What are the responsibilities and job description for the Sr. Compensation Analyst - Sales & Variable Pay position at Arthrex?
Requisition ID: 64098 Title:Sr. Compensation Analyst - Sales & Variable PayDivision:Arthrex, Inc. (US01)Location:Naples, FL
Arthrex, Inc. is a global medical device company and a leader in new product development and medical education in orthopedics. Arthrex’s Human Resources team is adding a Sr. Compensation Analyst - Sales and Variable Pay located at our Naples, FL campus. The Sr. Compensation Analyst - Sales and Variable Pay supports the creation, implementation and administration of sales and variable pay programs. They are also responsible for ensuring the accurate calculation of commissions and incentives maintaining the integrity of compensation data and assisting in the analysis of plan effectiveness. The successful candidate will need five years or more of compensation experience preferably in sales and variable pay, advanced Excel skills and a bachelor’s degree. Experience with SAP preferred. Join our talented team at a global medical device company focused on Helping Surgeons Treat Their Patients Better™.
Essential Duties And Responsibilities
Arthrex, Inc. is a global medical device company and a leader in new product development and medical education in orthopedics. Arthrex’s Human Resources team is adding a Sr. Compensation Analyst - Sales and Variable Pay located at our Naples, FL campus. The Sr. Compensation Analyst - Sales and Variable Pay supports the creation, implementation and administration of sales and variable pay programs. They are also responsible for ensuring the accurate calculation of commissions and incentives maintaining the integrity of compensation data and assisting in the analysis of plan effectiveness. The successful candidate will need five years or more of compensation experience preferably in sales and variable pay, advanced Excel skills and a bachelor’s degree. Experience with SAP preferred. Join our talented team at a global medical device company focused on Helping Surgeons Treat Their Patients Better™.
Essential Duties And Responsibilities
- Works collaboratively with Sales, Finance and HR Leadership to design sales compensation plans.
- Calculates and processes sales commissions in alignment with plan documents, ensuring timely and accurate payouts to participants.
- Supports the administration of sales and variable pay compensation plans, including maintaining accurate records and resolving discrepancies in data.
- Analyzes sales data, tracks quotas, and tracks territory alignment to evaluate the effectiveness of commission and incentive plans. Identifies opportunities to improve sales compensation processes and systems.
- Prepares regular and ad-hoc reports on plan performance, providing insights to sales leadership and stakeholders.
- Responds to inquiries from sales teams regarding compensation calculations and plan details.
- Works closely with Sales, Finance, and Payroll to ensure to ensure seamless data flow and reporting accuracy.
- Supports compensation modeling and scenario analysis during annual planning cycles. Provide data support for governance meetings.
- Plays a role in managing global Long Term Incentive Plans. Deals with high level benefit plans and sales structures.
- Has visibility of International Sales, commissions and compensation roles, plans and structures.
- Bachelor's degree required; preferably in business administration, human resources, accounting, finance or related field.
- Certified Compensation Professional/Global Remuneration Professional designation preferred.
- Minimum of 5 years’ compensation experience required. Sales compensation experience preferred.
- Experience working in Compensation at a Global Company is highly preferred.
- Strong excel skills required.
- Excellent analytical, organizational, and communication skills.
- Ability to work independently and interact effectively with employees and managers at all organizational levels.
- Demonstrated attention to detail and ability to meet deadlines.
- Ability to work well under pressure and handle multiple projects simultaneously.
- Ability to handle information in a manner which protects confidentiality.
- Advanced knowledge of MS Excel and Word.
- SAP experience preferred.
- Medical, Dental and Vision Insurance
- Company-Provided Life Insurance
- Voluntary Life Insurance
- Flexible Spending Account (FSA)
- Supplemental Insurance Plans (Accident, Cancer, Hospital, Critical Illness)
- Matching 401(k) Retirement Plan
- Annual Bonus
- Wellness Incentive Program
- Free Onsite Medical Clinics
- Free Onsite Lunch
- Tuition Reimbursement Program
- Trip of a Lifetime
- Paid Parental Leave
- Paid Time Off
- Volunteer PTO
- Employee Assistance Provider (EAP)