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Company Name:
U.S. Bank
Approximate Salary:
Not Specified
Richfield, Minnesota
United States
Human Resources

U.S. Bank Incentive Plan Analyst - Richfield, MN

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we're one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
  The Incentive Plan Administrator (IPA) is responsible for administering the Line of Business incentive plans for the company as well as the administration of the varying management system(s). The IPA will be responsible for basic research, analysis, and calculation of employee incentives.  Utilizes company policies and governmental regulations to ensure consistent interpretation and execution of incentive payments. 
  • Conducts analytical research to support Line management on incentive plans.
  • Processes incentive data, analyzes data, and summarize findings.
  • Ensure source system data is balanced with the data received into the ICM system.  Keep documentation of validation.
  • Conduct telephone training sessions for employees on incentive related topics when Learning Services resources are not available.
  • Calculate incentive payments and perform reasonability audits on the results
  • Verify payroll amounts are accurate and submit payments for approval to IPM.  Once approved by IPM the payments will be submitted to payroll.
  • Perform basic research and analysis to identify and resolve incentive discrepancies related to various financial and/or business partner data included for incentives and/or reporting.
  • Perform basic research regarding incentive issues or questions to enable Line management to make decisions consistently across business lines, where appropriate.
  • Provide ongoing support to internal customers by utilizing company policies and governmental regulations to answer questions related to incentive plans and source data.
  • Assist the IPM in any modelling that needs to occur on the impact of changes to the plans being requested.
  • Actively ensures compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures. Actively participates in any required corporate and business line training in these areas. Follows account opening procedures and understands and follows internal suspicious activity referral requirements and processes, as required for this position. Actively works with customers to understand each customer's normal account activity, as appropriate for this position.

  Basic Qualifications
  • Bachelor's degree, or equivalent work experience
  • Three to five years of related experience
Preferred Skills/Experience

  • Experience with large scale incentive compensation administration (1000+ participants)
  • Proficient with Microsoft Office products (Word, Access, Project)
  • Highly Proficient with Microsoft Excel
  • Experience with requirements documentation
  • Problem solving skills and attention to detail
  • Experience with IBM ICM or similar incentive system
  • Excellent analytical, problem resolution and customer service skills.
  • Strong interpersonal, logical reasoning, written and verbal communication skills.
  • Ability to work independently, manage multiple tasks and set priorities in a fast paced environment.
  • Organizational skills required
  • System reporting and data analysis skills required


Job Human Resources

Primary Location Minnesota-MN-Richfield

Shift 1st - Daytime

Travel No

Average Hours Per Week 40

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