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Senior Commission Analyst at Chubb

Posted in General Business 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Chicago, Illinois





Job Description:

Combined Insurance, a Chubb Company is seeking a Sr. Commission Analyst to join our fast-paced, high energy, and growing company. For nearly 100 years in the insurance industry, our company has been passionate about serving our customers and providing them peace of mind and protection when they need it the most. Come build your career here, along with other positive, hard-working, talented professionals?just like you!
 
Position Summary:
This role is for an experienced commission specialist. The main area of responsibilities will be around Worksite/Group compensation components with an emphasis on managing the broker payments process. The responsibilities are both analytical and clerical in nature. This position also requires Review of team structure and tasks to establish and manage KPIs (Key Performance Indicators).
Responsibilities:
 


  • Process broker commission payments on a weekly, biweekly and monthly basis.

  • Maintain broker hierarchical relationships in administration system.

  • Keep track of broker advance balances and report to business partners monthly.

  • Monitor system to system interface and control reports to ensure payments are processed accurately.

  • Update access database with broker commission files on a weekly basis.

  • Set up compensation on request by case and advance allocation by agent/broker.

  • Manage terminated/vested comp which includes the set-up process and terminate comp per the contractual obligation for agents.

  • Identifying process and policy improvements; including develop KPIs for each role.

  • Manage and coach team members on accuracy and performance metrics.

  • Responding to HR, management and colleague inquiries regarding impact of compensation concerns to ensure continuous process improvement & internal customer satisfaction.

  • Collaborate with IT on implementing comp related projects, including the review and documenting business requirements.

  • Review proposed compensation changes and product summaries, ability to articulate what the changes are and/or impacts and develop a solution with IT and the worksite business partners.

  • Conduct User Acceptance Test for compensation changes.

  • Attend and facilitate meetings with management to discuss related comp issues

Skills:


  • Analytical - strong analytical skills; demonstrates the ability to perform routine to moderately complex compensation-related analysis and make recommendations in support of analysis.

  • Ability to learn and understand Company organizational structures quickly and adapt to changing environments. Ability to work with all levels of management

  • Advanced proficiency using MS Office Suites (Excel, Word, PowerPoint, and Access). Must be able to perform complex functions within Excel in order to manipulate and calculate data for analysis.

  • Excellent communication and organizational skills.

  • Able to work independently with limited supervision.

  • Strong attention to detail with high regard for accuracy and confidentiality

  • Possess advanced problem-solving skills and abilities

  • Excellent planning organization and time managing.

  • Project Management Support


  • Team Lead or People Leader experience.


Education and Experience:



  • Bachelor's degree and/or equivalent work experience required.

  • 5+ years of relevant experience (Commission Payroll, Benefits, HR, HRIS, or Finance)


 
OUR BENEFITS:
As a Combined corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. Our Company is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees: 
Health insurance
Dental insurance
Tuition reimbursement
Study hours for actuarial exams
A company-match 401(k) plan
Disability insurance
Life insurance
Employee referral bonuses
 
ABOUT COMBINED INSURANCE
Combined Insurance is a leading provider of individual supplemental accident, disability, health and life insurance products. With a field sales force and corporate staff in excess of 5,000 people worldwide, Combined Insurance meets the growing coverage needs of policyholders around the globe. We pride ourselves on being customer-centric, people-driven, accountable, performance-minded, and ethical. We invest in our employees and take the time to focus on their development, needs and career aspirations.
 
Our parent company is one of the world?s largest multiline property and casualty insurers. With operations in 54 countries, the Company provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.