What are the responsibilities and job description for the Compensation Analyst position at VieMed Healthcare?
Essential Duties and Responsibilities:
- Manage and help develop compensation programs, including base pay, incentives, bonuses, and stock options
- Ensure alignment of compensation package within the Company's goals
- Evaluate job positions to determine appropriate compensation levels
- Compare the organization's compensation practices against competitors
- Prepare and communicate various financial reports and key statistics monthly
- Make sure compensation practices comply with federal and state laws
- Work closely with internal departments to understand the impact of compensation decisions and aggregate data on an entity level
- Exercise confidentiality, discretion, and sound judgement in performance of duties
- Reconcile employee bonus compensation plans and payments to ensure accuracy
- Utilize excel-based reporting to build commission models and calculate commission payments
- Maintain schedule and process flow documents to account for all paid bonus/commission payments for all
- VieMed companies, through collaboration with multiple departments including Sales, Operations, Sleep/Respiratory, Clinical Operations, etc.
- Prepare monthly, quarterly and annual bonus/commission payments and review for accuracy by utilizing company bonus/commission schedules; submit to payroll for processing
- Coordinate with Accounting to ensure completeness of data used to calculate monthly, quarterly and annual bonus and commission payments
- Summarize and present monthly, quarterly and annual accrual results to the accounting department
- Maintain payroll system general ledger
- Coordinate annual financial and SOX controls audit with internal and external parties
- Prepare audit deliverables on a timely basis and participate in process walkthroughs with internal finance team and external auditors clearly communicating process risks and controls
- Other responsibilities and projects as assigned
- Bachelor's degree in business administration, Human Resources or a related field
- Ability to understand the laws and regulations affecting compensation
- Excellent analytical and problem-solving skills
- Excellent communication and presentation skills, both verbal and written to interact knowledgeably with internal and external parties
- Ability to partner effectively with all internal business lines
- This position will require the employee to handle Protected Health Information (PHI) for duties related to document and report preparation. Policies and procedures will be strictly adhered to make sure PHI is protected as required by the HIPAA Privacy Rule
- This position will work in an office environment.
