at Medline Industries, Inc. in Northfield, Illinois, United States
Job Description
Job Summary
Job Description
Under little to no supervision, calculate and analyze corporate formula bonus program results and payouts.
Administer the Corporate Formula Bonus Program for large-volume, non-sales force employees.Responsibilities:
- Oversee the administration of the Corporate Formula Bonus Program including new entries/exits and database
maintenance. - Ensure all eligible employees are given their formula bonus potential in writing within 30 days of being hired or assigned.
Contact the head of the division and/or manager to ascertain the appropriate formula bonus measurement.
Calculate, audit and communicate quarterly Formula bonus calculations. - Ensure accuracy of all database content. Maintain database of eligible employees and their respective bonus program
guidelines. - Audit and maintain the integrity of selected source documents. Reconcile data provided; escalate reconciliation issues with
manager. - Create and distribute monthly performance reports with all supporting documents; includes fielding questions from
management. - Identify and present opportunities for process improvement; automate formula bonus worksheets for assigned areas
Qualifications:
- Bachelors degree in Business or Finance
- At least 4 years of professional work experience in one or more of the following fields: compensation, internal audit,
financial analysis and/or accounting
Preferred Qualifications:
- Experience processing all relevant details, understanding and prioritizing their importance and drawing clear and concise
conclusions. - Experience taking the steps to ensure the assignment/ project is accomplished within tight timeframes.
Experience controlling and coordinating concurrent projects, competing priorities and critical deadlines. - Advanced level skill in Microsoft Excel (for example: using AVERAGE function, merging and centering cells, printing centered
page and/or creating a pivot table).
Benefits - Medline is committed to offering competitive benefits and a variety of choices to best meet the needs of you and your family. For employees scheduled to work at least 30 hours per week, this includes health and well-being, financial fitness, career development, paid time off and more. Employees scheduled to work less than 30 hours per week can participate in the 401(k) plan, access the Employee Assistance Program (EAP), Employee Resource Groups (ERG) and Medline Service Corps. For a more comprehensive list of our benefits, please click here.
Every day, were focused on building a more diverse and inclusive company, one that recognizes, values and respects the differences we all bring to the workplace. From doing whats right to delivering business results, together, were better. Explore our Diversity, Equity and Inclusion page. can the underlined be a link to https://www.medline.com/about-us/inclusion-and-diversity/
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
