Jr. Compensation Analyst - 72335

Jr. Compensation Analyst - 72335

Duration: 1 year (possibility of extension)

Location: Currently 100% Remote, possibility of changing to hybrid

Line of Business: Wealth Management

Mandate: The role is responsible for the timely calculation, processing and reconciliation of commission compensation for Mortgage Specialists (MSs). Completion of bi-weekly reporting for payroll submission, monthly sales reporting and yearly sales incentive calculations.

Must Have Skills:

• 2-3 years relevant experience

• Attention to detail

• Comfortable working with numbers

• Able to collaborate with immediate team as well as the team in MSPROGRAM and Pricing

• Strong knowledge of MS Office (EXCEL and ACCESS specifically)

Nice To Have Skills:

• Experience managing sales compensation plans is an asset

• Business-related degree/diploma

• Bilingual - Bill 96 Quebec Mortgage Specialists are required to have payroll in French

• Open to learning and positive attitude

Job Responsibilities:

• Administration of the sales compensation database

• Daily review of mortgage deals to ensure proper classification for compensation, including identifying new clients

• Investigation of commissions and general compensation questions coming from MSPROGRAM

• Respond to MSPROGRAM questions and emails on a timely manner

• Approving and implementing manual adjustments to compensation as required

• Processing business expenses for mortgage specialists against their compensation, for a Mortgage Specialist Assistants

• Review and action reports coming from the compensation database to ensure deals pay properly and amend compensation as required

• Review and action reports related to deal cancellations of mortgages and process recoveries from the MSs

• Review and action reports related to insurance cancellations and process recoveries from the MSs

• Review and action reports related appraisal fee violations and process recoveries from the MSs

• Produce bi-weekly payroll reports to be submitted to Alight

• Process insurance payouts including investigations with SunLife for missing deals and production of monthly invoice

• Produce monthly management reports

• Produce ad-hoc reports as required