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Full-Time

Variable Compensation Manager

Confirmed live in the last 24 hours

Lyra Health

Lyra Health

1,001-5,000 employees

Digital mental health care services for employees

Social Impact
Healthcare

Compensation Overview

$106k - $163kAnnually

Senior, Expert

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Sales
Communications
Tableau
Salesforce
Data Analysis
Requirements
  • 8+ years of experience in variable compensation and sales/revenue operations.
  • Bachelor's Degree in Business Administration, Finance, HR, or a related field.
  • Proven experience in designing, implementing, and managing sales or variable compensation programs, preferably within a high-growth go-to-market team.
  • Analytical skills with the ability to interpret complex sales data, determine trends, and draw valid conclusions.
  • Knowledge of relevant compliance and legal requirements about sales compensation.
  • Proficiency with software tools related to variable compensation (CaptivateIQ, Salesforce, Tableau and Excel)
  • Strong project management skills with the ability to manage multiple projects simultaneously and meet deadlines.
  • Excellent communication and interpersonal skills to work effectively with a diverse group of stakeholders, including senior leadership.
  • Ability to problem-solve and make informed decisions, especially in high-pressure situations.
  • An understanding of the broader go-to-market strategy and how compensation drives sales behavior.
Responsibilities
  • Oversee and ensure that the data feeding variable incentive models and plans are accurate. This involves working with sales, customer success, and pricing operations teams to help audit and ensure customer, price, and date information accuracy.
  • Collaborate with tech and analytics teams to configure and optimize the tech stack related to compensation. Develop tools and calculators that translate business metrics into compensation outcomes, ensuring processes are efficient, accurate, auditable, and timely.
  • Oversee the Administration of monthly, quarterly, and semi-annual sales incentive plans with key stakeholders to ensure accurate and timely performance calculations, guarantees, spiff bonuses, and sales compensation payouts.
  • Oversee the recurring audit of commission statements before the release of payments, ensuring data integrity and accuracy of plan calculation. Ensure compensation processes are designed to meet audit requirements and that any calculations are fully replicable/traceable.
  • Manage and integrate exceptions into variable plans and ensure these exceptions are accurately reflected and managed within the overall compensation framework.
  • Track and monitor for potentially systemic errors and individual errors within the compensation processes. Implement checks and balances to promptly identify and address any discrepancies or issues, ensuring the integrity of the compensation data.
  • Ensure that compensation processes are institutionalized and not dependent on any single individual. Establish systems, documentation, and cross-training to ensure that the absence of any team member does not compromise the functionality or integrity of the compensation system.
  • Manage communications with payees related to statements, ensuring clarity and timely responses to any inquiries or discrepancies.

Lyra Health provides mental health care services through a digital platform aimed at businesses that want to support their employees' mental well-being. The company offers a personalized concierge experience, connecting employees with a large network of over 20,000 vetted mental health providers across more than 200 countries. This extensive network allows Lyra Health to address over 60 different mental health needs. Employees can access a variety of care options, including self-guided programs, coaching, therapy, and medication management, through in-person visits, video calls, or text messaging. A unique feature of Lyra Health is its 24/7 concierge care navigator team, which assists employees in navigating their mental health journey. Unlike many competitors, Lyra Health focuses on providing tailored, high-quality care that is flexible and accessible, aiming to reduce healthcare costs for businesses by investing in employee mental health.

Company Stage

Series G

Total Funding

$890.1M

Headquarters

Burlingame, California

Founded

2015

Growth & Insights
Headcount

6 month growth

2%

1 year growth

8%

2 year growth

41%
Simplify Jobs

Simplify's Take

What believers are saying

  • Lyra Health's partnerships with major organizations like AT&T and the Children's Hospital Association enhance its credibility and market reach.
  • The introduction of Lyra Care for Teens expands its service offerings, addressing a critical and growing need in mental health care.
  • The company's evidence-based approach and comprehensive care options can lead to significant healthcare savings for businesses, making it an attractive option for employers.

What critics are saying

  • The competitive landscape in digital mental health is intense, requiring continuous innovation to maintain a leading position.
  • The reliance on businesses to provide access to services could limit market expansion if economic conditions lead to reduced corporate spending on employee benefits.

What makes Lyra Health unique

  • Lyra Health's concierge member experience and extensive global provider network set it apart from other digital health platforms.
  • The company's focus on evidence-based mental health care and specialized teen support distinguishes it from competitors.
  • Lyra Health's ability to demonstrate sustained healthcare cost reductions through comprehensive studies provides a unique value proposition.

Benefits

Lyra for Lyrians - Full access to Lyra’s mental health services for employees and their eligible dependents—at no charge

Health benefits - Comprehensive medical, dental, and vision benefits, along with a free monthly membership to One Medical

Financial rewards - Generous compensation, 401k, and equity options

Paid time off - Guilt-free time to unwind and recharge, including four weeks of vacation and paid holidays

Tech stipend - Monthly stipend to spend on technology needs

Snacks & meals - Monthly Uber Eats and NatureBox credits to nourish body and mind