Incentive Compensation Design Manager

Syneos Health; Bridgewater (MA); On-site; USD 80,000 - 110,000; Full time

Job summary

Join a dynamic and innovative firm dedicated to improving patient outcomes through strategic compensation management. In this pivotal role, you will design and implement compensation programs that not only support business objectives but also foster a culture of performance and accountability. You will collaborate with cross-functional teams, utilizing advanced analytical skills and tools to deliver competitive compensation solutions. This is an exciting opportunity to make a significant impact in a global company that values diversity and inclusion while working towards the common goal of enhancing healthcare delivery. Your expertise will directly contribute to the success of key internal departments and client teams, making this role both rewarding and impactful.

Qualifications

• 5+ years of experience in incentive compensation management.
• Bachelor's degree required; Master's preferred in related fields.

Responsibilities

• Design and implement compensation programs aligned with company goals.
• Analyze and report on incentive plan performance and efficiencies.

Skills

Microsoft Excel

Microsoft Office

Incentive Compensation Platforms

Database Query Skills

Data Analysis

Communication Skills

Analytical Skills

Time Management

Problem-Solving Skills

Meeting Facilitation

Education

Bachelor's Degree in Human Resources or Related Field

Master's Degree in a Related Field

Tools

Microsoft Access

SQL

Varicent

Oracle SPM

SAP Commissions

Anaplan

Job description

Updated: October 30, 2024
Location: Bridgewater, NJ, United States
Job ID: 6283

You’re driven, resourceful, and above all else - remarkably smart.

In this role, you will be responsible for designing, recommending, implementing, and maintaining compensation programs, policies, and procedures that support the achievement of company objectives. This role will include management of compensation plans of key internal departments (business development, recruiting team, leadership roles) as well as client teams as required.

You will be responsible for delivering fair, innovative, competitive, and performance-driven compensation in an efficient manner to business partners throughout the organization. This role involves compensation program analysis, creation, maintenance, and administration. The manager will also be responsible for data analysis and reporting, providing necessary professional and technical support and guidance.

Key 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.

Required Knowledge, Skills, and Abilities:

• 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.

Qualifications:

• 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.

At Syneos Health, we are dedicated to building a diverse, inclusive and authentic workplace. If your past experience doesn’t align perfectly, we encourage you to apply anyway. At times, we will consider transferable skills from previous roles.

Why Syneos Health? We partner with industry experts to solve and execute against today's toughest commercialization challenges facing the world's leading healthcare companies. The diversification and breadth of our new and existing partnerships create a multitude of career paths and employment opportunities on our Commercial Operations and Leadership teams. Join our game-changing, global company dedicated to creating better, smarter, faster ways to get biopharmaceutical therapies to patients. Experience the thrill of knowing that your everyday efforts are contributing to improving patients' lives around the world.