Associate, Commission Analyst

Commission Analyst

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.

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.

Ensure good order and compliance of Licensing and Contracting (L&C) status.

Facilitating renewal requests for L&C appointments and requirements as applicable.

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.

Bachelor's degree in Accounting, Finance, Business Administration, Economics, or a related field is strongly preferred.

2+ years of professional experience in compensation operations, accounting, finance, insurance operations, business analysis, or 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.

Bachelor's degree or an equivalent combination of education and relevant experience is required.

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.

Salary Range: $58,500 - $83,500

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 individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.