Compensation Analyst
5 days ago
Job Title: Compensation Analyst
Location: Toronto, ON (Currently 100% Remote, possibility of changing to hybrid)
Duration: 12 months
Contract Type: T4 only
Pay Rate: CA$28.60/Hour
Job Description:
- 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.
Key Accountabilities
- Administration of the sales compensation database
- Daily review of mortgage deals to ensure proper classification for compensation, including identifying new clients to the client.
- 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
Job Requirements: Knowledge and Skills:
- Attention to detail
- Comfortable working with numbers
- 2-3 years relevant experience, Experience managing sales compensation plans is an asset
- Business-related degree/diploma
- business experience
- very entry level
- Self-motivated and able to meet deadlines
- 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 but not limited to:
- Bilingual - Bill 96 Quebec Mortgage Specialists are required to have payroll in French
- Open to learning and positive attitude
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