Compensation Accounting Analyst
First National Bank, Pittsburgh, PA, United States
Compensation Accounting Analyst
This position is primarily responsible for accurate accounting and reporting of employee compensation and benefit programs, with a specialized focus on the calculation of incentive compensation payouts across the corporation. This role is critical in ensuring the incentive compensation payouts are accurate and timely and align with plan performance metrics and internal policies.
Primary responsibilities include:
Calculating quarterly, semi-annual and annual incentive compensation payouts under the corporation's various short-term incentive compensation plans, ensuring calculations are in accordance with approved plans and performance metrics.
Validating data inputs and ensuring accuracy in calculations before processing payments.
Maintaining detailed reports of payouts with appropriate supporting documentation.
Maintaining and enhancing compensation models and tools to support efficient and accurate calculations for actual or pro-forma payouts.
Performing data validation and reconciliations to ensure accuracy and integrity of payout calculations.
Preparing and distributing detailed reports and analysis to stakeholders, including executive management.
Providing reporting and analysis on incentive compensation trends.
Assisting in the design and documentation of incentive compensation plans, policies, procedures and internal controls.
Supporting accrual forecasting and budgeting for incentive compensation expense.
Supporting internal and external audits related to incentive compensation programs.
Participating in the annual plan design and review process by providing analytical support and historical payout data.
Collaborating with Finance, HR and business line leaders to gather and analyze performance data and ensure alignment with incentive plan provisions.
Calculating pro-forma payouts for proposed changes to plan design or business structure.
Assisting with the corporation's equity compensation plan accounting and various employee benefit programs.
Performing other related duties and projects as assigned.
All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation's risk management program. F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.
Minimum level of education required to perform the primary responsibilities of this position:
BA or BS
Minimum # of years of job related experience required to perform the primary responsibilities of this position:
3
Skills required to perform the primary responsibilities of this position:
Excellent project management skills
Excellent organizational, analytical and interpersonal skills
Ability to work and multi-task in a fast paced environment
Detail-oriented
Ability to use a personal computer and job-related software
MS Word - Basic Level
MS Excel - Expert Level
MS PowerPoint - Basic Level
Specialized knowledge of incentive compensation plans and accounting rules related to incentive compensation plans and knowledge of HRIS and general ledger systems preferred but not required
Licensures/Certifications required to perform the primary responsibilities of this position:
N/A
Physical requirements or work conditions beyond traditional office work:
N/A
Equal Employment Opportunity (EEO): It is the policy of F.N.B. Corporation (FNB) and its affiliates not to discriminate against any employee or applicant for employment because of age, race, color, religion, sex, national origin, disability, veteran status or any other category protected by law. It is also the policy of FNB and its affiliates to employ and advance in employment all persons regardless of their status as individuals with disabilities or veterans, and to base all employment decisions only on valid job requirements. FNB provides all applicants and employees a discrimination and harassment free workplace.
This position is primarily responsible for accurate accounting and reporting of employee compensation and benefit programs, with a specialized focus on the calculation of incentive compensation payouts across the corporation. This role is critical in ensuring the incentive compensation payouts are accurate and timely and align with plan performance metrics and internal policies.
Primary responsibilities include:
Calculating quarterly, semi-annual and annual incentive compensation payouts under the corporation's various short-term incentive compensation plans, ensuring calculations are in accordance with approved plans and performance metrics.
Validating data inputs and ensuring accuracy in calculations before processing payments.
Maintaining detailed reports of payouts with appropriate supporting documentation.
Maintaining and enhancing compensation models and tools to support efficient and accurate calculations for actual or pro-forma payouts.
Performing data validation and reconciliations to ensure accuracy and integrity of payout calculations.
Preparing and distributing detailed reports and analysis to stakeholders, including executive management.
Providing reporting and analysis on incentive compensation trends.
Assisting in the design and documentation of incentive compensation plans, policies, procedures and internal controls.
Supporting accrual forecasting and budgeting for incentive compensation expense.
Supporting internal and external audits related to incentive compensation programs.
Participating in the annual plan design and review process by providing analytical support and historical payout data.
Collaborating with Finance, HR and business line leaders to gather and analyze performance data and ensure alignment with incentive plan provisions.
Calculating pro-forma payouts for proposed changes to plan design or business structure.
Assisting with the corporation's equity compensation plan accounting and various employee benefit programs.
Performing other related duties and projects as assigned.
All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation's risk management program. F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.
Minimum level of education required to perform the primary responsibilities of this position:
BA or BS
Minimum # of years of job related experience required to perform the primary responsibilities of this position:
3
Skills required to perform the primary responsibilities of this position:
Excellent project management skills
Excellent organizational, analytical and interpersonal skills
Ability to work and multi-task in a fast paced environment
Detail-oriented
Ability to use a personal computer and job-related software
MS Word - Basic Level
MS Excel - Expert Level
MS PowerPoint - Basic Level
Specialized knowledge of incentive compensation plans and accounting rules related to incentive compensation plans and knowledge of HRIS and general ledger systems preferred but not required
Licensures/Certifications required to perform the primary responsibilities of this position:
N/A
Physical requirements or work conditions beyond traditional office work:
N/A
Equal Employment Opportunity (EEO): It is the policy of F.N.B. Corporation (FNB) and its affiliates not to discriminate against any employee or applicant for employment because of age, race, color, religion, sex, national origin, disability, veteran status or any other category protected by law. It is also the policy of FNB and its affiliates to employ and advance in employment all persons regardless of their status as individuals with disabilities or veterans, and to base all employment decisions only on valid job requirements. FNB provides all applicants and employees a discrimination and harassment free workplace.