Project Manager, Sales Compensation Design
Seattle, WA, USA | Diversified Global Property and Casualty Insurer
Industry:Insurance - General
Job Description:51 people have viewed this job
Designs and develops internal and external sales compensation programs in partnership with key stakeholders across multiple groups.
Supports the development of the compensation strategy and competitive intelligence including our compensation guiding principles and ongoing tracking and analysis of our market position for various distribution channels.
Creates the design, development, and implementation of competitive, cost effective, and equitable US sales compensation programs for increased motivation, retention, productivity, and effective performance.Partners with channel leadership and senior compensation channel liaison to ensure all sales compensation practices are delivered and communicated effectively.
Develops, initiates, and manages process improvements to improve service delivery, efficiency, and effectiveness. Includes looking for efficiencies in our compensation systems, tools and resources, and collaborating with the technology manager to execute any changes.
Proactively stay up-to-date on trends and developments within sales compensation and recognition practices, constantly researching and implementing best practices as appropriate.
Responsible for forecasting and reporting activities. Monitors operational reports and trends, problems, or other information, escalating as appropriate with proposed solutions.Partners with other groups to coordinate service delivery strategies and processes across the organization.Effectively communicates changes to plans as appropriate.
May manage other projects to include those considered moderately complex in nature with function-wide and/or SBU-wide impact.
Immediate ability to influence key compensation programs around all strategic/business plans as they are developed and to be in position to clearly demonstrate the value-added nature that a well thought out rewards strategy can have on the success of a company.
A knowledge of compensation design including sales incentives, management incentives, and overall reward and recognition programs/plans.
Knowledge of company operations. Proven analytical (to include sensitivity analysis), quantitative, negotiation and decision-making abilities.
Strong written and verbal communication skills necessary to present information and ideas in writing or in a group forum.
Knowledge, skills and abilities normally attained through the successful completion of a Bachelor's degree plus 5-8 years of progressively more responsible experience. MBA preferred.