Director, Incentive Compensation Strategy

Job Posting End Date:

April 01 When you join the team at Unum, you become part of an organization committed to helping you thrive. Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life's moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide: Award-winning culture Inclusion and diversity as a priority Performance Based Incentive Plans Competitive benefits package that includes: 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 •All the benefits listed above are subject to the terms of their individual Plans. And that's just the beginning… With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you're directly supporting a growing family, or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today!

General Summary:

This position is accountable for the design, development, communication, and analytics of compensation programs supporting Sales & Client Management and external distribution partners. The Director will lead initiatives that align compensation strategies with company objectives, ensuring programs motivate and incent desired behaviors while supporting growth, profitability, and compliance. The role requires expertise in compensation modeling, financial impact analysis, and strategic alignment across multiple channels. The incumbent will 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. By performing the above duties, the incumbent has a direct, positive, sustainable impact on results that contribute to both top and bottom-line outcomes.

Design & Development:

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.

Analytics & Forecasting:

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. Develop contingency strategies and present recommendations to senior leadership when performance is off track.

Implementation & Communication:

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. Partner with Marketing and Field Communications to deliver effective messaging and education.

Strategic Partnership:

Collaborate with business leaders to align compensation plans with organizational design, staffing, pricing, profit and sales strategies. Support new product launches through compensation design and promotional initiatives. Represent compensation strategy in key leadership forums and industry surveys, influencing best practices and incorporating findings into plan design.

Market Competitiveness & Benchmarking:

Actively participate in industry compensation surveys for both Field and Broker roles. Analyze survey data and incorporate findings into compensation plan design to ensure all programs remain market competitive and aligned with industry best practices. Establish and maintain guidelines for target pay points and incentive structures based on benchmarking insights.

Compliance & Governance:

Work with Legal and cross-functional teams to ensure commission filings and regulatory requirements are met. Maintain accurate documentation and audit-ready processes for all compensation programs. Job Specifications 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. #LI-LR1 #LI-Onsite ~IN1 Unum and Colonial Life are part of Unum Group, a Fortune 500 company and leading provider of employee benefits to companies worldwide. Headquartered in Chattanooga, TN, with international offices in Ireland, Poland and the UK, Unum also has significant operations in Portland, ME, and Baton Rouge, LA - plus over 35 US field offices. Colonial Life is headquartered in Columbia, SC, with over 40 field offices nationwide. Unum is an equal opportunity employer, considering all qualified applicants and employees for hiring, placement, and advancement, without regard to a person's race, color, religion, national origin, age, genetic information, military status, gender, sexual orientation, gender identity or expression, disability, or protected veteran status. The base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location and experience. $89,900.00-$169,900.00 Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including healthcare benefits (health, vision, dental), insurance benefits (short & long-term disability), performance-based incentive plans, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not. All benefits are subject to the terms and conditions of individual Plans.

Company:

Unum Join our talent community to receive notifications about jobs relevant to your interest. Join our Talent Community! At Unum Group, we're a Fortune 500 company and leading international provider of workplace benefits and services, helping workers and their families thrive for more than 175 years. Through our Unum and Colonial Life brands, our company offers disability, life, accident, critical illness, dental and vision insurance; leave and absence management support; and behavioral health services. Our 10,000+ employees work across operations in the US, UK and Poland, as well as our dedicated Technology Centre in Ireland. Unum Group is committed to working with and providing reasonable accommodations for any applicant with a disability. If you are disabled and need a reasonable accommodation to participate in the application or hiring process, please contact us by submitting a request here.