Relation is among the fastest-growing insurance brokers in the U.S. We work together to bring new products, capabilities and ideas to our clients, while preserving the local relationships and expertise that our clients have come to expect. Our employees and our clients are our top priorities…our success is built upon both and we take that seriously. We offer a competitive compensation package (including benefits), a collaborative team environment and growth opportunities.
We are looking for brilliant minds to come join us in a fast-paced, exciting work environment where having fun while working hard is part of our core values. Our culture encourages personal growth, and success. Are you a team player who enjoys challenging work? Do you believe the client always comes first? Come claim your future with a growing company that can help you be your best. Build a lasting connection with Relation!
The Compensation Analyst evaluates and analyzes commission data for accuracy and completeness. The person in this position is responsible for calculating compensation and incentive award payments of sales and eligible support associates based on compensation plan and incentive program provisions. This position performs activities needed for the implementation, calculation, tracking and reporting for commission and incentive programs, plans and policies.
A GLIMPSE INTO THE POSITION
•Calculates commission/incentive award payments for production and eligible support associates based on commission and incentive plan provisions.
•Runs and analyzes commission reporting from various sources, validates data and researches all exceptions.
•Leads support activities needed for the implementation, communication and administration of sales commission or incentive programs, plans and policies.
•Reviews commission payment reports for accuracy and completeness.
•Analyzes sales performance results, prepares commission statements, presentations and recommendations for sales and/or finance management.
•Uses spreadsheets, internal systems or dedicated computer programs to gather data for payment calculation or analysis.
•Ensures accuracy and timeliness of commission payments as outlined in the plan.
•Resolves reconciliation issues related to commission data and/or compensation payouts.
•Contributes to the development or improvement of systems to effectively track or capture data.
•Performs cost and/or trend analysis or modeling of alternative commission/incentive plan design or quota levels.
•Assists in other accounting or financial projects as communicated by the manager. May consist of data management, information gathering, operational or financial analysis, etc.
•Partners with Sales & Finance Leadership in the development and/or redesign of commission plans.
•Performs other duties and special projects as assigned.
• Excellent analytical and mathematical skills
• Excellent verbal and written communication
• Must have high level of interpersonal skills to handle sensitive and confidential situations
• Advanced user in Microsoft Office Suite, particularly Excel
• Advanced knowledge of pivot tables and complex formulas
• Requires consistent attention to detail
• Ability to interact with all levels of management, maintaining a high level of tact and professionalism
EDUCATION AND QUALIFICATIONS
• 4-year degree in Finance, Accounting, or Business Administration or equivalent work experience
• 3+ years’ experience in financial or data analysis, sales compensation and commissions calculations is preferable
• Working knowledge of accounting principals
• Knowledgeable of US regulatory pay requirements
• Experience using AMS 360, Salesforce, or related software a plus
Relation Insurance Inc. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.