Agency Compensation Analyst

EMC Insurance Companies

About The Position

At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together. 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. Essential Functions: 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. Education & Experience: 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, Skills, & Abilities: 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

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
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
Proficiency with spreadsheets and data management tools (such as Microsoft Excel)
Strong Microsoft Office Suite skills

Nice To Haves

Prior insurance or financial services experience
Prior experience with agency compensation preferred
Ability to read and interpret agency-company contracts and compensation agreements preferred
Knowledge of reporting or visualization tools preferred

Responsibilities

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.

Benefits

More than 105 years of financial strength and stability
Named a five-star insurance carrier by Insurance Business America
Two-time recipient of the Best Practices Award of Excellence from the Independent Agents & Brokers of America
Multiple locations recognized as Top Workplaces based solely on team member feedback
Corporate culture that engages and empowers team members to achieve their best
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