SIP Analyst

Benefits

• Day 1 Benefits Coverage with low cost Medical, Vision, Dental
• Day 1 Paid-time Off and Vacation
• 4.5% Company Match 401(k) plan
• Competitive Compensation and Bonuses
• Company-paid Life and Disability Insurance
• Employee Stock Purchase Plan
• Training and Advancement Opportunities

The Sales Incentive Plan (SIP) Analyst is responsible for accurate calculations, administration, and administrative compliance to the governance of sales incentive compensation programs. This role will also support periodic reviews of the effectiveness of the existing SIP Program in meeting business goals.

This role partners closely with Sales, Customer Service, Finance, HR, and IT to ensure incentive plans are executed in alignment with approved plan designs, financial controls, and system configurations within SAP.

The role requires strong analytical skills, attention to detail, forensic accounting capability, and the development of strong working relationships across diverse functions to support seamless execution. The SIP Analyst will streamline, document, and be able to articulate the end-to-end processes that support any and all deliverables of sales incentive compensation programs.

• Manage, maintain as system-of-record, and audit all SIP calculators to ensure the calculators are aligned with each SIP job plan design and calculating correctly
• Calculate and administer SIP payouts in accordance with approved plan documents, policies, and governance standards
• Manage monthly, quarterly, and annual incentive calculation cycles, ensuring accuracy, timeliness, and compliance
• Validate source data (sales bookings, revenue, margins, adjustments) and reconcile incentive results against financial and payroll outputs
• Partner with Payroll to ensure correct and timely payout processing
• Utilize systems (e.g., SAP ERP, SAP BI reporting or related modules) to support incentive calculations, reporting, and audit trails
• Responsible for annual SIP employee Acknowledgement Letter process, to include creation, tracking, and delivery of letters to all plan participants in a timely manner (prior to new FY)
• In addition to annual acknowledgement letters, provide correct Acknowledgement Letters for new SIP participants, SIP job changes, etc. that come up mid-year or otherwise fall outside the standard annual process
• Partner with Compensation, Field HR, and sales to ensure new hires and promotions are correctly incorporated into the SIP program
• Support annual sales incentive review processes
• Support system configuration, data uploads, testing, and validation related to incentive plans
• Troubleshoot data and calculation issues, identifying root causes and recommending corrective actions, working directly with sales team, customer service, and finance
• Perform detailed variance analysis and forensic reviews to investigate payout discrepancies, disputes, or anomalies
• Review anomalies in incentive calculations that may need to be reviewed under the "Windfall" provisions and present concerns
• Prepare audit-ready documentation supporting incentive calculations and controls related to SOX and other financial controls to ensure accuracy, consistency, and compliance
• Document end-to-end SIP processes, including inputs, calculations, controls, outputs, and dependencies
• Identify opportunities to streamline, automate, and standardize incentive administration processes
• Develop and maintain process maps, SOPs, and calculation logic documentation

• 2-5 years of combined experience in finance analysis, sales compensation, incentive administration, finance/billing, or customer service roles
• Hands- on experience working with SAP along with reporting tools
• Strong analytical and quantitative skills with high attention to detail
• Experience performing reconciliations, variance analysis, and forensic reviews
• Ability to document and clearly articulate complex processes and calculations
• Exposure to incentive plan design and modeling
• Forensic problem-solving and root-cause analysis
• Clear written and verbal communication of technical concepts
• Ability to manage competing deadlines in a cyclical environment
• High integrity and discretion with sensitive compensation data
• Adept at cross-functional collaboration, ensuring clear communication and coordinated planning

• Bachelor's degree in accounting, Finance, Business, Economics, or related field

CMC is committed to providing equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, age, physical or mental disability, national origin, citizenship, military or veteran status, sexual orientation, gender identity and/or expression, genetic information, or other status protected by federal, state or local law.