Compensation Analyst

sunlife; Southwestern Ontario; Hybrid; CAD 65,000 - 90,000; Full time

Benefits offered by this job

Best Workplace for Hybrid Work

Flexible Benefits

Pension, stock and savings programs

Job summary

Sun Life in Canada is seeking a Compensation Analyst for a 14 month contract within the Business Development Sales Compensation team in Group Benefits. You will calculate monthly and quarterly sales incentive bonuses, onboard new staff, and support reporting and inquiries, collaborating with HR, Finance and GB Operations.

The role involves documentation, process improvements, and presenting to regional teams. Strong Excel skills and confidentiality are essential for success.

Qualifications

• Post-secondary education or equivalent 3-5 years work experience.
• Advanced Microsoft Excel skills (VLOOKUP, pivot tables, formulas, macros).
• Strong mathematical, analytical and financial modeling skills.

Responsibilities

• Accurately and precisely calculate monthly and quarterly sales incentive bonuses.
• Onboard new sales staff with 1:1 training on their sales incentive plan.
• Provide ongoing support resolving calculation-related inquiries and exceptions.
• Maintain and enhance process documentation and tools.

Skills

Highly organized

Detail oriented

Excellent communication

Problem solving

Independent worker

Team player

Confidentiality

Education

Post-secondary education or equivalent 3-5 years work experience

Tools

Excel

Job description

You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do.

At Sun Life, we're driven by our Purpose: helping our Clients achieve lifetime financial security and live healthier lives. Our values shape how we work: caring, authentic, bold, inspiring, and impactful.

When you join Sun Life, you'll work with passionate colleagues and empowering leaders who support your growth and celebrate your contributions, so you can make a meaningful difference in our Clients' lives.

Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

** This is a 14 month contract opportunity

The Business Development Sales Compensation team is responsible for the administration of the Business Development Sales Incentive Plan (SIP), within Group Benefits.

Reporting to the Manager of Sales Compensation, the Compensation Analyst with will join a team that is responsible for the calculation of all incentive payments, onboarding new employees to the program, and supporting the sales team with inquiries, reporting and tools.

The team partners with various areas such as HR, Finance, and GB Operations to obtain the necessary information in order to complete our end to end incentive payment process.

What will you do?

• Accurately and precisely calculate monthly and quarterly sales incentive bonuses
• Calculate Sales Recognition Conference points on a quarterly basis to determine who is on track to qualify for the Conference
• Work with the Manager of Sales compensation on quarterly earnings reporting
• Onboard new sales staff with 1:1 training on their sales incentive plan to ensure they know the plan details, how it's administered, and reporting available
• Provide ongoing support in resolving calculation-related inquiries and exceptions with the sales teams
• Maintain and enhance process documentation
• Identify and participate in process improvement projects
• Develop and maintain tools that support sales staff
• Attend / present sales staff training sessions (joining Regional team meetings to present on compensation, help present to new hires at AE Academy)
• Support the planning of the Sales Recognition Conference as required
• Partner with HR and Finance on quarterly and annual reporting as requested
• Support the Manager of Sales Compensation with modelling of potential plan changes

What do you need to succeed?

• Highly organized
• Detail oriented
• Computer and tech savvy
• Excellent communication with professional demeanor and phone manner
• Superb response to inquiries with the ability to question items and possessing an ongoing process improvement mindset
• Ability to work both in a team environment and independently with little direction
• Outstanding initiative
• Ability to maintain confidential information
• Post-Secondary education or equivalent 3-5 years work experience
• Advanced Microsoft Excel skills (e.g., V-lookup, pivot tables, formulas, formatting, macros )
• Strong mathematical, analytical, problem solving and financial modeling skills, with an eye for detail and accuracy
• Ability to handle confidential information in a professional and discreet manner
• Excellent written and oral communication
• Ability to develop and maintain strong relationships with a customer focus
• Excellent initiative to plan and manage work independently, including proactively solving problems and identifying ways to improve work processes and practices
• Process driven, yet able to be resourceful and adaptable
• Ability to deliver on commitments working independently to meet tight deadlines
• Able to multi-task and adjust to shifting priorities, demands and timelines
• Flexibility with hours to meet deadlines.

What's in it for you?

• We're proud to be a Best Workplace for Hybrid Work by Great Place to Work® Canada
• Be part of our continuous improvement journey in developing the next greatest digital enterprise experience that is united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives.
• Flexible Benefits from the day you join to meet the needs of you and your family.
• Pension, stock and savings programs to help build and enhance your future financial security.

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sa