Accounting Manager, Payroll & Commissions

Why Orthofix?
    

Guided by our organizational values – Take Ownership | Innovate Boldly | Win Together – we collaborate closely with world-class surgeons and other partners to improve people’s quality of life. At Orthofix, we want team members who build relationships and share knowledge, challenge the status quo, and deliver results every day to help us achieve our vision to be the unrivaled partner in Med Tech.  

Our global team of over 1,600 employees brings to market highly innovative, cost-effective, and user-friendly medical technologies that heal musculoskeletal pathologies for patients and the healthcare professionals who treat them. Looking to change people’s lives? Look no further.

How you'll make a difference?
Summary statement on overall purpose and function of the position.

The Accounting Manager, Payroll and Commissions will be responsible for a variety of processes associated with accounting for employee compensation and commissions. The position will operate in a fast-paced, dynamic environment and will be responsible for the accurate recording of related journal entries in the general ledger, as well as the preparation and development of relevant reporting and other financial close tasks, as assigned. In addition, this role will also review compensation plans and ensure such plans are properly loaded into the commission system and manage distributor and employee inquiries related to commissions and other compensation.

Position Summary:
Accounting for payroll, commissions and other compensation related processes.

What will your duties and responsibilities be?
The following are the essential functions of this position. This position may be responsible for performing additional duties and tasks as needed and assigned.

• Record all payroll transactions and prepare all payroll-related reconciliations

• Oversees the reconciliation of bi-weekly payroll and payroll related benefits information between the bank/agency, payroll records, and the general ledger

• Prepare journal entries related to the commissions process and monthly account reconciliations for commission-related accounts

• Ensure accurate and timely accounting for all payroll and benefits information

• Assist with the design, management, and documentation of Payroll department processes, including maintenance and continuous improvement of payroll processes, standard operating procedures, and data maintenance programs.

• Serve as primary payroll contact for all audits including internal audits, external financial audits and bank audits

• Administer and/or configure Workday to map earnings and deduction codes to the correct general ledger accounts.

• Contributes to maintaining and updating the payroll system and participates in testing, training and documentation.

• Prepare analyses, reports and presentations using software including COGNOS, Xactly, Excel, Oracle and PowerPoint.  Interpret information and present management-level findings and recommendations, inclusive of fluctuation analysis of compensation costs and related benefits between periods

• The ability  to interpret sales representative agreements, and other equivalent contracts, in order to assist in the loading of load variable compensation terms and conditions into the commission system based on contractual terms (Xactly)

• Assist with the timely and accurate processing of commission calculations based on net sales attainment vs. applicable quotas for external distributors, internal sales reps, and sales management

• Assist with the maintenance of accurate data within the commissions system (Xactly) in order to support accurate and timely payment and reporting of commissions based upon current contracts

• Timely research and responses to payroll and commission-related inquires from employees and sales representatives

• Properly maintain compliance with applicable internal controls over financial reporting for this role’s areas of oversight and responsibility

• Coordinate with internal and external auditors in relation to SOX compliance assessment activities and financial statement audit procedures

• Exhibit a professional and collaborative approach with both internal and external business customers

• Other tasks and projects, as assigned.

What skills and experience will you need?
The requirements listed below are representative of the education,