Incentive Compensation Operations Specialist
- Tech Data
- 3 - 6 years
- Pune
- 1 month ago
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Job Description
Job Description
Job Purpose:
- The Incentive Compensation Operations Analyst role is part of the regional Accounting Operations team and is responsible for the administration of various incentive plans in the Asia Pacific and Japan (APJ) region. This role requires a strong attitude with significant partnering with other teams across the organization, including Finance (FPA, Country Finance, Accounting), APJ HR (Compensation and Benefits, HR business partners) as well as business leaders (Country General Managers, Regional Business Leads). The incumbent will work cross-functionally with various departments to establish processes, procedures, and adequate controls, and drive improvements.
Responsibilities:
- Assist in coordinating and setting up new plans every quarter or year in the incentive management tool.
- Support (or lead) payout process, including calculations, manual compensation adjustments, approval process. This process will be executed in close coordination with Finance and other teams to obtain the actual performance results and the regional Compensation and Benefits team and senior leaders on approved payout adjustments.
- Perform monthly accounting activities such as calculate month-end and quarter-end accruals, post journal entries, perform and conduct various account analyses and reconciliations, research issues and provide ad hoc deliverables for internal and external audit.
- Respond to inquiries and requests from internal customers. This may include questions or disputes related to specific calculations and, tool or report navigation and training.
- Ensure that all compensation policies and procedures are adhered to.
- Liaise with incentive management tool provider to troubleshoot and resolve operational system issues (if any)
- Maintain operational reporting functionalities in the incentive management tool, developing and distributing standard and ad-hoc reports.
- Identify opportunities for process improvement and implement approved changes to streamline the compensation operation process, contributing to process and systems or tools enhancement projects.
- Improve current process of gathering financial results from country Finance teams, exploring opportunities for automation and process simplification.
- Support all testing requirements for system enhancements.
- Ad-hoc duties or projects as assigned
Knowledge, Skills and Experience:
- >3 to 5 Years of relevant work experience is required.
- Bachelor's Degree
- In Finance accounting Business Economics areas of study
- Other (Please specify in "Other" Section)
- Able to execute instructions and to request clarification when needed.
- Able to use common office equipment.
- Able to perform complex mathematical calculations.
- Able to recognize and attend to important details with accuracy and efficiency.
- Understand, communicate, and collaborate effectively with people across various identities.
- Able to communicate clearly and convey necessary information.
- Able to interact effectively with higher levels of management (managers & above)
- Possesses strong organizational and time management skills, driving tasks to completion.
- Able to effectively multi-task.
- Able to maintain confidentiality of sensitive information.
- Able to collaborate and build solid, effective working relationships with others.
- Able to constructively work under stress and pressure when faced with high workloads and deadlines.
- Able to quickly learn/adapt to new systems and technology.
- Professional, office environment.
- Occasional non-standard work hours or overtime as business requires.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Human ResourcesRole Category: Compensation & BenefitsRole: Compensation & Benefits - OtherEmployement Type: Full timeContact Details:
Company: Tech DataLocation(s): Pune+ View Contact
Keyskills: Incentive Calculation Sales Compensation
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₹ 5-9 Lacs P.A
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