Administration

• Administer and manage the company's incentive compensation programs, ensuring all calculations and payments are accurate and delivered in a timely manner
• Collaborate with cross-functional teams, including Sales, Finance, and Human Resources, to establish and maintain effective incentive compensation processes and policies
• Develop and maintain a comprehensive understanding of the company's incentive plans, including metrics, targets, and payout structures
• Collaborate with Sales Operations to ensure accurate and timely data collection, validation, and integration into the compensation system
• Perform regular audits and analysis of incentive compensation data to identify and resolve any discrepancies or inaccuracies
• Provide support and guidance to sales representatives and managers regarding incentive compensation plans, calculations, and payouts
• Generate reports and provide analysis on incentive compensation performance, including tracking individual and team performance against targets
• Stay up to date with industry best practices and trends related to incentive compensation administration, recommending improvements to current processes and systems
• Work closely with the IT department to enhance and optimize the compensation system, ensuring its accuracy, functionality, and usability
• Maintain accurate and confidential records of incentive compensation plans, payments, and related documentation

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