Keeping insurance human

Compensation Analyst

AnalystAnalystFull TimeRemoteTeam 1,001-5,000Since 1911H1B No SponsorCompany Site LinkedIn

Location

United States

Posted

39 days ago

Salary

Not specified

Bachelor Degree2 yrs expEnglish

Job Description

• Supports administration and analysis of agency compensation programs by collecting, validating, and reporting compensation data while maintaining accurate records and assisting with program implementation • Generates reports and dashboards, researches data discrepancies, and ensures compliance with company policies and regulatory requirements • Collaborates with cross-functional teams to support compensation initiatives, enhance process efficiency, and deliver timely, accurate information to stakeholders • Enables the compensation team to optimize program effectiveness and drive continuous improvement through essential operational and analytical support • Collects, validates, and maintains agency compensation data from internal systems and external sources to ensure accuracy and completeness. • Prepares routine and ad hoc reports on agency compensation, performance metrics, and payout calculations for business stakeholders • Audits data for accuracy and completeness and researches discrepancies in compensation records • Supports the maintenance and documentation of compensation models, agreements, and related materials • Performs assigned components to support the rollout and administration of new and/or updated compensation programs, including system setup and testing • Responds to compensation related inquiries and resolves assigned issues for agency partners and internal teams • Maintains dashboards and reporting tools to track compensation usage, accuracy, and program adoption • Ensures compensation records and agreements are maintained in accordance with company policies and regulatory requirements • Participates in process improvement initiatives and collaborates with cross-functional teams to support compensation program efficiency and effectiveness

Job Requirements

Bachelor’s degree, preferably in finance, business, or related field, or equivalent relevant experience
Two years of experience in compensation analysis or related experience
Experience with data analysis and reporting
Prior insurance or financial services experience
Prior experience with agency compensation preferred
Knowledge of the property and casualty insurance industry and independent agency operations
Strong verbal and written communication skills, including the ability to present information clearly
Solid analytical, problem-solving, critical thinking, and organizational abilities
Effective interpersonal skills and ability to work collaboratively within teams
Ability to read and interpret agency-company contracts and compensation agreements preferred
Proficiency with spreadsheets and data management tools (such as Microsoft Excel)
Knowledge of reporting or visualization tools preferred
Strong Microsoft Office Suite skills

Benefits

Outstanding benefits with life, medical, dental, vision and prescription drug coverage
Competitive paid time off plan and a full day of volunteer time off annually
Financial incentives, including a 401(k) plan match, pension plan, OneEMC bonus plan and recognition and anniversary awards
Professional development and growth opportunities, including tuition reimbursement
Wellness initiatives to improve team member well-being and reduce health insurance costs
Flexibility to dress for your day and opportunities for alternative work arrangements