Health Plan One

Finance Manager, Incentive Compensation

Health Plan One$108K — $130K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in business, finance, or a related field (advanced degree a plus)
  • 8+ years of experience in Financial Accounting
  • 5+ years of experience in Financial analysis
  • Strong analytical and modeling skills with proficiency in spreadsheets and reporting tools
  • Ability to interpret complex business scenarios and apply compensation policies consistently
  • Experience partnering cross-functionally with Sales, Finance, HR, and executive leadership
  • Strong written and verbal communication skills with high attention to detail and organizational skills.

Responsibilities

  • Ensure monthly and quarterly accruals are booked according to compensation plans.
  • Analyze compensation accruals against actuals to evaluate financial impact.
  • Perform quantitative analysis on historical performance to identify trends and optimize compensation operations.
  • Conduct rigorous audits and reconciliations of commission and bonus payrolls for accuracy.
  • Develop effective communication with sales leaders regarding plan design and roll out.
  • Partner with FP&A, HR, and operations to translate business priorities into compensation structures.
  • Document compensation plans and processes for clarity and consistency.

Benefits

  • Possibility of professional growth within the company
  • Opportunity to work with cross-functional teams
  • Engagement in strategic initiatives and organizational scaling
  • Access to advanced compensation management tools
  • Supportive leadership and collaborative work environment.
Full Job Description
The Finance Manager, Incentive Compensation leads the optimization of sales compensation process as well as the overall ownership and review of all commission and bonus calculations. This role is responsible for ensuring accuracy and timeliness of commission and bonus payouts to sales teams, managing compensation policy interpretation and exception handling. The position focuses on compensation performance analysis, accuracy and timeliness of commission and bonus payments, stakeholder alignment, and solving complex compensation scenarios. - Ensure monthly and quarterly accruals are properly booked according to compensation plans. - Analyze compensation accruals against actuals, evaluating the financial impact of monthly variable pay components. - Perform quantitative analysis on historical performance and payout data to identify trends, optimize compensation operations, and model future payout liabilities. - Conduct rigorous monthly audits and reconciliation of commission and bonus payrolls, ensuring high accuracy, zero compliance gaps, and robust internal financial controls. - Ensure accuracy and timeliness of commission and bonus payouts to sales teams prior to payment - Develop effective communication to sales leaders and agents on plan design and roll out - Partner with FP&A, HR,Operations and Reportingto translate business priorities into effective compensation structures. - Document compensation plans, policies, and governance processes to ensure clarity and consistency. - Ensure plan mechanics are supportable with available systems, data, and processes. - Provide recommendations to leadership based on data-driven insights.Develop a thorough understanding of compensation plan mechanics and payouts, with the ability to address queries from sales managers and sales agents concerning sales incentive plan - Create a reporting output that simplifies the accounting for compensation, bridging all components (commissions, chargebacks, escrows, etc) - Top down analytic report that simplifies the bottoms up detail (internal reporting, board reporting) - Review GL to bridge discovery discussions to financial reporting - Ensure all updates to compensationplans are accurately reflected in Workday compensation module for monthly and quarterly calculations - Ensure compensationdashboard in Workdayis user-friendly and accurately reflects commissions earned by the sales agent. - Serve as the primaryFinancepoint of contact in the resolution of complex compensation disputes, exceptions, and ambiguous scenarios in partnership with leadership in Sales, Legal, FP&A, and HR. - Collaborate closely withIncentive Compensation, Sales Operations, Finance, HR, Legal, and Business Systems teams. - Partner with RevOps,GTMfunctions, Finance Incentive Compensation, and Payroll teams to ensure compensation plans can be operationalized effectively. - Participate in strategic initiatives involving design, planning, GTM restructuring, and organizational scaling. Required Skills: - Bachelor’s degree in business, finance, or a related field (advanced degree a plus) - 8+ years of experiencein Financial Accounting - 5+ years of experience in Financial analysis - Strong analytical and modeling skills with proficiency in spreadsheets and reporting tools. - Ability to interpret complex business scenarios and apply compensation policies consistently. - Experience partnering cross-functionally with Sales, Finance, HR, and executive leadership. - Strong written and verbal communication skills.High attention to detail and strong organizational skills. Preferred Skills: - Master’s Degree in business, finance or a related field - Experience in SaaS, technology, or high-growth environments. - Familiarity with compensation management platforms such asWorkday, Xactly, Varicent, or similar tools.

About Health Plan One

Health Plan One is a leading online health insurance brokerage that provides individuals, families, and small businesses with affordable health insurance options. The company offers a wide range of health insurance plans from top-rated insurance carriers, including individual and family health insurance, short-term health insurance, Medicare supplement insurance, and small business health insurance. Health Plan One's online platform allows customers to compare health insurance plans, get quotes, and enroll in coverage quickly and easily. The company has been in business for over 15 years and has helped millions of Americans find the right health insurance coverage for their needs.
Learn more about Health Plan One
Size
200 employees
Industry

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