Sr Compensation Analyst

Apply for the Sr Compensation Analyst role at Bioventus.

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.

• Conduct complex compensation analyses using internal and external benchmarking data.
• Develop salary structures, pay ranges, and incentive models across job families and geographies.
• Manage the annual salary survey input and analysis; recommend corrective or alternative actions to resolve compensation-related problems as needed.
• Audit jobs for content, determine appropriate FLSA classification and assign internal salary grades.
• Partner with HR Business Partners and Talent Acquisition to advise on competitive pay practices.
• Lead annual compensation cycle (merit, bonus, equity), including budgeting, modeling, and communications.
• Prepare special studies and recommendations on subjects such as incentive compensation, bonus plans, and sales compensation.
• Working with the Senior Manager Executive Compensation and Equity Programs, support existing and future recommendations for changes and/or enhancements to these programs.
• Ensure compliance with legal and regulatory requirements (FLSA, pay equity, etc.).
• Act as a compensation subject matter expert (SME) for internal stakeholders, including HR Business Partners, Talent Acquisition, Legal, and Finance.
• Other duties as assigned.

• Own end-to-end management of compensation-related programs (e.g., job architecture, career ladders, pay transparency, equity refresh cycles).
• Develop and maintain project plans, timelines, and stakeholder communications.
• Drive cross‑functional initiatives with Finance, Legal, and HRIS to enhance compensation systems and processes.
• Monitor program effectiveness and recommend improvements based on data insights and stakeholder feedback.
• Lead change management and communication efforts for new compensation policies across scientific and corporate teams.

• Maintain compensation policies, documentation, and governance frameworks.
• Prepare executive‑level dashboards and reports for senior leadership and board presentations.
• Support internal and external audits related to compensation practices (e.g., including SEC and proxy disclosures).
• Stay ahead of market trends, legislative changes, and emerging best practices, communicating findings as needed to the senior HR Management team.
• Monitor market trends in biotech compensation, including equity practices, retention strategies, and emerging pay transparency laws.
• 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.

• Bachelor’s degree in Human Resources, Finance, Business, or related field.
• 5+ years of progressive experience in compensation analysis and program management, with at least 2 years in biotech, pharma, or life sciences.
• Advanced Microsoft skills (especially Excel) and proficiency with compensation tools (e.g., Radford, Workday, Market Pay).
• Strong knowledge of compensation theory, job evaluation, and market pricing methodologies.
• Proven ability to manage complex projects and influence cross‑functional teams.
• Adaptable and comfortable shifting between high‑level design, analytical, and operational work, with a high degree of accuracy and attention to detail.

• CCP (Certified Compensation…