Compensation Analyst, Sales Commissions

Biomerieux - Salt Lake City, UT

Full-time

Salt Lake City, UT

Merchant Wholesalers, Durable Goods

About the position

The Compensation Analyst for Sales Commissions at bioMerieux, Inc. plays a crucial role in supporting the compensation planning and administration process. This position involves managing sales commission calculations and reports, ensuring data accuracy, and providing insights to improve sales forecasting and compensation strategies. The analyst will collaborate closely with Clinical Commercial Operations and other teams to deliver timely and accurate financial reports while adhering to company quality standards.

Responsibilities

• Support the compensation planning and administration process
• Manage monthly, quarterly, and annual sales commission calculations and reports
• Act as a key business partner with leaders from Clinical Commercial Operations to ensure accuracy of data used in commission calculation
• Provide weekly, monthly, quarterly, and year-end reports for SIP efficiency
• Support data modeling used for setting territories and forecasting, objectives, and variable sales compensation plans for all sales channels
• Support annual Commercial Clinical Operations sales commission budget, quarterly forecasts/RandO, and variance reporting
• Ensure accuracy and timeliness of reporting
• Analyze historical results, perform variance analysis, identify trends, and design financial models at the customer and item level when necessary
• Support the Sales and Finance teams to improve forecast accuracy
• Perform ad-hoc analysis as needed, delivering data-based insights that drive decisions
• Perform all work in compliance with company policy and within the guidelines of bioMerieux Quality System
• Perform all work in compliance with company quality procedures and standards
• Perform other duties as assigned

Requirements

• Bachelor's Degree in Accounting, Finance, Information Systems or related field or equivalent experience
• 2+ years working with sales compensation/incentives plans
• 2+ years in financial reporting or data analytics (tied to compensation) preferred
• Experience working in the medical, diagnostics or life sciences industries preferred
• Experience working with automated compensation reporting tools preferred
• Excellent communication skills both written and verbal
• Excellent documentation and organization skills
• Able to interact and communicate with multiple levels in the Sales organization
• Advanced Excel skills
• Advanced PowerPoint skills
• Salesforce CRM experience preferred
• SAP or other enterprise management system
• BI tools (Tableau, Alteryx or DOMO preferred) and data warehouse

Nice-to-haves

• Experience working in the medical, diagnostics or life sciences industries preferred
• Salesforce CRM experience preferred
• Experience working with automated compensation reporting tools preferred
• BI tools (Tableau, Alteryx or DOMO preferred) and data warehouse