Director – Incentive Compensation Strategy
Unum UK
full-time
Posted on:
Location Type: Office
Location: Chattanooga • Maine • Tennessee • United States
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Salary
💰 $89,900 - $169,900 per year
Job Level
About the role
- This position is accountable for the design, development, communication, and analytics of compensation programs supporting Sales & Client Management and external distribution partners.
- Lead initiatives that align compensation strategies with company objectives, ensuring programs motivate and incent desired behaviors while supporting growth, profitability, and compliance.
- Serve as the primary point of contact for compensation-related strategy, design, and implementation, partnering with senior leadership and cross-functional teams to deliver innovative solutions.
- Lead the design and development of incentive compensation plans for Sales and Client Management and external distribution partners that align with corporate strategy and business objectives.
- Create new compensation models and determine financial impact for both broker and field programs.
- Develop and manage supplemental programs (e.g., recognition, loyalty, contests) for both channels.
- Build and maintain compensation budgets, forecasts, and expense projections for all plans.
- Analyze and report on key financial aspects of compensation programs, including earnings trends, variances, and ROI.
- Ensure successful implementation of compensation programs and enhancements in partnership with Operations and Technology (IT) teams.
- Develop clear, consistent communication materials and policies for all compensation plans, ensuring accessibility and transparency.
- Collaborate with business leaders to align compensation plans with organizational design, staffing, pricing, profit and sales strategies.
- Work with Legal and cross-functional teams to ensure commission filings and regulatory requirements are met.
Requirements
- Bachelor’s degree or equivalent experience; advanced degree preferred
- 8–10 years of experience in compensation design and analytics within insurance or financial services
- Deep understanding of group, voluntary, and individual insurance business operations
- Strong strategic thinking, analytical, and problem-solving skills
- Proven ability to lead complex projects and influence senior stakeholders
- Exceptional communication and presentation skills
- Advanced proficiency in Excel and data modeling tools
- Ability to manage multiple priorities and deliver results independently
Benefits
- Health, Vision, Dental
- Short & Long-Term Disability
- Generous PTO (including paid time to volunteer!)
- Up to 9.5% 401(k) employer contribution
- Mental health support
- Career advancement opportunities
- Student loan repayment options
- Tuition reimbursement
- Flexible work environments
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
compensation designcompensation analyticsincentive compensation plansfinancial impact analysisbudget managementforecastingdata modelingExcel
Soft Skills
strategic thinkinganalytical skillsproblem-solvingproject leadershipinfluencing stakeholderscommunication skillspresentation skillstime management
Certifications
Bachelor’s degreeadvanced degree