Incentive Compensation Business Analyst

Description

This role will be responsible for implementing and maintaining programs, policies and procedures that support the performance reporting of employee objectives to goals and outcomes defined in the incentive compensation and or bonus programs. Responsibilities include compensation program analysis, creation, maintenance and administration, bonus and incentive processes and programs. In addition, the position is responsible for data analysis and report validation to plan specs. Functions as an internal consultant to analyze, identify and resolve various compensation-related issues/questions.

JOB RESPONSIBILITIES

• Accountable for the coordination of IC tasks that support IC administration services from implementation to project shut down that include requirements gathering; documenting configuration specs; establishing/maintaining timelines; results processing, report generation, QC and Payroll submission.
• Manage, approve, and maintain the configuration based on program specs of the Incentive Compensation tool to support admin process from territory sales data to performance payout reports for up to 1,000 Pharma and Biotech field representatives across multiple therapeutic areas.
• Administration Lead that provides analytics and insights within all areas of IC that includes Plan Design, Implementation, Effectiveness and support for Business Reviews.
• Prepare and maintain IC Admin documentation (data request, transition, etc.).
• Review and approve Eligibility rules, IC calculations and report distribution in the IC tool that align with the respective plan documentation and established timelines.
• Experience in generating models, analysis, scorecards, and payroll submission files.
• Performs quality control of data inputs and tool outputs utilizing SQL, Excel, and visualization tools.
• Work independently to process information and data to create reports on activities, trends, and projections regarding incentive plan performance, efficiencies, and improvements.
• Meet with IC Management and team members to establish, monitor and review performance.
• Prepare detailed workflow charts and diagrams that describe input, output, and logical operation.
• Other projects as deemed necessary by Management.

QUALIFICATION REQUIREMENTS

• Must be advanced in the use of Power BI, Microsoft Excel, including the ability to create complex formulas, pivot tables and power pivot reports.
• Proficiency with standard Microsoft Office applications (Access, Word, Power Point, Outlook)
• Ability to set and maintain multiple priorities in a fast-paced and deadline-oriented environment with shifting priorities while providing deliverables in a timely fashion.
• Must be well-organized with excellent time management skills, attention to detail and accuracy.
• Ability to develop/create professionally formatted summary materials (e.g., spreadsheets, tables, charts).
• Strong verbal and written communication skills.
• Ability to identify and understand broad-scope issues while simultaneously attending to details.
• Must be a team player with excellent follow-up and customer service skills.
• Must be self-motivated and results oriented; take ownership of projects and produces results.
• Pro-active, goal-oriented and able move quickly to resolution.
• Proven strong analytical, critical thinking and problem-solving skills, and ability to synthesize information and data from a variety of sources.
• Ability to apply sound judgment to solve problems, make defensible recommendations.
• Understand how certain compensation issues may impact other company departments.

EDUCATION/EXPERIENCE REQUIREMENTS

Minimum Education: Bachelor's degree in human resources, computer science, finance/accounting, or a business-related field. Master's Degree in a related field desirable.

Minimum Experience: Three (3) years of progressively responsible professional-level work experience in the incentive compensation or business intelligence preferably in the Pharmaceutical arena. Strong data analysis/financial analysis skills; advanced Microsoft Office (i.e., Excel, Access, Word, and PowerPoint) skills. Previous IC reporting experience is preferred.

The annual base salary for this position ranges from $69,566 to $95,900. The base salary range represents the anticipated low and high of the Syneos Health range for this position. Actual salary will vary based on various factors such as the candidate's qualifications, skills, competencies, and proficiency for the role. In addition, some positions may include eligibility to earn commissions/bonus based on company and / or individual performance.

At Syneos Health, we are dedicated to building a diverse, inclusive and authentic workplace. If your past experience doesn't align perfectly, we encourage you to apply anyway. At times, we will consider transferable skills from previous roles. We also encourage you to join our Talent Network to stay connected to additional career opportunities.

Why Syneos Health? We partner with industry experts to solve and execute against today's toughest commercialization challenges facing the world's leading healthcare companies. The diversification and breadth of our new and existing partnerships create a multitude of career paths and employment opportunities on our Commercial Operations and Leadership teams. Join our game-changing, global company dedicated to creating better, smarter, faster ways to get biopharmaceutical therapies to patients. Experience the thrill of knowing that your everyday efforts are contributing to improving patients' lives around the world.

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Syneos Health companies are affirmative action/equal opportunity employers (Minorities/Females/Veterans/Disabled)

Syneos Health has a voluntary COVID-19 vaccination policy. We strongly encourage all employees to be fully vaccinated. Additionally, certain local governments or Syneos Health customers may have vaccine requirements that apply to some of our employees. These employees are required to submit proof of vaccination to Syneos Health and maintain compliance with these requirements.
At Syneos Health, we believe in providing an environment and culture in which Our People can thrive, develop and advance. We reward and recognize our people by providing valuable benefits and a quality-of-life balance. The benefits for this position will include a competitive compensation package, Health benefits to include Medical, Dental and Vision, Company match 401k, flexible paid time off (PTO) and sick time. Because certain states and municipalities have regulated paid sick time requirements, eligibility for paid sick time may vary depending on where you work. Syneos Health complies with all applicable federal, state, and municipal paid sick time requirements.