Senior Sales Compensation Analyst

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GE HealthCare

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Healthcare • Medical Technology • Pharmaceuticals

GE HealthCare is a leader in precision care, dedicated to providing innovative technologies and integrated solutions that enhance healthcare services. As a stand-alone company, it focuses on imaging, ultrasound, and healthcare IT, empowering clinicians and improving patient outcomes through advanced medical technologies and personalized care solutions. With a significant investment in research and development, GE HealthCare aims to transform healthcare by making hospitals more efficient and therapies more precise.

10,000+ employees

Founded 1892

💊 Pharmaceuticals

📋 Description

• Develop and maintain a comprehensive understanding of the company's incentive plans, including metrics, targets, and payout structures • Take plan design requirements and craft clear, concise plan documents for delivery to all plan participants • Support plan programming requirements handoff, UAT and ongoing management of high quality execution across the commissions system • Administer and manage the company's incentive compensation programs, ensuring all calculations and payments are accurate and delivered in a timely manner, ensuring adherence to company policies and procedures • Collaborate with Sales Operations to ensure accurate and timely data collection, validation, and integration into the compensation system • Reconcile commission statements and resolve discrepancies • Create and execute manual commissions processes where needed to support programs • Analyze sales performance data to identify trends, opportunities, and areas for improvement • Collaborate with key data partners to ensure the integrity of data to operationalize compensation programs • Assist in the implementation of new commission plans and incentive programs • Provide support and guidance to sales representatives and managers regarding incentive compensation plans, calculations, and payouts • Ensure compliance with all relevant audit requirements and internal controls • 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 key stakeholders 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.

🎯 Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field, MBA a plus • 6 years of experience in sales commission administration, financial analysis, or a related field • Strong analytical and modeling skills - proficiency in Microsoft Excel (advanced functions, pivot tables, VLOOKUPs) is required, SQL a plus • Experience with commission management software platforms (e.g., Varicent, Xactly, Anaplan) • Excellent attention to detail and accuracy • Ability to work independently and as part of a team in a fast-paced environment • Strong communication and interpersonal skills • Knowledge of sales processes and compensation structures • Deep understanding of sales compensation principles, best practices, and industry trends • Strong ability to build relationships, influence stakeholders, and communicate effectively with various levels of the organization • Ability to identify and resolve complex issues related to sales compensation administration • Excellent verbal and written communication skills, with the ability to present complex information clearly and concisely.

🏖️ Benefits

• medical • dental • vision • paid time off • a 401(k) plan with employee and company contribution opportunities • life • disability • accident insurance • tuition reimbursement