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Director, Field Incentive Compensation

Director, Field Incentive Compensation

Otsuka Pharmaceutical Co., LtdPrinceton, New Jersey, US
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## Director, Field Incentive Compensation

Before applying for this role, please read the following information about this opportunity found below.

  • Position Summary
  • This position is responsible for leading the strategic design, implementation, and on-going analysis of the effectiveness of Field sales incentive plans (SIP) within the OAPI Pharmaceutical Sales organization.

This position requires a strong understanding of incentive plan design principals, ability to incorporate brand strategy and market dynamics into plan design, and a strong working knowledge of industry standards for Pharmaceutical Incentive plans along with an understanding of legal and compliance risks and mitigation approaches.

In addition, strong collaboration skills, customer focus, and the ability to effectively interact with a variety of internal stakeholders, departments, sales and marketing management, strategic partners, market intelligence, and outside vendors are critical to this role.

This position requires strong attention to detail while maintaining focus on continuous improvement and creation of industry best internal and customer facing operations and processes.

  • Key Job Responsibilities
  • Responsible for design of Sales Incentive Plans (SIP) that align with Brand strategies for Otsuka America (OAPI)
  • Responsible for design and implementation of Incentive Compensation contest
  • Responsible for developing approval materials for IC review committee and participating in IC review committee presentations
  • Responsible for on-going analysis of plan effectiveness
  • Work with data management team to triage and address any issues with inbound requests
  • Lead for timely and accurate administration of Incentive Plan
  • Responsible for creation and dissemination of timely and accurate SIP payroll, accrual, and SIP related reporting
  • Builds strong customer relations with numerous internal and external constituents
  • Maintain current knowledge of market practices relevant to Incentive Compensation trends and design.
  • Prepare and present business case seeking changes where opportunity is identified.

  • Develop and maintain stringent quality control process and measures that ensures the accuracy of all reports and information disseminated from Sales Operations
  • Oversees relevance of information contained within the internal Commons web site with focus on continuous improvement.
  • Knowledge, Skills, Competencies, Education, and Experience
  • Required :
  • Bachelor's degree in Business, Information Systems, Mathematics, Management Science, Engineering, or other decision science
  • Minimum 8 years pharmaceutical industry experience
  • Minimum 5 years of hands-on experience developing Field Incentive Compensation plans strategy / Design & Execution
  • Strong analytical skills and working knowledge of Incentive Compensation, analytics; plan simulations, fairness analysis and projection methodologies.
  • Strong knowledge of Market Access landscape and Market Access data
  • Knowledge of sales operations, call planning, targeting, sales and marketing dynamics, and sales reporting
  • Excellent knowledge of Pharmaceutical Sales data, IQVIA, and other data sources
  • Strong written and oral communications skills and stakeholder management
  • Proficient in utilizing and applying analytics and strong Excel spreadsheet skills are a mustPreferred :
  • Pharmaceuticals field experience
  • Market research (primary and secondary – various databases- marketed and developmental products) or similar experience within the Pharmaceutical industry; Experience in Rare Disease market
  • Strong negotiation skills and stakeholder management
  • MBA
  • Physical Demands and Work Environment
  • Travel (approximately 20%
  • Competencies
  • Accountability for Results -
  • Stay focused on key strategic objectives, be accountable for high standards of performance, and take an active role in leading change.
  • Strategic Thinking & Problem Solving -
  • Make decisions considering the long-term impact to customers, patients, employees, and the business.
  • Patient & Customer Centricity -
  • Maintain an ongoing focus on the needs of our customers and / or key stakeholders.
  • Impactful Communication -
  • Communicate with logic, clarity, and respect.
  • Influence at all levels to achieve the best results for Otsuka.

  • Respectful Collaboration -
  • Seek and value others’ perspectives and strive for diverse partnerships to enhance work toward common goals.
  • Empowered Development -
  • Play an active role in professional development as a business imperative.Minimum $183,335.00
  • Maximum $274,160.00, plus incentive opportunity : The range shown represents a typical pay range or starting pay for individuals who are hired in the role to perform in the United States.
  • Other elements may be used to determine actual pay such as the candidate’s job experience, specific skills, and comparison to internal incumbents currently in role.

    Typically, actual pay will be positioned within the established range, rather than at its minimum or maximum.

    This information is provided to applicants in accordance with states and local laws.

  • Application Deadline
  • : This will be posted for a minimum of 5 business days.
  • Company benefits :
  • Comprehensive medical, dental, vision, prescription drug coverage, company provided basic life, accidental death & dismemberment, short-term and long-term disability insurance, tuition reimbursement, student loan assistance, a generous 401(k) match, flexible time off, paid holidays, and paid leave programs as well as other company provided benefits.Come discover more about Otsuka and our benefit offerings; .
  • Disclaimer :
  • This job description is intended to describe the general nature and level of the work being performed by the people assigned to this position.
  • It is not intended to include every job duty and responsibility specific to the position.

    Otsuka reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.Otsuka is an equal opportunity employer.

    All qualified applicants are encouraged to apply and will be given consideration for employment without regard to race, color, sex, gender identity or gender expression, sexual orientation, age, disability, religion, national origin, veteran status, marital status, or any other legally protected characteristic.If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation, if you are unable or limited in your ability to apply to this job opening as a result of your disability.

    You can request reasonable accommodations by contacting Accommodation Request.

  • Statement Regarding Job Recruiting Fraud Scams
  • At Otsuka we take security and protection of your personal information very seriously.
  • Please be aware individuals may approach you and falsely present themselves as our employees or representatives.

    They may use this false pretense to try to gain access to your personal information or acquire money from you by offering fictitious employment opportunities purportedly on our behalf.Please understand, Otsuka will

  • never
  • ask for financial information of any kind or for payment of money during the job application process.
  • We do not require any financial, credit card or bank account information and / or any payment of any kind to be considered for employment.

    We will also not offer you money to buy equipment, software, or for any other purpose during the job application process.

    If you are being asked to pay or offered money for equipment fees or some other application processing fee, even if claimed you will be reimbursed, this is not Otsuka.

    These claims are fraudulent and you are strongly advised to exercise caution when you receive such an offer of employment.Otsuka will also never ask you to download a third-party application in order to communicate about a legitimate job opportunity.

    Scammers may also send offers or claims from a fake email address or from Yahoo, Gmail, Hotmail, etc, and not from an official Otsuka email address.

    Please

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