Compensation Lead
1 month ago
About the Role
The Compensation Lead - Strategic Partner will work 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 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 in-house platforms.
Key Responsibilities
- 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.
- Lead a team of analysts in the completion of Variable Compensation and Partnership functions.
- Supervise team members in the completion of work, develop schedules and plans to ensure that required work is completed on time and within payroll submission timelines.
- Ensure standards and processes are maintained for both commission configurations and calculations as well as partnership configuration and calculations.
- Review quality of analysts' work, review payroll submissions prior to submitting to the Sales Compensation Manager and Director for approval.
- Develop reports and tools to ensure commissions are configured properly and monitor 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.
- Maintain documentation and training material for processes.
- Maintain documentation standards for Compensation and Partnership plans including exceptions and special approvals.
- Ensure that all variable compensation commission and incentive payments and partnership payments are supported by signed and approved contract and/or letters.
- Support team through change.
- Ensure 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.
- Manage 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.
About Corpay
Corpay is a global technology organization 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.
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