Sr Mgr, Compensation & Benefits

Job Description

【Job Summary】

This position will be responsible for leading compensation and benefits (C&B) strategies for the Japan market, ensuring alignment with both local regulations and global corporate guidelines. In addition, the individual will directly support the VP, C&B on executive compensation matters within the remit of the relevant Board Compensation Committee. The ideal candidate will possess deep expertise in both broad-based and executive compensation, a thorough understanding of benefits administration, and strong stakeholder management skills.

【Responsibilities】

1. Compensation & Benefits Administration

• Design, implement, and manage compensation structures, including base pay, bonus, and benefits programs tailored for the Japan market.
• Ensure local C&B practices align with corporate policies, regulatory requirements, and market competitiveness.

2. Executive Compensation Support

• Partner with the VP, C&B to prepare and coordinate materials for the Compensation Committee, focusing on executive remuneration frameworks.
• Conduct market benchmarking, analyze compensation data, and provide recommendations to inform executive pay decisions.

3. Stakeholder Management

• Collaborate closely with HR, Finance, Legal, and Payroll teams to ensure seamless administration of compensation and benefits programs.
• Develop and maintain strong relationships with external consultants and vendors to maximize service delivery and cost efficiencies.

4. Program Management

• Lead on the coordination of global compensation programmes, including the Company’s annual compensation planning cycle, working alongside C&B colleagues in other regions.
• Coordinate the determination and monitoring of annual compensation programme budgets, including annual merit increase budgets, and monitoring of annual bonus plan performance against performance targets.
• Evaluate existing C&B programs for effectiveness, cost efficiency, and alignment with the company’s strategic objectives.
• Provide recommendations for enhancements, process improvements, and best practices to bolster the overall rewards strategy.

5. Leadership & Team Management

• Lead and mentor a team of C&B specialists, fostering a performance-driven and collaborative culture.
• Set team objectives, identify development opportunities, and implement strategies to build functional expertise.

6. Compliance & Risk Management

• Monitor and ensure compliance with local labor laws and global corporate governance, working with relevant advisors as needed.

7. Communication & Training

• Develop and deliver comprehensive communications and training materials in both English and Japanese to ensure employee understanding of C&B programs.
• Act as the subject matter expert for queries regarding compensation frameworks, benefits policies, and executive compensation processes.

Qualifications

• 7+ years of progressive experience in compensation and benefits, including at least 3 years in a managerial or leadership role.
• Demonstrated expertise in executive compensation, including benchmarking and supporting Compensation Committee decision-making with relevant materials
• Proven ability to manage multiple, complex projects with strong attention to detail and accuracy.
• Excellent analytical, problem-solving, and presentation skills; ability to transform data into actionable insights.
• Fluent in English and Japanese (both written and spoken); additional language skills are a plus.
• Strong stakeholder engagement skills with a track record of building cross-functional partnerships.

Additional Information

Recuiter : Masana Ueno

Renesas, under the Purpose of "To Make Our Lives Easier", provides embedded semiconductor solutions. As a leader in embedded semiconductors with high quality and system-level know-how, we offer scalable and comprehensive solutions centered on a wide product portfolio including high-performance computing, embedded processing, analog & connectivity, and power for automotive, industrial, infrastructure, and IoT fields.

With over 22,000 diverse employees in more than 30 countries, Renesas challenges limits, enriches user experiences through digitalization, and opens a new era of innovation. We are fully committed to developing sustainable and energy-efficient solutions for the future of people and communities worldwide, realizing "To Make Our Lives Easier".

What you can achieve at Renesas

• Start your career and advance: You can gain technical experience in various departments, including four product groups, and broad business experience. There are opportunities to deepen your expertise in hardware and software, or challenge new things.
• Do rewarding and impactful work: By being involved in the development of innovative products and solutions, you can meet the needs of customers worldwide and contribute to making people's lives more convenient, safe, and secure.
• Maximize your abilities in a "well-being" focused environment: Renesas aims to create an inclusive workplace environment by establishing flexible working systems such as remote work, and actively supporting employee resource groups. Our employee-first culture and global support system provide an environment where you can thrive immediately after joining.

Are you ready to seize success and build your career with your own power?

Let's shape the future together at Renesas.

We adopt a hybrid work model, allowing employees to work remotely two days a week. At the same time, on the remaining days, teams gather in the office to strengthen collaboration. Designated office days are Tuesday to Thursday, dedicated to innovation, collaboration, and continuous learning.

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