Broker Compensation Strategy Consultant

2 weeks ago

Markham, Ontario, Canada Allstate Insurance Company Full time
Job Title: Broker Compensation Strategy Consultant

At Allstate Insurance Company, we're committed to protecting our customers and their families from life's uncertainties. We're seeking a skilled Broker Compensation Strategy Consultant to join our team and help drive our business forward.

About the Role

This is a key role within our Sales Planning and Compensation team, reporting to the Director of Sales Planning and Compensation. As a Broker Compensation Strategy Consultant, you'll be responsible for designing and delivering our Broker Compensation program, aligning it with our strategy of paying for profitable growth. You'll bring a systematic, focused, and disciplined approach to evaluate and identify areas of sales compensation opportunity, all while contributing to our strategic, financial, and compliance objectives.

Key Responsibilities
  • Design, develop, and implement Broker Compensation strategies that drive increased production and profitability.
  • Ensure that compensation programs support the organization's strategic objectives and meet 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.
Requirements
  • Post-secondary education or equivalent working 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.
Preferred Qualifications
  • 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 Industry, Management Reporting, Microsoft Access, Microsoft Excel, Prioritization, Relationship Building, Sales Compensation

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