Parsons Corporation Senior Specialist, Incentive Compensation in Centreville, Virginia
Minimum Clearance Required to Start:
Senior Specialist, Incentive Compensation
We're seeking a solution-seeker
If you're looking for challenges that are as wide and deep as your skills and interests, you've found your opportunity. Come expand and explore in the directions your talents lead you. We couldn't be the thriving organization we are without resourceful problem-solvers like you.
It's an exciting time for Parsons as we transform from an employee owned engineering firm to a publicly traded technology company. To support this transition our Human Resources Department is transforming as well. Our Senior Specialist, Incentive Compensation will be a key contributor to the overall transformation of HR Services at Parsons.
The Sr. Incentive Compensation Specialist will be responsible for providing key operational support for Parsons' cash-based incentive programs and will serve as subject matter expert and program administrator. This role will assist in the design and development of plans, documents, communication and education and training. This role provides internal analytical expertise related to the compensation function, with an emphasis on cash-based incentive programs.
The successful candidate is motivated by projects that impact organization incentive programs and leverages previous related accounting experience in technical accounting and transactional processing and/or administration of cash incentive (broad-based and sales) programs. The position requires an individual who is ambitious, self-directed, and capable of working autonomously and across a broader cross functional team to achieve the goals of the function and the Company. The role has a mix of recurring responsibilities and initiative-based work.
This position can be based in our offices in Pasadena, CA, Charlotte, NC, or Centreville, VA. The right candidate can work remotely from their home if they prefer.
Administration of cash incentive compensation plans; short term incentive plans, sales compensation plans, deferral plans, and retention plans.
Partner with Finance on collection of short-term incentive metrics and associated data elements, to include scorecard details, targets, and results.
Partner with Systems to ensure successful Workday load of incentive data elements and ensure incentives and associated data elements are displayed, calculated, paid and communicated accurately.
Accurately track, monitor and report on budgets, participation and costs within each cash-based incentive program and partner with Finance and Payroll to meet reporting and payout deadlines on a monthly, quarterly and annual basis.
Development and distribution of opportunity and payout documentation and associated communications for all incentive participants.
Develop and distribute deferral plan statements.
Generate incentive models and reports using complex formulas in Excel.
Compile and analyze business relevant salary surveys and obtain comprehensive market data to analyze internal and external market practice and recommend incentive design and guidelines based on research and conclusions made from compiled research and client input.
Participates in the design and development of incentive plans, project requirements, and implementation of new programs.
Develops proactive incentive training and education materials for various audiences, promoting and supporting the incentive compensation program; and delivers incentive compensation training presentations.
Support Talent Leaders on requests from business leaders in collaboration on project participation and problem solving.
Works on a variety of compensation projects as assigned.
Bachelors' degree or equivalent in Business, Finance, Accounting or Human Resources from a four-year college or related field.
5+ years of progressive advanced professional experience in incentive compensation administration.
Incentive Compensation design, to include business development and product sales, experience preferred.
Day to day experience with Workday Advance Compensation.
Experience at a publicly traded company required
We're a community in which everyone feels free to participate
In our dynamic, collaborative organization, our inclusive environment encourages every member of our diverse staff to feel comfortable speaking out and sharing ideas. There are no glass ceilings - no limits to opportunities for anyone willing to share their skills and add their unique perspectives. In our respectful, appreciative workspace, even those who do not often speak out find their voice.
Parsons (NYSE: PSN) is a leading technology firm driving the future of defense, intelligence, and critical infrastructure. By combining unique technologies with deep domain expertise across cybersecurity, missile defense, space, connected infrastructure, and smart cities, we're providing tomorrow's solutions today.
With a history of disruption beginning in 1944, we apply our distinct perspective to help our customers confront the issues of tomorrow in every domain-land, sea, air, space, and cyber. Our range of capabilities and our global network of resources lets us layer and integrate solutions to respond to any challenge with unmatched agility. In a time of rapid change, we see infinite sources of inspiration to fuel our creativity and enable the innovation necessary to accomplish our quest of delivering a better world.
For more about Parsons, visit us at parsons.com and follow our quest on Facebook (https://www.facebook.com/parsonscorporation) , Instagram (https://www.instagram.com/parsonscorporation/) , Twitter (https://twitter.com/parsonscorp) , and LinkedIn (https://www.linkedin.com/company/parsons/) .
The anticipated annualized full time target compensation (median) for this position is: $90,000.00.Benefits for this position include: medical, dental, vision, paid time off, Employee Stock Ownership Plan (ESOP) and 401K.
Parsons is an equal opportunity, drug-free employer committed to diversity in the workplace. Minority/Female/Disabled/Protected Veteran/LGBTQ+. All qualified applicants will receive consideration for employment without regard to an individual’s race, color, religion, national origin, ethnicity, union affiliation, age, sex, sexual orientation, gender identity and expression, pregnancy, employable physical or mental disability, veteran status, genetic information, immigration status, or any other basis protected by all applicable laws.