Geico

Director, IA Sales Incentive Compensation

Geico$121K — $229K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in incentive compensation design and administration with a focus on team leadership.
  • Demonstrated experience in selecting, implementing, and executing incentive compensation systems.
  • Advanced expertise in Excel, adept at managing large data sets in complex spreadsheets.
  • Strong verbal and written communication skills, capable of conveying complex data insights effectively.
  • Interpersonal and client-facing skills suitable for engaging with HR business partners and senior leadership.
  • Bachelor's or Master's degree in Finance, Business Management/Administration, or HR Administration is preferred.

Responsibilities

  • Builds and oversees a rewards and recognition team focused on IA design, delivery, and tracking of incentive programs.
  • Leads the design and implementation of incentive programs that align with business strategies.
  • Develops innovative incentive compensation recommendations, challenging existing paradigms as needed.
  • Conducts complex analyses and modeling to inform incentive compensation design and outcomes.
  • Manages incentive communication and change management processes across the organization.
  • Owns the administration of incentive compensation, seeking continual process improvements.
  • Develops and presents business plans, staffing projections, and budgets to foster departmental efficiency.

Benefits

  • Collaborative work environment with exposure to cross-functional teams.
  • Opportunity for professional growth through hands-on leadership experience.
  • Engagement in innovative practices with the potential for driving change within the organization.
  • Access to a robust system for incentive compensation management and design.
  • Chance to impact employee productivity, engagement, and loyalty effectively.
Full Job Description
GEICO is seeking a Director, IA Sales Incentive Compensation. This is a key member of the Sales Enablement team, this leader ensures the IA incentive and rewards program are competitive, modern and compliant. They will collaborate with business partners such as product, finance and field to make sure we are designing, implementing, measuring and administering incentive and rewards to the IA channel that drives productivity, engagement and loyalty. Essential Functions: • Builds a rewards and recognition team that manages IA design, delivery and tracking of contingency agreements, short- and long-term incentives and experiential rewards. • Leads the design, implementation, measurement, and approval process for above incentive programs. • Provides innovative incentive compensation design recommendations and solutions that are aligned with business strategy, challenging the status quo where necessary to arrive at optimal outcomes. • Conducts complex modeling and analysis on all aspects of incentive compensation design including building analytical tools to test incentive plan outputs under an array of business results, drawing themes and trends from data analysis, and conveying them to business, product, field, and finance departments. • Leads incentive compensation related communications and change management processes. • Owns the end-to-end incentive compensation administration process, including process improvements and enhancements. • Manages and develops a team of incentive compensation administrative professionals. • Partners with other corporate areas to ensure full compliance of all IA incentive compensation programs (e.g. Accounting, Tax, and Legal). • Develops and delivers efficient and effective presentations to influence decision making and communicates information to management and partners. • Prepares department business plans, staffing projections and budgets. Requisitions supplies and materials necessary for efficient operation. • Reviews plans and budgets periodically to achieve cost reduction where possible. Must have the following education and experience: • 5+ years of incentive compensation design and administration experience including related team leadership • Experience with the selection, implementation, and execution of incentive compensation systems • Advanced Excel expertise and ability to create, organize and manipulate large sets of data in complex Excel spreadsheets • Excellent verbal and written communication skills • Must have good interpersonal and client-facing skills with HR Business Partners, Managers, and Senior Leadership • Bachelor's or Master's degree in a field related to Finance, Business Management/Administration, or HR Administration preferred Annual Salary $121,975.00 - $229,600.00 The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate's work experience, education and training, the work location as well as market and business considerations. At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

About Geico

GEICO (Government Employees Insurance Company) is an American auto insurance company with headquarters in Chevy Chase, Maryland. It is the second largest auto insurer in the United States, after State Farm. GEICO is a wholly owned subsidiary of Berkshire Hathaway that provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017. GEICO writes private passenger automobile insurance in all 50 U.S. states and the District of Columbia. The insurance agency sells policies through local agents, called GEICO Field Representatives, and over the phone directly to the consumer, and through their website.
Learn more about Geico
Size
40,000 employees
Industry
Founded
1936

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