Commercial Compensation Analyst

Job title:

Commercial Compensation Analyst

Company:

Merit Medical Systems

Job description

Why Merit?At Merit Medical, our mission is to create innovative medical devices that improve lives. Our goal is to hire and develop people who want to build something special through hard work, team effort, and commitment. Together, we are making a difference in the lives of patients around the world.SUMMARY OF DUTIES The Compensation Analyst will partner closely with the Commercial leadership team to design, implement and manage variable compensation plans which incentivise and drive achievement of the commercial & strategic goals of the organisation.They will act as a centre point between the commercial employees, finance & HR.As the Compensation Analyst, you get to…

• Drive strategic growth initiatives and commercial behaviours through design, development and management of variable compensation plans across EMEA.
• Provide technical expertise and proactive guidance to monitor and maintain competitive positioning, and to advance and scale Merit’s compensation and programs to keep pace with the company’s growth.
• Work with commercial leaders to develop and manage variable commission agreements of third-party agents.
• Develop and manage automated solutions to support calculation and payment of volume and growth rebates with Merit’s distribution partners.
• Design efficient solutions for the calculation of Monthly and Quarterly bonus payments to the commercial teams using our in-house reporting tools.
• Work with external consultants and professional industry organizations to understand and benchmark market practices.
• Ensure employee incentives are easy to understand, calculate and automated wherever possible.
• Manage the planning and design of the annual variable compensation and salary review process.
• Work closely with HR and accounting to ensure consistency and accuracy in compensation payments.
• Develop and communicate processes that underpin all aspects of our compensation programs.

Desired Experience:
Minimum 2-3+ years of significant experience in calculation and management of compensation programmes

• Knowledge of compensation planning, incentive programs, and performance measurement.
• Strong analytical skills and can demonstrate proficiency with MS Excel.
• Experience in a financial accounting or business analyst role.
• Ability to work autonomously and collaboratively in a cross functional environment.
• Communicates complex compensation practices in simple to understand terms.
• Data-driven and analytical mindset.
• Demonstrated ability to maintain confidential information; strong ethics and integrity.
• Self-starter and results focused.
• Knowledge of the importance of variable compensation in driving behaviours.
• Experienced in applying HR-related legal and compliance knowledge to various business scenarios.
• Excellent planning, time management, communication, decision-making, presentation, organization, and interpersonal skills.

Desired Qualifications:

• Qualification in accounting, data analytics or Human resources

Location:

• Maastricht, or fully remote in EU, or hybrid

We are GlobalFounded in 1987, Merit Medical Systems, Inc. is a leading manufacturer and marketer of proprietary disposable medical devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and endoscopy. Merit serves client hospitals worldwide with an international sales force and clinical support team totalling in excess of 500 individuals. Merit employs approximately 6,300 people worldwide.Merit Medical EMEA currently has over 300 employees, spread over more than 20 countries in the EMEA region.Merit Maastricht (The Netherlands) is the European Headquarters and Distribution Center of Excellence. Much of Merit Medical’s world-class customer service happens here along with our excellent physician training courses. More than 100 employees work at this growing Merit campus and enjoy many benefits, such as flexible working hours and competitive salaries as well as learning opportunities and internships.CultureA supportive and collaborative environment make Merit Medical a friendly, enjoyable place to work. We are proud of our energetic and dynamic culture. Diversity & Inclusion is evident here with a 50/50 ratio of male and female employees and more than 30 nationalities. We value every employee as an individual.To see more on our culture, go to .

Expected salary

Location

Maastricht, Limburg

Job date

Sat, 29 Jun 2024 01:36:11 GMT

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