Responsible for administration and analysis of agency compensation programs by collecting, validating, and reporting compensation data while maintaining accurate records and overseeing program implementation. Evaluates 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. Leads the compensation team in strategic initiatives to optimize program effectiveness and drive continuous improvement through. Serves as subject matter expert.
Essential Functions:- Collects, audits, validates, and maintains agency compensation data from internal systems and external sources to ensure accuracy and completeness. Researches discrepancies in compensation records.
- Evaluates reports on agency compensation, performance metrics, and payout calculations for business stakeholders.
- Leads the maintenance and documentation of compensation models, agreements, and related materials. Leads the rollout and administration of new and/or updated compensation programs, including system setup and testing.
- Partners with agency partners and internal business teams on compensation related inquiries; leads and resolves assigned issues. Communicates technical system or cross team impacting issues and recommended resolution to leader.
- Maintains dashboards and reporting tools to track compensation usage, accuracy, and program adoption.
- Leads and partners with internal teams in defining and documenting business requirements, including developing UAT testing scenarios of Duck Creek for technical teams.
- Participates in process improvement initiatives and collaborates with cross-functional teams to support compensation program efficiency and effectiveness.
- Ensures all agency compensation programs and agreements comply with state and federal regulations, including EMC's internal systems. Collaborates with Legal and Compliance to address regulatory changes and mitigate risk. Develops and maintains documentation of agency compensation policies, procedures, and compliance protocols to support transparency and audit readiness.
- Drives continuous improvement by identifying EMC opportunities to enhance compensation programs, tools, and communication strategies. Attends industry workshops, webinars, and conferences on agency compensation trends and regulatory updates.
Education & Experience:- Bachelor's degree, preferably in finance, business, or related field, or equivalent relevant experience
- Five years of experience in compensation analysis, including 2 years' agency compensation experience
- Experience with data analysis and reporting
- Prior insurance or financial services experience
Knowledge, Skills, & Abilities:- Knowledge of the property and casualty insurance industry and independent agency operations
- Excellent verbal and written communication skills, including the ability to present information clearly
- Excellent 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
- Knowledge of reporting or visualization tools preferred
- Excellent Microsoft Office Suite skills, including proficiency with spreadsheets and data management tools
The hiring salary range for this position will vary based on geographic location, falling within either of the following:$78,726 - $108,771 or $87,008 - $119,646
A hiring range represents a subset of the full salary range. The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs.For information relating to the benefits EMC Team Members receive as part of a comprehensive rewards package, please visit www.emcins.com/careers
