Sales Commissions Manager, Reddit
Strategic Finance
$140.8-197.1k
+ Equity
Online platform for thoughts, experiences and discussions
Open for applications
Online platform for thoughts, experiences and discussions
1001+ employees
Open for applications
$140.8-197.1k
+ Equity
1001+ employees
Company mission
Reddit's mission is to bring community and belonging to everyone.
Role
Who you are
- The successful candidate will possess strong analytical skills, attention to detail, and the ability to collaborate effectively with sales, finance, accounting, and human resources teams
- If you are someone who is passionate about growing with a rising business, values efficiency and creative problem-solving using financial/quantitative metrics, and thrives in a fast-paced, open and fast-growing environment, then this is a great role for you
- 5+ years of experience in sales commission processing, compensation administration or related field
- Proven track record of managing and optimizing compensation plans and processes
- Strong understanding of Salesforce and G Suite, with the ability to leverage these tools to streamline processes and workflows
- Familiarity with basic Revenue Accounting principles
- Excellent analytical and problem-solving skills, with the ability to translate data into actionable insights
- Detail-oriented with a focus on accuracy and quality in all aspects of work
- Able to work independently and as part of a team
What the job involves
- Reddit’s Strategic Finance team is seeking a Sales Commissions Manager who will report directly to the Manager of Sales Compensation and be responsible for managing, analyzing, and optimizing the sales commission processes
- This role involves developing and maintaining commissions plans, ensuring accurate and timely payout of commissions, and providing analytical support to drive sales performance
- 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
- Collaborate closely with sales, finance, and HR to ensure alignment on commissions plans and policies
- 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
Our take
Reddit is a website that facilitates thousands of message board communities, known as subreddits, with an aim to promote authentic human connection. There are more than 100,000 communities on Reddit, covering everything, from food, entertainment, sports, and books, to more niche topics that cater for very specific audiences.
The simple platform is used by more than 52 million people a day and attracts over 50 billion monthly views. While these are impressive numbers, they do pale in comparison with social media giants Facebook and Twitter, however, Reddit distinguishes itself by providing easy-to-find communities for a truly endless range of topics.
Reddit makes money through advertising as well as offering a premium ad-free membership plan. The company has enjoyed continuous user & revenue growth, acquisitions by Conde Nast in 2006 and Advance in 2011, and plans to launch an IPO bid in 2024.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 6 rounds)
Aug 2021
$410m
SERIES F
Feb 2021
$250m
SERIES E
Total funding: $1.2bn
Company benefits
- Paid volunteer time off
- 4+ months paid parental leave
- Personal and professional development stipend
- Work from home opportunities
- Health insurance
Company values
- Make something people love
- Evolve
- Work hard
- Default open
Company HQ
SoMa, San Francisco, CA
Articles
Leadership
Steve Huffman
(CEO)After co-founding Reddit in 2005, they stepped away from the company to co-found Hipmunk, where they were the CTO. They returned to Reddit in 2015, and have been the CEO since.
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