Incentive Design & Strategy Analyst - Commercial

Commerce Bank•Kansas City, MO

42d•$62,000 - $94,500•Hybrid

About The Position

Commercial 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. About This Job The main purpose of this job is to calculate accurate, timely Incentive payments to plan participants.

Requirements

Excellent analytical and deductive reasoning skills
Strong presentation, communication, and project management skills
Accuracy and Time management and prioritization (setting deadlines, communicating status/delays, and adapting to unexpected hurdles)
Clear focus on continuous improvement and innovation
Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills
Ability 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 Values
Intermediate level proficiency with Microsoft Word, Excel, Teams and Outlook
Bachelor's degree or equivalent combination of education and experience required
2+ years experience managing incentive compensation plans preferred

Nice To Haves

Knowledge/experience working in commercial banking preferred
Highly skilled in Excel, Access, and/or SQL preferred
Experience managing or working with relational databases preferred
Experience working with Varicent software (formerly IBM compensation engine) preferred

Responsibilities

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