U.S. Bank Senior Incentive Plan Analyst in ATLANTA, Georgia
About Elavon ( www.elavon.com )
Elavon is wholly owned by U.S. Bank, the fifth-largest bank in the United States, and provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico and Puerto Rico. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to enterprise-sized.
The Incentive Plan Analyst Team Lead is responsible for administering various Line of Business incentive plans for the company. The Analyst works closely with the Line to provide analysis, research and recommendations regarding employee incentives.
Consults with assigned business lines regarding modification of incentive plans and advanced incentive processing.
Develops training materials and conducts training sessions for business line employees when Learning Services resources are not available.
Calculate incentive payments, perform reasonability audits on the results, and submit payments to payroll.
Perform advanced data validation and research which often requires collaboration with Financial Analysts and other departments both within and outside of business lines to validate the source incentive data and ensure data integrity for payments and reporting.
Advanced research regarding incentive issues to enable business line management to make decisions consistently across business lines.
Professionally communicate results, reports, and guidance/recommendations to assigned business line or functional area via written and verbal channels.
Provide ongoing support to customers by answering complex questions related to incentive plans and source data.
Work closely with assigned business line or functional area to assess departmental needs and develop useful reporting tools to meet those needs.
Adhere to guidelines set forth by Incentive Administration and Corporate Compensation on business line incentive plan administration.
Make updates to current plan documents with the guidance of the Incentive Plan Manager and Corporate Compensation for approval in Archer and distribution to the plan participants.
Actively ensures compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures. Actively participates in any required corporate and business line training in these areas. Follows account opening procedures and understands and follows internal suspicious activity referral requirements and processes, as required for this position. Actively works with customers to understand each customer's normal account activity, as appropriate for this position.
It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with U.S. Bancorp’s “Code of Ethics”. Each employee is also expected to maintain an awareness of the laws, regulations, internal policies and procedures that are appropriate for his/her position.
The Incentive Plan Analyst Team Lead function works closely with Sales Leadership, Customer Insight & Analytics, Finance & Incentive Plan Management (IPM/HR) to form a collaborative approach to implement financially motivating, risk adverse, market competitive variable compensation plans to a global workforce.
The Incentive Plan Analyst Team Lead is intended to assist in the implementation & administration of plans, manage company expenses (forecasting, budgeting, reporting), and ensure the company is adhering to required risk controls.
The ideal candidate for this role will be an experienced analyst with a strong analytics, compensation planning and monthly operational background. The candidate requires a strong attention to detail, analytical approach and equally comfortable working with the data, providing insights and recommending actions in response. Strong communication skills will be critical to success within the role as well as a proactive approach to problem solving.
• Oversee the development and advancement of reporting and analytics related to the company’s incentive plan performance and expenses.
• Annually assist in the strategic planning, modelling and formal renewal process related to business line incentive plans.
• Ensure all business line incentive documents are distributed to all active employees in a timely manner, as well as collecting signed documents in a timely manner and ensure all payees are in compliance with U.S. Bank policy.
• Support the monthly operational compensation process as it pertains to:
o Goaling validation and implementation (not responsible for goal setting, but ensuring changes are properly uploaded and impact of change is approved)
o Liaison between HR, Finance and Business Development departments to help model and advise around change requests
o Evaluate and advise on Campaign and Referral program calculations
o Partner with the Incentive Plan Management and Administration group on document management
o Participate in the monthly review and approval of monthly payments
• Develop and maintain a complete understanding of all applicable plan documents for your region and be responsible for responding to all disputes, inquiry requests in a timely manner to ensure issues are addressed prior to month close.
• Provide monthly analysis of BLIP performance and payments – including next period and full year forecast at individual and channel level.
• Develop and implement standardized reporting suite to help in bringing understanding and insights into compensation expense and revenue performance through partnerships with the Business Intelligence department.
Bachelor's degree, or equivalent work experience
Five to eight years of related experience
Working knowledge of financial analysis techniques and general accounting procedures is essential.
Strong mathematical and analytical skills as well as a thorough level of knowledge in financial analysis, forecasting, and planning.
Ability to understand historical performance and build forecast outcomes based on differing scenarios
Detail oriented – ability to spot and demonstrate trends to senior stakeholders alongside recommended course of action
A willingness to accept change and the ability to maintain effectiveness in a changing environment with ability to “see the bigger picture”
Excellent verbal and written English language skills
Proven ability to multi-task & excellent time management skills
Ability to set and work to fixed deadlines.
Detail conscious and a flexible approach to work
Advanced knowledge of excel is essential
Job: Human Resources
Primary Location: Georgia-GA-Atlanta
Shift: 1st - Daytime
Average Hours Per Week: 40
Requisition ID: 190011081
U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.