Red Hat Logo

Red Hat

Sales Incentives Accruals and Financial Modeling

Posted 13 Days Ago
Be an Early Applicant
In-Office or Remote
Hiring Remotely in New York, NY, USA
167K-275K Annually
Senior level
In-Office or Remote
Hiring Remotely in New York, NY, USA
167K-275K Annually
Senior level
Manage financial planning and forecasting of sales incentive programs, ensuring accurate tracking of incentive spend and developing accrual methodologies. Collaborate with finance and sales teams to maintain budgetary discipline and provide insights on incentive effectiveness.
The summary above was generated by AI
Job Summary

Red Hat is looking for Senior Sales Incentives Analyst to join us in the USA. The Sales Incentives Accruals SME is responsible for managing the financial planning, accruals, and forecasting of sales incentive programs. This role ensures accurate tracking and forecasting of incentive spend, develops scalable accrual methodologies, and partners closely with Finance, Sales Operations, and Business Leadership to maintain financial discipline and transparency. The position plays a key role in aligning incentive compensation programs with company financial objectives while ensuring accurate budgeting, reporting, and financial analysis.
 
What you will do:

Sales Incentive Financial Management
  • Lead the end-to-end financial oversight of sales incentive programs, including accruals, forecasting, and variance analysis
  • Track and monitor sales incentives spending against budget and financial targets
  • Develop and maintain accurate accrual models to ensure appropriate financial recognition of incentive costs
  • Provide monthly and quarterly reporting on incentive spend, trends, and performance drivers
Budgeting and Forecasting
  • Lead forecasting processes for sales incentives expenses in partnership with Finance and Sales Operations
  • Build and maintain financial models to project incentive payouts based on sales performance scenarios
  • Analyze spend drivers and recommend adjustments to improve predictability and cost management
Methodology Development
  • Design and refine accrual methodologies for different sales compensation structures
  • Establish consistent processes, documentation, and controls for incentive accrual calculations
  • Continuously improve financial modeling approaches to enhance forecast accuracy and reporting efficiency
Cross-Functional Partnership
  • Partner closely with Finance teams during monthly close, budgeting cycles, and financial planning activities
  • Collaborate with Sales Operations and Compensation teams to align plan design with financial assumptions
  • Support leadership with insights into incentive effectiveness, cost of sales, and program optimization
Analysis and Insights
  • Conduct deep financial analysis on incentive program performance and payout trends
  • Identify opportunities to improve sales plan design from a financial sustainability perspective
  • Provide data-driven insights to leadership regarding incentive program ROI and cost management
What you will bring:
  • 10+ years of experience in sales incentives compensation, finance, FP&A, or related analytical roles
  • Experience managing incentive accruals, forecasting, or commission expense modeling
  • Strong understanding of sales compensation structures and incentive plan mechanics
  • Advanced financial modeling and analytical capabilities
  • Strong Excel or financial modeling tools expertise
  • Experience working with compensation management or financial planning systems is a plus
  • Strong analytical and problem-solving skills
  • Ability to translate complex financial concepts into clear business insights
  • Strong cross-functional collaboration with Finance, Sales Operations, and leadership teams
  • Attention to detail with a focus on accuracy and financial controls
Preferred Background
  • Experience in sales compensation planning or sales operations finance
  • Exposure to enterprise sales organizations and complex incentive structures

The salary range for this position is $166,930.00 - $275,470.00. Actual offer will be based on your qualifications.

Pay Transparency

Red Hat determines compensation based on several factors including but not limited to job location, experience, applicable skills and training, external market value, and internal pay equity. Annual salary is one component of Red Hat’s compensation package. This position may also be eligible for bonus, commission, and/or equity. For positions with Remote-US locations, the actual salary range for the position may differ based on location but will be commensurate with job duties and relevant work experience. 

About Red Hat

Red Hat is the world’s leading provider of enterprise open source software solutions, using a community-powered approach to deliver high-performing Linux, cloud, container, and Kubernetes technologies. Spread across 40+ countries, our associates work flexibly across work environments, from in-office, to office-flex, to fully remote, depending on the requirements of their role. Red Hatters are encouraged to bring their best ideas, no matter their title or tenure. We're a leader in open source because of our open and inclusive environment. We hire creative, passionate people ready to contribute their ideas, help solve complex problems, and make an impact.

