Lyra Health is hiring a
Variable Compensation Manager

Summary

Join Lyra Health as a Variable Compensation Manager to support the company's GTM compensation programs. As an individual contributor, you will play a key role in administering Lyra’s variable compensation program, working closely with cross-functional partners to ensure scalable and accurate GTM compensation systems and processes.

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

Responsibilities

• Oversee and ensure that the data feeding variable incentive models and plans are accurate
• Collaborate with tech and analytics teams to configure and optimize the tech stack related to compensation
• 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
• 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

Benefits

• Comprehensive healthcare coverage (including medical, dental, vision, FSA/HSA, life and disability insurances)
• Lyra’s benefits package includes gender-affirming surgery
• Lyra for Lyrians; coaching and therapy services for you and your eligible dependents
• Equity in the company through discretionary restricted stock units
• Competitive time off with pay policies including vacation, sick days, and company holidays
• Paid Parental Bonding Leave for birthing and non-birthing parents
• 401k and retirement benefits
• Employee Well-being Program with additional perks: Fertility and Family Building, and Maternity program, Employer discount marketplace, Pet insurance, Financial planning tools, UberEats stipend, Legal services, Monthly technology stipend