One of our major Banking clients is looking for a Compensation Analyst (Bank)
Length: 1 year contract with the possibility of extension or permanent.
Location: Toronto, ON - Remote
Working hours: Monday to Friday, 8:30am-5pm
LOB: Wealth Management
'The start date of this job is flexible and in order to find the best candidate the job may remain open much longer than the date mentioned on this posting... or you may be asked to start sooner than the expected start date if you are able to do so !'
Please read the job description below. If this interests you, please send a MS-Word version copy of your resume (ASAP) along with a telephone contact number: E-mail to ssingh@teamrecruiter.com
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The recruiter in charge of this role is Sunita
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Requirements:
JOB DESCRIPTION:
At our company, we have been helping our customers and communities for over 200 years. Working with us means being part of a team of talented, passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.
We are committed to an inclusive, equitable and accessible workplace. By embracing diversity, we gain strength through our people and our perspectives.
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.
KEY ACCOUNTABILITIES
Administration of the sales compensation database
Daily review of mortgage deals to ensure proper classification for compensation, including identifying new clients for banking.
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
Qualifications:
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
***DISCLAIMER***: No accounting or IT background
- 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
Please note that this is the most up to date version of job description available at this time - During Client Interview you will receive additional information - variance may apply!
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Have a great day.
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