Benefits
●    Comprehensive medical, dental, and vision coverage
●    Flexible Spending Account - healthcare and dependent care
●    Health Savings Account - high deductible medical plan
●    Retirement 401(k) with employer match
●    Paid time off and holidays
●    Paid parental leave plans for all new parents
●    Leave benefits including disability, paid family medical leave, and paid military leave
●    Additional benefits including employee stock purchase plan, family planning reimbursement, tuition reimbursement, transportation expense account, employee assistance program, and more! 

Note: These benefits are only applicable to full time, permanent associates at Red Hat located in the United States. 

Inclusion at Red Hat
Red Hat’s culture is built on the open source principles of transparency, collaboration, and inclusion, where the best ideas can come from anywhere and anyone. When this is realized, it empowers people from different backgrounds, perspectives, and experiences to come together to share ideas, challenge the status quo, and drive innovation. Our aspiration is that everyone experiences this culture with equal opportunity and access, and that all voices are not only heard but also celebrated. We hope you will join our celebration, and we welcome and encourage applicants from all the beautiful dimensions that compose our global village.

Equal Opportunity Policy (EEO)
Red Hat is proud to be an equal opportunity workplace and an affirmative action employer. We review applications for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, ancestry, citizenship, age, veteran status, genetic information, physical or mental disability, medical condition, marital status, or any other basis prohibited by law.


Red Hat does not seek or accept unsolicited resumes or CVs from recruitment agencies. We are not responsible for, and will not pay, any fees, commissions, or any other payment related to unsolicited resumes or CVs except as required in a written contract between Red Hat and the recruitment agency or party requesting payment of a fee.
Red Hat supports individuals with disabilities and provides reasonable accommodations to job applicants. If you need assistance completing our online job application, email [email protected]. General inquiries, such as those regarding the status of a job application, will not receive a reply. 

Top Skills

Excel
Financial Modeling Tools

Red Hat New York, New York, USA Office

140 Broadway, New York, NY, United States, 10005

Similar Jobs

42 Minutes Ago
Easy Apply
Remote or Hybrid
United States
Easy Apply
102K-154K Annually
Senior level
102K-154K Annually
Senior level
Artificial Intelligence • Cloud • Computer Vision • Hardware • Internet of Things • Software
The Senior Program Manager will drive AI program delivery, work with cross-functional teams, manage projects, and support AI initiatives in sales.
Top Skills: Ai-Related TechnologiesDatabricksGongNetSuitePythonSalesforce
An Hour Ago
Remote or Hybrid
United States
119K-140K Annually
Senior level
119K-140K Annually
Senior level
Cloud • Fintech • Information Technology • Machine Learning • Software • App development • Generative AI
The SAP Account Executive at BlackLine is responsible for managing the sales process from prospecting to closing, targeting C-level executives in large corporations to sell SaaS solutions. This role requires building relationships, generating revenue, and achieving sales targets.
Top Skills: Saas SoftwareSalesforce
4 Hours Ago
Easy Apply
Remote
US
Easy Apply
90K-194K Annually
Mid level
90K-194K Annually
Mid level
Cloud • Security • Software • Cybersecurity • Automation
As a Solutions Architect, you'll advise customers on adopting GitLab's DevSecOps platform, guide digital transformations, lead technical evaluations, and collaborate with sales teams to enhance customer relationships and drive revenue growth.
Top Skills: Ci/CdCloud ComputingDevsecopsGitlab

What you need to know about the NYC Tech Scene

As the undisputed financial capital of the world, New York City is an epicenter of startup funding activity. The city has a thriving fintech scene and is a major player in verticals ranging from AI to biotech, cybersecurity and digital media. It also has universities like NYU, Columbia and Cornell Tech attracting students and researchers from across the globe, providing the ecosystem with a constant influx of world-class talent. And its East Coast location and three international airports make it a perfect spot for European companies establishing a foothold in the United States.

Key Facts About NYC Tech

  • Number of Tech Workers: 549,200; 6% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Capgemini, Bloomberg, IBM, Spotify
  • Key Industries: Artificial intelligence, Fintech
  • Funding Landscape: $25.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Greycroft, Thrive Capital, Union Square Ventures, FirstMark Capital, Tiger Global Management, Tribeca Venture Partners, Insight Partners, Two Sigma Ventures
  • Research Centers and Universities: Columbia University, New York University, Fordham University, CUNY, AI Now Institute, Flatiron Institute, C.N. Yang Institute for Theoretical Physics, NASA Space Radiation Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account