Incentive Compensation Administrator

Gi Group; Pune District; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

Gi Group Pune, India, seeks an Incentive Compensation Administrator to manage and administer incentive plans, ensure accurate calculations and timely payouts, and support forecasting and analytics. You will liaise with HR, Finance and Sales to refine incentive structures and maintain data integrity in compensation systems.

The role requires 3+ years in IC administration, proficiency with major IC software, and knowledge of offshore tax laws. A finance-related degree and CCP/GRP are a plus.

Qualifications

• 3+ years in incentive compensation administration in offshore finance or pharma/life sciences context.
• Experience with incentive compensation software (Axtria, Zaidyn, IQVIA, Salesforce, Xactly, SAP Commissions, Varicent).
• Knowledge of offshore tax laws, compliance, and incentive frameworks.

Responsibilities

• Administer and process incentive compensation plans with accuracy and timeliness.
• Validate commissions and bonuses against performance metrics and contracts.
• Generate reports on compensation performance and variances; support dashboards for leadership.
• Collaborate with HR, Finance and Sales to optimize incentive structures.
• Maintain compensation data integrity in systems and support audits.

Skills

Analytical skills

Excel

Financial modelling

Stakeholder management

Attention to detail

Communication

Global/ offshore familiarity

Education

Bachelor's degree in finance

Bachelor's degree in accounting

Bachelor's degree in business administration

CCP or GRP certification (plus)

Tools

Axtria

Zaidyn

IQVIA

Salesforce.com

Xactly

SAP Commissions

Varicent

Job description

Position / Job: Incentive Compensation Administrator

Department: Global Commercial Excellence within Corporate Development

Location: Pune, India

Global Org Commercial Excellence: Sales Force Effectiveness

Reports to: Local Head / Global Lead

Purpose / Key Responsibilities:

• Compensation Administration & Processing
• Administer and maintain the specific Market Units incentive compensation plans, ensuring accurate and timely calculations and payouts
• Validate commission and bonus calculations based on performance metrics, contracts, and company policies
• Ensure data integrity in compensation-related systems and coordinate necessary updates

Major Duties & Responsibilities:

Analysis & Reporting:

• Generate and analyse reports on compensation performance, trends, and variances
• Develop dashboards and reports for senior management to assess incentive effectiveness
• Provide financial modelling and forecasting for incentive compensation planning

Compensation Calculations & Processing:

• Administer IC plans, ensuring accurate and timely payments
• Calculate commissions, bonuses, and other performance-based rewards
• Validate compensation data
• Maintain and update records accordingly

Stakeholder Collaboration & Support:

• Partner with HR, Finance, and Sales teams to optimize incentive structures and resolve discrepancies
• Serve as a point of contact for employee inquiries related to incentive compensation
• Educate employees on incentive compensation policies, structures, and changes

System & Process Optimization:

• Assist in the implementation and maintenance of compensation software and automation tools
• Identify and recommend process improvements to enhance efficiency and accuracy

Compliance & Risk Management:

• Ensure compliance with local offshore regulatory frameworks, tax laws, and global compensation policies
• Assist with internal and external audits, providing necessary documentation and justifications
• Work closely with legal and finance teams to align compensation plans with business goals and industry best practices

Education & Certifications:

• Bachelor's degree in finance, Accounting, Business Administration, or a related field
• Professional certifications in compensation management (e.g., CCP, GRP) are a plus

Experience:

• 3+ years of experience in incentive compensation administration, preferably within an offshore financial or commercial environment /3+ years of professional experience preferably in Pharma/MedTech/Life Science industry
• Experience with incentive compensation software (e.g. Axtria, Zaidyn, IQVIA, Sales force.com , Xactly, SAP Commissions, Varicent) is an advantage.

Skills & Competencies:

• Strong analytical and quantitative skills, with proficiency in Excel and financial modelling
• Familiarity with offshore tax laws, compliance regulations, and compensation frameworks
• Attention to detail with the ability to manage large datasets and ensure accuracy Strong communication and stakeholder management skills
• Ability to work in a fast-paced, global business environment