Incentive Designer
Incentive Designer
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Job Description
The position is described below. If you want to apply click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application youll be invited to create a profile which will let you see your application status and any communications. If you already have a profile with us you can log in to check status.
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
This position has direct responsibility for the design implementation and support of one or more incentive programs within the Consumer & Small Business Banking (CSBB) and report to the Director of Compensation Consumer in Total Rewards. Facilitate and execute strategies for less complex incentive compensation plans while identifying and designing business and process improvements based on analysis. This position will directly influence key financial performance metrics by providing incentive design thought leadership for Senior and Executive Leaders and ensuring that incentive compensation designs align to business objectives and Truist Purpose Mission and Values.ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.
Design CSBB incentive plans to align to the strategy and priorities while living Truists 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 offcycle 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.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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
Preferred Qualifications:
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Visual / Audio / Speaking
Able to access and interpret client information received from the computer and able to hear and speak with individuals in person and on the phone.
Manual Dexterity / Keyboarding
Able to work standard office equipment including PC keyboard and mouse copy/fax machines and printers
Availability
Able to work all hours scheduled including overtime as directed by manager/supervisor and required by business need.
Travel (Must select one)
Minimal and up to 10
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the offers medical dental vision life insurance disability accidental death and dismemberment taxpreferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by fulltime or parttime status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any nontemporary position for which you apply based on fulltime or parttime status position and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the LawPay Transparency Nondiscrimination Provision EVerify
Employment Type
Full-Time
