What are the responsibilities and job description for the Operations Incentives Analyst position at First American?
Who We AreJoin a team that puts its People First! Since 1889, First American (NYSE: FAF) has held an unwavering belief in its people. They are passionate about what they do, and we are equally passionate about fostering an environment where all feel welcome, supported, and empowered to be innovative and reach their full potential. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For list for nine consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all. For more information, please visit www.careers.firstam.com.What We DoResponsible for the administration of variable pay incentive plan calculations for a Division in compliance with Company processes and procedures. Conducts and leads internal audits, SOX audits, due diligence, fraud investigations and special projects.
First American invests in its employees' development and well-being, empowers them to provide superior customer service and encourages them to serve the communities where they live and work. First American is committed to diversity and inclusion. We are an equal opportunity employer.
Essential Functions
- Prepare monthly incentive calculations for all incentive plans
- Perform monthly incentive account reconciliations
- Develop incentive and commission projections during annual budget process
- Analyze data from multiple sources, develop models for analysis of various plan design options, and calculate and analyze incentive payout projections
- Plan and model commission expense in collaboration with Sales executives, Finance and Corporate Compensation
- Support implementation and ongoing administration of incentive plans and provide guidance and analysis to corporate and sales channel leadership
- Forecast quarterly and annual commission/bonus program expense
- Conduct regular audits for plan compliance
- Perform general ad hoc analysis of financial and operational data for trends and variances and present findings to finance management
- Uses historical trend information along with changes in market and business environments to create projections used for the budgeting or forecasting processes
Job Complexities
- Works on moderate to complex analysis projects
- Uses professional concepts and company policies and procedures to solve a variety of problems
- Exercises judgment to determine appropriate action
- Errors may have business and financial impact
Supervision Received or Extended
- No responsibility for the supervision of others
- May provide functional advice or training to less- experienced team members
- Works under general supervision
- Relies on experience and judgment to perform the functions of the job
- A certain degree of creativity and latitude is required
Knowledge and Skills/Technology Used
- Finance & Accounting - experience in finance, economic and accounting principles and practices, the financial markets, financial statements, and valuation, analysis and reporting of financial data
- Mathematics & Analytics - ability to understand, manipulate and solve problems using mathematics on large data sets
- Computer Skills - advanced knowledge of Microsoft Office Suite, particularly Excel and PowerPoint
- Problem Solving - identify problems and review related information to develop and evaluate options and implement solutions
- Organizing, Planning & Prioritizing Work - developing specific goals and execution plans for the completion of tasks
- Good Communication Skills - both written and verbal
- Critical Thinking - use logic and reasoning to identify alternative solutions, conclusions or approaches to problems
- Judgment & Decision Making - consider relative costs and benefits of potential actions to choose most appropriate course of action
- Familiar with standard concepts, practices and procedures of the business
Typical Education
- Bachelor's degree or equivalent combination of education and experience
Typical Range of Experience
- 2-5 years of experience in a financial/accounting capacity
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal work hours and/or responsibilities from time to time, as needed.
What We OfferBy choice, we don't simply accept individuality - we embrace it, we support it, and we thrive on it! Our People First Culture celebrates diversity, equity and inclusion not simply because it's the right thing to do, but also because it's the key to our success. We are proud to foster an authentic and inclusive workplace For All. You are free and encouraged to bring your entire, unique self to work. First American is an equal opportunity employer in every sense of the term.Based on eligibility, First American offers a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave and other great benefits like an employee stock purchase plan.First American invests in its employees' development and well-being, empowers them to provide superior customer service and encourages them to serve the communities where they live and work. First American is committed to diversity and inclusion. We are an equal opportunity employer.
