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VP/MD, Incentives
Location: Wilmington, Delaware; Baltimore, Maryland
What makes a VP/MD, Incentives successful at OneMain? Check out the top traits we’re looking for and see if you qualify.
- Adaptable
- Analytical
- Curious
- Entrepreneurial
- Inventive
- Problem Solver
Culture
- We foster an entrepreneurial spirit that's powered by a national brand – our teams are empowered to make a difference
- We encourage teams to take ownership of initiatives in this fast-paced, innovative culture so they can drive solutions that stay ahead of customer needs
- We promote collaboration through Connectivity Days, aimed at strengthening in-person relationships and engagement within our sites
- We promote avenues to allow team members to expand their professional capabilities and continuously develop skills, facilitating upward mobility and career progression
I like working at OneMain because of the opportunity it provides. You get to work with a lot of talented people, a lot of motivation to better the lives of our customers and a lot of fun technology that you get to interact with on a daily basis. I feel like I have many different options that I can take on yearly.
Andy W., Software Developer
Benefits
We promote social and family well-being by offering paid time off for volunteer hours and providing family back-up care.
We offer extensive, comprehensive coverage to support team members’ needs physically and mentally, such as access to Talkspace and Hinge for on-demand physical therapy via an app.
We offer financial wellness that includes 401(k) with match, ESPP, tuition reimbursement and tools like subscription cancelation that help you stay on top of your financial goals.
OneMain is the largest non-bank lender in the United States. Backed by a strong financial and competitive position, we continue to refine and augment all aspects of our business model. With around 1,300 branches a central sales/servicing organization and expanding auto finance and credit card business, the need for a closely managed incentives program is critical to the business’s performance. Our well-structured design and deployment of incentive schemes has been a key differentiator in our industry.
To support this, the Incentives leader – VP/MD, will drive executive management goals into specific, measurable metrics down to the Team Member level through Incentives schemes across all areas of business operations.
Key Responsibilities:
- Oversee company-wide operations incentive programs across personal loan, auto finance and credit card businesses
- Work cross functionally with operations leaders, analytics and HR to build out incentive programs and business targets aligned with overall business goals
- Manage team of Finance Professionals
- Manage all VIP activities for Branch, Central, Auto Finance and Credit Card.
- Lead Incentive program plan design process to adapt to changing environment and business goals.
- Monitor existing plan performance and alignment to company goals.
- Facilitate monthly company-wide target setting process and distribution of targets to respective teams, down to TM level
- Approve pay file submissions monthly and maintain auditable database of awards.
- Manage Rankings methodology and related performance management tools.
- Manage Communications supporting all areas of VIP Process.
- Partner with HR to lead Incentive committee meetings with other business partners including Legal, Compliance and all relevant stakeholders to ensure best practice is followed throughout our incentive plans.
- Manage financial planning and monthly accounting entries related to VIP.
- Management of systems allowing TM’s tracking of earned $ month to date.
- Ad-hoc reporting, analysis and business support.
Qualifications:
- Bachelor’s degree required
- Minimum 10 years relevant experience required
- Strong communication skills including presentation, public speaking and writing ability
- Proven ability to interact and communicate effectively with all levels of employees and Senior Management
- This role requires someone who has good management skills, can work effectively with cross functional teams to get buy in and is a self-starter, looking to drive constant process improvement
- Exceptional financial analysis skills
- Proficient in all MS Office Programs
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