Senior Incentive Compensation Specialist
3 days ago
About the Role:
We are seeking a highly skilled Senior Incentive Compensation Specialist to join our team in Europe or APAC. As an experienced professional, you will be responsible for managing the day-to-day affairs of our commission plans, including annual and new hire plan design, quota distribution, monthly and quarterly commission attainment and earnings calculations, and regular sales performance reporting.
The ideal candidate will have a strong background in commercial compensation, accounting, or finance, with experience working with large data sets and enterprise-grade CRMs. You will be an integral partner in driving enhancements, standardization, and efficiency initiatives on our overall commission process.
You will work closely with leadership to design, approve, and launch short-term SPIFFs and incentives as required. Additionally, you will develop and maintain commercial commission calculators and statements, perform regular audits to ensure data integrity, and prepare OTP files for Payroll purposes.
We offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.
Responsibilities:
- Process quarterly commission earnings/incentives on a timely and accurate manner.
- Manage commercial commission tools (Xactly) and work with the team to install a new system.
- Manage Plan and Quota distribution.
- Keep system up to date with individual information: new hires – terminations – new quota/TI to support correct quarterly calculations.
- Develop and maintain commercial commission calculators and statements for use by the commercial team and throughout quarterly commission earnings process.
- Perform regular audits to ensure data integrity between systems and tools.
- Assist in annual commercial commission plan development process and leading tool/systems setup.
- Manage regular commission exceptions process.
- Assist in regular commission performance reporting efforts.
- Act as conduit for Plan and Earnings communication and queries with the commercial teams.
- Prepare monthly commercial compensation accruals for Finance.
- Prepare OTP file for Payroll purposes.
- Process design and documentation required to perform the commission process.
- Deliver tool end-user training and support.
- Drive enhancements, standardisation, and efficiency initiatives on the overall commission process.
- Work with Leadership to design, approve and launch short term SPIFFs and incentives as required.
Requirements:
- Bachelor's degree in business, finance or related field (Preferred)
- Experience in commercial compensation, accounting or finance, with a focus on commercial incentive plans.
- Experience working with large, disparate data sets.
- Experience working with SalesForce.com and/or other enterprise grade CRMs.
- Strong verbal and written communication skills.
- Strong analytics skills.
- Strong knowledge of business tools (Microsoft Excel, PowerPoint, Word, Keynote)
- Knowledge of commercial incentive and commission systems (Preferred).
- Mid-level SQL background
Salary: £60,000 - £80,000 per annum
Benefits:
- Competitive total rewards package
- Continuing education & training
- Tremendous potential with a growing worldwide organization
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