Senior Sales Compensation Analyst

$83,200 - $124,800/Yr

MDU Medtronic USA Inc - Mansfield, MA

Full-time - Mid Level

Remote - Mansfield, MA

About the position

The Senior Sales Compensation Analyst at Medtronic plays a crucial role in the administration of sales compensation plans, ensuring accurate and timely commission payments for sales teams. This position involves collaboration with various departments to enhance processes and systems related to sales compensation, while also providing analytical support to drive sales performance and strategy.

Responsibilities

• Accurate administration and timely commission payments for assigned sales teams based upon documented and approved variable sales compensation plans and policies
• Responsible for understanding the functionality and ensuring accuracy of the Varicent ICM system
• Lead projects related to process improvement, system enhancements or other critical data changes
• Manage commission calculation logic within Varicent ICM system
• Annual implementation and ongoing measurement of Incentive Compensation Plan Design
• Assist in set up of annual sales plans and ongoing testing to confirm accurate payouts
• Field and respond to variable compensation and quota related inquiries
• Design and administer sales incentives to support sales goals
• Collaboration and partnership with multiple teams such as Sales Performance, Sales Analytics, Commercial Operations, Human Resources, Technology, Finance, Sales, and Marketing

Requirements

• Bachelor's degree required
• Minimum of 4 years' experience in a business analytics role, preferably in sales compensation administration, commercial operations, sales/marketing analytics, finance, or accounting
• 4+ years' experience with variable commission calculations, forecasting, data modeling, data analysis or sales reporting

Nice-to-haves

• Advanced ability in MS Office Suite (Excel, PowerPoint and Word)
• Proficiency with Excel macros, and the potential to use advanced decision support analytical tools
• Advanced degree in Business, Data Analytics, or similar area of focus
• Familiarity with Business Objects, Cognos, or other sales reporting tools
• Salesforce.com or related CRM tools
• Project management experience
• Strong skills in written and oral communication, problem solving, systems, attention to detail, project management, organization, and time management
• Understanding of compensation plan design/development and incentive approaches
• Prior experience in the Medical Devices industry
• Experience presenting data to leadership/executive level
• Experience with sales alignment, business intelligence, data visualization, and CRM tools

Benefits

• Competitive Salary
• Flexible Benefits Package
• Short-term incentive called the Medtronic Incentive Plan (MIP)