Want to see how your resume matches up to this job?
A free trial of our JobsAI will help! With over 2,000 biopharma executives loving it, we think you will too!
Try it now — JobsAI.
Role Summary
Manager, Incentive Compensation
Responsibilities
- Design, develop, and implement field incentive compensation (IC) plans that align with brand strategies and sales goals.
- Build financial models to simulate plan performance under various scenarios using real and projected data.
- Conduct historical analysis and “what-if” simulations to evaluate plan effectiveness, fairness, and alignment.
- Create and manage short-term incentive contests (SPIFs) and tactical bonus programs to support product launches or boost performance.
- Analyze data to define contest eligibility, metrics, goals, and payout curves.
- Develop rules documents and communication materials for field engagement.
- Track contest performance and manage end-to-end execution from concept through payout.
- Develop and run regular health checks to monitor plan effectiveness, payout distribution, and motivational integrity.
- Identify anomalies, outliers, or gaming behaviors and recommend corrective actions.
- Provide monthly/quarterly dashboards and insights to Sales Leadership on IC plan performance.
- Monitor alignment between incentive outcomes and commercial KPIs such as sales performance and call activity.
- Own the quarterly IC calculation process, including data validation, payout calculations, and quality control checks.
- Manage IC operations calendar, ensuring timely execution of all activities across plan cycles.
- Serve as the primary point of contact for field inquiries related to IC payouts, sales data used in IC calculations, eligibility, and policies.
- Prepare IC plan documents, FAQs, and communication decks to support field understanding and adoption.
- Respond to field escalations with data-backed justifications and empathetic communication.
- Maintain documentation of IC plan rules, calculations, exceptions, and approvals for audit readiness.
- Ensure all IC activities comply with internal controls, legal guidance, and industry regulations (e.g., OIG guidelines).
Qualifications
- Basic Qualifications:
- Doctorate degree
- OR Master’s degree and 3 years of Incentive Compensation or Sales Ops/Analytics experience
- OR Bachelor’s degree and 5 years of Incentive Compensation or Sales Ops/Analytics experience
- OR Associate’s degree and 10 years of Incentive Compensation or Sales Ops/Analytics experience
- OR High school diploma / GED and 12 years of Incentive Compensation or Sales Ops/Analytics experience
- Experience directly managing people and/or leadership experience leading teams, projects, programs, or directing the allocation of resources.
- Preferred Qualifications:
- Relevant Bio/Pharmaceutical industry and/or consulting experience.
- Execution-Focused Delivery: Own and execute day-to-day analytics tasks, reporting development, and field data operations with speed, accuracy, and minimal oversight.
- Analytical and Problem-Solving Abilities: Ability to interpret large datasets, translate business rules into data logic, and troubleshoot data effectively.
- Attention to Detail and Accountability: High accuracy in preparing payment files and reports; maintain confidentiality and data integrity.
- Critical Thinking: Diagnose business issues and adapt strategies to achieve objectives.
- Communication: Strong written and verbal communication; ability to present data clearly to stakeholders and management.
- Oral, written and presentation skills to explain complex concepts to diverse audiences, including senior management.
- Ability to identify areas for process and systems innovation and implement changes.
- Understanding of technology platforms and ability to partner with IS/IT and business leaders.
Education
- See Basic Qualifications above for degree requirements.