Compensation Associate

Job Description

Job Description

Position: Compensation Associate

Reports to: Commissions Manager

Department: Simplicity Investments

Location: 3600 American Boulevard W, Suite 700, Minneapolis, MN / full-time, in-office

Classification: Full-time, Exempt

Summary / Job Objective: We are currently seeking a highly detail-oriented individual to join our fast-growing team as a full-time Compensation Associate.

Primary Responsibilities:

· Prepare and process daily compensation data, including statements and payout cycles, using standard templates or third-party systems

· Reconcile financial records and resolve discrepancies to ensure accurate and balanced ledger entries

· Maintain accurate client and compensation records, including setup, review, and electronic documentation of financial accounts

· Respond to and resolve compensation-related inquiries from internal team members and external financial professionals in a timely and professional manner.

· Ensure data integrity and compliance by reviewing, storing, and auditing compensation documentation

· Support audit readiness by preparing and organizing documentation for third-party financial audits

Qualifications:

· Background in finance, insurance, or accounting is preferred

· Industry Knowledge – Brings relevant background in finance, insurance, or accounting to support role effectiveness

· Willingness to work extended hours during peak processing periods

Core Competencies:

· Communication – Demonstrates strong verbal and written communication skills, with the ability to interact professionally across all levels

· Customer Service – Provides excellent service and support with a positive, solution-oriented approach

· Organization & Time Management – Effectively manages multiple tasks and deadlines in a fast-paced, high-volume environment

· Attention to Detail – Maintains accuracy and precision in work, particularly when handling numerical or financial data

· Team Collaboration – Works effectively both independently and as part of a team to achieve shared goals

· Analytical Thinking – Applies strong problem-solving skills to identify, analyze, and resolve issues

· Numerical Proficiency – Comfortable working with numbers and performing financial calculations

· Adaptability – Remains flexible and maintains a positive attitude in response to shifting priorities or high-pressure situations

· Resilience & Reliability – Performs steadily under pressure and is willing to commit extra time during peak periods

Compensation & Benefits

Compensation (based on experience)

· Annual base salary: $60,000 - $65,000, exempt

· Annual performance bonus target: 5%

Benefits

· Employee benefits (medical, dental, vision, life insurance, other)

· 401k with employer match

· Paid Time Off

Location : 3600 American Boulevard W, Suite 700, Minneapolis, MN / full-time, in-office

Headquartered in Summit, New Jersey, Simplicity Financial Marketing Group Holdings (“Simplicity Group”) is a financial holding company in the independent financial services sector that specializes in the distribution of retirement and financial planning solutions. Simplicity Group and its wholly-owned Broker-Dealer, partners with insurance and investment professionals to help provide consumers with guaranteed income and life insurance products, wealth accumulation strategies, disability, and long-term care protection in support of a holistic financial strategy.

Through its vast distribution network of insurance, wealth, and institutional channels, Simplicity Group has assisted with the placement of more than $10 billion of insurance assets and has $10 billion of assets under management and advisement as of Q4 2024. Simplicity Group is a fast-growing business, focused on organic growth initiatives to help its distribution partners expand their businesses. Simplicity Group has over 1,200 employees and 90 operating subsidiaries. Simplicity Group is owned by two of the leading San Francisco-based financial and tech-enabled services private equity firms and by its operating Partners, who help drive the company’s day-to-day business.

For more information, please visit simplicitygroup.com.

Company Description

Headquartered in Summit, New Jersey, Simplicity Financial Marketing Group Holdings (“Simplicity Group”) is a financial holding company in the independent financial services sector that specializes in the distribution of retirement and financial planning solutions. Simplicity Group and its wholly-owned Broker-Dealer, partners with insurance and investment professionals to help provide consumers with guaranteed income and life insurance products, wealth accumulation strategies, disability, and long-term care protection in support of a holistic financial strategy.\r\n\r\nThrough its vast distribution network of insurance, wealth, and institutional channels, Simplicity Group has assisted with the placement of more than $10 billion of insurance assets and has $10 billion of assets under management and advisement as of Q4 2024. Simplicity Group is a fast-growing business, focused on organic growth initiatives to help its distribution partners expand their businesses. Simplicity Group has over 1,200 employees and 90 operating subsidiaries. Simplicity Group is owned by two of the leading San Francisco-based financial and tech-enabled services private equity firms and by its operating Partners, who help drive the company’s day-to-day business.\r\n\r\nFor more information, please visit simplicitygroup.com.