Sr Sales Compensation Consultant

Principal Financial Group Inc   •  

Charlotte, NC

Industry: Accounting, Finance & Insurance

  •  

8 - 10 years

Posted 180 days ago

This job is no longer available.

Finding the right job is all about finding the right fit

At Principal, we believe how we do things is every bit as important as what we do. We're guided by our commitment to do the right thing for customers, employees and the environment. And we’re not just jumping on the bandwagon – that’s been part of our culture since we were founded all the way back in 1879.

We’re proud of consistently receiving several recognitions as a top workplace for employees. In fact, Principal made the cut in Forbes’ first-ever list of “America’s Best Employers!” And the best part? It’s our employees who gave us a thumbs-up.

But don’t take our word for it; see what employees at Principal have to say by checking out our employee stories on our career site. Another great way to get the inside story is connecting with employees via LinkedIn -- learn more and get a sense of the culture.

Responsibilities:

As a Senior Sales Compensation Consultant, you’ll provide expert compensation consulting to US Insurance Solutions and Principal International, with specific focus on the design, implementation and on-going management of sales incentive programs.

How you'll spend your day to day:

  • Analyze industry information to ensure compensation programs are market competitive. Develop pricing strategies and prepare analysis on competitive positioning. Complete modeling of incentive plans to ensure design aligns with desired results. Evaluate incentive plan effectiveness and make recommendations for improvements.
  • Develop and maintain relationships with industry consultants and other contacts. May serve on functional committees inside and outside the company as a representative of Human Resources. Provide proactive compensation consulting to assigned client groups. Consult on other facets of compensation including job usage, job offers, salary administration, attraction/retention strategies, recognition and equity programs.
  • Lead the design of sales incentive plans, requiring extensive interaction with senior business management, to create plans that are aligned with business strategy. Partner with key stakeholders in Finance, Compliance and Legal to ensure plans fit within expense allowables, are compliant and based on sound risk management.
  • Lead the execution of key incentive compensationprocesses. Facilitate the review and approval of incentive proposals with Distribution Compensation Committees. Lead incentive planrisk assessments with cross-functional teams to ensure effective controls are in place. Coordinate implementation of incentive plans with administration teams. Complete incentive plan documentation. Partner with Finance on incentive accruals and consult on incentive outcomes.

Qualifications:

  • Requires a bachelor's degree or equivalent and 8+ years of related experiencerequired.
  • Knowledge of sales incentive design concepts and ability to independently lead incentive design process with senior business leaders and other internal stakeholders is required.
  • Experience supporting international clients including sales compensation plan design and program management preferred.
  • Must have strong analytical and organizational skills as well as strong oral and written communication skills.
  • Experience in preparing and presenting detailed technical recommendations to stakeholders.
  • Must have strong project management skills and ability to influence others to achieve planned outcomes.
  • Has knowledge of employment laws and regulations.
  • Experience with Microsoft Office suite and strong Excel skills required.
  • Experience using a market survey management system (Pay Factors or similar system) desired.
  • Sales incentive program design and management in a global financial services organization is preferred.

Location:

We are open to candidates who wish to work remotely or from Des Moines, IA.

Additional Information:

What’s next? Innovation at its finest.

We’ll review your application and if you’re selected for an interview, you’ll receive an invite for a pre-recorded interview experience. Haven’t done that before, don’t worry. We’ve got all the tips and tricks available to help you be successful. With a pre-recorded interview, you can add your own flair and personality – at your pace.

Be sure to check your email frequently. We’ll communicate our decisions through the email address used on your online profile. If you receive an email from our Principal Talent Acquisition Team, you’ve been selected to begin your pre-recorded interview experience and have a set time to submit.

Benefits designed with you in mind.

Because each employee is unique, our benefit packages give you lots of choices. We offer comprehensive benefits that helps contribute to the healthy, fulfilling life and gratifying work experience you deserve, at an affordable cost. Click here to see just a few benefits you’ll receive once you join our team.

Not an exact match for this role?

We’ve got a lot of opportunities, so check out some of the others. And creating an email alert on our career site will help you keep you connected and informed of opportunities you’re interested in with a just a few clicks!

Work Authorization/Sponsorship

At this time, we're not able to consider candidates who would need sponsorship now or in the future or those needing work authorization for this role. (This includes students on F1-OPT, F1-CPT, J-1, etc.) However, we’d hope you continue to keep us in mind for other potential opportunities in the future.

Principal is an Affirmative Action and Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to of age, race, color, religion, sex, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.

Investment Code of Ethics

For positions with Principal Global Investors, you will be required to comply with a Code of Ethics which covers a number of obligations related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

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