Sr. Variable Compensation Manager

at  Lyra Health

ABOUT LYRA HEALTH

Lyra is transforming mental health care through technology with a human touch to help people feel emotionally healthy at work and at home. We work with industry leaders, such as Morgan Stanley, Uber, Amgen, and other Fortune 500 companies, to improve access to effective, high-quality mental health care for their employees and their families. With our innovative digital care platform and global provider network, 10 million people can receive the best care and feel better, faster. Founded by David Ebersman, former CFO of Facebook and Genentech, Lyra has raised more than $900 million.

QUALIFICATIONS:

• 10+ 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 pertaining to 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.
  As a full-time Sr. Variable Compensation Manager you will be employed by Lyra Health, Inc. The anticipated annual base salary range for this full-time position is $119,000-183,000. The base range is determined by role and level, and placement within the range will depend on a number of job-related factors, including but not limited to your skills, qualifications, experience and location.
  At Lyra, base salary is only one aspect of an employee’s total compensation package, which additionally may include discretionary restricted stock unit awards, comprehensive medical and dental coverage, and retirement benefits. This role may also be eligible for discretionary bonuses.

Lyra’s generous benefits package includes:

• 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
• We spread joy throughout the year with perks and activities, surprise swag, regular community celebrations and more!

We are an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex (including pregnancy), national origin, age, disability, genetic information or any other category protected by law.
By applying for this position, your data will be processed as per Lyra Health Workforce Privacy Notice. Through this application, we will collect personal information from you including your name, email address, gender identity, employment information, and phone number for the purposes of recruiting and assessing suitability, aptitude, skills, qualifications, and interests for employment with Lyra. We may also collect information about your race, ethnicity, and sexual orientation, which is considered sensitive personal information under the California Privacy Rights Act (CPRA). Providing this information is optional and completely voluntary. If you are a California resident and would like to limit how we use this information, please use the Limit the Use of My Sensitive Personal Information form. This information will only be retained for as long as needed to fulfill the purposes for which it was collected, as described above. Please note that Lyra does not “sell” or “share” personal information as defined by the CPRA. For more information about how we use and retain your information, please see our Workforce Privacy Notice

ABOUT THE ROLE

Lyra Health is looking for a Senior Variable Compensation Manager who will play a key role in driving Lyra’s (GTM) compensation strategy and programs. You will work closely with partners in Finance, Accounting, GTM Operations, Analytics, HR, and other teams to develop and administer a world class GTM compensation program, spanning not just sales, but sales development, customer success, strategic alliances, and business development.

RESPONSIBILITIES:

• Strategic Development: Design, develop, and refine variable compensation plans in line with Lyra’s go-to-market strategy to drive sales performance and incentivize desired behaviors.
• Data Analysis: Regularly analyze sales performance data, market trends, and compensation metrics to evaluate the effectiveness of current compensation plans and recommend modifications as necessary.
• Administrative Oversight: Oversee the administration of variable compensation plans in alignment with plan designs and incentive structures
• Stakeholder Collaboration: Work closely with sales leadership, legal, HR, finance, and operations teams to ensure compensation plans are aligned with corporate objectives.
• Dispute Resolution: Address and resolve any compensation-related inquiries or disputes in a timely and professional manner.
• Training & Communication: Conduct regular training sessions and workshops for sales and relevant teams to communicate the nuances of the compensation plans, ensuring clarity and understanding across the organization.
• Budget Management: Manage the compensation budget, ensuring optimal allocation of funds and cost-efficiency in payouts.
• Audit & Compliance: Ensure that all compensation programs comply with company policies and legal requirements, making necessary modifications if any discrepancies or issues arise.