Incentive Design

About Working at Commerce

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk.

Compensation Range

Annual Salary: $62,000.00 - $94,500.00 (Amount based on relevant experience, skills, and competencies.)

Commercial Bank is hiring a Sales & Incentive Compensation Analyst to develop and manage commission, bonus, and Incentive programs for commercial banking. This is a high visibility role, frequently working with Executive Management to provide status updates and prioritize projects and Incentive Plan development.

About This Job

The main purpose of this job is to calculate accurate, timely Incentive payments to plan participants.

Essential Functions

• Calculate accurate, timely Incentive payments to Plan Participants

• Manage multiple Incentive Plans and processes, working independently or with guidance on complex matters

• Conduct analysis and modeling to drive enhancements to existing Plan designs and develop new Plans, when needed

• Provide data and recommendations to support decisions regarding plan status, performance, and plan management

• Maintain data integrity from multiple sources (billing systems, P&L, manager entered data, etc.)

• Ensure a high level of customer service, including timely and effective communication, education of multiple stakeholder groups, and support of inquiries

• Design standard and ad hoc reporting and presentations for multiple audiences

• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Excellent analytical and deductive reasoning skills

• Strong presentation, communication, and project management skills

• Accuracy and Time management and prioritization (setting deadlines, communicating status/delays, and adapting to unexpected hurdles)

• Clear focus on continuous improvement and innovation

• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities

• Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills

• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values

• Intermediate level proficiency with Microsoft Word, Excel, Teams and Outlook

Education & Experience

• Bachelor’s degree or equivalent combination of education and experience required

• 2+ years experience managing incentive compensation plans preferred

• Knowledge/experience working in commercial banking preferred

• Highly skilled in Excel, Access, and/or SQL preferred

• Experience managing or working with relational databases preferred

• Experience working with Varicent software (formerly IBM compensation engine) preferred

*Hybrid Schedule: In office 3 days per week

**Level of role is determined by knowledge, experience, skills, abilities, and education

***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Incentive Analyst II and III - Commercial job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $62,000 to $94,500 annually .

#LI-Hybrid

The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here (https://careers.commercebank.com/us/en/benefits) to learn more.

Location: 1000 Walnut St, Kansas City, Missouri 64106

Time Type:

Full time

Commerce Bank has been awarded numerous awards for our company culture. We have been included on distinguished lists such as Forbes’ Best Midsized Employers, Forbes’ Best Employers for Women, and Korn Ferry’s Engaged Performance Award. You’ll see the difference for yourself when you join the team.

Why Commerce? (https://www.commercebank.com/careers/about-commerce) Inclusion at Commerce How to Join Our Team (https://www.commercebank.com/careers/how-to-join-our-team)

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Equal Opportunity Employer

Commerce Bank is proud to be an Equal Employment Opportunity employer and believes that every individual should have the opportunity to work at a job for which he, she or they qualifies. We celebrate diversity and do not discriminate based on race, color, ancestry, ethnicity, gender identity, gender expression, sex, sexual orientation, disability (including physical or mental handicap), age, veteran status, military status, national origin, religion, pregnancy status, marital status, genetic information, or any other status protected by applicable federal, state or local law.