Financial Analyst - Compensation

Recruiter
HPOne
Location
Trumbull
Salary
Competitive
Posted
21 Sep 2020
Closes
01 Oct 2020
Sector
Insurance
Contract type
Permanent
Hours
Full time

The Financial Analyst – Compensation will manage commission payment related activities for its large and rapidly growing salesforce. You will work with the management team to design, model and implement new pay programs to ensure that incentive compensation is aligned with evolving company business objectives. As the Analyst, will also provide daily operational support for administering the various company commission plans to ensure timely and accurate payment as well as ensure the integrity of the data used for the commission and bonus processing and work to further streamline and improve the current processes within each calculation cycle. You will also serve as the subject matter expert for the Company's new Xactly implementation and will act as the primary point of contact for communications with the sales team regarding the system and the compensation earned by the agents.


Duties/Responsibilities:

  • Partner with the sales leadership team and executive management to design, implement and administer motivational and cost–effective incentive plans
  • Ensure that the financial ramifications of incentive plan changes are calculated and approved by Executive management before implementation
  • Calculate sales commissions and bonuses according to sales compensation plans and policies, ensuring commission and bonus calculations are done accurately and in a timely manner through partnerships with sales, and other departments
  • Process commission month–end closing, including preparing commission accruals, payables, journal entries, complex reconciliations and audit schedules
  • Act as the liaison with the sales force for commission related questions and discrepancies; Research and resolve commission related inquiries from sales teams including booking disputes, splits between sales teams and regions, quota credit clarifications, etc.
  • Utilize Xactly to research participants' setups, payment history, hierarchies, and other commission related information
  • Participate and support UAT activities for the Xactly Implementation
  • Serve as a subject matter expert in various Commission Accounting processes and the Xactly platform

???Required Skills/Abilities:

  • BS in Accounting, Finance, Business or related field
  • 2+ years of experience as a Commissions/Compensation Analyst or Accountant
  • Strong Excel and financial modeling skills
  • Strong organizational skills and meticulous attention to detail required
  • Ability to manage priorities and meet deadlines in a dynamic environment
  • Strong communication and interpersonal skills
  • Ability to research sales commission issues and communicate relevant conclusions, both verbally and in written format
  • Tact, diplomacy, and ability to maintain strict confidentiality are critical
  • Prior experience working with Xactly or similar incentive plan software a strong plus

Preferred Skills/Abilities:

  • Experience working with Xactly or other sales performance management system

Physical Requirements:

  • Prolonged periods of sitting at a desk and working on a computer, typically in an office or cubical environment (constant noise, fluorescent overhead lighting)


Equal Employment Opportunity (EEO) is a fundamental principle at HPOne, where employment is based upon personal capabilities and qualifications. HPOne does not discriminate because of actual or perceived sex, sexual orientation or preference, gender identity, gender, transgender, race, color, religion, national origin, creed, citizenship status, ancestry, age, marital status, pregnancy, childbirth or related medical conditions, medical conditions including genetic characteristics, mental or physical disability, military and veteran status, or any other protected characteristic as established by law. HPOne requires the necessary drug testing and background checks as part of our pre–employment practices

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