Compensation Analyst
| Company | Wex |
|---|---|
| Location | Boston, MA, USA, Washington, DC, USA, Oakland, CA, USA, Dallas, TX, USA, Portland, ME, USA |
| Salary | $68000 – $90000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Junior, Mid Level |
Requirements
- Bachelor’s degree in Finance, Accounting, Economics, or a related field.
- 2-4 years of experience in sales compensation, finance or related roles.
- Strong analytical skills and proficiency in data analysis tools (e.g., Excel, SQL).
- Experience with sales compensation software a plus (e.g., Forma.ai).
- Excellent problem-solving and critical thinking skills.
- Strong attention to detail and accuracy.
- Excellent communication and presentation skills.
Responsibilities
- Analyze sales performance data to identify trends, insights, and areas for improvement in compensation plan effectiveness.
- Develop and maintain sales compensation reports, and metrics to provide visibility into plan performance and identify potential issues.
- Administer sales compensation plans, including the plan acknowledgement process, tracking performance, and ensuring compliance with established policies.
- Collaborate with sales leadership, finance, and HR to design and implement sales compensation plans that motivate sales teams and drive revenue growth.
- Analyze market data and benchmarks to ensure compensation plans are competitive and effective.
- Collect, analyze, and interpret large datasets to identify trends and patterns in sales performance and to assess the effectiveness of the sales incentive plans.
- Provide insights and recommendations for plan adjustments to drive desired sales behaviors.
- Model and forecast the financial impact of proposed plan changes.
- Track and report on key performance indicators related to sales compensation.
- Assist with sales incentives/contests and implementation/training on plan changes.
- Develop clear and concise presentations to communicate complex data and analysis to various stakeholders, including sales leadership and executive teams.
- Document sales compensation processes and procedures, ensuring clarity and consistency.
- Perform other related duties as assigned.
Preferred Qualifications
- Experience with sales compensation software a plus (e.g., Forma.ai)