Manager, Field Compensation

CHUBB
ON, Canada
$90K-$110K a year (estimated)
Full-time

Coaching and Mentoring

  • Provide day to day and motivational support and lead the Field Accounting Services team
  • Coach / develop / train the team to achieve their developmental goals
  • Actively seeking opportunities to strategically acquire and develop talents in the area of compensation redesign

Business Partnering

  • Act as the main point of contact for the third-party businesses partnering with the Compensation department.
  • Review Bi-weekly and monthly third-party reports
  • Audit payment calculations paid to our field force by third party business partners
  • Partnership with Agent Experience team and increased engagement with recruiting for regular feedback and planning to deliver improvements to agent experience whether through changes to processes, tools or improved training / job aide resources.

Compensation Disbursement

  • Monitor daily operations of the department
  • Ensure compensation processing consists of accurate calculations and withholdings
  • Assist with the setup of compensation calculations, earnings, deductions, and garnishments
  • Review and approve bi-weekly work force statements
  • Review monthly reconciled accounts
  • Generate compensation data reports for executive review and various audits
  • Review and approve weekly journal entries
  • Analyze current processes and recommend improvements
  • Manage special projects within the Compensation system

Finance Transformation and Compensation Redesign

  • Lead role in transformation of the Field Compensation area to be more strategic, business partnership, compensation redesign and analytics focused.
  • Streamline routine processes through automations / technologies.
  • Recommendation and implementation of agent compensation redesign to enhance the agent value proposition, through detailed review / analytics / industry study etc.
  • Lead Compensation related projects to establish compensation dashboard / reporting within Power BI to supplement aging MyReports and statements to deliver a more clear compensation reporting experience to salesforce with the vision to incremental improvement toward best in class reporting.

Year End :

  • Calculate, prepare, and print yearly tax forms to the field force (T4A / RL1)
  • Create executive summaries and yearly reconciliations
  • Bilingual in French and English a strong asset
  • Bachelor’s degree in Accounting / Business
  • 3+ years of management experience
  • Compensation and insurance industry knowledge
  • Proven experience in leading high performing teams
  • Experience in coaching and developing staff
  • Versatile and flexible, and a willingness to work within a fast-paced and changing environment.
  • Strong MS Office skills with a focus on Excel and VBA macros
  • Self-starter with excellent time management skills who can prioritize multiples deliverables to meet timelines
  • Strong attention to details, intellectually curious to understand drivers and root causes behind the numbers
  • Collaborative team player and ability to communicate well with all levels of management
  • Excellent written and verbal communication skills
  • 19 days ago
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