Associate, Commission Analyst
Job Location:
Overland Park, KS - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
Job Requisition ID:94181
Location Designation:Hybrid - 3 days per week
Role Overview:
New York Life Insurance (NYL) is seeking a Commission Analyst to support the Institutional Life business. This professional role is responsible for analyzing compensation transactions evaluating commission-related business issues supporting operational controls and recommending process improvements that enhance accuracy efficiency and stakeholder experience. The position applies business knowledge analytical skills and judgment to resolve compensation matters identify trends and support modernization initiatives across Institutional Life.
WhatYoullDo:
Analyze commission and fee payment activity to ensure accuracy identify trends and resolve discrepancies.
Evaluate compensation-related issues and recommend solutions within established business and regulatory guidelines.
Perform reconciliation and financial analysis of commission and asset-based service fee payments.
Interpret compensation policies and procedures and provide guidance to internal stakeholders.
Develop reports dashboards and analyses to support operational decision-making and management reporting.
Identify process inefficiencies control gaps and operational risks; recommend improvements and assist with implementation.
Participate in cross-functional projects supporting compensation process modernization and system enhancements.
Gather document and validate business requirements for compensation-related process and technology initiatives.
Conduct root-cause analysis on recurring commission issues and recommend corrective actions.
Collaborate with Case Management Third-Party Distribution Finance Technology Compliance and Operations teams to resolve business issues.
Support user acceptance testing efforts by validating business requirements system functionality and data integrity.
Analyze the impact of compensation plan regulatory or business process changes and provide recommendations.
Prepare and present findings recommendations and status updates to management and business partners.
Ensure compliance with applicable regulatory requirements internal controls and company policies.
Handle special projects and analytical assignments as requested by management.
WhatYoullBring:
Bachelors degree in Accounting Finance Business Administration Economics or a related field and/or equivalent experience.
2 years of professional experience in compensation operations accounting finance insurance operations business analysis or a related discipline.
Strong analytical critical thinking and problem-solving skills.
Ability to analyze data identify trends and develop actionable recommendations.
Strong written and verbal communication skills.
Experience working with Excel and business reporting tools such as Tableau.
Ability to manage multiple priorities and work independently with moderate guidance.
Knowledge of commission administration accounting reconciliation or insurance operations preferred.
Experience supporting process improvement or business transformation initiatives preferred.
Education & Professional Development
Bachelors degree and/or equivalent experience.
Must have or obtain FINRA Series 6 designation within 12 months of hire.
Must have or obtain LOMA 1 and 2 within 12 months of hire.
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Pay Transparency
Salary Range:$58500 - $83500
Overtime eligible:Exempt
Discretionary bonus eligible:Yes
Sales bonus eligible:No
Actual base salary will be determined based on several factors but not limited to individuals experience skills qualifications and job location. Additionally employees are eligible for an annual discretionary addition to base salary employees may also be eligible to participate in an incentive program.
Please note: This role requiresFINRA licensedand/or FINRA Associated Person pre-hire fingerprinting.
Company Overview
At New York Life our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology- data- and AI-enabled organization we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communitiesinviting bold thinking collaborative problem-solving and purpose-driven innovation. Here youll find the rare balance of long-standing stability and forward momentum supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company we offer a place to grow your skills contribute to meaningful work and deliver solutions that matter. Your ideas drive whats next and your growth powers it.
Our Benefits
We provide a full package of benefits for employees and have unique offerings for a modern workforce including leave programs adoption assistance and student loan repayment programs. Based on feedback from our employees we continue to refine and add benefits to our offering so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Commitment to Inclusion
At New York Life fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities.Click here to learn more about New York Lifes leadership in this space.
Recognized as one of Fortunes Worlds Most Admired Companies New York Life is committed to improving local communities through a culture of employee giving and volunteerism supported by the proud that due to our mutuality we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life please visit the Careers page of .
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Job Requisition ID:94181
Required Experience:
IC
About Company
Protect and build your future with comprehensive one-on-one guidance from New York Life. Learn about our life insurance and financial product offerings.
