Under little to no supervision, calculate and analyze corporate formula bonus program results and payouts. Administer the Corporate Formula Bonus Program for large-volume, non-sales force employees.
CORE JOB RESPONSIBILITIES
Oversee the administration of the Corporate Formula Bonus Program including new entries/exits and database maintenance.
Ensure all eligible employees are given their formula bonus potential in writing within 30 days of being hired or assigned. Contact the head of the division and/or manager to ascertain the appropriate formula bonus measurement. Calculate, audit and communicate quarterly Formula bonus calculations.
Ensure accuracy of all database content. Maintain database of eligible employees and their respective bonus program guidelines.
Audit and maintain the integrity of selected source documents. Reconcile data provided; escalate reconciliation issues with manager.
Create and distribute monthly performance reports with all supporting documents; includes fielding questions from management.
Identify and present opportunities for process improvement; automate formula bonus worksheets for assigned areas
BASIC QUALIFICATIONS
Education
Bachelor's degree in Business or Finance
Relevant Work Experience
At least 4 years of professional work experience in one or more of the following fields: compensation, internal audit, financial analysis and/or accounting
PREFERRED EXPERIENCE
Experience processing all relevant details, understanding and prioritizing their importance and drawing clear and concise conclusions.
Experience taking the steps to ensure the assignment/ project is accomplished within tight timeframes. Experience controlling and coordinating concurrent projects, competing priorities and critical deadlines.
Advanced level skill in Microsoft Excel (for example: using AVERAGE function, merging and centering cells, printing centered page and/or creating a pivot table).
Medline Industries, LP, and its subsidiaries, offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.
The anticipated salary range for this position is $61,438-105,040, This salary range is an estimate and the actual salary will vary based on applicant's location, education, experience, skills, and abilities. This role is bonus and/or incentive eligible. Medline will not pay less than the applicable minimum wage or salary threshold.
Our benefit package includes health insurance, life and disability, 401(k) contributions, paid time off, etc., for employees working 30 or more hours per week on average. For a more comprehensive list of our benefits please click here . For roles where employees work less than 30 hours per week, benefits include 401(k) contributions as well as access to the Employee Assistance Program, Employee Resource Groups and the Employee Service Corp.
