Compensation Analyst

5 days ago

Franklin Lakes, New Jersey, United States millenniumsoft Full time $104,000 - $209,000 per year

Position: Compensation Analyst - Incentives

Location : Franklin Lakes, NJ

Duration : 6+ Months contract

Total Hours/week: 40.00

1st Shift

Client: Medical Device Company

Employment Type: Contract on W2 (Need US Citizens Or GC Holders Only)

No H1b's

Reporting to the Manager- Incentive Compensation, the main function of Analyst, IC Administration is to timely and accurately process sales incentives for the various sales team across US Region. This includes administering compensation plans and creating/updating logic in the Xactly Incent compensation system, working with business partners to obtain crucial data for processing, diligently working with HR to meet deadlines and track new hires/terms, generating revenue reports through reporting tools such as QlikView necessary for monthly processing, working with complex formulas in Excel, and providing excellent service by resolving/researching rep's inquiries in a timely manner.

Essential Responsibilities:

• Calculate sales commissions according to sales compensation plans and policies, ensuring commission and bonus calculations are done accurately and in a timely manner.

• Update sales compensation system with actual sales results, individual quotas, employee information, and compensation plan information.

• Answer and resolve commission questions and issues from their assigned Sales team.

• Provide support and ad hoc reports for senior team members.

• Build and maintain annual compensation plan models within the Xactly Incent compensation system.

• Validating sales data for accuracy and consistency with the Compensation Program guidelines, as defined in the annual planning process and the Comp Plan T&Cs.

• Assisting with the distribution of individual Compensation Plans and collection of their plan agreements

Qualifications Required:

• Bachelor's degree required.

• 3-5 years' experience in FP&A, commissions, accounting, or sales operations

• Advanced proficiency in Microsoft Excel is required.

• Knowledge of or willingness to learn Xactly Incent, and ability to leverage the platform for business needs.

• Strong verbal and written communication skills. Must have strong presentation ability.

• Excellent organizational ability and time management skills.

• Strong attention to detail to ensure accuracy and integrity of monthly incentives.

• Must be able to adapt to occasional flexible work schedule due to necessary deadlines and ad hoc reporting requirements.

• Ability to think independently and challenge status quo for the benefit of the business.

• Gain and maintain a thorough understanding of compensation plans, source data and related business contacts.

• Collect, organize and input required components within Xactly Incent to calculate variable compensation.

• Provide timely research and superior customer service related to compensation disputes initiated by the various levels of the Selling organization

Key Competencies

• Analytical Thinking

• Business Process Management

• Consultation

• Operational Excellence

• Strategic Thinking

• Change Leadership

• Results Orientation

• Personal Courage

• Self- Awareness

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