Sales Compensation Manager

Posted 21 Days Ago
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Folsom, CA
Senior level
Financial Services
The Role
The Sales Compensation Manager will manage variable compensation plans, collaborating with multiple departments to streamline reporting and improve processes. Key responsibilities include administering incentive payments, analyzing large datasets, enhancing compensation processes, and supporting forecasting to evaluate plan effectiveness.
Summary Generated by Built In

Allworth Financial (www.allworthfinancial.com) is an independent investment financial advisory firm that specializes in retirement planning, investment advising, and 401(k) management with a direct approach to financial planning. Allworth Financial delivers long- and short-term investment planning solutions and advice to help clients achieve their goals and plan strategically for retirement.

Allworth Financial is a high growth, private equity backed, multi branch Registered Investment Advisor. Founded in Sacramento, California, in 1993 Allworth is primarily a fee-based, employee-centric fiduciary advisory firm, that prides itself on emphasizing client well-being and education. The business is a multi-billion dollar firm and is on track for continued growth through both acquisitions and strong organic growth. Allworth is considered a great place to work and was once again given the prestigious “Circle of Excellence” award by the National Business Research Institute for employee and client satisfaction in 2021, placing it among the best-loved brands in America. Allworth Financial was also recognized as a Barron's Top 40 RIA in 2022.

SUMMARY:

The Sales Compensation Manager will support the design, implementation, and ongoing administration of variable compensation plans across business units.  Reporting to the Finance Manager, Key Initiatives, this role requires strong analytical skills, attention to detail, and the ability to collaborate with cross-functional teams.  This role will work closely with our Finance, Financial Services, Human Resources, and Legal leadership teams.  The Manager will play a key role in building and refining reporting and calculation tools, evaluating the effectiveness of compensation plans, and recommending enhancements to the process.


This is a full-time, hybrid position. Applicants must be able to work in the Folsom, CA office. 


This is an Exempt role with the salary range of $105,000-$125,000 per year. In addition, we also provide generous benefits to all our full-time employees. 

RESPONSIBILITIES:

  • Execute the calculation and administration of variable compensation plans, ensuring accurate and timely processing of recurring and ad hoc incentive payments.
  • Analyze and manage large data sets related to billing and variable compensation, including quarterly and monthly billing files, assignment transfer tracking, special initiative reporting, and compensation schedules.
  • Identify opportunities to improve variable compensation processes, enhance data collection, increase automation, and implement efficiencies, all while prioritizing accuracy.
  • Liaise with Finance, Human Resources, Financial Services, Legal and other business leaders to effectively communicate compensation requirements and ensure alignment across teams.
  • Support the modeling and forecasting of variable compensation to evaluate plan effectiveness and understand / model the impact of potential changes.
  • Analyze variable compensation performance metrics relative to business performance and goals, providing related insights and improvement recommendations.
  • Perform ad-hoc analyses and support business requests as needed.

QUALIFICATIONS:

  • Minimum of six years of experience working in finance, data analytics, or a related practice. Experience in compensation analysis or financial analysis is a plus.
  • Strong analytics skills with advanced proficiency in Excel, paired with keen attention to detail and the ability to assess compensation holistically.
  • Strong written and verbal communication skills and organizational skills, with the ability to articulate findings and recommendations.
  • Proven experience in prioritizing tasks / projects and working in a deadline-driven environment.
  • Bachelor’s degree in Business, Finance, Accounting, or related fields.
  • Compensation Management Software and/or CRM experience is a plus.


The above statements are intended to describe the general nature and level of work being performed by people assigned to this job.  Typical reporting relationships are described, but actual relationships may vary in some instances.  This job description is not intended to be an exhaustive list of all responsibilities, duties, skills, or knowledge required of personnel classified in this job.



BENEFITS

We value our associates’ time and effort. Our commitment to your success is enhanced by our competitive base pay and an extensive benefits package, including:

  • Medical: Blue Shield (HMO, PPOs and HDHP with HSA) plans and Kaiser (HMO) plans for California associates
  • Dental insurance with MetLife
  • Vision insurance with VSP
  • Optional supplemental benefits
  • Healthcare savings accounts with company contribution
  • Flexible spending accounts
  • Flexible working arrangements
  • Generous 401K contributions 
  • Exempt associates qualify for our flexible paid time off policy.
  • Non-Exempt associates will receive 25.5 days of paid time off annually, which includes holidays, during the first three years of employment. 
  • Option to participate in our Equity Purchase Program
  • Future growth opportunities within the company

In addition, we work to maintain the best possible environment for our associates, where people can learn and grow with the firm. We strive to provide a collaborative, creative environment where each person feels encouraged to contribute to our processes, decisions, planning and culture.

Benefits are available to full-time associates who work more than 30 hours a week.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. Typical reporting relationships are described, but actual relationships may vary in some instances. This job description is not intended to be an exhaustive list of all responsibilities, duties, skills, or knowledge required of personnel classified in this job.

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Top Skills

Excel
The Company
HQ: Folsom, California
196 Employees
On-site Workplace
Year Founded: 1993

What We Do

Allworth Financial is an independent investment financial advisory firm that specializes in retirement planning, investment advising, and 401(k) management with a direct approach to financial planning. Allworth delivers long- and short-term investment planning solutions and advice to help clients achieve their goals and plan strategically for retirement.

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