Compensation Specialist

MillenniumSoft Inc; San Diego (CA); Remote; USD 94,000 - 133,000; Full time

Job summary

MillenniumSoft Inc is seeking a Compensation Specialist in San Diego, CA. This remote role involves calculating sales commissions, processing incentives accurately, and managing compensation plans for a leading medical device company. The ideal candidate should possess a Bachelor's degree and advanced Excel skills, with 3-5 years of relevant experience in finance or sales operations.

Qualifications

• 3-5 years’ experience in FP&A, commissions, accounting, or sales operations.
• Advanced proficiency in Microsoft Excel.
• Strong verbal and written communication skills.

Responsibilities

• Calculate sales commissions according to compensation plans and policies.
• Update sales compensation systems with actual sales results and employee information.
• Provide support and reports for senior team members.

Skills

Advanced excel skills

Detail oriented

Good customer service skills

Education

Bachelor’s degree

Tools

Xactly Incent

Job description

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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

• Advanced excel skills (lookups, pivot tables at a minimum)
• Detail oriented
• Good customer service skills for internal stakeholders/Articulate and able to explain calculations
  
  

Job Description

• 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.
  
  

Essential Responsibilities

• 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
  
  

Qualifications Required

• 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
  
  

Key Competencies

• Analytical Thinking
• Business Process Management
• Consultation
• Operational Excellence
• Strategic Thinking
• Change Leadership
• Results Orientation
• Personal Courage
• Self- Awareness

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Contract

Job function

• Job function

  Human Resources

• Industries

  Staffing and Recruiting

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