Payroll & Compensation Analyst

Payroll & Compensation Analyst

We are seeking a detail-oriented and analytical Payroll & Compensation Analyst to manage the calculation and administration of incentive compensation plans for a complex, multi-divisional organization. This role ensures accurate and timely compensation payments and supports strategic alignment between compensation structures and business objectives. This person also works closely with the payroll team and finance to ensure payroll is processed and recorded correctly.

Key Responsibilities of the Payroll and Compensation Analyst :

Compensation :

• Accurately track, manage, calculate, and process monthly, quarterly, and annual variable incentive compensation
• Assisting with bonus allocation processes through analyzing performance data
• Assist in the development of variable compensation and incentive plans that drive business results and team engagement.
• Creating clear, compelling communication and training materials for leaders, and employees.
• Directly support finance and business leaders with compensation analytics, investments, and opportunities.
• Collaborate with Global compensation teams to ensure best practices, strategy alignment, etc. Work with business unit CFO on projects as needed.
• Accurately process commissions based on established plans and policies. Ensure data integrity and accuracy.
• Reconcile commission payments, audit data sources, and resolve discrepancies.
• Work closely with sales, finance, and other teams to resolve commission-related issues and answer inquiries.
• Maintain accurate and up-to-date commission records and documentation.
• Keep abreast of industry trends and best practices related to sales compensation and commission management.
• Identify areas for process improvement and contribute to the development of more efficient systems and procedures.

Provide analytical support for ad hoc projects and reporting needs, including financial accruals, compensation trends, and quarterly projections.

Collaborate with the Finance reporting team on variable compensation accruals, updates to the variable incentive plans.

Payroll :

Qualifications :