Sr. Analyst - Royalties & Commissions

Job Description:

At Enovis™ we pay attention to the details. We embrace collaboration with our partners and patients and take pride in the pursuit of scientific excellence — with the goal of transforming medical technology as we know it.

Because that’s how we change the lives of patients for the better. And that’s how we create better together. Why work at Enovis? See for yourself.

As a key member of the Royalties & Commissions Team you will play an integral part in helping Enovis drive the medical technology industry forward through transforming patient care and creating better patient outcomes.

Job Title:
Sr. Analyst Royalties & Commissions

Reports To:
Sr. Manager Royalties & Commissions

Location:
United States - Remote

Business Unit Description:
Accounting

Job Title/High-Level Position Summary:

We are seeking a Senior Analyst Royalties & Commissions to join our team. This high-visibility position provides direct interaction with senior executives and collaboration with Sales Leadership, Finance, HR, and Legal. The ideal candidate has a strong analytical mindset, along with a focus on business process excellence while owning a portfolio of Surgical Commissions and Incentive Compensation contracts and compensation plans within our Reconstruction divisions between Enovis, Sales Agents, and Sales Employees. You will be a key liaison for all Surgical Commissions and Compensation related matters, reviewing and administering the financial and reporting obligations of our contracts, compensation plans, and other related documents, executing complete and accurate payments timely. The candidate should have the ability to analyze complex contractual arrangements and have the confidence to work across teams, understand and communicate these complex financial concepts to management, provide business insights and drive change. You will participate in the month end close process, support audit, and ad hoc requests from both internal and external sources. Successful candidates are initiative-takers, tech savvy, can adapt to change and shift priorities quickly while maintaining organization and accuracy.

Key Responsibilities:

Financial Reporting and Payments

• Responsible for the monthly accrual and payment process for business unit(s) assigned.
• Ensure accuracy of source data, troubleshoot and resolve calculation and/or data errors.
• Read and understand contracts and compensation plans to ensure compliance with contractual requirements and policies.
• Accurate and timely payments and statements.
• Partner with Finance to assist with budgeting and forecast reporting, with a focus on commissions and Incentive Compensation operations.
• Own and maintain master data records in company’s incentive compensation system.

Business partnership

• Provide prompt, accurate and thorough feedback to stakeholders.
• Respond to compensation-related inquiries in an effective and timely manner.
• Partner with cross-functional teams to ensure that the team has the appropriate processes and procedures in place for timely payment and reporting required under executed commissions contracts and incentive compensation.
• Assist with financial budgeting and forecast reporting, with a focus on commissions operations.
• Consult effectively with internal IT resources to successfully execute related tickets and projects.
• Participate in commissions contract and/or compensation plan review and analysis from a financial and business operations perspective as well as day to day contract management.
• Collaborate with Audit team to ensure processes comply with Sarbanes-Oxley requirements.
• Execute controls for owned processes and provide support on audit queries, controls testing, and other ad hoc projects as needed.

Data Insight and Analysis

• Audit data to ensure contract terms are properly executing in our systems, payments, and reporting.
• Leverage ERP and Power tools to review and validate sales data.
• Research and resolve any disputes and process any payout adjustment requests as needed.
• Design calculation models for commissions and incentive compensation plans.
• Provide ad-hoc reporting and data as well as analytical support for management.

Continuous Improvement

• Proactively help to develop and drive best practices across our commissions process to achieve efficiency and scalability.
• Assist in process design improvements focused on enhancing quality while reducing resource requirements.
• Create and maintain pr