Manager, Compensation Design - Ottava

Johnson & Johnson•Cincinnati, OH

4d•Onsite

About The Position

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com Fueled by innovation at the intersection of biology and technology, we’re developing the next generation of smarter, less invasive, more personalized treatments. Are you passionate about improving and expanding the possibilities of surgery? Ready to join a team that’s reimagining how we heal? Our Surgery team will give you the chance to deliver surgical technologies and solutions to surgeons and healthcare professionals around the world. Your contributions will help effectively treat some of the world’s most prevalent conditions such as obesity, cardiovascular disease and cancer. Patients are waiting. Your unique talents will help patients on their journey to wellness. Learn more at https://www.jnj.com/medtech We are searching for the best talent for a Manager, Compensation Design for Surgery supporting the Ottava business. The position can be located in Cincinnati, OH, Santa Clara, CA, or Raritan, NJ and will work onsite at one of the three locations. Purpose: The Manager, Compensation Design-Ottava, is responsible for building and leading a team of Analysts to design compensation plans in support of business strategy (deliver accurate, timely incentive compensation plans across multiple roles/representative levels), translate financial targets to sales quotas, and lead detailed analyses on plan performance. The Manager, Compensation Design-Ottava is a key advisor to Ottava executives in sales, marketing, finance, and internal support functions on decisions related to compensation design, incentive budget utilization, and plan performance. The role reports to the Director of Compensation, US Surgery.

Requirements

A minimum of a bachelor’s degree is required.
A minimum of 2 years of compensation plan design experience is required.
A minimum of 6 years of relevant commercial operations/systems experience is required.
Experience with high dollar capital sales, software, and service compensation is required.
Experience interacting with or directly supporting a Field Sales organization is required.
Demonstrated leadership, strategic thinking, collaboration, effective communication and influencing skills are required.
Proven ability to work in parallel with multiple teams is required.
Advanced proficiency in Excel, PowerBI, and PowerPoint is preferred.
This role is based in Cincinnati, OH giving consideration to Santa Clara, CA, with up to 25% domestic travel required.

Nice To Haves

Medical Technologies or Pharmaceutical experience is preferred.
Experience with sales compensation programs and quota setting for team-based sales forces is preferred.
Budget management experience is preferred.

Responsibilities

Develop team of analysts for career growth and achievement of goals and objectives.
Collaborate with other compensation and execution stakeholders on team deliverables.
Lead analysts to design quarterly/semesterly compensation plans for capital and clinical teams aligned to business strategy and within JJMT policies.
Lead analysts to deliver quarterly/semesterly sales quotas aligned to financial business plans.
Develop compensation plan designs and quota-setting methods to maximize sales force engagement and financial target attainment in both capital sales and clinical support
Lead relationship with sales plan administration external partners/consultants and design tools to support field sales through online sales compensation portal
Maintain compliance with J&J Payroll policies, SOX controls and payroll procedures.
Lead analysts to execute other Ethicon business incentive/bonus initiatives as needed.
Lead cross-functional and cross-sector projects beyond Ottava as needed.
Understand market, regional and local dynamics to continuously improve alignment of compensation plans and quota-setting methods to enterprise objectives
Align compensation plans and payout mechanisms to JJMT compensation philosophy
Provide on-demand analytics to ensure compensation plans drive desired business performance results
Execute plan modeling to ensure plan payout matches performance and is within budget.
Manage compensation budget in collaboration with Finance, Payroll Administration, Sales Executives, and other key stakeholders
Monitor all elements of plan effectiveness and lead any needed changes
Collaborate with Systems Team leaders to ensure effective execution of Compensation and Quota processes
Other responsibilities may be assigned and not all responsibilities listed may be assigned.

Benefits

medical, dental, vision, life insurance, short- and long-term disability, business accident insurance, and group legal insurance
Company’s consolidated retirement plan (pension) and savings plan (401(k))
Company’s long-term incentive program
Vacation –120 hours per calendar year
Sick time - 40 hours per calendar year; for employees who reside in the State of Washington –56 hours per calendar year
Holiday pay, including Floating Holidays –13 days per calendar year
Work, Personal and Family Time - up to 40 hours per calendar year
Parental Leave – 480 hours within one year of the birth/adoption/foster care of a child
Condolence Leave – 30 days for an immediate family member: 5 days for an extended family member
Caregiver Leave – 10 days
Volunteer Leave – 4 days
Military Spouse Time-Off – 80 hours