Thermo Fisher Scientific

Senior Manager, Sales Incentives Compensation - US Remote

North Carolina, United States

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Scientific Instruments, HealthcareIndustries

Senior Manager, Sales Compensation

Position Overview

The Senior Manager, Sales Compensation will be a key member of the Sales Operations team, providing sales operations leadership for PSG. This role will focus on developing, implementing, and managing strategies and processes for successful commercialization, with a strong emphasis on sales force incentive design, management, and sales rewards and recognition programs. The individual will support the execution of initiatives and projects to drive the commercial sales organization towards success within defined strategies and objectives. This position requires strong discernment, analytical skills, and the ability to influence in a cross-functional environment. The role also supports the governance and administration of quarterly and annual sales incentive compensation, including target setting, territory alignments, exception processes, and plan modeling.

Key Responsibilities

  • Annual Planning: Lead the annual planning cycle. Conduct annual discussions with executive leadership, sales management, and human resources to understand the overall sales strategy and ensure sales incentive plan (SIP) designs align with and deliver on that strategy.
  • Plan Understanding: Maintain an in-depth understanding of all sales incentive plans across the sales organization and effectively communicate the rationale, strategy, and calculations.
  • Administration: Lead the rollout of SIP plans and respective elements, overall SIP plan administration, and timely payouts.
  • Analytics: Analyze sales metrics and performance data to identify trends and insights.
  • Continuous Improvement: Drive continuous improvement by identifying and implementing process improvement opportunities. Continually evaluate Sales Compensation business processes for scalability, streamlining, automation, efficiency gains, data accuracy, and business process controls.
  • Technology Solutions: Identify, develop, deploy, and improve technology solutions that manage the compensation process, including territory/account level and service level sales targets.
  • Communication & Support: Communicate and support the sales team's understanding of sales compensation opportunities and tools. Assist sales leaders in understanding the impact of compensation and forecasting decisions on individuals.
  • Process Review: Continuously review and evaluate existing processes, procedures, and reports to ensure accuracy.
  • Overall Support: Provide support for incentive compensation within the scope of the PSG field sales team, including administration, reporting, compensation data quality, and maintenance. Ensure all documentation and processes align with applicable policies and governance.

Minimum Requirements/Qualifications

  • Bachelor’s degree or equivalent work experience.
  • A minimum of 7+ years of management experience in Sales, Sales Operations, or Sales Compensation Management roles.
  • 3+ years of experience in Sales Compensation is preferred.
  • Prior experience with the Xactly Sales Incentive platform is preferred.
  • Global experience or the ability to work across various regions is strongly preferred.
  • Must possess strong interpersonal skills with the ability to interact effectively across organizational levels and functions.
  • Experience working with dynamic sales teams.
  • Ability to work in a cross-functional environment and deliver changes.
  • Excellent written and verbal communication skills, including the ability to work with executive leadership, sales management, teams, peers, other teams, and partners.
  • Ability to communicate effectively across all levels of an organization.
  • Strong orientation toward data management, data governance, and process improvement.
  • Ability to disseminate information effectively and supply regular updates to key partners.
  • Demonstrated knowledge of compensation planning and administration.
  • Must be exceptionally diligent with strong analytical skills.
  • Able to work independently, multi-task, and maintain focus on goals.

Employment Type

  • Full-time

Work Schedule

  • Standard (Mon-Fri)

Environmental Conditions

  • Office

Company Information

Our Mission is to enable our...

Skills

Sales Incentives
Compensation Planning
Sales Operations
Commercialization Strategy
Sales Force Incentive Design
Sales Rewards
Recognition Programs
Process Improvement
Data Analysis
Cross-functional Collaboration
Governance
Administration
Target Setting
Territory Alignment
Exception Processes
Plan Modeling

Thermo Fisher Scientific

Provides life sciences products and services

About Thermo Fisher Scientific

Thermo Fisher Scientific offers a variety of products and services that support scientific research and healthcare, including laboratory equipment, reagents, and software solutions. Their products are used in applications like protein biology, real-time PCR, and sequencing, serving clients such as academic institutions and pharmaceutical companies. Unlike competitors, Thermo Fisher emphasizes customer support and education, helping clients optimize their experiments. The company's goal is to be a leading provider of life sciences solutions that contribute to a healthier and safer world.

Waltham, MassachusettsHeadquarters
1956Year Founded
$17MTotal Funding
IPOCompany Stage
Biotechnology, HealthcareIndustries
10,001+Employees

Risks

Increased competition in single-use bioprocessing may impact market share.
Sale of anatomical pathology business could create a temporary product gap.
Investment in miDiagnostics may face regulatory challenges affecting returns.

Differentiation

Thermo Fisher offers a comprehensive range of life sciences products and services.
Their well-known brands include Thermo Scientific, Applied Biosystems, and Invitrogen.
They provide strong customer support and educational resources to optimize client workflows.

Upsides

Expansion of biologics production facility enhances capacity for precision biologics monitoring.
Investment in miDiagnostics aligns with demand for rapid diagnostic solutions in BioPharma.
Collaboration with Mainz Biomed positions them in the growing cancer detection market.

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