Incentive Compensation Analyst

Western Alliance Bancorporation; Phoenix (AZ); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive salary

Ownership stake

Medical & Dental insurance

401k match

Tuition assistance

Employee volunteer program

Wellness program

Job summary

Western Alliance Bancorporation seeks an Incentive Compensation Analyst to administer incentive programs, design plans, and ensure accurate payments. You will liaise with lenders, relationship managers, and business leaders to process requests and resolve eligibility issues while supporting audit and regulatory compliance.

You will help with data analysis, modeling, and governance, contributing to the ongoing improvement of compensation processes across the bank.

Qualifications

• 3+ years of related experience or similar field.
• Bachelor's degree in related field required.
• Experience with Workday strongly preferred.
• Experience with Varicent incentive compensation platform preferred.
• Proficient with Microsoft Office, including advanced Excel skills.

Responsibilities

• Administer incentive compensation plans, including design, modeling, eligibility, payments, reporting and governance.
• Collaborate with Lending Origination Officers, Relationship Managers and business units to process incentive requests and resolve eligibility issues.
• Draft and present materials for audits and risk reviews; support compliance with regulatory requirements.
• Produce monthly trend analyses and quantitative reports on compensation data.
• Assist with plan deployment, documentation, and stakeholder communications.

Skills

Interpersonal skills

Initiative

Communication skills

Education

Bachelor's degree in related field

Tools

Workday

Varicent

Excel

SQL

VBA

Visio

Job description

Job Title:

Incentive Compensation Analyst

Location:

CityScape

What you'll do:

As an Incentive Compensation Analyst you'll be responsible for completing all of the tasks involved in the administration of the Incentive Compensation Plans for the Bank. This includes the design and modeling, eligibility management and payment calculation, reporting and analysis, plan auditing, and governance control. One of your key responsibilities is to work closely with the Lending Origination Officers, Deposit Relationship Managers, Business Development Officers and business unit managers to process incentive compensation payment requests, review evidence and information regarding disputed eligibility and calculation errors, and communicate plan details to new employees. You'll serve as liaison to many key stakeholders, including Executive Management, Risk and Compliance, HR Business Partners, Legal, Finance, and IT to ensure proper incentive plan design, delivery, execution, analysis and reporting. This role serves many employees and must be highly responsive and focused on quality service. Our Incentive Compensation Analyst will participate in audit and risk review to ensure plans meet regulatory and compliance requirements.

• Responsible for supporting leadership in the monitoring of eligibility of plan participations and ensure compliance with both plan provisions and government requirements. Provide guidance and counsel to employees, HRIS representatives on the requirements and provisions of programs and assist with the resolution of potential problems including hand off to vendors. Monitor the administration of compliance and support the Western Alliance incentives programs.
• You will be responsible for providing input with the design and modeling of incentive compensation plans. Contribute to the development of software and processes for eligibility and payment calculation. Participate in trend analyses and other quantitative reports to determine business trends that impact compensation.
• Ensure incentive payment submissions comply with bank policies and procedures, and that documentation is accurate and properly maintained. Prepare and analyze monthly reports. Assist in investigating and documenting unusual items. Document plan payouts and presents materials during audit and risk review process. Provide recommendations to support growth and eliminate or mitigate observed risks.
• Research current trends and regulatory/legislated requirements. Compile, analyze, and report data including employee, total rewards strategic planning and evaluation, best practices, and benchmark surveys.
• Support all areas within Total Rewards including Benefits, Compensation, and Incentives as needed.

What you'll need:

• 3+ years of related experience or similar field.
• Bachelor's degree in related field required.
• Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Prior experience with Workday strongly preferred.
• Strong interpersonal and partnering skills to facilitate effective working relationships.
• Ability to take initiative, drive project work and complete work within established deadlines.
• Proficient with Microsoft Office products, with advanced working fluency in Excel, SQL, VBA, or Visio.
• Previous Varicent incentive compensation platform experience strongly preferred.
• Intermediate speaking and writing communication skills.
• Certified Compensation Professional or World at Work Coursework preferred.

Benefits you'll love:

We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email [e-mail] or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation