VP/MD, Incentives

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