Compensation Analyst
EMC Insurance Companies
full-time
Posted on:
Location Type: Remote
Location: United States
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About the role
- 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
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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
data analysisreportingcompensation analysisauditingdata validationperformance metricspayout calculationsprocess improvementsystem setuptesting
Soft Skills
communication skillsanalytical abilitiesproblem-solvingcritical thinkingorganizational abilitiesinterpersonal skillscollaborationpresentation skills