Business Head, Business Management

Join to apply for the Head of Compensation role at GEICO

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Join to apply for the Head of Compensation role at GEICO

For more than 85 years, GEICO has stood out from the rest of the insurance industry! As a wholly owned subsidiary of Berkshire Hathaway, we are one of the nation's largest, fastest-growing and financially stable auto insurers thanks to our low rates, outstanding service and clever marketing. In 2023, GEICO earned premiums worth over $40 billion U.S. dollars.

Our success is no secret - it's the result of investing in dedicated and hardworking associates who provide exceptional service and solutions for our clients. We’re actively seeking an accomplished Head of Compensation to join our People team reporting to the Head of Total Rewards. As Compensation Leader, you’ll move GEICO forward by creating competitive compensation programs that align with the company's business and strategic goals and enhance candidate attraction, employee engagement, retention, and satisfaction.

The successful candidate is an exceptional people leader who embraces new challenges, generates market insights, drives high-impact results, motivates others, creates followership, and maintains a high bar for talent, while fostering an environment of trust, collaboration, and belonging.

Location: Our department’s hybrid model is 3 days in the office, 2 days remote per week in our New York, NY or Chevy Chase, MD office.

More Specifically, You’ll

• Lead a team of compensation business partners and analysts to support leaders in business lines, operations and corporate functions including technology, AI and data. The team is accountable for partnering with HR Business Partners and senior business leaders to facilitate annual merit and bonus programs, year-end compensation process, develop sales incentive plans, benchmark roles and recommend start rate and pay package changes.
• Develop and build support for a multi-year roadmap of compensation priorities across client areas, regularly updating and reprioritizing the roadmap to reflect a changing landscape.
• Serve as escalation point, owning resolution with partners and senior business leaders including aligning expectations on priorities, scope, timing, and limitations on customizing pay.
• Provide consultation on job architecture changes and reviews, market pricing, annual compensation cycles, unique new hire offer packages, and retention packages.
• Develop, implement and administer base pay programs, including pay setting, pay structure development, and pay progression policy formulation for given client groups.
• Design, implement, and manage executive compensation programs that align with GEICO’s strategic goals and principals and ensure the packages are competitive, equitable, and compliant with regulatory requirements.
• Work closely with senior leadership and the board of directors to develop board materials that support compensation strategies that attract, retain, and motivate top executive talent.
• Lead meetings with C-Suite leaders, inclusive of developing compelling meeting materials, challenging and debating respectfully, and influencing outcomes.
• Focus on creating a culture of belonging and collaboration through attracting, actively developing, and supporting talent across the Compensation function.
• Support the team who will 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.
• Manage and direct the work of external vendors and consultants, as necessary.
• Lead compensation related communications and change management processes.
• Partner with the Workday team to create streamlined, intuitive compensation process solutions and with other corporate areas including Finance and Legal to ensure full compliance with GEICO’s compensation programs.
• Lead strategic compensation projects and other enterprise-wide compensation initiatives.
• Proactively stay up-to-date on industry and emerging market trends and…