Vinay Jain, Sales Strategy and Compensation

Vinay Jain

Sales Strategy and Compensation

Hewlett Packard Enterprise

Location
United Arab Emirates - Sharjah
Education
Master's degree, Business Management
Experience
20 years, 6 months

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Work Experience

Total years of experience :20 years, 6 months

Sales Strategy and Compensation at Hewlett Packard Enterprise
  • United Arab Emirates - Dubai
  • My current job since September 2011

Implementation and management of annual E2E Sales Compensation process
- Payment Analyst for ME, managing the variable pay for ME sales team
- Managing strategic partnerships with Finance, Legal & HR to ensure complaint implementation of policies and protect company’s interest
- Working with executives and readiness teams on coverage, assignment and quota deployment for sales
- Leading the preparation and coordination of materials for Compensation Committee Meetings, including data, plan analysis & proposing alternatives and implications
- Assigned role as a Payment SME for MEMA
- Assigned role as a MEMA BAM for PPS & SW BU
- Support sales teams with communication and trainings on plan design, crediting systems, change implications and commission calculations
- Managing queries and claims on commission calculation, data flow, checks in systems
- Coordination will all business function ensuring accuracy of process, audit compliancy and overall operational excellence

Financial Analyst at Hewlett Packard
  • United Arab Emirates - Dubai
  • May 2008 to August 2011

- Successful implementation of business forecast model for the Corporate Enterprise and Public business, quarterly 40m USD business, including weekly top line and margin reviews
- Weekly deal analysis, margin analysis and margin recovery plans
- Generating the PSG business unit weekly revenue reporting, 700m annually, for management review, improved the efficiency of the reports for business use
- Developed financial reports for forecasting, trending, and results analysis to drive forecast accuracy
- Implemented and managed the OPEX budgeting and forecast process for the PSG business unit and aligning with forecast, monthly OPEX reporting.
- Assisting in the monthly financial close process, managing accruals, sales compensation, OPEX and Marketing spend
- Managing the channel programs and rebate incentives, working with the business units and partner managers, to manage the program and analyze the return on investment
- Analysis on the Low Margin Contribution deals. Working with the account managers on the recovery plans for the specific deals
- Analysis on the Low Margin Contribution deals. Working with the account managers on the recovery plans implementing margin guidelines, providing appropriate discounting based on the nature of the project
- Ensuring audit, AFM and SOX compliancy and driving overall operational excellence

Operational Analyst at Hewlett Packard
  • United Arab Emirates - Dubai
  • November 2006 to May 2008

- Managed the outsourcing process for channel partner compensation payments for Middle East, English speaking Africa and French speaking Africa
- Successful BPO implementation of the channel payment process for Middle East & Africa
- Reduced the Turn Around Time for payments to channel partners by 30 days.
- Managed Marketing Investment Funds, in coordination with the partner business manager, allocation of funds to the channel partners based on the performance and central guidelines
- Managed end to end process for Sales compensation to channel partners, planning, analysis and communications.
- Managing the funds on organizational tool (Siebel PRM), generating and presenting reports on channel spending
- Ensuring the process are SOX and AFM compliant

Finance Planning Consultant at Cognos [Almasa Holdings]
  • United Arab Emirates - Dubai
  • April 2005 to October 2006

 Developing Financial Planning/Budgeting/Forecasting Models. Using Cognos Planning tool to automate the planning process.
 Conducting Pre-Sales meetings and presentations
 Working on Proof of Concepts for prospective clients
 Conducting Business Discovery for clients, understanding the business model and charting the financial plans accordingly
 Coordination with the top management and the financial team and building the financial plans on Cognos
 Worked on various projects both individually and in teams - Reckitt Benckiser, Mashreq Bank, RAK Bank, Wataniya Telecom, Union National Bank, Hoshanco Holdings and Riyad Bank.
 Cognos Certified Planning Consultant

Administration and Purchase Coordinator at Elfit Arabia Telecom and Electrical
  • United Arab Emirates
  • December 2003 to April 2005

 Coordinated and managed multiple priorities and tasks
 Managing daily office and port documents.
 Managing purchase procedures - Approving Purchase requests, Finding material sources, sending enquiries and negotiating price and Issuing purchase orders.
 Building supplier relations
 Maintaining database and purchase/project budgets

Marketing Coordinator at 20-20 Management Consultants
  • United Arab Emirates
  • October 2003 to November 2003

Two month full time assignment with Knowledge Village for the Grand Inauguration.
 Worked at Knowledge Village management office coordinating the Marketing Activities.

Education

Master's degree, Business Management
  • at University of Wollongong
  • April 2005

Masters in Business Administration

Master's degree, MBA - International Business
  • at University of Wollongong
  • December 2003

Masters course, Masters in Business Administration(MBA) with specialization in International Business.

Diploma, Advertising and Public Relations
  • at Welingkars of Institute of Management Studies
  • October 2001

A post graduate diploma course in Advertising and Public relations from one of the leading management schools in India.

Diploma, Fundamentals of Software Programming
  • at Network Computer Institute
  • August 2001

A certification course in software application programming.

Bachelor's degree, Commerce
  • at H R College of Commerce and Economics
  • April 2000

Major Subjects - Accountancy, Taxation & Economics Optional Subjects - Management, Advertising and Computers.

High school or equivalent, Commerce
  • at Our Own English High School
  • May 1997

Major Subjects Accounts, Business , Economics and computers.

Specialties & Skills

Outlook
Economics
Administration
International Business
Microsoft Office; Excel, Word, Power point, Outlook
Lean Six Sigma - Green Belt
Qlikview

Languages

English
Expert
Hindi
Expert
Arabic
Beginner