Description
SALES COMPENSATION ANALYST II
WHAT IS THE OPPORTUNITY?
Sales Compensation Analyst will play a key role in the oversight and administration of commission and sales incentive plans. Will be responsible for assisting with the implementation, configuration, and development of incentive management systems used to manage monthly, quarterly and annual incentive payments across multiple business lines and strategies. The role will ensure accuracy and compliance with business objectives, new and changing business requirements. Will partner with the business and cross-functional teams to analyze plans and plan effectiveness, identify trends, and support the design, development, and documentation of new and enhanced plans. Will support system configuration, documentation, and ensure system readiness and alignment with business goals. Should have familiarity with system implementation, testing and identifying system issues in a testing environment. Successful candidates will exhibit a proactive mindset, consistently demonstrating urgency and a proven track record of collaboration and taking ownership in projects.
WHAT WILL YOU DO?
Assist in the implementation, design and development of the Varicent incentive management platform. Onboarding current incentive plans in to the system and assisting with the build and configuration of calculations and reporting.
Assist in the design and development of new compensation plans to meet organizational objectives.
Participate and test expected results and identify issues in a test based environment.
Analyze compensation-related data and performance metrics to identify trends, discrepancies and opportunities.
Provide data-driven recommendations to leadership for plan optimization, performance improvements and alignment with business objectives.
Create and deliver comprehensive reporting, providing insights into compensation plan performance.
Gather and interpret new and evolving business requirements for compensation plans.
Develop technical documentation for system configurations and calculations.
Write plan documents that detail the structure, rules and metrics of the compensation programs
Collaborate with cross-functional teams such as HR, Lines of Business, Finance, IT, Compliance, Risk and Legal to ensure accurate compensation plan implementation.
Ensure compliance with relevant policies, regulations and industry standards.
Provide troubleshooting and support for system issues related to compensation calculations.
Ensure files are accurate and submitted to payroll in a timely manner for payout processing.
WHAT DO YOU NEED TO SUCCEED? Required Qualifications*
Bachelor's Degree or equivalent
Minimum 5+ years of experience supporting users, managing priorities, setting expectations and driving issues to resolution.
Minimum 4+ years of experience using an Incentive Compensation Management System
Minimum 4+ years of experience in incentive compensation system administrator role, configuring plans, dashboards and reporting.
Minimum 4+ years of experience working with business users to understand and document business requirements.
Minimum 2+ years of experience creating test plans and conducting testing.
- Varicent Incentive Compensation Management System Knowledge preferred.
- Strong analytical and research skills.
- Ability to express complex technical concepts in business terms.
- Ability to work independently, solve problems and meet deadlines.
- Balanced business and technical acumen.
- Self-motivated, able to take initiative, and work independently
- Excellent verbal and written communication skills
- Attention to detail and strong organizational skills
- General understanding of software development cycles
- Prior experience in banking environment preferred
- Ability to read basic scripts in SQL a plus
WHAT'S IN IT FOR YOU? Compensation Starting base salary: $77,000 - $143,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job. #LI-MA #CA-MA
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