Manager, Incentive Compensation-Neuroscience & Strategic Customer Group-Titusville, NJ at Johnson & Johnson

Titusville, Pennsylvania, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Pharmaceuticals, NeuroscienceIndustries

Requirements

Minimum of a Bachelor’s degree is required
Minimum of five (5) years of experience (implied from context)

Responsibilities

Serve as the Subject Matter Specialist resource for Incentive Compensation for the business unit, interacting with all levels within the organization and ensuring compliance with various global laws, regulations, Human Resources and Health Care Compliance requirements
Collaborate and work with Incentive Compensation team members, Commercial Operations & Reporting team members, Commercial Optimization & Deployment team members, Data Management team members, the Information Technology (IT) department, as well as outside vendors, to process, validate and distribute SICP reports to the sales force on a regular, timely basis and coordinate payments with Human Resources, Finance, and Payroll departments
Provide weekly/monthly/quarterly accuracy of SICP reporting and payouts through a comprehensive set of QC checks
Partner closely with Associate Director Incentive Compensation, Commercial Operations & Reporting, Commercial Optimization & Deployment, Data Management, Commercial Insights & Strategy, Vendors and Information Technology personnel to identify processes, implement projects, and communicate plans and timelines across the organization
Conduct monthly IC processing validations to ensure accuracy of data, appropriate incentives, attainable goals, and to supervise performance against established plans
Be responsible for sales contest processing, sales data modeling, management of all field inquiries, recognition program administration and participating in department projects throughout the year as needed
Oversee the design, development, communication, and maintenance of all processes and policies for sales incentive programs (i.e., cash bonus, reward points, other recognition programs) to ensure effective utilization and regulatory compliance
Continuously look for ways to increase sales operations efficiency
Support co-promotions and multiple selling models
Work with Commercial Excellence, Sales & Marketing leadership on cyclical IC design changes and call plan changes
Distribute incentive compensation reports to the sales force
Support Incentive Compensation related investigations
Work closely with the @ Your Service platform (AYS Team)
Manage and maintain relationships with external compensation consultants

Skills

Key technologies and capabilities for this role

Incentive CompensationIC OperationsAnalyticsData MaintenanceSales OperationsComplianceBonus PaymentsSales Enablement

Questions & Answers

Common questions about this position

Is this position remote or based in a specific location?

This position is based in Titusville, NJ.

What are the main responsibilities of this role?

The role involves leading the execution of incentive compensation operations and analytics, including monthly and quarterly processing, validation, education, training, data maintenance, and bonus payments.

What salary or compensation does this position offer?

This information is not specified in the job description.

Who will this role collaborate with?

The role collaborates with Incentive Compensation team members, Commercial Operations & Reporting, Commercial Optimization & Deployment, Data Management, IT, vendors, Human Resources, Finance, and Payroll.

What skills or experience make a strong candidate for this role?

Strong candidates should have expertise as a Subject Matter Specialist in Incentive Compensation, experience ensuring compliance with laws and regulations, and skills in data validation, process improvement, and cross-functional collaboration.

Johnson & Johnson

Healthcare products in pharmaceuticals and devices.

About Johnson & Johnson

Johnson & Johnson operates in the healthcare sector with three main areas: pharmaceuticals, medical devices, and consumer health products. In the pharmaceuticals segment, the company develops prescription drugs for various medical conditions such as cancer and infectious diseases. The medical devices segment provides products used in surgeries and other medical procedures, while the consumer health segment offers over-the-counter products, including baby care and personal health items. Johnson & Johnson generates revenue through direct sales and partnerships, and it invests significantly in research and development to create new products that meet the needs of consumers and healthcare providers. The company stands out from competitors by emphasizing diversity, equity, and inclusion in its workplace, fostering an environment where employees can share their perspectives. Its goal is to improve patient outcomes and enhance the overall health and well-being of individuals globally.

New Brunswick, New JerseyHeadquarters

1886Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

J&J faces a class action lawsuit in Australia over ineffective cold and flu medications.

Former J&J executives joining other firms could lead to increased competition.

Ongoing legal battles, like the lawsuit against Cigna, pose financial liabilities for J&J.

Differentiation

J&J operates in three segments: pharmaceuticals, medical devices, and consumer health.

The company invests heavily in R&D for innovative medical solutions and products.

J&J is committed to diversity, equity, and inclusion in its workplace culture.

Upsides

J&J's collaboration with Helsinki University Hospital focuses on value-based healthcare models.

The rise of personalized medicine offers J&J opportunities in targeted therapies.

Increased focus on digital health solutions presents expansion opportunities for J&J.

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