Incentive Analyst Job Description
Incentive Analyst Duties & Responsibilities
To write an effective incentive analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included incentive analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Incentive Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Incentive Analyst
List any licenses or certifications required by the position: MSO, CCP, CPA, II
Education for Incentive Analyst
Typically a job would require a certain level of education.
Employers hiring for the incentive analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Accounting, Education, Economics, Business/Administration, MBA, Technical, Computer Science, Human Resources
Skills for Incentive Analyst
Desired skills for incentive analyst include:
Desired experience for incentive analyst includes:
Incentive Analyst Examples
Incentive Analyst Job Description
- Supporting the GI&C organization with the adoption of new trends and tools in reporting
- Acting as an independent professional on reporting items
- Providing support to WW SMEs reporting requirements
- Supporting audit requests & BC review requests
- Providing ad-hoc education on reporting related items
- Identifying trouble-shoot and update requirements of existing reporting tools
- Absolute Plan budget, forecasting, accrual and Achievement reporting
- 100% club budget, forecasting and reporting
- Create excel models to determine contractual commitments per the terms of the contract, ensuring that all obligations have been accurately addressed
- Review on-going contract performance and update future performance /amortization schedules, as needed
- Moderate knowledge of application software, hardware, PC's, LAN's and WAN's
- Moderate knowledge of business systems architecture
- Moderate knowledge of programming concepts, documentation and interface requirements
- Moderate knowledge of systems administration associated with systems hardware and software
- Moderate knowledge of applications development methodologies
- Moderate knowledge of SDLC/Project management methodologies
Incentive Analyst Job Description
- Analyze and explain the variances between forecasted and actual contractual commitments and prepare the necessary adjustments
- Provide timely reporting to External Reporting and Accounting Operations
- Develop a strong relationships with external/internal customers
- Create excel models to determine contractual commitments per the terms of the contract, ensuring that all key obligations have been accurately addressed
- Review contractual payments per terms of acceptance contracts
- Assist the team in pulling required data from multiple systems, administer logs and checklists for the team, administer the mailbox for correspondences with stakeholders, perform other administrative tasks as necessary
- Prepare periodic scorecard / metrics reporting
- The candidate will interact with various levels of management across the organization
- Provide single point of contact to the Sales Execution organization for all sell through data and compensation based activities
- Develop strong working relationships with members of the NAR sales organizations
- Very good analytical skills and logical thinking
- Taking ownership of issues/actions
- Ability to organize huge amount of data
- Knowledge of F&P,Accounting or Incentives environment
- Two to four years of financial analysis experience
- Bachelor’s Degree in Finance, Mathematics, Engineering, or related field
Incentive Analyst Job Description
- Drive increased sales visibility through the deployment of data integrity practices and improved reporting
- Facilitate quota setting and monthly and/or quarterly attainment measurement and pay out activities for selling organizations
- Analyzes and documents user information needs or business problems and assists in determining most effective/efficient programming solution
- Assists in analysis of existing software and hardware systems and procedures
- Develop accurate weekly, monthly and quarterly reporting, including but not limited to actuals vs
- Work with business partners to develop plans and analyze data as it relates to budgeting, forecasting, labor, ROI and other business performance measures
- Assist in the development and improvement of internal controls and procedures related to financial reporting 20%
- Administer the collaboration between the Financial Services team and the IT team with respect to financial database and ERP functionality monitoring 20%
- Assist with the implementation and documentation of special and new projects as needed
- Work in conjunction with sales leadership and other internal groups (finance and HR) to assist in incentive plan and tracking analyses
- Demonstrated experience in MS Access and/or MS Excel
- Ability to work closely with other associates individually
- Prior experience in incentive compensation
- Experience working with massive data sets
- Experience with IBM Cognos, Salesforce CRM or other similar incentive, compensation or CRM software
- Minimum of 2-4 years in pre- and post-trade listed derivatives or OTC financial markets experience
Incentive Analyst Job Description
- SIC Platform (Oracle or Optymyze) maintenance & operation
- Deliver SIC payouts to agreed SLA rates on a quarterly basis to subscribed Businesses
- Execution of robust process and timely resolution for all disputes
- Partner with SAFR Leadership and Program Managers to drive continuous improvement and LEAN operations
- Gather information on programs developing programs of the utilities
- Maintains global database of compensation plans
- Administers the Compensation Exception Registration Tool ( CERT)
- First line of customer service for high volume of policy questions / clarifications providing guidance and communication on incentive programs, compensation exceptions issues
- Researches details of all changes in corporate policy and product / service offerings determining the financial and motivational impact on the compensation plan
- Designs, maintains, and publishes the global compensation communication materials and legal documentation
- Software development experience including familiarity with general purpose programming languages (esp
- Strong leadership and interpersonal skills are required to lead or support cross-functional projects
- Strong business analysis skills, excellent verbal and written communication skills
- Candidate must be proficient in Microsoft Access and possess advanced Excel skills
- Candidate will interact with various levels of management across the organization
- Candidate must possess advanced Excel skills
Incentive Analyst Job Description
- Understands and articulates new compensation model to Global Business Analysts (GBA) to setup in global compensation application
- Create and distribute Incentive Compensation Plans for WW Sales and Sales Support
- Validate New Hire, Promotion and Transfer employee data from Human Resources is accurate and complete
- Prepare Xactly/Incent load files with the quotas, commission rates, and other key information for all incentive eligible personnel on a monthly basis
- Partner with Global Sales Compensation Administration team to ensure that the required compensation data is provided in a timely basis for the administration of incentive payouts
- Collaborate with Design and Operations Team to ensure design and policy decisions are executed, including new fiscal year and mid-year design changes
- Work closely with Plan Operations Team to triage and answer questions regarding incentive plan issues/problems, establish best practices, and improve manual processes
- Subject Matter Expert and User Acceptance Testing for Compensation Plan Distribution Tools
- Provide ad hoc analyses as necessary to support senior management and internal stakeholders
- Update sales compensation system with actual sales results, individual quotas, employee information, and compensation plan information
- 3-5 years experience administering multiple incentive compensation programs
- Ability to compile statistics
- Must have demonstrated advanced Excel/Access skills, and the ability to interpret data
- Must be working toward completion of a bachelor degreee in finance/accounting or related field
- Minimum of 3 years of total business experience required
- Must be highly skilled in MS Office (Excel)