Incentive Analyst Job Description

Incentive Analyst Job Description

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Incentive analyst provides ad-hoc reporting using DBMS and other SQL mechanisms like MS Access and SQL Server in support of internal and external clients.

Incentive Analyst Duties & Responsibilities

To write an effective incentive analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included incentive analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Collaborate closely with – and take direction from – incentive designer to understand strategy, structure and objectives of each business area
Develop and implement calendar for distribution of key compensation plan metrics, results, analytics
Develop analytics “package” to determine plan effectiveness
Assist sales incentive design consultants with forecasting and modeling potential compensation plan design changes
Maintain detailed listing and documentation of all plans
Work closely with reporting team to define and develop reporting
Managing reporting inquiries in the WW incentives inquiry DB
Supporting and coaching the GI&C team on reporting related issues
Preparing Reports for Global SCQI VP team
Acting as an advisor to ad-hoc reporting requests and design a structure for new reporting requirements

Incentive Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Incentive Analyst

List any licenses or certifications required by the position: MSO, CCP, CPA, II

Education for Incentive Analyst

Typically a job would require a certain level of education.

Employers hiring for the incentive analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Accounting, Education, Economics, Business/Administration, MBA, Technical, Computer Science, Human Resources

Skills for Incentive Analyst

Desired skills for incentive analyst include:

SQL coding and integration to VBA with MS Access and MS Excel desirable
Access and PowerPoint
Compensation/Incentive Compensation practices and policies
Healthcare industry
Industry practices and standards
Policies
Practices and systems
SAS
SQL programming
SQL and VBA

Desired experience for incentive analyst includes:

Ability to work with large data sets, organize and pull out insights, develop recommendations, and present data in a meaningful way
Brings the distinct ability to work collaboratively across business areas
Strong organizational skills with the ability to meet aggressive deadlines, work in a fast paced environment, and be able to work in a space where constant reprioritization is needed
Previous incentive analytics experience
Experience using Access and Tableau
Moderate knowledge of business systems

Incentive Analyst Examples

1

Incentive Analyst Job Description

Job Description Example
Our company is looking for an incentive analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for incentive analyst
  • Supporting the GI&C organization with the adoption of new trends and tools in reporting
  • Acting as an independent professional on reporting items
  • Providing support to WW SMEs reporting requirements
  • Supporting audit requests & BC review requests
  • Providing ad-hoc education on reporting related items
  • Identifying trouble-shoot and update requirements of existing reporting tools
  • Absolute Plan budget, forecasting, accrual and Achievement reporting
  • 100% club budget, forecasting and reporting
  • Create excel models to determine contractual commitments per the terms of the contract, ensuring that all obligations have been accurately addressed
  • Review on-going contract performance and update future performance /amortization schedules, as needed
Qualifications for incentive analyst
  • Moderate knowledge of application software, hardware, PC's, LAN's and WAN's
  • Moderate knowledge of business systems architecture
  • Moderate knowledge of programming concepts, documentation and interface requirements
  • Moderate knowledge of systems administration associated with systems hardware and software
  • Moderate knowledge of applications development methodologies
  • Moderate knowledge of SDLC/Project management methodologies
2

Incentive Analyst Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of incentive analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for incentive analyst
  • Analyze and explain the variances between forecasted and actual contractual commitments and prepare the necessary adjustments
  • Provide timely reporting to External Reporting and Accounting Operations
  • Develop a strong relationships with external/internal customers
  • Create excel models to determine contractual commitments per the terms of the contract, ensuring that all key obligations have been accurately addressed
  • Review contractual payments per terms of acceptance contracts
  • Assist the team in pulling required data from multiple systems, administer logs and checklists for the team, administer the mailbox for correspondences with stakeholders, perform other administrative tasks as necessary
  • Prepare periodic scorecard / metrics reporting
  • The candidate will interact with various levels of management across the organization
  • Provide single point of contact to the Sales Execution organization for all sell through data and compensation based activities
  • Develop strong working relationships with members of the NAR sales organizations
Qualifications for incentive analyst
  • Very good analytical skills and logical thinking
  • Taking ownership of issues/actions
  • Ability to organize huge amount of data
  • Knowledge of F&P,Accounting or Incentives environment
  • Two to four years of financial analysis experience
  • Bachelor’s Degree in Finance, Mathematics, Engineering, or related field
3

