Sales Compensation Analyst - Full-time

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community?  Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  At Provident Bank, we are committed to enhancing our customer and employees’ experience. 

POSITION OVERVIEW:

Under general direction, this position works with the sales analysis and sales tracking system. Coordinates with vendors and interacts with cross lines of business to validate sales tracking and referral program. Generates and distributes corporate sales reports, and other statistical analysis as requested.  The in-cumbent will be the contact for all inquiries in regard to sales payouts and discrepancies but will escalate issues to management as necessary.   Incumbent is expected to perform routine and complex non-routine duties of the job.

KEY RESPONSIBILITIES:

• Assist in the design of incentive plans for various positions. Evaluate, back-test, and recommend design concepts and mechanics. Forecast and model performance and payout distributions against budget and prior year.
• Conduct reporting, including reporting from disparate data sources, to support business requirements.
• Maintaining the quality, integrity and accuracy of sales automation and tracking system.
• Provide /incentive recommendations by evaluating benchmarks and business goals.
• Provide support for projects which may include market research, competitive intelligence, systems/reporting enhancements, process improvements, and communications content.
• Coordinate plan approvals and acknowledgments, develop communication materials, and build employee calculators.
• Acts as main contact for providing support for the sales tracking.
• Handling all discrepancies; researches and provides solutions.
• Tracking referrals for the purpose of validation to ensure effective payouts.
• Accurately process monthly, quarterly, annual and special incentive payments.
• Partner with system administrators and payroll as needed. May build dynamic calculators to process incentives in an accurate and timely manner.
• Maintaining accurate and up-to-date sales tracking files up to date.
• Manage accruals and budget for incentives.
• Create and maintain job/incentive codes and other relevant data.
• Assist leadership with the management of workflow coming from Business Partners and Business leaders including promotional increases, offer support, responding to data requests, answering technical incentive program questions, and evaluating non-standard requests.
• Partner with other Lines of Business on a variety of cross-functional initiatives and compensation related projects.
• Create presentations, graphs or dashboards to display results of reports.
• Analyze data and reports to identify trends/insights that will influence business decisions.
• Is responsible for other administrative duties of the sales department and maintains department files.
• Performs other related duties.

MINIMUM QUALIFICATIONS:

• High school diploma or GED required.
• Minimum of 3 to 5 years of related experience.
• Ability to exchange information clearly and concisely and to present ideas, report facts and other information.
• Ability to manage own workflow and resolve questions and problems with supervisor.
• Proficiency in Microsoft Office applications (Work, Excel, PowerPoint, Outlook) and proven ability to quickly understand technology.
• Good communications and organizing skills and accuracy when working with details under pressure.
• Ability to apply common sense understanding to carry out the instructions furnished and use good judgment to determine when more senior involvement is required.
• Solid research and problem-solving skills.

PREFERRED QUALIFICATIONS:

• Associate degree preferred.

WORKING CONDITIONS:

Work is performed in a normal office environment. Noise levels are usually moderate. This position involves travel to customers and property locations.

• Prolonged sitting
• Lifting from 5 to 10 lbs. (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• The hazards are mainly those present in a normal office setting

TRAVEL REQUIREMENTS: 

May require travel between Customer sites, Provident Offices, or Branches

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.                                                                                         

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

Pay Details:

$45,400 - $46,900 Annually

Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs.

This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.

Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.