Senior Manager, Total Rewards & Benefits

Role Description

Omnicare is a leading provider of pharmacy services to long-term care facilities nationwide, supporting skilled nursing facilities, assisted living communities, and other institutional care settings. As we transition to an independent, standalone organization, we are building and strengthening internal capabilities to support our approximately 6,000 colleagues and multi-state operations.

The Senior Manager, Total Rewards & Benefits is responsible for the execution, governance, and continuous optimization of the organization’s compensation and benefits programs. This role ensures programs are competitive, compliant, and aligned with the company’s overall Total Rewards philosophy.

Operating within a lean HR model, this position partners closely with senior leadership to deliver scalable, data-driven solutions while maintaining strong controls over compensation decisions, benefits administration, and regulatory compliance.

Key Responsibilities

• Total Rewards Strategy Execution & Governance
  • Execute the organization’s Total Rewards strategy in alignment with business objectives and compensation philosophy
  • Ensure consistent application of compensation and benefits programs across a multi-state workforce
  • Establish governance frameworks to maintain pay equity, consistency, and control
  • Monitor and enforce adherence to salary structures, ranges, and incentive frameworks
• Compensation Programs
  • Lead the annual compensation cycle, including merit increases, bonus planning, and execution
  • Administer compensation structures, job architecture, and salary ranges across all employee populations
  • Provide guidance to HRBPs and leaders on hiring offers, promotions, and pay decisions
  • Review and approve exception requests, ensuring alignment with guidelines and escalation protocols
  • Maintain tracking and reporting on compensation exceptions and trends
• Market Benchmarking & Analytics
  • Manage compensation benchmarking activities, including job matching and market pricing
  • Utilize survey data (e.g., Mercer, Radford, industry benchmarks) to assess competitiveness
  • Analyze pay trends and provide actionable recommendations to leadership
  • Support ongoing evaluation of compensation structures and adjustments
• Benefits & Wellbeing Programs
  • Oversee benefits administration in partnership with brokers and external vendors
  • Support open enrollment planning, execution, and employee communications
  • Monitor benefits utilization, cost trends, and program effectiveness
  • Ensure compliance with all benefits-related regulations (e.g., ERISA, ACA, COBRA)
  • Partner with vendors on renewals, plan performance, and service delivery
• Compliance, Risk Management & Governance
  • Ensure compliance with federal, state, and local regulations across compensation and benefits programs
  • Maintain audit-ready documentation and support internal and external audits
  • Identify and mitigate risks related to pay equity, compensation practices, and benefits administration
  • Establish policies, controls, and approval workflows to support governance
• Leadership Advisory & Business Partnership
  • Act as a trusted advisor to HRBPs and leadership on compensation and benefits decisions
  • Provide decision frameworks, guardrails, and tools to enable consistent manager practices
  • Support workforce planning, cost modeling, and labor expense analysis
  • Deliver insights to leadership on trends, risks, and opportunities
• Process Improvement & Transformation
  • Identify opportunities to streamline and automate Total Rewards processes
  • Support HR system optimization (HRIS, compensation planning tools, vendor platforms)
  • Leverage analytics and AI tools to enhance reporting, benchmarking, and decision-making
  • Drive continuous improvement in program delivery and employee experience

Qualifications

• 7–10+ years of experience in Total Rewards, Compensation, or Benefits roles
• Experience managing compensation cycles in a mid-to-large, multi-state organization
• Strong knowledge of compensation structures, incentive programs, and benefits administration
• Experience partnering with external vendors, brokers, and benchmarking providers

Education

• Bachelor’s degree in Human Resources, Finance, Business, or related field (or equivalent experience)

Pay Range

The typical pay range for this role is: $75,400.00 - $182,549.00. This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company’s equity award program.

Benefits

• Comprehensive benefits package designed to support the physical, emotional, and financial well-being of colleagues and their families
• Medical, dental, and vision coverage
• Paid time off
• Retirement savings options
• Wellness programs and other resources, based on eligibility

Company Description

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.