Compensation Incentive Designer
| Company | Truist |
|---|---|
| Location | Charlotte, NC, USA, Atlanta, GA, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Mid Level |
Requirements
- Team player with 3 or more years of experience in banking or financial services
- Undergraduate degree in business combined with relevant professional experience
- Possess strong analytical abilities
- Possess strong oral and written communication skills
- Advanced proficiency in Microsoft Excel and PowerPoint
- Detail oriented with the ability to quickly assimilate and apply new concepts and technologies
- Demonstrated ability to work with numbers and large volumes of data with accuracy and speed
Responsibilities
- Design CSBB incentive plans to align to the strategy and priorities while living Truist’s purpose, mission and values.
- Serves as the subject matter expert and thought leader on the design and performance of assigned incentive programs.
- Conducts or oversees regular analysis of the plan to ensure efficacy of plan relative to plan performance, accruals, key drivers, market alignment, pay for performance, etc.
- Partner with internal partners and stakeholders to recommend improvements, understand changes and assess impacts (e.g. Total Rewards, Line of Business, Human Resources, Risk Management, Finance, Control Partners, etc.)
- Gather pertinent data and maintain databases/tables to create and maintain functional incentive plans.
- Assist in the successful implementation into Varicent and incentive planning tools.
- Build dynamic data models used to calibrate production goals for sales and operations teammates
- Prepare and submit the annual and off-cycle Business Incentive Plan (BIP) document and any required addendum.
- Leads risk assessments; awareness of control environment in the business and total rewards.
- Escalate risks in a timely fashion and adhering to appropriate balancing risk.
- Prepares communication and training material content for assigned incentive plan(s) and delivers or assists in the delivery to plan participants.
- Documents all incentive plan specifications and reviews with Incentive Compensation Administration (ICA) and Human Capital Systems (HCS) partners.
- Track key decisions, action items and other necessary criteria made in weekly/monthly incentive design meetings
- Prepare monthly reporting and executive summaries.
Preferred Qualifications
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No preferred qualifications provided.