Specialized Compensation - Mississauga, Canada - Royal Bank of Canada

Royal Bank of Canada
Royal Bank of Canada
Verified Company
Mississauga, Canada

2 weeks ago

Sophia Lee

Posted by:

Sophia Lee

beBee Recruiter
Description

Come Work with Us
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.


Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.


Job Title
Specialized Compensation


What is the opportunity?


This position is responsible for the service and administration of specialized compensation programs to support the calculation and payment of Variable compensation to internal Sales Advisors.


What will you do?

  • Research, Investigate and resolve inquiries related to specialized compensation programs as detailed in the Sales Variable Compensation Plans
  • Support training and assist with escalations and complex inquires related to 3rd party advisor Incentive qualifications
  • Manually calculate & process compensation adjustments required to support correction of payments, escalations, nonstandard agreements and approved exceptions
  • Create, manage and/or update spreadsheets utilized to support payments or tracking of manual processes required to support management of business operation
  • Collaborate with business partners and other members of LCCS team to effectively manage and resolve cross functional issues
  • Escalate any contracting or compensation issues of concern as it affects client experience, Privacy, Operational and reputational risk or financial outcomes to LCCS Management

What will you need to succeed?
Must have

  • Minimum 2 years business experience ideally within Insurance Operations
  • Minimum 2 years customer service experience
  • Post-Secondary education or equivalent or business experience
  • Ability to manage multiple tasks and prioritize within a changing environment
  • Excellent problem solving skills
  • Ability to work under pressure of deadlines and fluctuating workloads
  • Knowledge and understanding of Insurance business operations specific to Contracting, Licensing and Compensation
Nice to have

  • Bilingual
  • Fasat and Ingenium knowledge

What's in it for you?

  • A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
  • Competitive pay and highearning potential
  • All the tools, training, and team support you need to grow your career
  • Flexible work/life balance options
  • Sophisticated RBCI software tools to boost your productivity

Job Summary


Contracting, Licensing and Compensation (LCCS) is a team of professionals with pooled experience and cross functional capabilities who offer enterprise-wide support services related to the set-up, maintenance and payment of compensation to advisors for all lines of business.

The Specialized Compensation Role within the Proprietary Compensation Team is responsible for the accurate execution and payment of variable compensation to internal Sales Representatives and advisors.


Address:

MISSISSAUGA, Ontario, Canada


City:

CAN-ON-MISSISSAUGA


Country:

Canada


Work hours/week:

37.5


Employment Type:

Full time


Platform:

Insurance


Job Type:

Regular


Pay Type:

Salaried


Posted Date:


Application Deadline:


Inclusion
and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth.

We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.

We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.


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