Broker Compensation Strategy Consultant

1 month ago

Markham, Canada Allstate Insurance Company Full time

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

Job Description

Who is Allstate:
Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. The company is proud to have been named a Best Employer in Canada fornine consecutive years and prioritizes supporting employees and fostering an inclusive, welcoming corporate culture. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. Serving Canadians since 1953, Allstate strives to provide reassurance with its "You’re in Good Hands" promise.

Through ourEmployee Value Proposition, Opportunity, Flexibility, Community, Diversity and Family, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options and truly enjoy the work they do.

Role Designation:Home-Based

Benefits to joining Allstate

  • Flexible Work Arrangements
  • Employee discounts (15% on auto and property insurance, plus many other products and services)
  • Good Office program (receive up to 400$ back after purchasing office equipment)
  • Student Loan Payment Matching Program for Government Student loans
  • Comprehensive Retirement Savings Program with employer matched contributions
  • Annual Wellness allowance to support employees with improving health and wellbeing
  • Personal reflection day
  • Tuition Reimbursement
  • Working within the community and giving back

Job description:

Our team is growing and we are actively looking to hire a Broker Compensation Strategy Consultant to join our team

Reporting to the Director of Sales Planning and Compensation, this role will lead the design and delivery of our Broker Compensation program, aligning it with our strategy of paying for profitable growth. This role will bring a systematic, focused and disciplined approach to evaluate and identify areas of sales compensation opportunity, all while contributing to ACG’s strategic, financial and compliance objectives.

This role will work cross functionally with Sales, Finance, Risk, HR, Reporting, and partners in the U.S. team. Strong stakeholder engagement and working relationships will be key to being successful.

Accountabilities:

  • Design, develop and implement Broker Compensation strategies that drive increased production and profitability. Review and recommend changes to core components of compensation program (Base Commissions, Profit Share)
  • Ensure that compensation programs support the organization's strategic objectives and meets legal requirements
  • Build strong working relationships with Sales, HR, Risk and Finance departments
  • Continually monitor current and historical payment trends (internal and external) and keep abreast of the competitive landscape. Report findings and future outlook/projections to Senior Management
  • Assess capabilities and implement changes to compensational technology
  • Develop recommendations and assist with preparation of business cases
  • Recommend and build out Compensation growth tactics meant to increase revenues and grow market share

Qualifications:

  • Education or equivalent working experience: Post-Secondary Education
  • Experience: Minimum 4 years working in an analytical capacity
  • Demonstrated ability to work across organizational departments and develop strong relationships across the company
  • Exceptional analytical and critical thinking skills
  • Must be able to analyze complex data with high accuracy, be open minded towards change, anticipate client needs and work with others to identify and resolve issues
  • Must be able to coordinate various priorities under time pressure and ensure alignment to corporate objectives
  • Strong communication (written and verbal), collaboration and relationship-building skills
  • Advanced level proficiency in Microsoft Office Applications such as Excel and Access

Bonus qualification:

  • Insurance industry experience is an asset
  • CIP/FCIP/CRM (Certified Risk Manager) is preferred

Allstate Canada Group has policies and practices that provide workplace accommodations. If you require accommodation, please let us know and we will work with you to meet your needs.

Skills

Analytical Thinking, Communication, Critical Thinking, Insurance, Management Reporting, Microsoft Access, Microsoft Excel, Prioritization, Relationship Building, Sales Compensation

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.

You’ll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change and give back where they work and live.

Good Hands. Greater Together.

#J-18808-Ljbffr

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