Sales Compensation Administration Analyst
About The Position
The U.S. Sales Compensation team supports 11 Operating Units across Medtronic’s Cardiovascular and Neuroscience portfolios, as well as the Global Commercial Office. The team administers sales compensation programs, maintains commission systems, supports compliance activities, and partners with Sales Finance, Total Rewards, and Information Technology (IT) to ensure accurate and effective compensation operations. As a Sales Compensation Administration Analyst, you will support the administration, analysis, and continuous improvement of sales compensation programs and systems. You will partner with cross-functional stakeholders to ensure accurate commission processing, maintain system integrity, support audits and compliance activities, and help deliver enhancements that improve sales compensation operations. At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We’re working a minimum of 4 days a week onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary.
Requirements
- Bachelor’s degree and 2+ years of compensation, payroll, or finance experience OR Advanced degree.
- For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.
- Candidates below the Principal level require unrestricted U.S. work authorization at the time of hire and for the duration of employment.
Nice To Haves
- Experience supporting compensation, payroll, finance, or related business processes.
- Experience working with data, reporting, audits, or business process administration.
- Experience collaborating across functions to support operational or system-related initiatives.
- Experience with Varicent, Workday, or other compensation management systems.
- Advanced proficiency in Microsoft Excel and experience using Microsoft Word, PowerPoint, and Outlook.
- Experience with analytical tools and quantitative or qualitative data analysis techniques.
- Experience supporting customer-facing or high-interaction business environments requiring confidentiality and attention to detail.
- Knowledge of Medtronic products, business functions, sales policies, and compensation processes.
Responsibilities
- Administer commission and incentive compensation processing within the Varicent system.
- Support sales employee promotions, compensation changes, and sales incentive programs.
- Partner with Information Technology (IT) to maintain and enhance sales compensation systems and processes.
- Gather business requirements and support the implementation of system enhancements and reporting improvements.
- Develop and execute test plans, test scripts, and validation activities for commission calculations, system updates, and reports.
- Provide analytical support and reporting for business partners and stakeholders.
- Complete monthly and quarterly commission audits and Sarbanes-Oxley (SOX) control activities.
- Document and maintain compensation processes, procedures, and workflow standards while identifying opportunities for process improvement.
Benefits
- Health, Dental and vision insurance
- Health Savings Account
- Healthcare Flexible Spending Account
- Life insurance
- Long-term disability leave
- Dependent daycare spending account
- Tuition assistance/reimbursement
- Simple Steps (global well-being program)
- Incentive plans
- 401(k) plan plus employer contribution and match
- Short-term disability
- Paid time off
- Paid holidays
- Employee Stock Purchase Plan
- Employee Assistance Program
- Non-qualified Retirement Plan Supplement (subject to IRS earning minimums)
- Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)
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What This Job Offers
Job Type
Full-time
Career Level
Principal
