Senior Agency Compensation Analyst, Commercial Property & Casualty

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EMC Insurance Companies

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1911

Insurance

EMC Insurance Companies is a mutual insurance firm providing specialized business insurance solutions. They focus on commercial property insurance, liability insurance, workers' compensation, and business owners' policies. With a strong emphasis on personalized service, EMC collaborates closely with local agents to deliver comprehensive and tailored coverage. EMC is committed to understanding the unique challenges faced by its policyholders, offering risk management and loss control resources to help businesses safeguard their assets. Known for their dedicated partnerships and exceptional customer service, EMC ensures that businesses are prepared for the unexpected with their superior insurance solutions.

📋 Description

• 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 • Serves as subject matter expert • Collects, audits, validates, and maintains agency compensation data from internal systems and external sources • 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 • 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 • 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

🎯 Requirements

• 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 of the property and casualty insurance industry and independent agency operations • 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

🏖️ Benefits

• Health insurance • 401(k) plan match • Pension plan • OneEMC bonus plan • Recognition and anniversary awards • Competitive paid time off plan • Full day of volunteer time off annually • 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