Compensation Lead

3 weeks ago

chennai, India Corpay Full time

Your role

ROLE FUNCTION AND PURPOSE
The Compensation Lead works closely with business leaders and the Manager, Variable Sales Compensation, and compensation analysts to administer sales variable compensation calculations, modeling ROI analysis, strategic partnership management, reporting deliverables including preparing management reports, presentations, and documenting business process.
This is an exciting and the critical role in the organization as this team manages the variable compensation for 400+ HC which involves various levels of corporate strategies with the power of real time compensation analytics, business intelligence tools and the inhouse platforms.

What you'll be doing

KEY DUTIES AND RESPONSIBILITIES

The primary responsibility of this position is to support the regional sales leaders, Chief Data and Analytics officer and the Manager and Director of Sales Compensation in the administration of global sales variable compensation and partnership calculations including commissions, sales bonuses, and incentives.

This role leads a team of analysts in the completion of Variable Compensation and Partnership functions. Key supervision Responsibilities include:

Supervise team of analysts in the completion of work Develops schedules and plans to ensure that required work is completed on time and within payroll submission timelines. Ensures standards and processes are maintained for both commission configurations and calculations as well as partnership configuration and calculations. Reviews quality of analysts work. Reviews payroll submissions prior to submitting to the Sales Compensation Manager and Director for approval. Develops reports and tools to ensure commissions are configured properly and Monitors daily work performance of the team and individuals to ensure service levels are maintained and team members are contributing sufficiently. Identify training and development opportunities for staff. Ensure that adequate cross training is in place to support staff absences without disruption in performance. Maintains documentation and training material for processes. Maintains documentation standards for Compensation and Partnership plans including exceptions and special approvals. Ensures that all variable compensation commission and incentive payments and partnership payments are supported by signed and approved contract and/or letters. Supports team through change. Ensures data output from processes is maintained in consumable data formats that support upstream consumption. Identify and recommend improvements to current processes, with a focus on increased efficiencies and enhanced value-added analytics. Manages periodic partnership evaluation processes and standards. Build models to evaluate proposed new commission incentives and structures and evaluate the success of existing plans and structures. Construct Summary reports that identify and analyze outcomes and trends on a monthly, quarterly, and annual basis. Meet with regional business teams to identify issues for resolution.

EXPERIENCE AND KEY SKILLS

Mandatory :

4 - 5 years’ experience in Compensation Analytics and Financial Planning Business Intelligence tools (Power BI) Budgeting and Forecasting Microsoft Office - PowerPoint, Excel, Word Project Management

Other requirements (nice to have) :

Microsoft SQL, Visio, SharePoint Basic Knowledge of CRM (Salesforce)

#LI-SS1

ABILITIES AND ATTRIBUTES

Demonstrated experience in supervising teams. Demonstrated experience in implementing change. Demonstrated Strong problem-solving skills. Exceptional people skills including well developed conflict resolution skills. Ability to work independently and to prioritize work with a focus on deadlines and deliverables. Proven record as a strong collaborator in a fast-paced, deadline driven, diverse environment. Strong attention to detail and accuracy. Ability to trouble shoot, investigate and resolve issues. Demonstrable excellent written and verbal communication skills with business and technical stakeholders as well as internal and external users. Proven ability to conduct and/or support multiple projects with minimal oversight. Strong interviewing and listening skills to elicit detailed requirements.

About Corpay

Corpay is a global technology organisation that is leading the future of commercial payments with a culture of innovation that drives us to constantly create new and better ways to pay. Our specialized payment solutions help businesses control, simplify, and secure payment for fuel, general payables, toll and lodging expenses. Millions of people in over 80 countries around the world use our solutions for their payments.

All offers of employment made by Corpay (and its subsidiary companies) are subject to the successful completion of satisfactory pre-employment vetting by an independent supplier (Experian). This is in accordance with Corpay's Resourcing Policy and include employment referencing, identity, adverse financial, criminal and sanctions list checks. We do this to meet our legal and regulatory requirements.

Corpay is dedicated to encouraging a supportive and inclusive culture among our employees. It is within our best interest to promote diversity and eliminate discrimination in the workplace. We seek to ensure that all employees and job applicants are given equal opportunities.

Notice to Agency and Search Firm Representatives:  Corpay will not accept unsolicited CV's from agencies and/or search firms for this job posting. Resumes submitted to any Corpay employee by a third party agency and/or search firm without a valid written & signed search agreement, will become the sole property of Corpay. No fee will be paid if a candidate is hired for this position as a result of an unsolicited agency or search firm referral. Thank you.

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