensation strategies, policies, and funding models.
• Strong understanding of regulatory compliance, including federal tax laws and Fair Market Value requirements.
• Experience with market studies, salary surveys, benchmarking, and competitive analysis.
• Excellent leadership skills with experience managing and mentoring a team.
• Strong analytical skills with experience in developing metrics and tools to assess compensation competitiveness.

Core Skills:

• Strategic Compensation Planning
• Regulatory Compliance and Legal Knowledge
• Market Analysis and Benchmarking
• Compensation Program Design and Optimization
• Leadership and Team Management
• Effective Communication and Advisory Skills

Additional information

Location: Hybrid

Schedule Monday – Friday

Reporting to the Senior Director of Compensation

Ray Range: $146,100.00-$241,100.00

Helpful Links:

• MSK Compensation Philosophy
• Review our great benefits offerings

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Closing:

MSK is an equal opportunity and affirmative action employer committed to diversity and inclusion in all aspects of recruiting and employment. All qualified individuals are encouraged to apply and will receive consideration without regard to race, color, gender, gender identity or expression, sexual orientation, national origin, age, religion, creed, disability, veteran status or any other factor which cannot lawfully be used as a basis for an employment decision.

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