Now Hiring - Manager, Sales Incentive Compensation Administration in Alameda, CA

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 115,000 colleagues serve people in more than 160 countries.

About Abbott

Abbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to:

• Career development with an international company where you can grow the career you dream of.
• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
• An excellent retirement savings plan with high employer contribution
• Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
• A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
• A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

This position is an onsite opportunity in the Abbott Diabetes Care Division. We are helping people with Diabetes lead healthier, happier lives. As a global leader in diabetes care, Abbott is constantly working to deliver the highest quality products and unwavering support to our customers. Consistent and accurate glucose monitoring is the foundation of any diabetes management plan, so we’re committed to continuous improvement in the way patients and professionals measure, track and analyze glucose levels.

As Manager, Sales Incentive Compensation Administration, you will be responsible for administration of our incentive compensation management (ICM) system, distribution of incentive compensation plans and goals/quotas for multiple sales channels, ICM data hygiene, and reconciling payout calculations to ensure alignment with Finance and applicable cross-functional teams. You have a passion for sales compensation management, vendor management, project organization, data hygiene, process automation, and system administration with strong incentive compensation analysis experience at a high-growth organization. Excellent communication skills and the ability to manage multiple high-priority projects are a must. This position will report directly to the Senior Manager, Sales Administration and Incentives. This is an exciting opportunity for a candidate who is looking to join a dynamic Commercial Excellence team at an outstanding Global Leader in diabetes care.

What You'll Do

• Understand current incentive compensation plans for multiple sales and field-based teams and manage our inventory of compensation plan templates to streamline the distribution and signing process for all participants.
• Manage day-to-day activities for IC Plans including goal or quota creation, distribution, and communication.
• Maintain data accuracy within our Incentive Compensation Management (ICM) tool and ensure the timely delivery of all quarterly variable compensation payout amounts to Finance & Payroll for processing.
• Train Sales Leadership, Sales Management, and field personnel on ICM platform
• Coordinate with internal IS, external service vendors and providers to effectively implement new systems in support a changing competitive marketplace.
• Ensure compliance to all IC Plans and policies - including but not limited to SOX guidelines, OEC guidelines, and the Abbott Code of Business Conduct.
• Partner with appropriate cross-functional teams to ensure applicable data compliance related to sales incentive bonus compensation.
• Act as one of the point of contacts/liaisons for field reps and leadership related to incentive compensation such as inquiry resolution/exception management, reports standardized and ad-hoc.
• Maintain our variable compensation roster to understand changes related to new hires, transfers, promotions, and terminations, and proactively administer compensation plans appropriately.
• Perform routine audits of sales incentive bonus payouts to ensure accuracy.
• Ensure the integrity of all vendors provided data in support of commercial field operations.

Experience You'll Bring

Required

• Bachelor's degree in Finance, Mathematics, Data Analytics or similar field preferred.
• 5-7 years of direct work experience in sales incentive compensation and/or system administration, sales analytics function, preferably in the Med-Device/Pharma/Bio-Tech industry experience related to sales compensation.
• Strong understanding of sales compensation fundamentals such as goal-based incentive plan, quota targets, SPIFFs, accelerations, draw programs, etc.
• Experience with managing an ICM tool such as Performio, Zeidyn Field Performance, SalesIQ, Xactly, CaptivateIQ, or QuotaPath preferred.
• Experience with reporting and data analytics tools like Excel, SAS, QlikView, Tableau, Business objects required.
• Experience with data management, vendor and project management/organization.
• Experience with 3rd party medical sales data like IMS and Symphony Health.
• Demonstrated ability to collaborate with partners and lead peers.
• Demonstrated ability to structure and conduct analyses to generate insight and recommendations.
• Excellent problem-solving skills, detail oriented with focus on quality and accuracy.
• Strong verbal and written communication skills, experienced in interacting with Sales management team and field personnel.
• Proven track record of working effectively in a collaborative, fast-paced, multi-tasking environment.
• Ability to work under tight deadlines and prioritize multiple deliverables at one time.
• Knowledge of DocuSign or other similar CLM tool preferred.

Apply Now

• Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free cov erage applies in the next calendar year.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: [please apply online] Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

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Divisional Information

Medical Devices

General Medical Devices:

Our medical devices help more than 10,000 people have healthier hearts, improve quality of life for thousands of people living with chronic pain and movement disorders, and liberate more than 500,000 people with diabetes from routine fingersticks.

CRM

As a global leader in Cardiac Rhythm Technologies, we focus on innovative technologies that can improve the way doctors treat people with heart arrhythmias, or irregular heartbeats.

Diabetes

We’re focused on helping people with diabetes manage their health with life-changing products that provide accurate data to drive better-informed decisions. We’re revolutionizing the way people monitor their glucose levels with our new sensing technology.

Vascular

Abbott Vascular provides innovative, minimally invasive, and cost-effective products for treatment of vascular disease.

Neuromodulation

Our Neuromodulation business includes implantable devices compatible with mobile technology to help people who suffer from chronic pain and movement disorders. These non-opioid therapies allow us to provide interventional pain therapy to patients throughout the pain continuum.

Structural Heart

Structural Heart Business Mission: why we exist

Our business purpose is to restore health and improve quality of life through the design and provision of device and management solutions for the treatment of structural heart disease.

EP

In Abbott’s Electrophysiology (EP) business, we’re advancing the treatment of heart disease through breakthrough medical technologies in atrial fibrillation, allowing people to restore their health and get on with their lives.

HF

In Abbott’s Heart Failure (HF) business, we’re developing solutions to diagnose, monitor and manage heart failure, allowing people to restore their health and get on with their lives.

Diagnostics

We’re empowering smarter medical and economic decision making to help transform the way people manage their health at all stages of life. Every day, more than 10 million tests are run on Abbott’s diagnostics instruments, providing lab results for millions of people.

Abbott Molecular is a leader in molecular diagnostics and the analysis of DNA, RNA, and proteins at the molecular level.

Our Point of Care diagnostic portfolio spans key heath and therapeutic areas, including infections disease, cardiometabolic, informatics and toxicology.

Our diagnostic solutions are used in hospitals, laboratories and clinics around the globe. The crucial information derived from our tests, instruments and informatics systems are often the first step in patient care decision making for hundreds of health conditions from heart attacks to blood disorders to infectious diseases and cancers.

Our rapid diagnostics solutions are helping address some of the world’s greatest healthcare challenges.

Nutrition

Our nutrition business develops science-based nutrition products for people of all ages, from helping babies and children grow, to keeping adult bodies strong and active. Millions of people around the world count on our leading brands – including Similac®, PediaSure®, Pedialyte®, Ensure®, Glucerna® and ZonePerfect® – to help get the nutrients they need to live their healthiest life.

The base pay for this position is $104,300.00 – $208,500.00. In specific locations, the pay range may vary from the range posted.