Senior Associate, Field Compensation Systems and Operations

Job Requisition ID:94369

Location Designation:Hybrid - 3 days per week

Role Overview:

The Senior Associate is a key member of the Field Compensation team responsible for supporting the administration execution and continuous improvement of New York Lifes field compensation programs. This role serves as the primary resource for translating approved compensation plan designs into the Varicent Incentive Compensation Management (ICM) platform while ensuring accurate timely and compliant compensation administration.

Working closely with Compensation Strategy Technology Finance Delivery teams and business stakeholders the Senior Associate will configure and maintain compensation plans within Varicent support compensation operations perform testing and validation and contribute to modernization initiatives that improve scalability automation and operational efficiency. The ideal candidate combines strong technical aptitude with analytical thinking and an understanding of incentive compensation administration.

What Youll Do:

Configure maintain and enhance compensation plans within the Varicent Incentive Compensation Management (ICM) platform.

Translate approved compensation plan designs and business requirements into scalable system configurations and calculation logic.

Perform configuration changes regression testing user acceptance testing (UAT) and production validation to ensure accurate compensation calculations.

Support monthly quarterly and annual compensation processing activities ensuring accuracy timeliness and adherence to established controls.

Investigate troubleshoot and resolve compensation calculation issues in partnership with business and technology teams.

Develop and maintain documentation for system configurations business rules testing results and operational procedures.

Support audit requests by maintaining appropriate documentation controls and reconciliation processes.

Participate in compensation modernization initiatives by identifying opportunities for automation process optimization and enhanced reporting.

Leverage AI-enabled tools and data analytics to improve testing documentation operational efficiency and compensation insights.

Contribute to continuous improvement initiatives that strengthen governance operational excellence and the employee experience.

What Youll Bring:

Required Skills:

Bachelors degree in Business Finance Information Systems Computer Science Mathematics or a related field.

57 years of professional experience in compensation operations incentive compensation administration financial systems business systems analysis or related analytical roles.

2 years of experience configuring or supporting Incentive Compensation Management (ICM) systems with Varicent experience strongly preferred.

Experience translating business requirements into system configurations calculation logic and technical specifications.

Strong analytical and problem-solving skills with the ability to interpret complex compensation plans and large data sets.

Experience performing system testing regression testing defect analysis and production validation.

Advanced Excel skills and experience working with large datasets; familiarity with Python SQL Access or other data analysis tools is a plus.

Excellent organizational skills with the ability to manage multiple priorities in a fast-paced environment.

Strong attention to detail and commitment to data accuracy quality and operational excellence.

Excellent written and verbal communication skills with the ability to collaborate across business and technical teams.

Demonstrated ability to work independently while contributing effectively within a collaborative team environment.

Preferred Skills:

Varicent Incentive Compensation Management (ICM) configuration experience.

Experience supporting incentive compensation programs within financial services insurance or other sales-driven organizations.

Experience with Agile project methodologies and change management practices.

Familiarity with data visualization and reporting tools such as Power BI or Tableau.

Experience with SQL or other query languages.

Experience using AI-enabled productivity or analytics tools to improve business processes.

Job Level:LEVELPF4

Pay Transparency

Salary Range:$100000-$143000

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.

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 .

Job Requisition ID: 94369