Senior Analyst Sales Compensation
Senior Analyst Sales Compensation
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$ 101600 - 127000
1 Vacancy
Job Description
Insurance is a trillion dollar market that is fundamental to society yet it has not modernized until now.
Newfront is building the modern insurance experience.
Weve reimagined the experience for clients prospects and employees altering the way people create understand select transact and use insurance. Were changing the approach so that it starts and ends with the client not the product and empowering people for moments that matter.
Our unique approach recognizes both the vast potential of technology and the fundamental role of insurance experts. Were a technologydriven company with DE&I in our DNA and strong values; we believe people matter most.
Our mission is to define the future of the insurance industry while instilling a high performance culture in combination with living our Work Love Play ethos each day. We value balanced lives and are passionate about creating a culture of wellness that results in healthier happier and more productive employees and more successful clients.
The Newfronts Accounting and Finance team is a group that is passionate about numbers! We work collaboratively within our group and also with creative expert teams across the organization. We are committed to the professional development of our team members.
The Senior Analyst for Sales Compensation will be primarily responsible for producer compensation calculation and Quarterly referral calculation. This position is a salaried exempt and fulltime role and will be reporting to the Finance Manager. This position is based in our San Mateo CA office location with the option to work in the office fulltime or on a hybrid basis.
What Youll Be Responsible For:
Calculate monthly producer sales compensation and quarterly referral commissions in a timely and accurate manner.
Support the monthend close process including booking producer compensation payables and performing reconciliations to ensure data is reviewed and updated appropriately.
Collaborate with crossfunctional teams and producers to track and calculate client commission rebates.
Maintain various producer compensation plans to ensure accuracy in CaptivateIQ & Vena.
Assist in the development and ongoing maintenance of the producer compensation reporting tool (CaptivateIQ & Vena) contributing to continuous improvements.
Work closely with producers on adhoc requests and projects as needed to deliver a high level of service to our sales partners.
Identify opportunities to streamline sales compensation processes implementing best practices and automation where possible.
Partner with the data and service teams to identify data discrepancies and manage the review and corrections process.
Own and conduct regular audits of sales compensation and operations processes to ensure compliance and accuracy.
Perform other duties and tasks as assigned.
To perform this position successfully an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
Qualifications:
Ability to multitask efficiently and to be flexible with everchanging priorities and deadlines.
Must work well with others in a fastpaced customer service oriented environment and be responsive to coworkers and colleagues. Must also work independently with minimal supervision and have the ability to take initiative and create solutions.
Proficiency in Microsoft Office products such as Word Excel and PowerPoint.
Familiarity with compensation software (e.g. CapitaveIQ) a plus.
Strong organizational skills and attention to detail.
Excellent verbal and written communication skills.
Active participation as a Newfront team member suggesting improvements in processes and procedures and ways to make the organization better.
Preferred Knowledge Skills and Abilities:
3 year of accounting/sales commission experience.
Excellent analytical and problemsolving skills with strong attention to detail.
The pay range for this position in California Washington Colorado and New York at commencement of employment is expected to be between $101600 and $127000/yr; however base pay offered may vary depending on multiple individualized factors including market location jobrelated knowledge skills and experience. The total compensation package for this position may also include other elements including a bonus restricted stock units and discretionary awards in addition to a full range of medical financial and/or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired employee will be in an atwill position and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance Company or individual department/team performance and market factors.
At Newfront we are committed to hiring diverse talent and supporting an inclusive workplace environment. If you are excited about a role at Newfront but feel youre missing a few of the qualifications we still encourage you to apply and tell us about yourself. You may just be the next Newfront team member that we are looking for!
Newfront is proud to be an equal opportunity workplace. Diversity is in our DNA and we believe that creating an inclusive workplace elevates the value we are able to bring to our customers and employees alike. All qualified applicants will receive consideration for employment without regard to age race color religion sex sexual orientation gender identity national origin genetic information disability veteran status or any other applicable status protected by state or local law.
If you require reasonable accommodations throughout the application or interview process please contact us at For information regarding how Newfront collects and uses personal information please review our .
Required Experience:
Senior IC
Employment Type
Full-Time
