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Manager of Sales Compensation

at BioFire Diagnostics, LLC. in Chicago, Illinois, United States

Job Description

Primary Duties

+ Support and lead the compensation planning and administration process.

+ Manage monthly, quarterly, and annual sales commission calculations and reports.

+ Be the key business partner with leaders from Clinical Commercial Operations to ensure accuracy of data used in commission calculation.

+ Provides weekly, monthly, quarterly, and year-end reports to Senior Management.

+ Oversee data modeling used for setting territories and forecast, objectives, and variable sales compensation plans for all sales channels.

+ Analyze and manage territory & employee adjustments, while setting process and SOPs.

+ Expert level knowledge of field reporting tools for SIP & Analytics.

+ Working with sales team to manage sales targets, tracking and adjustments.

+ Support end of month revenue adjustments, accruals, and payout reviews.

+ Manage annual Commercial Clinical Operations sales commission budget, quarterly forecasts/R&O, 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.

+ Ensures the Sales & Marketing reporting needs in Salesforce CRM, including ensuring the accuracy and integrity of CRM customer data.

+ 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 bioMérieux Quality System.

+ Perform all work in compliance with company quality procedures and standards.

+ Performs other duties as assigned.

Qualifications

+ Bachelor’s degree in accounting, Finance, Information Systems or related field or equivalent experience.

Experience

+ 5+ years working with sales compensation/incentives plans.

+ 2+ years managing compensation planning, strategy and full year 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.

Knowledge, Skills, and Abilities

+ 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

Domestic travel required 15% of time Indirect supervision (approximate) 1 total indirectly supervised
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Job Posting: JC260560499

Posted On: May 31, 2024

Updated On: Aug 03, 2024

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