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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
Compensation & Benefits Expertise – Deep understanding of salary structures, benchmarking, and benefits programs
Governance & Risk Management – Strong control orientation with focus on compliance and pay equity
Analytical Capability – Ability to translate data into insights and recommendations
Business Partnership – Provides practical, actionable guidance to leaders
Process Optimization – Drives efficiency and scalability in a lean operating model
Executive Communication – Clearly communicates complex Total Rewards concepts
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.
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.
Great benefits for great people
We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.
This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.
Additional details about available benefits are provided during the application process and on Benefits Moments
We anticipate the application window for this opening will close on: 07/17/2026
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
CVS Health is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues.
Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by simplifying health care one person, one family and one community at a time. Follow @CVSHealth on social media.
