VP Total Rewards

Summary

Join Virta Health as the Vice President of Total Rewards and lead the compensation and benefits strategy, aligning it with the company's high-performance culture and ambitious growth goals. You will lead a team of total rewards professionals, playing a critical role in shaping the organization's future. This role requires a strategic and hands-on leader experienced in high-growth environments and familiar with both private and public company practices. Responsibilities include redesigning the compensation strategy, leading executive compensation programs, developing equity and long-term incentives, optimizing benefits, ensuring compliance, mentoring the team, collaborating cross-functionally, using data-driven decision-making, and driving educational initiatives. The ideal candidate will have 15+ years of experience in total rewards, including at least 5 years in compensation and 5 years in a leadership role, with public company experience required. The compensation range is $240,000-$275,000 per year.

Requirements

• 15+ years of experience in total rewards, with a minimum of 5 years in compensation and 5 years in a leadership role
• Experience at a public company is required, and pre-IPO experience is strongly preferred
• Deep knowledge of executive compensation, equity structures, benefits optimization, and compensation committee governance
• Familiarity with the requirements, challenges, and opportunities of transitioning from private to public, including SEC compliance and proxy reporting
• A track record of designing scalable, forward-looking total rewards strategies that support business goals and communicating that strategy to both leadership and the broader employee population
• Ability to lead, inspire, and develop a team of professionals, fostering collaboration and innovation

Responsibilities

• Redesign and implement a forward-thinking compensation strategy that aligns with our business objectives, supports a high-performance culture, and positions us competitively for an IPO and beyond
• Lead the design and administration of executive compensation programs, including equity, bonus structures, and market benchmarking
• Partner with the Chief People Officer and BoD Compensation Committee to ensure compliance and competitiveness
• Develop strategies for equity and long-term incentives that support retention and value creation for employees at all levels
• Evaluate and enhance our benefits offerings to meet the needs of a diverse, distributed workforce while controlling costs
• Ensure compliance with applicable regulations, particularly as we transition to a public company, including proxy reporting and equity program administration
• Mentor and develop the Total Rewards team, including our Payroll and HRIS functions ensuring they are equipped to deliver high-quality support across the organization
• Work closely with Finance, Legal, and other stakeholders to align on budgeting, reporting, and governance
• Leverage analytics to provide actionable insights on compensation trends, equity usage, and workforce planning
• Drive educational initiatives to enhance employee understanding of the company's compensation philosophy and total rewards package, fostering transparency and engagement
• Empower leaders with the tools to communicate rewards principles effectively and make informed compensation decisions
• Conduct a comprehensive audit of current compensation, equity, and benefits programs
• Identify immediate gaps, risks, or inconsistencies and present recommendations to leadership
• Engage with key stakeholders to understand priorities and build strong partnerships
• Assess the Total Rewards team structure, skillsets, and capacity
• Provide clear guidance, roles, and responsibilities while fostering a culture of collaboration and growth
• Partner with leaders across the organization to understand workforce needs and ensure total rewards programs drive engagement and performance
• Develop close bonds with Finance and Legal to align on equity administration, budgeting, and compliance
• Begin crafting a long-term compensation strategy, focusing on scalability and IPO readiness
• Start addressing critical issues such as market positioning, equity dilution, and retention strategies for top talent
• Lay the groundwork for public company compensation committee meetings, while cultivating a balance between deep internal alignment and market standards

Preferred Qualifications

• You put people first and take care of yourself, your peers, and our patients equally
• You have a strong sense of ownership and take initiative while empowering others to do the same
• You prioritize positive impact over busy work
• You have no ego and understand that everyone has something to bring to the table regardless of experience
• You appreciate transparency and promote trust and empowerment through open access of information
• You are evidence-based and prioritize data and science over seniority or dogma
• You take risks and rapidly iterate

Benefits

• Information about Virta’s benefits is on our Careers page at: https://www.virtahealth.com/careers
• As a remote-first company, our team is spread across various locations with office hubs in Denver and San Francisco