Operations Incentive Analyst

First American - Scottsdale, AZ3.8

Commission
Join our team! As a global leader in providing title insurance, settlement services and risk solutions for real estate transactions, First American Title Insurance Company (NYSE: FAF) is an ideal place to build your career. We have been entrusted with helping our customers achieve and protect their dream of homeownership since 1889. First American Title’s Direct division provides comprehensive title insurance protection and professional settlement services for real estate purchases, refinances and equity loans.We believe that our people are the key to the company’s continued success. Because our employees enable our future, we invest in theirs by supporting their careers and promoting their overall wellbeing. First American has created an award-winning culture and has been named to the Fortune 100 Best Companies to Work For® 2018 list for the third consecutive year and to more than 50 regional Best Places to Work lists. For more information, visit www.firstam.com.

Job Summary
Responsible for the administration of variable pay incentive plan calculations for a Division in compliance with Company processes and procedures. This includes complex plan modeling, forecasting, trend analysis and building complex formula for incentive calculation. Conducts and leads internal audits, SOX audits, due diligence, fraud investigations and special projects.

Essential Functions:
  • Prepare monthly incentive calculations for all incentive plans
  • Perform monthly incentive payment reconciliations
  • Develop incentive and commission projections during annual budget process
  • Build complex excel formula to calculate incentive payments
  • Work with reporting team/IT to ensure the integrity of the reports use for the incentive calculation
  • 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
  • Perform financial analysis to determine financial impact and success of plans
  • 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
  • Provide quota attainment reporting to sales management and sales agents
  • Conduct regular audits for plan compliance
  • Performs 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 Qualifications:
  • Bachelor’s degree or equivalent combination of education and experience
  • 2-5 years of experience in a financial/accounting/database/MIS capacity
  • Finance & Accounting – experience in finance, economic, and accounting principles and practices, the financial markets, financial statements, and valuation, analysis and reporting of financial data
  • MIS/Database – ability to combine data from different sources/systems
  • Mathematics & Analytics – ability to understand, manipulate and solve problems using mathematics on large data sets
  • Computer Skills – advanced knowledge Excel is required. Knowledge in SQL and VBA is a plus
  • 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
  • Attention to detail
First American invests in its employee’s 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. For more information about our Company and our dedication to putting People First, check out firstam.com/careers.