Strategic Compensation Analytics Lead

Rite-Hite

Milwaukee (WI)

Hybrid

USD 85,000 - 120,000

Full time

14 days+

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Job summary

Rite-Hite, a global leader in loading dock and door equipment, seeks a Senior Financial Analyst to lead administration, analysis, governance and improvement of variable compensation programs for sales and service teams. You will build financial models, run scenario analyses and evaluate incentive strategies to support planning and executive decisions.

Collaborating with Sales, Service, Finance, HR, IT and leadership, you will forecast compensation expense, validate data, ensure accurate payout

Qualifications

Bachelor's degree in Finance, Accounting, Business, Economics, Mathematics, Information Systems, or related field.
2–5 years of experience in sales compensation, financial analysis, sales operations, business analytics, or related field.
Advanced Microsoft Excel skills including Pivot Tables, Power Query, Complex formulas, Data validation.
Experience analyzing large datasets.
Strong analytical and problem-solving skills.
Excellent organizational and communication abilities.
Ability to manage multiple priorities while meeting deadlines.

Responsibilities

Administer monthly, quarterly, and annual incentive compensation calculations for sales, service and administrative employees in the distribution organization.
Validate performance metrics and compensation results prior to payout.
Ensure compensation calculations comply with approved plan documents and governance standards.
Coordinate compensation processing with Payroll and Finance.
Maintain compensation calendars and meet established processing deadlines.
Collect, cleanse, and validate performance data from CRM, ERP, service management, and financial systems.
Analyze sales, revenue, margin, service, and operational performance against incentive plans.
Develop recurring and ad hoc reports to monitor compensation trends and business performance.
Perform variance analyses to identify unexpected payout results or data discrepancies.
Support forecasting of incentive expense and accruals.
Assist in the design, modeling, and implementation of new incentive compensation plans or changes in KPIs
Perform financial modeling to evaluate proposed plan changes.
Analyze plan effectiveness and recommend enhancements based on business objectives and participant behavior.
Document business rules and calculation methodologies.
Serve as a trusted resource for Sales, Service, HR, and Finance regarding compensation questions.
Research and resolve compensation disputes and participant inquiries.
Communicate compensation results and explain calculations to stakeholders.
Provide visibility to stakeholders through the development of dashboards and executive reporting.
Identify opportunities to automate manual compensation processes In Tableau or other tools
Improve data quality, reporting accuracy, and calculation efficiency.
Develop and maintain process documentation and standard operating procedures.
Ensure incentive programs comply with company policies and audit requirements.
Maintain confidentiality of compensation information.
Support internal and external audits related to incentive compensation.
Ensure proper documentation of compensation plans and approvals.