Job Description

Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)



Please review the following job description:

Partner with Executive Leadership to drive, facilitate and execute strategies for complex incentive compensation plans while identifying and designing business and process improvements based on analysis. Ensure alignment with corporate directive regarding incentive philosophy.

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Design commission, discretionary, and formulaic incentive plans with greater than 1,000 teammates and payouts exceeding 10 million dollars annually
2. Develop competitive Mortgage incentive plans that retain, attract and motivate teammates to drive desired outcomes, working with Varicent partners towards successful implementation
3. Build, maintain and deliver Mortgage compensation reporting and analytics used by Executive Leadership to make expense and functional related decisions
4. Model and analyze Mortgage Functional Incentive Plans (FIP) cost to ensure expense is within Plan, or if business conditions change, impact Forecast to reflect needed changes
5. Work with Finance SFO to ensure business needs are communicated so that Financial forecasts can remain relevant.
6. Assist in the Mortgage accrual process each quarter by providing initial estimates of the quarterly, semi-annual, and annual FIP expense based on year-to-date results, volume projections from Finance, anticipated changes in headcount, and other applicable data and trends that help inform the estimate.
7. Partner with Executive Leadership to build dynamic data models used to calibrate production goals for sales teammates
8. Partner with the Varicent Team and EDO to establish data feeds and business requirements
9. Facilitate weekly/monthly FIP design meetings and while tracking key decisions, action items and other necessary criteria to build competitive plans.

Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Team player with 8+ years of experience in banking or financial services
2. Undergraduate degree in business combined with relevant professional experience
3. Experience in driving results, best practices, and strategic change initiatives
4. Possess strong analytical abilities
5. Possess excellent oral and written communication skills for use both in meetings and in the creation and delivery of executive level presentations
6. Advanced proficiency in Microsoft Excel and PowerPoint
7. Detail oriented with the ability to quickly assimilate and apply new concepts and technologies
8. Demonstrated ability to work with numbers and large volumes of data with accuracy and speed

Preferred Qualifications:

1. Previous experience in designing and administering incentive plans

2. Executive compensation plan experience

3. Masters degree in business or finance; banking or business administration

Job will be remote from any city within Truist footprint