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The Sales Commission and Compensation Specialist is a seasoned subject matter expert, responsible for working in collaboration with various functional teams to ensure the provision of sales commission programs and models that allow timely and accurate payment to all employees on a sales bonus plan according to the annual sales plan policy.
Job Responsibility:
Contributes to the development of sales commission programs and models for the sales organisation
Administer and recommend industry best practices regarding bonus programs, sales compensation plans, compensation systems and compensation procedures, policies and regulations
Performs administrative activities related to sales compensation reporting
Responsible for implementing enhancements to the sales bonus portal as aligned to business requirements
Studies labour markets to determine compensation trends and related benchmark data
Responsible for compensation data collection and preparation
Conduct audits and analyse compliance with statutory regulations and company policies
Provides input into and assists with the implementation and administration of compensation programs and policies
Prepares and files reports which they import and export from the sales compensation system and relevant databases
Requirements:
Seasoned analytical and reasoning abilities
Good interpersonal communication skills
Ability to manage ambiguity and complex data
Strong relationship building abilities
Self-motivated and detail-oriented, with demonstrated problem solving and decision-making skills
Displays a seasoned understanding of the business requirements
Seasoned knowledge of compensation, bonus and commission plans for sales industry
Ability to multi-task while managing deadlines, to perform well under pressure and to work independently and as a part of a team
Bachelor's degree or equivalent in business or finance or a related field
Seasoned relevant experience in similar role within a related environment
Seasoned experience in automated sales commissions systems and their set-up and operation is a plus