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Job Location: Poona
Job Detail:
Pay Plan Administration/Execution
- Ownership of the day to day administration and issue resolution for commission and other incentive pay processes.
- Calculates incentive award payments to incentivized personnel based on pay plan provisions.
- Performs activities needed for the design, development, implementation, communication, and administration of incentive programs, plans, policies, and quotas.
- Ensure accuracy and timeliness of incentive payments as outlined in the plan.Roles and Responsibilities
- Analyzes commission and incentive compensation reporting from various sources to validate data and research all exceptions.
- Utilize all reporting systems to compile data for payment calculation or analysis.
- Perform audits of all data sources to confirm accuracy and functionality of system/process and manage issue resolution with appropriate teams as necessary and ensure all internal audit controls are effective.
- Collaborate and assist with system integration and improvement projects.
- Consolidation of data and reporting for all types of incentive compensation, including commissions and bonuses
Trouble Shooting
- Provide timely responses and issue resolution, escalating as appropriate, to inquiries from all levels in the organization.
- Resolves reconciliation issues related to commission data and/or compensation payouts.
- Serve as Subject Matter Expert (SME) in troubleshooting and problem solving with internal departments on data and process issues.
- Execute and create incentive compensation training curriculum, content, and materials.
- Identify and support process improvement efforts that may include areas outside of immediate team.
Pay Plan Administration/Execution
- Ownership of the day to day administration and issue resolution for commission and other incentive pay processes.
- Calculates incentive award payments to incentivized personnel based on pay plan provisions.
- Performs activities needed for the design, development, implementation, communication, and administration of incentive programs, plans, policies, and quotas.
- Ensure accuracy and timeliness of incentive payments as outlined in the plan.
Reporting
- Design and implementation of reporting packages for various groups in the organization depending on business need.
- Analyze pay plan performance results, prepare standardized calculation statements, presentations, and recommendations for appropriate leadership teams, finance management and/or HR.
- Perform cost and/or trend analysis or modeling of alternative commission/incentive plan design or quota levels.
Desired Candidate Profile :
- 3+ years of Relevant Experience
- Qualifications : preferred BE , MBA , MCA , MCM
- Skills :
- Very strong analytical Skills .
- Strong Excel Skills with Basic understanding of Macros
- VBA Coding ( Good to have)
- Good Communications skills along with hands on Stake holder management
Perks and Benefits: As per the norms
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