Associate Director, Bonus Compensation - Wellesley

Compensation

: $108,380.00 - $167,060.00 /year *

Employment Type

: Full-Time

Industry

: Executive Management



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Job Description:

This position plays a critical role in the development and administration of Bonus Incentive Compensation programs. This role is responsible for administration of the Annual Broker Bonus Program, Sales Incentive Plans, Special Incentive programs, TPA Bonus Program and the Dental Network Bonus Program. This includes the annual plan design, system testing, data reconciliation and payment as well as customer service. Oversight of Sarbannes Oxley controls and MEUC (model end user calculator) compliance are key components of this role. This role is also responsible for supporting the license and appointment process for Distribution.

The essential functions and responsibilities of this job position include, but are not limited to the following:

  • Collaborate with Distribution, IT, Finance and HR to define annual Bonus Incentive Compensation Plans
  • Ensure that the Bonus Compensation Administration is appropriately aligned with goals, financially prudent, properly authorized, communicated and implemented
  • Lead successful system testing of Bonus Incentive Compensation Plans, representing Client Services.
  • Responsible for BIF data reconciliation including new sales, renewals, ABs and cancellations totaling $4B. This role will identify any data issues and partner with internal teams to implement resolution.
  • Calculate and pay 50 Special Broker Bonus Plans
  • Ensure timely and accurate compensation payments
  • Ensure Key Controls are in place for all processes and are performed regularly
  • Annual Oversight of Sarbannes Oxley processes including review of documentation and leading audit efforts
  • Complete MEUC assessment process as needed
  • Deliver excellent customer service to external Brokerage Firms and Internal Distribution organization, including training and issue resolution
  • Provide Quarterly Management reporting and trend analysis
  • Supports ad hoc data and analysis requests
  • Coordinate Licensing and Appointment efforts for Distribution organization
  • Manages a team of Business and Senior Business Analysts
  • Position Requirements and Qualifications:

    Specialized Knowledge/Skills:

  • Superior analytic skills ability to work with large data sets from multiple sources
  • Excellent presentation skills present analyses/findings in a compelling manner
  • Ability to work cross functionally and collaborate effectively with business partners
  • Strong communication and interpersonal skills
  • Ability to manage competing priorities work effectively and independently within time constraints
  • Detailed oriented with strong organizational skills
  • Strong management skills ability to delegate and develop staff
  • Insurance and/or business specific knowledge/experience a plus
  • Education/Experience

  • BA/BS degree
  • 5+ years of business analysis and/or financial analysis
  • High level of integrity and confidentiality
  • Knowledge of the insurance or financial services industry preferred
  • Compensation experience a plus
  • Disability RMS is an equal employment and affirmative action employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law.

    Sun Life Financial is committed to building a diverse and inclusive company culture. Sun Life Financial is a leading provider of group insurance benefits in the U.S., helping people protect what they love about their lives. More than just a name, Sun Life symbolizes our brand promise of making life brighter for our customers, partners, and communities. Join our talented, diverse workforce and launch a rewarding career. Visit us at www.sunlife.com/us to learn more.


    Sun Life Financial (U.S.) Services Company, Inc. is a federal contractor subject to Executive Order 11246, Section 4212 of the Vietnam Era Veterans Readjustment Assistance Act of 1974, as amended, and Section 503 of the Rehabilitation Act of 1973, as amended. As such the company is committed to taking positive steps to implement the employment-related aspects of the company s equal employment opportunity policy. It is the company s policy to take affirmative action to employ, advance in employment, and otherwise treat qualified minorities, females, protected veterans, and individuals with disabilities without regard to their race/ethnicity, sex, veteran status, or disability.

    Job Category:

    Finance

    Posting End Date:

    21/07/2019
    Associated topics: administrative assistant, administrative staff, assist, assistant, asso, beverage, chief operations officer, front office, operational support, operations director * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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