Associate Director, US Field Operations – Incentive Compensation

At Genmab, we are dedicated to building extra[not]ordinary® futures, together, by developing antibody products and groundbreaking, knock-your-socks-off KYSO antibody medicines® that change lives and the future of cancer treatment and serious diseases. We strive to create, champion and maintain a global workplace where individuals’ unique contributions are valued and drive innovative solutions to meet the needs of our patients, care partners, families and employees.

Our people are compassionate, candid, and purposeful, and our business is innovative and rooted in science. We believe that being proudly authentic and determined to be our best is essential to fulfilling our purpose. Yes, our work is incredibly serious and impactful, but we have big ambitions, bring a ton of care to pursuing them, and have a lot of fun while doing so.

Does this inspire you and feel like a fit? Then we would love to have you join us!

The Role
The position will be responsible for managing the key area of field force incentive compensation. The Associate Director of Field Operations – Incentive Compensation works closely with field leadership to ensure a highly motivating incentive compensation plan is designed, administered & maintained. The candidate will be responsible for owning the end to end Incentive Compensation process from design and implementation to payouts and leadership updates. The Associate Director of Field Operations – Incentive Compensation will report directly to the Director of Field Operations.

Responsibilities

• The candidate will have key responsibilities of leading the incentive compensation process for field teams at Genmab.

• Coordinates with other functions and stakeholders in Sales, Marketing, Business Insights & Analytics, Business Information Services, HR, finance as well as third party vendors across incentive compensation strategy, sales data flow and incentive compensation processing.

• Proactively monitors and strives to maintain high levels of quality, accuracy, and process consistency in field incentive compensation planning and administering.

• Incentive Compensation Design: Lead the design and development of annual incentive compensation and special incentive plans and gain leadership alignment across field leadership, marketing, operations, customer experience & insights, HR, Finance, Legal & Compliance.

• Manage IC operations: Align on forecasts across BIA & leadership for goal allocation and oversee on-going IC operations including adjustments, validation, payout processes, and field reporting tool updates.

• Incentive Compensation Reporting & Benchmarking: Design & manage standard IC readouts for various levels of the organization highlighting plan performance and comparison against best-in-class industry benchmarks (field & home office leadership)

• Own the processing and on-time delivery of year end annual awards trip and promotion criteria based on performance.

• Manage quality controls and quality assurance in the tracking & implementation of field force incentive compensation across applicable systems.

• Stay up to date on industry trend around biotech incentive compensation with a goal of bringing innovation to the forefront of Genmab

Requirements

• Bachelor's Degree is preferred; advanced degree is a plus.

• Must have 7+ years of work experience in field operations, marketing analytics, strategic consulting or other analytical work in the pharmaceutical, biotech or related industries.

• Detailed understanding of sales processes, sales data tracking, sales force automation, incentive compensation operations.

• Proficient in all aspects of analyzing and administering healthcare sales data for incentive compensation processes.

• The exceptional ability to manage multiple projects in a fast-paced environment, with changing priorities and significant time pressures is required.

• Requires in-depth and current knowledge of pharmaceutical sales and marketing strategies including building field incentive plans.

• Strong communication skills (both verbal and written) required along with strong project/process management skills.

• The ability to develop and maintain strong team relationships, including external partners, while driving for positive results is required.

• Previous experience in oncology is preferred.

Location: This position currently adopts a hybrid work model, requiring 3 days per week on-site at the Princeton, NJ office.

For US based candidates, the proposed salary band for this position is as follows: