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Incentive Compensation Analyst II

Company: Olympus
Location: Center Valley
Posted on: May 3, 2021

Job Description:

Working Location: PENNSYLVANIA, CENTER VALLEY

Are you looking for a company that cares about people's lives and health, including yours? At Olympus, we help make people's lives healthier, safer and more fulfilling, every day.

Let's inspire healthier lives, together.

Job Description

The Incentive Compensation Analyst II collects, calculates, verifies and reports incentive compensation to the field sales force in accordance with established incentive compensation programs and guidelines.

Job Duties

  • Maintain the incentive compensation system (ICM) including records of sales force hierarchy quotas draws and territory alignments.
  • Run monthly incentive compensation processes including manual sales and commission adjustments, order/commission splits, transfers of sales/commission crediting and bonus and/or promotional calculations and entries.
  • Finalize monthly incentive compensation payable for the Manager of Incentive Compensation to approve and submit to payroll for processing in accordance with payroll deadlines.
  • Liaise with Senior Analysts/Manager to work with IT to institute logic changes, system enhancements and updates to incentive compensation system including testing and validation of said changes.
  • Engage with customers to research and accurately resolve commission and/or bonus payment related inquiries.
  • Accountable for maintaining a high level of customer service eliminating waste and driving continuous process improvement.
  • Maintain current incentive compensation plans and ensure they are being properly executed.
  • Provide compensation committee exception requests after review for completeness, to the secretary, for inclusion in meeting. Ensure summary section, remaining documentation and research is included for discussion.
  • Provide recommendations/solutions to management on process improvement and/or compensation related disputes.
  • Moderate number of increasing complexity compensation plans.
  • Act as Help Desk personnel working with various members of the sales organization to research issues and discrepancies associated with commission/bonus payouts, sales reporting, alignments, compensation plans etc.
  • Assist Sales customers in reconciliation of sales credit and incentive compensation as required.
  • Run and distribute requested ad hoc sales reports as requested.
  • Analyze sales data customer data commission history compensation plans and other key metrics.
  • Collects, calculates, verifies and reports incentive compensation to the field sales force in accordance with established incentive compensation programs and guidelines.
  • Complete thorough testing and validation of year over year compensation plan changes ensuring incentive calculations are working appropriately in the ICM for the new plan year.
  • Understand and provide input on all appropriate incentive compensation policies and SOPs creating new policies or making updates to existing policies when necessary.

Job Requirements

REQUIRED QUALIFICATIONS:

  • Minimum 2-4 years of Sales Compensation Finance Accounting or related experience.

PREFERRED QUALIFICATIONS:

  • College degree in Business or related field highly desired but not required.
  • Strong verbal, written and interpersonal communication skills.
  • Strong analytical and organizational skills.
  • Detail oriented.
  • Ability to work in a team environment.

We realize work isn't just a job to you.

It's a big part of your life, but not the only part. That's why we offer competitive salaries, a robust 401(k) program, annual bonus program and comprehensive medical benefits, as well as tuition reimbursement, flexible schedules, parental and adoption leave, on-site services and Colleague Affinity Networks - so you can be ready for where life can take you.

Olympus is passionate about the solutions it creates for the medical, life sciences, and industrial equipment industries, as well as cameras and audio products. For more than 100 years, Olympus has focused on making people's lives healthier, safer and more fulfilling by helping detect, prevent, and treat disease, furthering scientific research, ensuring public safety, and capturing images of the world.

Olympus Corporation of the Americas, a wholly owned subsidiary of Olympus Corporation, is headquartered in Center Valley, Pennsylvania, USA, and employs more than 5,500 employees throughout locations in North and South America. For more information, visit www.olympusamerica.com.

OlympusTrue to You. True to Society. True to LIFE.

It is the policy of Olympus to extend equal employment and advancement opportunity to all applicants and employees without regard to race, color, national origin (including language use restrictions), citizenship status, religious creed (including dress and grooming practices), age, sex (including pregnancy, childbirth, breastfeeding, medical conditions related to pregnancy, childbirth and/or breastfeeding), gender, gender identity and expression, sexual orientation, marital status, disability (physical or mental) and/or a medical condition, genetic information, ancestry, veteran status or service in the uniformed services, and any other characteristic protected by applicable federal, state or local law.

Posting Notes: || United States (US) || Pennsylvania (US-PA) || Center Valley ||

Keywords: Olympus, Bethlehem , Incentive Compensation Analyst II, Other , Center Valley, Pennsylvania

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