Associate Director, Incentive Compensation Lead

Location
Cambridge, MA, United States
Posted
Aug 20, 2018
Ref
478123
Discipline
Administration, Finance
Hotbed
Genetown
Required Education
Bachelors Degree
Position Type
Full time
Title:
Associate Director, Incentive Compensation Lead

Company:
Ipsen Biopharmaceuticals Inc.

Job Description:

Position Summary

The Incentive Compensation Lead oversees the incentive program for sales teams. This role manages the process for designing incentive programs and is directly responsible day-to-day implementation and administration of the programs. The Incentive Compensation Lead collaborates with the brand and field leadership to design rewards that maximize the performance of field teams in alignment with company strategy.

This role ensures fiscal governance and compliance in IC. The Incentive Compensation Lead must be able to work in a self-directed manner within a cross-functional team environment and co-ordinate and communicate with all stakeholders.

Essential Functions

Responsibilities
Responsibilities will include, but are not limited to, the following:
  • Demonstrate knowledge and understanding of various incentive compensation plans including but not limited to goal, commission, MBO, and relative rank plans
  • Develop and leverage incentive compensation plans and engagement activities to drive performance and morale for field teams
  • Execute all Incentive Compensation activities - plan design, goal setting, IC administration (home office and field reporting processing), ranking reports, IC scorecard, IC payouts, and sales reporting functions - drawing onbusiness analytics partners and external vendors when necessary
  • Lead IC plan administration activities, implements IC plans, QC all IC reports and ensures timely distribution of reports to stakeholders
  • Proactively establish metrics and KPIs, utilize with industry data to determine and prioritize areas of opportunities for improving IC processes, managing key supplier relationships
  • Establish and maintain strategic and trusting relationships with cross functional leaders guiding and influencing business strategies, activities, and decisions
  • Provide consulting to stakeholders on IC best practices, customized solutions pertinent to business situations, being a thought leader in all IC related meetings
  • Establish common ground between stakeholders with divergent views and objectives
  • Develop appropriate communication tools for the field for complete understanding of how their incentive plans and award programs work
  • Comply with all laws, regulations and policies that govern the conduct of Ipsen U.S. staff


Qualifications

Education
  • Bachelor's degree required
  • Master's degree in business administration or related field preferred


Core Competencies (Specific knowledge, skills and abilities that enable an individual to effectively perform the job)
  • Ability to accurately assess and synthesize quantitative and qualitative information, draw conclusions, and present solutions to senior management
  • Understands the unique dynamic and create customized IC plans supported by modeling / analytics / simulations for all products
  • Must show strategic thinking and ability to constructively challenge and influence the decision making process
  • Must be well-organized with excellent time management skills, attention to detail and accuracy
  • Ability to effectively translate overall strategies into actionable operational plans and assure implementation
  • Actively manage the performance of vendor(s) accountable for administration, execution and platform(s) associated IC.
  • Demonstrated ability to work in a small team environment
  • Works with senior management to develop appropriate communication tools for the field for complete understanding of how their incentive plans and award programs work
  • Change management via strategy communication and expectation setting


The statements contained herein reflect general details as necessary to describe the principles functions for this job, the level of knowledge and skill typically required, and the scope of responsibility, but should not be considered an all-inclusive listing of work requirements. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods or otherwise balance workload.

Ipsen Biopharmaceuticals, Inc. is an equal opportunity employer. We recruit, employ, train, compensate, and promote without regard to race, religion, creed, national origin, age, gender, sexual orientation, sexual identity, marital status, military or veteran status, disability, genetic information, or any other category protected by applicable federal, state or local law.

Ipsen Biopharmaceuticals, Inc. conducts background screening, reference checks, and drug testing as part of its pre-employment screening process. This description is not intended to be constructed as an exhaustive list of duties, responsibilities, or requirements for the position. This position may change or assume additional duties at any time. The employee may be requested to perform different or additional duties as assigned.

All Employees are expected to adhere to all company policies and act as a role model for company values.

IPSEN is an equal opportunity employer that strictly prohibits unlawful discrimination. We recruit, employ, train, compensate, and promote without regard to an individual's race, color, religion, gender, sexual orientation, gender identity/expression, national origin/ancestry, age, mental/physical disability, medical condition, marital status, veteran status, or any other characteristic protected by law.