Director, IA Sales Incentive Compensation

GEICO•Bethesda, MD

About The Position

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.

Requirements

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

Nice To Haves

Bachelor’s or Master’s degree in a field related to Finance, Business Management/Administration, or HR Administration preferred

Responsibilities

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.