Responsibilities:
- Support the development and administration of incentive compensation plans to promote internal equity, consistency, and alignment with business objectives.
- Prepare and review financial analyses to evaluate the impact of proposed changes to incentive compensation plans.
- Update incentive plans and maintain accurate records of signed plan documents.
- Compile monthly reports summarizing performance results and incentive payouts.
- Maintain incentive compensation systems to reflect plan changes, communicate updates to relevant stakeholders, and recommend system enhancements or upgrades.
- Gather and analyze data, research industry trends, and evaluate compensation benchmarks.
- Develop recommendations based on data analysis and contribute to the development of policies and procedures.
- Identify and implement process improvements to enhance the efficiency and effectiveness of incentive compensation processes.
- Participate in departmental and cross-functional projects.
- Perform other duties as assigned.
Qualifications:
- Strong financial modeling, analytical, and problem-solving skills.
- Bachelor’s degree or certification in Accounting, Finance, or a related field preferred.
- Experience administering incentive compensation plans within a large, multi-state organization preferred.
- Experience with Alteryx, Workday HCM, and/or Xactly Sales Performance Management preferred.
- Strong written and verbal communication skills.
- Excellent collaboration skills and the ability to work effectively with cross-functional teams.