Full-Time

Sales Compensation Manager

Posted on 9/30/2024

ID.me

ID.me

1,001-5,000 employees

Digital identity verification for secure access

Government & Public Sector
Cybersecurity
Healthcare

Compensation Overview

$133k - $154.8kAnnually

Mid

Mountain View, CA, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Salesforce
Data Analysis
Requirements
  • Bachelor's degree in Finance, Accounting, or Economics
  • 5 years of experience in sales commission processing and compensation administration
  • Proficiency with Clari, Excel, G-Suite, Salesforce
  • Experience with a sales commission tool, preferably CaptivateIQ
  • Proficiency with basic revenue accounting principles
  • Excellent analytical and problem solving skills with the ability to translate data into insights
  • Detail orientation with a focus on accuracy and quality
  • Ability to work independently and as part of a team.
  • Motivation and willingness to work on time-sensitive initiatives
Responsibilities
  • Develop an in-depth knowledge of plans and relevant policies and application of those policies, monthly reporting and ad hoc analysis
  • Participate in commission strategy meetings and the annual commission plan creation process.
  • Oversee the end-to-end process of calculating and distributing sales commissions and ensuring accuracy and timeliness of variable payouts.
  • Collect and maintain accurate sales performance data to support commissions calculations and reporting.
  • Ensure timely and accurate commissions payouts, addressing any discrepancies or payout inquiries effectively.
  • Calculate and manage monthly and quarterly commissions accruals, ensuring accurate financial reporting.
  • Evaluate and drive continuous improvements on the commissions processes to enhance efficiency and accuracy.
  • Provide training and support to sales teams regarding the incentive compensation plans and related commissions processes.
  • Collaborate closely with GTM, Finance, and HR to ensure alignment on commissions plans and policies.
  • Triage commission inquiries from the GTM team to include inquiry resolution.
  • Provide compensation plan training when needed.
  • Manage the incentive compensation application including: personnel, and plan management, functionality and system enhancements, and report design.
  • Perform commissions and deal verifications using other internal tools such as Salesforce and Clari to ensure commission legitimacy and accuracy.

ID.me provides a platform for digital identity verification, allowing individuals to prove and share their identity online. Users can create a verified digital identity that can be used to access various services and discounts from partner companies. This process helps businesses ensure that only eligible individuals receive specific offers, which reduces fraud and enhances security. ID.me primarily serves military personnel, first responders, students, teachers, nurses, medical professionals, and government employees, making it particularly valuable in sectors like e-commerce, healthcare, government services, and education. Unlike its competitors, ID.me focuses on building trust between businesses and customers by offering a streamlined verification process that complies with regulatory requirements. The company's goal is to simplify identity verification while providing secure access to services and discounts for its users.

Company Stage

Series D

Total Funding

$279.5M

Headquarters

McLean, Virginia

Founded

2010

Growth & Insights
Headcount

6 month growth

5%

1 year growth

14%

2 year growth

13%
Simplify Jobs

Simplify's Take

What believers are saying

  • ID.me's valuation increased to $1.8 billion after a successful tender offer.
  • Christine Ellis Purcell's appointment as CMO may enhance ID.me's marketing strategies.
  • ID.me ranked #315 on the 2024 Deloitte Technology Fast 500™ list.

What critics are saying

  • Emerging startups may threaten ID.me's market share with innovative solutions.
  • Privacy concerns could undermine trust in ID.me's identity verification services.
  • Regulatory scrutiny may impose additional compliance costs on ID.me.

What makes ID.me unique

  • ID.me is the only provider offering video chat for identity verification.
  • ID.me serves diverse sectors, including government, retail, and healthcare.
  • ID.me's digital identity wallet simplifies online access for millions of users.

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