Bioventus

Compensation

Full Description

Are you ready to work for a more active world? At Bioventus, our business depends on developing our people. We invest in you and challenge you to be the best. We value our colleagues for their different perspectives and individual contributions, and our leaders listen. Our success rests on working together to achieve shared goals and rewards. Join a diverse team of global colleagues driven to help patients resume and enjoy active lives. We’re seeking a highly analytical and strategic Senior Compensation Analyst to lead compensation initiatives that support our mission of advancing scientific innovation and improving patient outcomes. This role blends deep compensation expertise with program management capabilities to design and deliver scalable, compliant, and market-aligned compensation programs across our global biotech and life sciences workforce — including R&D, clinical, regulatory and commercial functions. You’ll be instrumental in shaping our total rewards philosophy, ensuring our compensation programs attract top scientific talent, support retention and align with evolving industry benchmarks. **Preferred candidate location will be based in Durham, NC, in a hybrid work arrangement but remote candidates will also be considered. Compensation Strategy & Analysis 1. Conduct complex compensation analyses using internal and external benchmarking data 2. Develop salary structures, pay ranges and incentive models across job families and geographies 3. Manage the annual salary survey input and analysis; recommend corrective or alternative actions to resolve compensation-related problems as needed 4. Audit jobs for content, determine appropriate FLSA classification and assign internal salary grades 5. Partner with HR Business Partners and Talent Acquisition to advise on competitive pay practices 6. Lead annual compensation cycle (merit, bonus, equity), including budgeting, modeling, and communications 7. Prepare special studies and recommendations on subjects such as incentive compensation, bonus plans and sales compensation 8. Working with the Senior Manager Executive Compensation and Equity Programs, support existing and future recommendations for changes and/or enhancements to these programs 9. Ensure compliance with legal and regulatory requirements (FLSA, pay equity, etc.) 10. Act as a compensation subject matter expert (SME) for internal stakeholders, including HR Business Partners, Talent Acquisition, Legal and Finance 11. Other duties as assigned Program Management 1. Own end-to-end management of compensation-related programs (e.g., job architecture, career ladders, pay transparency, equity refresh cycles) 2. Develop and maintain project plans, timelines and stakeholder communications 3. Drive cross-functional initiatives with Finance, Legal and HRIS to enhance compensation systems and processes 4. Monitor program effectiveness and recommend improvements based on data insights and stakeholder feedback 5. Lead change management and communication efforts for new compensation policies across scientific and corporate teams Governance & Reporting 1. Maintain compensation policies, documentation and governance frameworks 2. Prepare executive-level dashboards and reports for senior leadership and board presentations 3. Support internal and external audits related to compensation practices (e.g., including SEC and proxy disclosures) 4. Stay ahead of market trends, legislative changes and emerging best practices, communicating findings, as needed, to the senior HR Management team 5. Monitor market trends in biotech compensation, including equity practices, retention strategies, and emerging pay transparency laws 6. Hold oneself and others accountable to conduct business in a manner compliant with Bioventus’ Code of Compliance and Ethics, policies and procedures and internal control applicable to their role Position Requirements 1. Bachelor’s degree in Human Resources, Finance, Business or related field 2. 5+ years of progressive experience in compensation analysis and program management, with at least 2 years in biotech, pharma, or life sciences 3. Advanced Microsoft skills (especially Excel) and proficiency with compensation tools (e.g., Radford, Workday, MarketPay) 4. Strong knowledge of compensation theory, job evaluation and market pricing methodologies 5. Proven ability to manage complex projects and influence cross-functional teams 6. Adaptable and comfortable shifting between high-level design, analytical and operational work, with a high degree of accuracy and attention to detail Preferred 1. CCP (Certified Compensation Professional) designation 2. Experience in high-growth or global organizations 3. Strong storytelling skills with data—able to translate insights into action 4. Experience managing compensation programs in a high-growth or regulated environment Are you the top talent we are looking for? Apply now! Hit the “Apply” button to send us your resume and cover letter. Bioventus is committed to fostering an inclusive and diverse community of employees with a strong sense of belonging. We believe we are bettered by all forms of diversity and take pride in working with top talent from every walk of life. In the spirit of inclusivity, qualified applicants will be considered without regard to age, ethnicity, disability, gender, veteran status, gender expression, gender identity, nationality, race, religion or sexual orientation. All individuals, regardless of personal characteristics, are encouraged to apply. Innovations for Active Healing that Enhance the Body’s Ability to Heal Bioventus is a global leader of innovations for active healing. Through a combination of internal product development, product/business acquisition, and distribution agreements, we will bring to market products which address a growing need for clinically effective, cost efficient, minimally invasive medical treatments, that engage and enhance the body’s natural healing processes. Are you ready to work for a more active world? At Bioventus, our business depends on developing our people. We invest in you and challenge you to be the best. We value our colleagues for their different perspectives and individual contributions, and our leaders listen. Our success rests on working together to achieve shared goals and rewards. Join a diverse team of global colleagues driven to help patients resume and enjoy active lives. Who is Bioventus? We are the market leader in developing clinically proven and cost-effective solutions for pain treatment & joint preservation, restorative therapies and bone graft substitutes with products recognized for their safety, innovation and effectiveness. $500+ million in annual revenue 1100+ employees worldwide Helping 700,000+ people every year The Bioventus team always puts patients at the forefront, and their needs are the priority in the choices we make and actions we take.