Compensation Incentive Designer

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Regular or Temporary:

Language Fluency:  English (Required)

Work Shift:

Please review the following job description:

ESSENTIAL DUTIES AND RESPONSIBILITIES
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. 

• Design CSBB incentive plans to align to the strategy and priorities while living Truist’s purpose, mission and values.

• Serves as the subject matter expert and thought leader on the design and performance of assigned incentive programs.

• Conducts or oversees regular analysis of the plan to ensure efficacy of plan relative to plan performance, accruals, key drivers, market alignment, pay for performance, etc.

• Partner with internal partners and stakeholders to recommend improvements, understand changes and assess impacts (e.g. Total Rewards, Line of Business, Human Resources, Risk Management, Finance, Control Partners, etc.)

• Gather pertinent data and maintain databases/tables to create and maintain functional incentive plans.

• Assist in the successful implementation into Varicent and incentive planning tools. 

• Build dynamic data models used to calibrate production goals for sales and operations teammates

• Prepare and submit the annual and off-cycle Business Incentive Plan (BIP) document and any required addendum.

• Leads risk assessments; awareness of control environment in the business and total rewards. 

• Escalate risks in a timely fashion and adhering to appropriate balancing risk.

• Prepares communication and training material content for assigned incentive plan(s) and delivers or assists in the delivery to plan participants.

• Documents all incentive plan specifications and reviews with Incentive Compensation Administration (ICA) and Human Capital Systems (HCS) partners.

• Track key decisions, action items and other necessary criteria made in weekly/monthly incentive design meetings

• Prepare monthly reporting and executive summaries.

QUALIFICATIONS
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.

• Team player with 3 or more years of experience in banking or financial services

• Undergraduate degree in business combined with relevant professional experience

• Possess strong analytical abilities

• Possess strong oral and written communication skills

• Advanced proficiency in Microsoft Excel and PowerPoint

• Detail oriented with the ability to quickly assimilate and apply new concepts and technologies

• Demonstrated ability to work with numbers and large volumes of data with accuracy and speed

Preferred Qualifications:

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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