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Senior Compensation Analyst

2 months ago

Minneapolis, United States Philips Full time
Job Title
Senior Compensation Analyst (Hybrid: Plymouth MN; Colorado Springs CO)

Job Description

As a member of the Philips IGT (Image-Guided Therapy) Commercial Operations Compensation Planning team, you will be responsible for supporting the implementation of sales compensation plans, administration of sales compensation payouts, and sales performance analytics under the direction of the Senior Manager of Commercial Operations Planning. Your role will require ensuring consistency and accuracy, as well as building effective processes to deliver scalable automation solutions.

Your role:
  • Provide quality assurance in maintaining the implementation of our compensation plans with monthly and quarterly calculation of sales compensation payments, administer compensation statements, research and resolve inquiries for the sales team, and prepare monthly and quarterly accruals for finance and management team.
  • Monitor and analyze compensation results relative to sales performance. Calculate and distribute monthly rankings and performance reports.
  • Build effective processes to deliver scalable automation solutions for manual processes. This includes building and maintaining reports, presentations, compensation documents, and metrics that monitor the integrity and effectiveness of sales compensation plans.
  • Support the Sales Operations organization by implementing and adhering to effective compensation policies and procedures to ensure smooth operation. Assist in refining and building work instructions and process documentation for cross-training purposes.
You're the right fit if:
  • You've acquired to have at least 5 years work experience in an advance analytical role. Your skills include:
  • Excellent analytical, project management, problem-solving, and Excel skills, including advanced functions. Experience with Python and building macros is highly preferred.
  • Demonstrated experience in data analysis, familiarity with compensation structures and best practices, and exceptional attention to detail.
  • Strong critical thinking and problem-solving skills, and an analytical mindset with the ability to interpret large data sets.
  • Excellent presentation and communication skills (both written and verbal) with the ability to articulate complex issues and ideas.
  • You have a bachelor's degree (business administration, finance, economics, or related discipline preferred). MBA preferred.
  • You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.
  • You're a self-starter who loves taking initiative and proactively provide suggestions to streamline and improve processes, you're experienced working and communicating with large sales teams and relevant stakeholders, you have an ability to influence and collaborate with the management team, and a strong sense of urgency and ability to meet commitments.
  • Company relocation benefits will not be provided for this position. For this position, you must reside in or within commuting distance to Colorado Springs, CO or Plymouth MN
About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others.
  • Learn more about our business.
  • Discover our rich and exciting history.
  • Learn more about our purpose.
  • Read more about our employee benefits.


If you're interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.

Philips Transparency Details

The pay range for this position is $80,000 to $120,000, annually. The actual base pay offered may vary depending on multiple factors including, job-related knowledge/skills, experience, business needs, geographical location, and internal equity.

In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives may be offered. Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more. Details about our benefits can be found here.

At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case.

Additional Information

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.

Company relocation benefits will not be provided for this position. For this position, you must reside in or within commuting distance to Plymouth MNor Colorado Springs CO - hybrid role based at one of these office locations.

This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates. Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.