Sr Consultant, Sales Compensation
Sr Consultant, Sales Compensation
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1 Vacancy
Job Description
We seek a dynamic and versatile professional with excellent communication skills a talent for cross-functional teamwork and expertise in project management and strategic thinking. If you excel at building strong partnerships love designing and analyzing plans and are passionate about making a difference we want to hear from you. This position will report to the Director Sales Compensation Design. This position will be filled at the Sr Consultant or Consultant level based on candidate experience.
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Job Description Summary
Our Sales Compensation team are talented professionals skilled at designing incentive plans that help drive business results. We pride ourselves on our deep understanding of the business strong connections with business leaders and partnerships with design team members. We enjoy analyzing the results of our plan designs to see the impact of our work and success in helping drive performance. If you can build strong partnerships enjoy designing and analyzing plan results and enjoy making a difference we want to hear from you!As a Senior Consultant youll provide design and implement sales compensation plans and services for sales channels. Well count on you to design and model sales incentive plans and consult with Sales management on design and standard methodologies for sales compensation and provide expertise about sales compensation addition youll work with Sales leaders and system liaisons to transform sales applications and technology.
Job Description
Key Responsibilities:
Benchmarks competitors and conducts market studies to ensure variable pay plans compete well in the marketplace.
Models current and new plan components and results to project payouts and implement changes as appropriate. Provides cost impact solutions and finds opportunities related to commission and incentive designs. Reviews existing sales awards and recognition programs on an ongoing basis to ensure they are competitive.
Leads the design and development of sales compensation plans in support of field sales management and sales leadership that impact sales associates and agents. May also be responsible for design and implementation of sales award and recognition programs. Ensures all plans align to and support the business strategy follow current regulations and drive desired business results and outcomes.
Identifies technology solutions to assist the sales process reporting tracking and automation opportunities to help drive sales results and plan design/communication. Works directly with leadership and technology resources to recommend design and implement desired solutions.
Recommends plan design and components to leadership for implementation. Provides assessment of sales and incentive trends and provides recommendations about opportunities.
Consults with leadership to understand sales trends strategies and opportunities in order to recommend solutions.
Partners with the compensation administration team to ensure commission or sales incentive payments have been processed in a timely manner according to provisions in the commission/sales incentive plan.
Leads all aspects of the design and or implementation process to ensure timely delivery and effective collaboration with key partners.
Designs and develops communications that support the incentive plans. Ensures all communication and messaging on sales compensation maintains regulatory compliance is clear concise timely and helps drive the desired engagement and business results.
Sources extracts and maintains data from various sources for research custom and ad hoc reporting.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to Associate Vice President Sales Compensation Design Strategy and Implementation.
Typical Skills and Experiences:
Education: Undergraduate degree in business marketing insurance or related field. Graduate studies in business marketing or related subject area preferred.
Experience: Typically 10 years of experience in sales performance and operations environment. Experience in sales incentive design and administration financial services business process management or related fields.
Knowledge Abilities and Skills: Proven knowledge commission and/or sales incentive payment processes. Understands commission/sales incentive plan designs Demonstrated knowledge of sales standards practices methodologies and frameworks associate business process management. Strong verbal and written communication skills for interaction with sales management to make appropriate recommendations. Strong analytical ability to research and evaluate complex payment process issues and financial information. Decision making skills for problem identification and selection of alternatives. Strong organization and planning skills to set priorities and to plan work. Ability to formulate business questions/problems into analytical questions and conduct analyses. Proven ability to lead and develop employees projects and team members. Ability to effectively operate personal computer and multiple database and business software.
Other criteria including leadership skills competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring managers leader and HR Business Partner.
Values: Regularly and consistently demonstrates the Nationwide Values.
Job Conditions:
Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal office environment. Occasional field travel may be required.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
Benefits
We have an array of benefits to fit your needs including: medical/dental/vision life insurance short and long term disability coveragepaid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date nine paid holidays 8 hours of Lifetime paid time off 8 hours of Unity Day paid time off 401(k) with company match company-paid pension plan business casual attire and more. To learn more about the benefits we offer click here.
Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged appreciated respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.
Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act individuals may contact the Smokefree Air Act Helpline at .NOTE TO EMPLOYMENT AGENCIES:
We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.
Required Experience:
Senior IC
Employment Type
Full-Time
