Senior Analyst, Distribution Compensation Effectiveness

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Sun Life Retail Advice & Solutions is one of the leading financial institutions that offer Canadians holistic advice and solutions including insurance, wealth and health. The Distribution Compensation Effectiveness team is the strategic owners of advisor and sales leader compensation design, delivery, monitoring and governance.

Reporting to the AVP, Distribution Compensation Effectiveness, the Senior Analyst will provide primary support on quantitative design and analysis activities to demonstrate the overall effectiveness of various distribution compensation programs, play a role in managing the ongoing governance frameworks and executing strategic changes. This role provides an excellent career development opportunity to gain experience in the Retail Insurance and Retail Wealth industry in Canada, with direct exposure to business data, distribution compensation insights and senior business leader decision-making.

What will you do?

Strategic analysis & design

• Engage in financial analysis and modelling of compensation activities to gauge the need for updates to compensation design and create business cases for leadership to support these changes
• Decompose problem statements into a set of hypotheses and potential solutions, validating through both quantitative (e.g., financial analysis, impact analysis) and qualitative analyses (e.g., competitor benchmarking and case studies, sourcing and synthesizing expert perspectives)
• Lead problem solving sessions, workshops and interviews with subject matter experts to bring in new perspectives, creative ideas, and practical approaches to problems and issues
• Synthesize qualitative and quantitative analytical results to guide recommendations and inform strategic decision making
• Communicate findings and recommendations succinctly in a compelling storyline that facilitates productive discussion and decision making among senior executives

Monitoring & reporting

• Maintain and enhance a compensation monitoring dashboard, this includes leading process improvements and engaging in timely reporting
• Monitor sales results vs costs, advisor and field leader attrition, teaming, potential gaming signs, exceptions, strategic action bonuses, NAFYC and dealer revenue, presenting key findings to leaders and proposing solutions in line with risk management strategies
• Lead competitive intelligence, benchmarking, and research on advisor compensation trends within the industry
• Create clear, structure presentation and other formal communications that draw out key messages and supporting data

Managing & execution

• Facilitate governance meetings with multiple stakeholders to share insights, gather input, manage compensation plan cycle, while ensuring alignment on recommendations with clear action ownership
• Develop and execute change management plans for strategic initiatives and plan enhancements
• Lead and execute key areas of change plans including policy updates, stakeholder communications, and partnership with technology teams to drive successful implementation

What do you need to succeed?

• Strong creative and analytical problem solver, with a solid background working with data, conducting quantitative and qualitative analysis, interpreting results, and writing reports/presentations to executive audiences
• Experience in quantitative and financial analytics, including using modelling tools and techniques is an asset
• Strong knowledge of distribution, wealth and /or insurance space; previous compensation design experience is an asset
• Resourceful and rapid learner, able to work across many topics and domains
• Excellent oral and written communication and presentation skills
• Strong interpersonal skills; able to effectively collaborate with multiple stakeholders across multiple teams
• Minimum 3-5 years of relevant business experience, ideally within insurance or financial services; knowledge of Sun Life’s businesses would be an asset
• University degree in business or related discipline; MBA or other relevant advance degree is an asset

What’s in it for you?

• We’re proud to be a Best Workplace for Hybrid Work by Great Place to Work® Canada
• Be part of our continuous improvement journey in developing the next greatest digital enterprise experience that is united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives.
• Flexible Benefits from the day you join to meet the needs of you and your family.
• Pension, stock and savings programs to help build and enhance your future financial security.

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our Clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process, or those needing job postings in an alternative format, may e-mail a request to thebrightside@sunlife.com.

We are proud to be a hybrid organization that offers our employees the choice and flexibility to work from both the office and virtually based on the needs of the business, our Clients and you! Several work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We may use artificial intelligence to support candidate sourcing, screening, interview scheduling.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

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