Business Analyst

Overview:
We are seeking a skilled Business Analyst with expertise in Varicent and substantial experience in compensation management. The ideal candidate will be responsible for analyzing business requirements, configuring and optimizing Varicent solutions, and providing insights and recommendations related to compensation strategies. This role requires strong analytical abilities, excellent communication skills, and a deep understanding of compensation processes and systems.

Responsibilities:

Business Requirement Analysis:
Collaborate with stakeholders to gather and analyze business requirements related to compensation management.
Identify opportunities for process improvements and system enhancements to optimize compensation strategies.
Varicent Configuration and Optimization:

Configure Varicent solutions to align with business requirements and compensation plans.
Optimize Varicent models, rules, and workflows to ensure accuracy and efficiency in compensation calculations.
Data Analysis and Modeling:

Utilize Varicent and other tools to perform data analysis and modeling related to compensation plans and performance metrics.
Identify trends, patterns, and outliers in compensation data to provide actionable insights to stakeholders.
Documentation and Reporting:

Document business requirements, system configurations, and user manuals for Varicent solutions.
Generate reports and dashboards to track and communicate compensation performance and trends.
Stakeholder Engagement:

Engage with cross-functional teams, including HR, Finance, Sales, and IT, to ensure alignment of compensation strategies with business objectives.
Communicate effectively with stakeholders to gather requirements, provide updates, and address issues or concerns.
Training and Support:

Provide training and support to end-users on Varicent functionality, processes, and best practices.
Serve as a subject matter expert and point of contact for Varicent-related inquiries and issues.

 

Qualifications:
Bachelor's degree in Business Administration, Finance, or a related field. Advanced degree preferred.
Minimum of X years of experience as a Business Analyst, with a focus on compensation management and Varicent administration.
Proficiency in configuring and optimizing Varicent solutions, including models, rules, and workflows.
Strong analytical skills with the ability to interpret complex data and provide actionable insights.
Experience with compensation planning, design, and implementation, preferably in a sales-driven environment.
Excellent communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels.
Detail-oriented with a focus on accuracy and quality in deliverables and analyses.
Proven ability to manage multiple priorities and deadlines in a fast-paced, dynamic environment.
Varicent certification or relevant training is a plus.