Senior Sales Compensation Analyst

Senior Sales Compensation Analyst

Working at Abbott

At Abbott you can do work that matters grow and learn care for yourself and your family be your true self and live a full life. Youll also have access to:

• Career development with an international company where you can grow the career you dream of.

• Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.

• An excellent retirement savings plan with a high employer contribution

• Tuition reimbursement the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelors degree.

• A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.

• A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity working mothers female executives and scientists.

The Opportunity

This position works out of our New Brighton location in the Structural Heart division. Our business purpose is to restore health and improve quality of life through the design and provision of device and management solutions for the treatment of structural heart disease.

We are seeking an experienced and data-driven Senior Sales Compensation Analyst to support the strategic design analysis and administration of our variable pay this role you will partner with Business Leaders HRSC and BHR to ensure our incentive plans are designed documented and executed accurately using ICM platform.

What Youll Work On

Strategic Design & Modeling

• Partner with Sales Leadership and Finance to design document and communicate strategic commission and bonus plans that drive desired behaviors
• Perform financial modeling and scenario calculations to assess the impact and effectiveness of total rewards and commission program changes
• Analyze market trends and make recommendations to ensure overall market competitiveness related to incentive compensation philosophy & strategy
• Proactively identify and raise awareness about concerns or risks and participate in resolving them

Commissions Administration & Calculation

• Process transactions via ICM platform to ensure timely and accurate monthly/quarterly payout calculations
• Gather appropriate approvals and documentation prior to submitting payouts to payroll
• Audit skills to ensure the Incentive Compensation Management (ICM) software is 100% accurate and dependable when calculating and processing the various commission plans and meet all payroll and month end close deadlines
• Verification of quota setting methodologies to ensure fair and accurate quota setting for the field sales organization with a focus on optimizing performance distribution
• Assist with requests on attainment and any ad hoc requests
• Prepare and present finalized compensation results supporting schedules and adjustment summaries to stakeholders for review and approval

Compliance & Cross-Functional Collaboration

• Collaborate with HR Legal and Payroll to ensure compensation plans and payouts meet U.S. federal state and local regulatory standards
• Ability to communicate complex compensation logic exceptions and payout outcomes clearly to Sales Finance and leadership stakeholders
• Monitor compliance with U.S. federal state and local regulations as well as SOX control requirements related to compensation and benefits. Conduct regular audits of programs and processes to ensure compliance and support internal and external audit requests.
• Maintain detailed plan documentation and rules to ensure auditability and governance
• Additional responsibilities may be assigned as needed to support team and organizational priorities

Required Qualifications

• Bachelors degree in Business Finance Economics or a related field
• 6 years of experience in sales compensation incentive design or sales finance
• Hands-on experience designing calculating or administering variable compensation platforms
• Advanced Excel capabilities to create complex spreadsheets build models and interpret data trends.
• Strong ability to approach complex problems with data and insights with the capacity to communicate complex commission rules to non-technical audiences
• Strong verbal and written communication skills
• Demonstrated ability to work accurately with high-volume data while maintaining strong attention to detail

Preferred Qualifications

• Medical device industry experience
• CCP and Masters degree
• Experience in change management and influencing senior stakeholders

Learn more about our health and wellness benefits which provide the security to help you and your family live full lives:

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer committed to employee diversity.

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