Incentive Analyst Job Description

Job Description Example
Our innovative and growing company is looking for an incentive analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for incentive analyst
  • Drive increased sales visibility through the deployment of data integrity practices and improved reporting
  • Facilitate quota setting and monthly and/or quarterly attainment measurement and pay out activities for selling organizations
  • Analyzes and documents user information needs or business problems and assists in determining most effective/efficient programming solution
  • Assists in analysis of existing software and hardware systems and procedures
  • Develop accurate weekly, monthly and quarterly reporting, including but not limited to actuals vs
  • Work with business partners to develop plans and analyze data as it relates to budgeting, forecasting, labor, ROI and other business performance measures
  • Assist in the development and improvement of internal controls and procedures related to financial reporting 20%
  • Administer the collaboration between the Financial Services team and the IT team with respect to financial database and ERP functionality monitoring 20%
  • Assist with the implementation and documentation of special and new projects as needed
  • Work in conjunction with sales leadership and other internal groups (finance and HR) to assist in incentive plan and tracking analyses
Qualifications for incentive analyst
  • Demonstrated experience in MS Access and/or MS Excel
  • Ability to work closely with other associates individually
  • Prior experience in incentive compensation
  • Experience working with massive data sets
  • Experience with IBM Cognos, Salesforce CRM or other similar incentive, compensation or CRM software
  • Minimum of 2-4 years in pre- and post-trade listed derivatives or OTC financial markets experience
4

Incentive Analyst Job Description

Job Description Example
Our growing company is hiring for an incentive analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for incentive analyst
  • SIC Platform (Oracle or Optymyze) maintenance & operation
  • Deliver SIC payouts to agreed SLA rates on a quarterly basis to subscribed Businesses
  • Execution of robust process and timely resolution for all disputes
  • Partner with SAFR Leadership and Program Managers to drive continuous improvement and LEAN operations
  • Gather information on programs developing programs of the utilities
  • Maintains global database of compensation plans
  • Administers the Compensation Exception Registration Tool ( CERT)
  • First line of customer service for high volume of policy questions / clarifications providing guidance and communication on incentive programs, compensation exceptions issues
  • Researches details of all changes in corporate policy and product / service offerings determining the financial and motivational impact on the compensation plan
  • Designs, maintains, and publishes the global compensation communication materials and legal documentation
Qualifications for incentive analyst
  • Software development experience including familiarity with general purpose programming languages (esp
  • Strong leadership and interpersonal skills are required to lead or support cross-functional projects
  • Strong business analysis skills, excellent verbal and written communication skills
  • Candidate must be proficient in Microsoft Access and possess advanced Excel skills
  • Candidate will interact with various levels of management across the organization
  • Candidate must possess advanced Excel skills
5

Incentive Analyst Job Description

Job Description Example
Our growing company is looking for an incentive analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for incentive analyst
  • Understands and articulates new compensation model to Global Business Analysts (GBA) to setup in global compensation application
  • Create and distribute Incentive Compensation Plans for WW Sales and Sales Support
  • Validate New Hire, Promotion and Transfer employee data from Human Resources is accurate and complete
  • Prepare Xactly/Incent load files with the quotas, commission rates, and other key information for all incentive eligible personnel on a monthly basis
  • Partner with Global Sales Compensation Administration team to ensure that the required compensation data is provided in a timely basis for the administration of incentive payouts
  • Collaborate with Design and Operations Team to ensure design and policy decisions are executed, including new fiscal year and mid-year design changes
  • Work closely with Plan Operations Team to triage and answer questions regarding incentive plan issues/problems, establish best practices, and improve manual processes
  • Subject Matter Expert and User Acceptance Testing for Compensation Plan Distribution Tools
  • Provide ad hoc analyses as necessary to support senior management and internal stakeholders
  • Update sales compensation system with actual sales results, individual quotas, employee information, and compensation plan information
Qualifications for incentive analyst
  • 3-5 years experience administering multiple incentive compensation programs
  • Ability to compile statistics
  • Must have demonstrated advanced Excel/Access skills, and the ability to interpret data
  • Must be working toward completion of a bachelor degreee in finance/accounting or related field
  • Minimum of 3 years of total business experience required
  • Must be highly skilled in MS Office (Excel)

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