Senior Executive Compensation Consultant

Company: MCKESSON
Location: Irving
Posted on: May 4, 2025

Job Description:

McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and services that make quality care more accessible and affordable. Here, we focus on the health, happiness, and well-being of you and those we serve - we care.

What you do at McKesson matters. We foster a culture where you can grow, make an impact, and are empowered to bring new ideas. Together, we thrive as we shape the future of health for patients, our communities, and our people. If you want to be part of tomorrow's health today, we want to hear from you.

Senior Executive Compensation Consultant (P5)

Reporting to the Senior Director, Executive Compensation, this role will lead and/or contribute to a variety of complex, high-profile compensation projects and manage ongoing executive compensation initiatives. The employee will lead preparation of materials for the Board's Compensation and Talent Committee and prepare compensation sections of the annual proxy statement. The employee will provide compensation support for the enterprise executive population, working with members of the HR Leadership Team and Executive Operating Team on offers and other executive matters. The Sr. Exec Comp Consultant will maintain oversight of McKesson's enterprise short-term incentive plan and long-term incentive plan working with other members of the executive compensation team.

The ideal candidate will have exceptional analytical and conceptual thinking skills, a strong command of Excel (including macro development), and a proven ability to apply AI tools to enhance efficiency and insight. This person will be intellectually curious, highly accurate, and possess a strong work ethic with a commitment to excellence. This role requires a high-performing professional with the ability to manage complex initiatives, synthesize and communicate data-driven insights, and interact confidently with senior leaders and external advisors.

Key Responsibilities

• Compensation and Talent Committee Support - lead and/or contribute to preparation of Compensation and Talent Committee materials to support the Committee's annual meeting cycle.
  
  • Conduct competitive peer benchmarking analysis for senior management and the Committee on a wide array of executive compensation topics, from plan design to pay magnitude.
    
  • Assist with program design by conducting market research and peer group analysis. Develop design proposals for recommendation to management and the Committee.
    
  • Develop models to analyze pro-forma pay and plan design changes.
    
  • Partner closely with legal counsel and the Committee's independent compensation consultant to monitor proxy advisor policy changes, legislative changes, and SEC rules that affect executive compensation.
    
  • Coordinate directly with the Committee's independent compensation consultant on projects for the Committee.
    
    • Annual Proxy Statement - prepare executive compensation sections of McKesson's annual proxy statement.
      
      • Lead production of all executive compensation tables and footnotes.
        
      • Design engaging and informative graphics for inclusion in Compensation Discussion and Analysis (CD&A) section of annual proxy.
        
      • Partner closely with internal legal counsel on all compensation-related disclosures in the CD&A, as well as supplemental shareholder engagement materials.
        
        • Executive Compensation Support - develop compensation recommendations for executive level moves (e.g., external hires, promotions, separations, etc.).
          
          • Interface directly with HR business partners and business leaders to develop thoughtful, market-based and internally equitable compensation recommendations.
            
          • Partner with Executive Talent Acquisition on external executive offers.
            
          • Continually review and enhance competitive market benchmarking for executive jobs.
            
          • As needed, lead projects and requests on a variety of topics pertaining to the executive population, including the annual compensation review.
            
          • As needed, support in coordination with the Mergers & Acquisitions HR group with acquisition and divestiture activity as it relates to executive compensation.
            
            • Short-term Incentive Plan - provide oversight on the design and administration of McKesson's enterprise short-term incentive plan (MIP).
              
              • Support program design changes by utilizing market research and internal analysis to support recommendations.
                
              • Lead stakeholders across Accounting, Finance and Talent Management through the year-end result consolidation and approval process for Compensation and Talent Committee.
                
              • Continually enhance participant understanding of the STI plan through the creation of communication materials and resources.
                
              • As needed, support in coordination with the Mergers & Acquisitions HR group with acquisition and divestiture activity as it relates to STI compensation and design.
                
                • Long-term Incentive Program - provide oversight on the design and administration of McKesson's long-term incentive program.
                  
                  • Lead LTI analysis in support of senior management and the Compensation and Talent Committee on topics related to long-term incentive programs.
                    
                  • Design, implement and monitor long-term incentive strategies that align with McKesson's business objectives and with shareholder interests.
                    
                  • Enhance participant understanding of the LTI program by contributing to the creation of communication materials and resources in partnership with other executive compensation team members.
                    
                  • As needed, support in coordination with the Mergers & Acquisitions HR group with acquisition and divestiture activity as it relates to LTI compensation and design.
                    
                    
                    Minimum Required Qualifications Critical Skills
                    
                    • Degree or equivalent and typically requires 10+ years of relevant experience. Less years required if has relevant Master's or Doctorate qualifications.
                      
                    • 7+ years of progressive compensation, executive compensation or professional experience in a related field.
                      
                      
                      Critical Skills
                      
                      • Exceptional attention to detail, with a demonstrated ability to produce accurate and high-quality work under pressure.
                        
                      • Advanced analytical, conceptual, and critical thinking skills; ability to distill complex issues into clear, actionable solutions.
                        
                      • Highly proficient in Microsoft Excel, including complex formulas and macro development.
                        
                      • Experience with data automation and visualization tools is strongly preferred.
                        
                      • Strong understanding and practical application of AI tools to drive operational efficiency and enhance analytical insights.
                        
                      • Proven ability to build effective relationships with internal stakeholders and external advisors at all organizational levels.
                        
                      • Outstanding communication and presentation skills, with the ability to translate data into compelling narratives.
                        
                      • Demonstrated success managing multiple high-priority projects in a dynamic, fast-paced environment.
                        
                        
                        Education
                        
                        • 4-year degree
                          
                        • MBA or other advanced degree preferred
                          
                          
                          Certifications/Licensure
                          
                          • CCP or CECP preferred
                            
                            
                            Physical Requirements
                            General Office Demands
                            
                            Travel less than 10%
                            
                            We are proud to offer a competitive compensation package at McKesson as part of our Total Rewards. This is determined by several factors, including performance, experience and skills, equity, regular job market evaluations, and geographical markets. The pay range shown below is aligned with McKesson's pay philosophy, and pay will always be compliant with any applicable regulations. In addition to base pay, other compensation, such as an annual bonus or long-term incentive opportunities may be offered. For more information regarding benefits at McKesson, please click here.
                            
                            Our Base Pay Range for this position
                            
                            $129,200 - $215,300
                            
                            McKesson is an Equal Opportunity Employer
                            
                            McKesson provides equal employment opportunities to applicants and employees and is committed to a diverse and inclusive environment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age or genetic information. For additional information on McKesson's full Equal Employment Opportunity policies, visit our Equal Employment Opportunity page.
                            
                            Join us at McKesson!

Keywords: MCKESSON, Mesquite , Senior Executive Compensation Consultant, Accounting, Auditing , Irving, Texas