Incentive Plan Analyst

U.S. Bank • Minneapolis, MN

5d • Onsite

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description Responsible for administering various Line of Business incentive plans for the company. Consults with assigned business lines regarding modification of incentive plans and advanced incentive processing. Calculates incentive payments, performs reasonability audits on the results, and submits payments to payroll. Performs advanced data validation and research. Provides ongoing support to customers by answering complex questions related to incentive plans and source data. Develops training materials and conducts training sessions for business line employees when Learning Services resources are not available. Professionally communicates results, reports, and guidance/recommendations.

Requirements

• Bachelor's degree, or equivalent work experience
• Three to five years of related experience

Nice To Haves

• Thorough knowledge of incentive plans and processing
• Well-developed knowledge of assigned business line or functional area
• Well-developed organizational and analytical skills
• Ability to manage multiple tasks/projects and deadlines simultaneously
• Ability to analyze, identify and resolve incentive related data exceptions
• Advanced incentive software processing development and reporting skills which includes MS Excel, Power BI/Power Query, Access visual basic programming, testing and maintenance of databases and processes outside of ICM (Incentive Compensation Management) as well as advanced knowledge of ICM web client

Responsibilities

• Administering various Line of Business incentive plans for the company.
• Consults with assigned business lines regarding modification of incentive plans and advanced incentive processing.
• Calculates incentive payments, performs reasonability audits on the results, and submits payments to payroll.
• Performs advanced data validation and research.
• Provides ongoing support to customers by answering complex questions related to incentive plans and source data.
• Develops training materials and conducts training sessions for business line employees when Learning Services resources are not available.
• Professionally communicates results, reports, and guidance/recommendations.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees