Associate Director, Field Incentive Compensation - Parsippany, NJ

Teva Pharmaceuticals - Parsippany-Troy Hills, NJ

Full-time - Mid Level

Hybrid - Parsippany-Troy Hills, NJ

Chemical Manufacturing

About the position

The position is responsible for leading the field incentive compensation (IC) design and administration at Teva Pharmaceuticals. This includes quota setting, IC reporting and payments, policy management, and ensuring adherence to corporate policies. The role requires strong business acumen in Pharma Sales, analytics, and financial modeling, along with experience in designing incentive compensation plans. The individual will work closely with various departments to align field incentives with brand objectives and monitor industry trends for continuous improvement.

Responsibilities

• Set the vision, direction, and standards for the Field Incentive Compensation function and create a 1-3 year roadmap for headcount, systems, and operating budget.
• Create strong collaboration with Sales, Brand Marketing, Finance, and Human Resources to facilitate the creation of field IC plans and quotas.
• Manage design, approval, and post-period evaluations of incentive plans and contests for field sales teams.
• Manage external field incentives operations partner to deliver design, quotas, evaluations, administration, and IC reports.
• Provide continuous improvement in process and plans through a cycle of plan, do, study, act.

Requirements

• Bachelor's degree required; MBA or related Master's degree preferred.
• Minimum 7 years of experience in a sales, commercial operations, or consulting related role within the pharmaceutical industry.
• Professional experience in a pharmaceutical field incentive compensation related role, 2+ years preferred.
• Sales management, sales operations, finance, and other analytical experience preferred.

Nice-to-haves

• Highly effective in sales operations or sales management with a comprehensive understanding of best practices across the pharmaceutical industry.
• Strong analytical and/or mathematical modeling skillset.
• Detail-oriented and data-driven.
• Strong communication skillset.

Benefits

• Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment.
• 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.
• Paid Time Off including vacation, sick/safe time, caretaker time, 13 paid Holidays and 3 paid floating holidays.
• Company paid Life and Disability insurance.
• Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Lifestyle Spending Account, Volunteer Time Off, Paid Parental Leave, Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability.