Sales & Incentive Compensation Analyst
Commerce Bank is hiring a Sales & Incentive Compensation Analyst to develop and manage commission, bonus, and incentive programs for commercial banking. This is a high visibility role, frequently working with Executive Management to provide status updates and prioritize projects and Incentive Plan development.
The main purpose of this job is to calculate accurate, timely Incentive payments to plan participants.
Essential Functions
- Calculate accurate, timely Incentive payments to Plan Participants
- Manage multiple Incentive Plans and processes, working independently or with guidance on complex matters
- Conduct analysis and modeling to drive enhancements to existing Plan designs and develop new Plans, when needed
- Provide data and recommendations to support decisions regarding plan status, performance, and plan management
- Maintain data integrity from multiple sources (billing systems, P&L, manager entered data, etc.)
- Ensure a high level of customer service, including timely and effective communication, education of multiple stakeholder groups, and support of inquiries
- Design standard and ad hoc reporting and presentations for multiple audiences
- Perform other duties as assigned
Knowledge, Skills & Abilities Required
Excellent analytical and deductive reasoning skillsStrong presentation, communication, and project management skillsAccuracy and time management and prioritization (setting deadlines, communicating status / delays, and adapting to unexpected hurdles)Clear focus on continuous improvement and innovationMotivated and organized self-starter with strong attention to detail and the ability to manage multiple prioritiesInquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skillsAbility to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core ValuesIntermediate level proficiency with Microsoft Word, Excel, Teams and OutlookEducation & Experience
Bachelor's degree or equivalent combination of education and experience required2+ years experience managing incentive compensation plans preferredKnowledge / experience working in commercial banking preferredHighly skilled in Excel, Access, and / or SQL preferredExperience managing or working with relational databases preferredExperience working with Varicent software (formerly IBM compensation engine) preferredHybrid Schedule : In office 3 days per week
Level of role is determined by knowledge, experience, skills, abilities, and education
Compensation Range : Annual Salary : $62,000.00 - $94,500.00 (Amount based on relevant experience, skills, and competencies.)
The candidate selected for this position may be eligible for the following employment benefits : employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits.
Location : 1000 Walnut St, Kansas City, Missouri 64106
Time Type : Full time