Incentive Compensation Analyst

What You'll Do

• Complete all tasks involved in the administration of the Incentive Compensation Plans for the Bank.
• Design and model, eligibility management and payment calculation, reporting and analysis, plan auditing, and governance control.
• Work closely with 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.
• Serve as liaison to 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.
• Participate in audit and risk review to ensure plans meet regulatory and compliance requirements.
• Maintain compliance with both plan provisions and government requirements.
• Support 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.
• Contribute to the design and modeling of incentive compensation plans.
• Develop 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 present 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.
• 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.

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 HR@westernalliancebank.com 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.