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In short, yes.

Members of the Church of Jesus Christ of Latter-day Saints (the "Mormon" church) believe that Jesus Christ's atonement (that is, the suffering in the garden, crucifixion on the cross, and resurrection) is what makes it possible for all men to be forgiven of their sins, be perfected, and receive salvation. Through His atonement, Jesus Christ paid the debt in full. However, this is often misunderstood because Mormons also believe that 'works' are necessary. While our salvation is paid for, Jesus Christ can require that we are obedient to His commandments - not to qualify for salvation or earn heaven, but to show our appreciation for His gift, to take full advantage of that gift, and to prepare for heaven. We should do our best to show Jesus our appreciation for His gift of salvation, and allow His grace to heal and transform us as a witness of our faith in His atonement.

This is explained wonderfully in a BYU devotional sermon given by Brother Brad Wilcox called "His Grace is Sufficient", you may look it up on Google or YouTube if you are interested.

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