Compensation Analyst

Sun Life Assurance Company of Canada; Toronto; Hybrid; CAD 54,000 - 91,000; Full time

Job summary

A leading insurance company in Toronto is seeking a skilled Compensation Analyst for an 18-month contract. The role involves calculating sales incentives, supporting new sales staff training, and collaborating with various departments. Candidates should have experience in financial modeling and advanced Microsoft Excel skills. The position offers a salary range of $54,000 to $91,000, along with a hybrid work model for flexibility.

Benefits

Career advancement opportunities

Flexible work arrangements

Inclusive work culture

Qualifications

• Strong computer skills with advanced Microsoft Excel capabilities.
• Ability to meet deadlines and adapt to shifting priorities.
• Experience in financial modeling and process improvement.

Responsibilities

• Calculate monthly and quarterly sales incentive bonuses.
• Support onboarding of new sales staff with training.
• Assist with quarterly earnings reporting and process documentation.

Skills

Highly organized

Detail-oriented

Tech-savvy

Excellent communication skills

Responsive to inquiries

Analytical skills

Problem-solving skills

Customer-focused relationships

Education

Post-secondary education or equivalent

3-5 years of work experience

Tools

Microsoft Excel

Excel V-lookup

Excel pivot tables

Python

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

Job Description:

• This is an 18-month contract opportunity.

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

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

The team collaborates with HR, Finance, and GB Operations to gather necessary information to complete the 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 quarterly to identify who qualifies for the Conference.
• Assist the Manager of Sales Compensation with quarterly earnings reporting.
• Onboard new sales staff with 1:1 training on their sales incentive plan, ensuring they understand the plan details, administration, and reporting.
• Support ongoing resolution of calculation-related inquiries and exceptions from the sales teams.
• Maintain and improve process documentation.
• Participate in process improvement projects.
• Develop and maintain tools that support sales staff.
• Attend and present at sales staff training sessions, including regional team meetings and new hire orientations at AE Academy.
• Support planning for the Sales Recognition Conference as needed.
• Partner with HR and Finance on quarterly and annual reporting as requested.
• Assist the Manager of Sales Compensation with modeling potential plan changes.

What you need to succeed

• Highly organized and detail-oriented.
• Tech-savvy with strong computer skills.
• Excellent communication skills with a professional demeanor and phone manner.
• Responsive to inquiries, with a mindset for ongoing process improvement.
• Ability to work independently and in a team environment.
• Outstanding initiative and confidentiality.
• Post-secondary education or equivalent with 3-5 years of work experience.
• Advanced Microsoft Excel skills (e.g., V-lookup, pivot tables, formulas, macros).
• Strong analytical, problem-solving, and financial modeling skills with attention to detail and accuracy.
• Ability to build and maintain strong customer-focused relationships.
• Proactive planning and work management skills, including problem-solving and process improvements.
• Ability to meet deadlines, multitask, and adapt to shifting priorities and timelines.
• Flexibility with working hours to meet deadlines.

What's in it for you

In 2025, Sun Life ranked among the top 100 most sustainable global corporations by Corporate Knights for the 16th consecutive year, leading Canadian insurers.

We are proud to be recognized on the 2024 Best Workplaces in Canada list by Great Place to Work.

Join a caring, supportive, and inclusive culture committed to helping Clients and Employees achieve lifetime financial security and healthier lives.

Enjoy opportunities for career advancement and networking.

The salary range for the primary location is $54,000 to $91,000, depending on experience and location. In addition to base pay, eligible employees participate in various incentive plans, which are discretionary and based on individual and company performance. Sales-focused roles may have sales incentive plans based on individual or group results.

At Sun Life, diversity and inclusion are core values. We welcome applicants from all backgrounds. Persons with disabilities needing accommodations in the application process or job postings in alternative formats can email us for assistance.

We offer a hybrid work model, providing flexibility to work from both office and virtual settings, depending on role requirements and individual needs.

We appreciate all applicants' interest. Only those selected for an interview will be contacted.

Salary Range: $54,000 - $91,000

Job Category: Business Analysis - Process

Posting End Date: 26/06/2025

Required Experience: 3-5 years

Key Skills: ArcGIS, Intelligence Community Experience, GIS, Python, Computer Networking, Data Collection, Intelligence Experience, R, Relational Databases, Analysis Skills, Data Management, Application Development

Employment Type: Full-Time

Vacancy: 1