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Incentive Compensation Manager

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Syneos Health Commercial Solutions

24d ago

  • Job
    Full-time
    Senior Level
  • People, HR & Administration
    Accounting & Tax
  • Newtown

AI generated summary

  • You must have advanced Excel skills, experience with incentive compensation platforms, database querying, strong communication, analytical skills, and a relevant degree with 5 years in compensation.
  • You will design incentive compensation initiatives, produce reports and visualizations, train teams, document workflows, and manage project timelines while collaborating with stakeholders.

Requirements

  • Must be advanced in the use of Microsoft Excel, including the ability to do complex formulas, pivot tables, and power pivot reports.
  • Proficiency with standard Microsoft Office applications (Word, PowerPoint, Outlook).
  • Experience with incentive compensation platforms (Varicent, Xactly, Oracle SPM, SAP Commissions, Anaplan, or Others)
  • Database query skills (e.g., Microsoft Access, SQL, or equivalent).
  • Ability to set and maintain multiple priorities in a fast-paced and deadline-oriented environment with shifting priorities while providing deliverables in a timely fashion.
  • Must be well-organized with excellent time management skills, attention to detail, and accuracy.
  • Ability to develop/create professionally formatted summary materials (e.g., spreadsheets, tables, charts).
  • Strong verbal and written communication skills.
  • Strong meeting facilitation skills including information gathering, feedback sessions, and facilitating training sessions
  • Ability to identify and understand broad-scope issues while simultaneously attending to details.
  • Must be a team player with excellent follow-up and customer service skills.
  • Must be self-motivated and results-oriented; take ownership of projects and produce results.
  • Pro-active, goal-oriented, and able to move quickly to resolution.
  • Proven strong analytical, critical thinking, and problem-solving skills, and ability to synthesize information and data from a variety of sources.
  • Ability to apply sound judgment to solve problems and make defensible recommendations.
  • Understand how certain compensation issues may impact other company departments.
  • Bachelor's degree in human resources, finance/accounting, organizational leadership/psychology, or a business-related field. Master’s degree in a directly related field is preferred.
  • Five (5) years of progressively responsible professional-level work experience in incentive compensation.
  • Strong data analysis/financial analysis skills; advanced Microsoft Office (i.e., Excel, Access, Word, and PowerPoint) skills.
  • Previous compensation reporting experience is mandatory.

Responsibilities

  • Serve as the primary contact and subject matter expert for incentive compensation (IC) services from implementation, including design, gathering requirements, documenting specifications for programming and report generation, developing/maintaining timelines, quality control, and coordination of administrative activities (e.g., billing).
  • Produce clearly written narratives, documents, and decks that include data visualizations such as charts, infographics, and dashboards to communicate measurement plans, findings, caveats, and actionable recommendations to cross-functional stakeholders.
  • Develop and maintain project documentation, including scope documents.
  • Lead the design of IC initiatives.
  • Work independently to process information and data to create reports on activities, trends, and projections regarding incentive plan performance, efficiencies, and possible improvements.
  • Train leadership, managers, and business partners on incentive plans.
  • Meet with management to establish, monitor, and review performance.
  • Prepare detailed workflow charts and diagrams that describe input, output, and logical operations.
  • Other projects as deemed necessary by management.

FAQs

What is the primary responsibility of an Incentive Compensation Manager?

The primary responsibility is to design, recommend, implement, and maintain compensation programs that support the achievement of company objectives.

What qualifications are required for this role?

A Bachelor's degree in human resources, finance/accounting, organizational leadership/psychology, or a business-related field is required. A Master's degree in a directly related field is preferred, along with five years of progressively responsible professional-level work experience in incentive compensation.

Is experience with incentive compensation platforms necessary?

Yes, experience with incentive compensation platforms such as Varicent, Xactly, Oracle SPM, SAP Commissions, Anaplan, or others is required.

What skills are essential for an Incentive Compensation Manager?

Essential skills include advanced Microsoft Excel proficiency, database query skills, strong analytical and critical thinking abilities, strong communication skills, and the ability to manage multiple priorities in a fast-paced environment.

Does the role require any training of other employees?

Yes, the Incentive Compensation Manager will train leadership, managers, and business partners on incentive plans.

What tools will I need to use in this position?

You will need to use Microsoft Excel, other Microsoft Office applications (Word, PowerPoint, Outlook), and incentive compensation platforms.

Are there opportunities for professional development in this role?

Yes, Syneos Health is dedicated to providing an environment where employees can thrive, develop, and advance, which includes opportunities for professional development.

What type of reporting experience is mandatory for this position?

Previous compensation reporting experience is mandatory.

What is the company’s stance on diversity and inclusion?

Syneos Health is dedicated to building a diverse, inclusive, and authentic workplace and encourages applications from individuals whose experience may not align perfectly with the job description.

What benefits are offered to employees in this position?

The benefits include a competitive compensation package, health benefits, company match 401k, flexible paid time off (PTO), and sick time.

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Syneos Health Commercial Solutions

Science & Healthcare
Industry
10,001+
Employees

Mission & Purpose

Syneos Health® (Nasdaq:SYNH) is the only fully integrated biopharmaceutical solutions organization built to accelerate customer success. We translate unique clinical, medical affairs and commercial insights into outcomes to address modern market realities. We bring together a talented team of professionals, who work across more than 110 countries, with a deep understanding of patient and physician behaviors and market dynamics. Together we share insights, use the latest technologies and apply advanced business practices to speed our customers’ delivery of important therapies to patients. Syneos Health supports a diverse, equitable and inclusive culture that cares for colleagues, customers, patients, communities and the environment.