Full-Time

Director – Compensation Business Partner

Posted on 11/15/2024

Geico

Geico

10,001+ employees

Direct-to-consumer auto and home insurance provider

Financial Services

Compensation Overview

$128k - $224kAnnually

Senior, Expert

No H1B Sponsorship

Fredericksburg, VA, USA + 3 more

More locations: Dallas, TX, USA | New York, NY, USA | Bethesda, MD, USA

Hybrid role requiring on-site presence 3 days per week at Chevy Chase, MD, New York, NY, Fredericksburg, VA, or Dallas, TX.

Category
Management Consulting
Consulting
Required Skills
Data Analysis
Requirements
  • Bachelor's or Master's degree in a field related to Finance, Business management/administration, or HR administration preferred.
  • External market awareness and insight into compensation trends and legislation.
  • Familiarity with HRIS applications (Workday) desired.
  • 10+ years of compensation experience preferred.
  • 5+ years of management experience preferred.
  • Leverages a consultative approach, strategic focus, and pragmatism, coupled with highly analytical thinking and meticulous attention to detail.
  • Advanced Excel expertise and ability to create, organize and manipulate large sets of data in complex Excel spreadsheets.
  • Excellent verbal and written communication skills. Must have good interpersonal and client facing skills with HR Business Partners, Managers, and Senior Leadership. Comfortable partnering and communicating with all levels within organization.
  • Proven analytical and problem-solving skills as well as an ability to manage multiple tasks simultaneously to successful completion in a fast-paced environment.
  • Collaborative team player and self-starter. Take personal initiative as well as develop strong working relationships.
  • Certified Compensation Professional (CCP) preferred.
Responsibilities
  • Act as the primary consultant for multiple support functions and/or business units, serving as a strategic advisor on compensation practices and the pay landscape both internally and externally.
  • Conduct job family reviews and market price jobs.
  • Provide innovative compensation recommendations and solutions that are aligned with business strategy, challenging the status quo where necessary to arrive at optimal outcomes.
  • Lead compensation related communications and change management processes.
  • Facilitate annual merit and bonus programs for assigned client groups.
  • Develop, implement, and administer base pay programs, including pay setting, pay structure development, and pay progression policy formulation for given client groups.
  • Conduct complex modeling and analysis on all aspects of compensation which may include building analytical tools to predict and/or diagnose compensation issues, drawing themes and trends from data analysis to influence and support decision making, and effectively representing data in charts and graphs.
  • Lead and develop a team of compensation analysts.
  • Partner with other corporate areas to ensure full compliance of all compensation programs (e.g., Accounting, Tax, and Legal).
  • Develop and deliver efficient and effective presentations to influence decision making and communicate information to management and partners.

GEICO provides a range of insurance products, with a primary focus on auto insurance. The company sells policies directly to consumers, which allows them to offer lower rates by eliminating intermediaries like brokers. Customers can obtain quotes, manage their policies, and file claims through GEICO's user-friendly website. In addition to auto insurance, GEICO also covers motorcycles, ATVs, RVs, as well as home and renters insurance. What sets GEICO apart from its competitors is its strong online presence and memorable advertising campaigns that enhance brand recognition and customer loyalty. The company's goal is to simplify the insurance process for its customers while providing competitive rates and comprehensive coverage options.

Company Stage

Acquired

Total Funding

N/A

Headquarters

Tulsa, Oklahoma

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • GEICO's strong financial performance, as evidenced by its recent $1.78 billion profit in Q2, indicates robust business health and growth potential.
  • The company's new fan engagement platform with MLB could enhance brand visibility and customer engagement.
  • Recognition of military service members through awards highlights GEICO's commitment to community and social responsibility, potentially attracting a loyal customer base.

What critics are saying

  • Allegations of discriminatory practices and ongoing legal challenges could damage GEICO's reputation and lead to financial penalties.
  • The competitive landscape in the insurance industry, with strong players like State Farm and Progressive, requires continuous innovation to maintain market share.

What makes Geico unique

  • GEICO's direct-to-consumer model allows it to offer competitive rates by eliminating intermediaries, unlike many traditional insurance companies.
  • The company's extensive online presence and user-friendly website provide a seamless customer experience for managing policies and filing claims, setting it apart from competitors.
  • GEICO's memorable advertising campaigns have significantly boosted brand recognition and customer loyalty, a competitive edge in the crowded insurance market.

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