What are the responsibilities and job description for the Compensation Specialist position at MillenniumSoft Inc?
Position : Compensation Specialist - Remote
Location : San Diego, CA
Duration : 4 Months
Total Hours/week : 40.00
1st shift
Client: Medical Device Company
Job Category: Accounting/Finance
Level Of Experience: Mid-Level
Employment Type: Contract on W2 (Need US Citizens or GC Holders Only)
Shift Timings: M-Friday 8-5PM PST w/some flexibility
Note
Remote (any time zone)
3 Must Haves On The Resumes
Location : San Diego, CA
Duration : 4 Months
Total Hours/week : 40.00
1st shift
Client: Medical Device Company
Job Category: Accounting/Finance
Level Of Experience: Mid-Level
Employment Type: Contract on W2 (Need US Citizens or GC Holders Only)
Shift Timings: M-Friday 8-5PM PST w/some flexibility
Note
Remote (any time zone)
3 Must Haves On The Resumes
- Advanced excel skills (lookups, pivot tables at a minimum)
- Detail oriented
- Good customer service skills for internal stakeholders/Articulate and able to explain calculations
- Reporting to the Sr 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.
- 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
- 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
- Analytical Thinking
- Business Process Management
- Consultation
- Operational Excellence
- Strategic Thinking
- Change Leadership
- Results Orientation
- Personal Courage
- Self- Awareness