Role Description
The Sales Commission and Compensation Specialist is a seasoned subject matter expert, responsible for working in collaboration with various functional teams to ensure the provision of sales commission programs and models that allow timely and accurate payment to all employees on a sales bonus plan according to the annual sales plan policy.
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Contributes to the development of sales commission programs and models for the sales organisation.
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Administer and recommend industry best practices regarding bonus programs, sales compensation plans, compensation systems and compensation procedures, policies and regulations that are aligned to the organisation’s strategic plan.
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Performs administrative activities related to sales compensation reporting including but not limited to the accurate and timely preparation of sales quota templates, computation of sales bonus, upload of individual results in relevant portal, etc.
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Responsible for implementing enhancements to the sales bonus portal as aligned to business requirements.
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Studies labour markets to determine compensation trends and related benchmark data and advises management of any recommendations or changes for consideration.
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Responsible for compensation data collection and preparation and consider market data when completing the compensation planning process.
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Conduct audits and analyse compliance with statutory regulations and company policies.
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Provides input into and assists with the implementation and administration of compensation programs and policies.
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Prepares and files reports which they import and export from the sales compensation system and relevant databases for processing.
Qualifications
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Seasoned analytical and reasoning abilities.
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Good interpersonal communication skills.
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Ability to manage ambiguity and complex data.
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Strong relationship building abilities coupled with the ability to engage with a variety of internal and external stakeholders.
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Self-motivated and detail-oriented, with demonstrated problem solving and decision-making skills.
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Displays a seasoned understanding of the business requirements.
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Seasoned knowledge of compensation, bonus and commission plans for sales industry.
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Ability to multi-task while managing deadlines, to perform well under pressure and to work independently and as a part of a team.
Requirements
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Bachelor's degree or equivalent in business or finance or a related field.
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Seasoned relevant experience in similar role within a related environment.
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Seasoned experience in automated sales commissions systems and their set-up and operation is a plus.
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Seasoned experience dealing with stakeholders.
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Seasoned experience in administering sales commissions / bonus / compensation plans.
Benefits