Compensation Design Consultant

Compensation Design Consultant

remote type

Hybrid Office

locations

Springfield, MA

time type

Full time

posted on

Posted 2 Days Ago

job requisition id

R18595

The Opportunity

We're looking to hire a Compensation Design Business Consultant to join our team! You'll be accountable for understanding, analyzing and running field compensation programs for the MMFA organization, including: Secondary compensation programs for Advisors, Sales Managers and Firms, General Agent retirement plans, reference materials/presentations/flyers/modules and compensation models. You'll collaborate with the field, financial consultants and regions to advise and communicate programs, as well as represent the compensation design team on IT projects. You will work in a fast paced, collaborative environment researching and handling complex problem resolution.

The Team

The compensation design admin team is a high-profile team, providing tangible impacts to customers, both internal and external. The team is comprised of 6 compensation design consultants and works closely with the overall compensation design team and management that collaborates to brainstorm and problem solve. The team is heavily relied upon to provide research, innovation and solutions as well as effectively communicate with the field and internally across organizations. We collaborate with various areas of the company including legal, IT, actuaries, field management, operations, accounting, compliance and MMLIS. Team members are agile, resilient, have strong communication skills and work in a highly collaborative environment. Influential leadership as well as matrix managing is critical to success. This high impact team feels a sense of accomplishment and can see immediate impacts of their efforts.

The Impact

As a Business Consultant, your responsibilities will include, but not be limited to the following:

Handle the administration, payments and accounting of the GA retirement plans as well as cash flow projections

Create and update advanced excel models to manipulate and deliver information

Continually adjust priorities and handle multiple demands with urgency to meet deadlines

Communicate clearly with agents and agency management to explain, problem solve and educate. Strong customer service skills

Provide business support for IT development of field compensation systems/programs

Build a deep understanding of Agent and General Agent compensation, back up other team members on critical functions

Engage in continuous improvement thinking, innovative problem solving, and implementing best practice policies and procedures aligning with organizational goals and objectives

A self-starter with critical attention to detail

The Minimum Qualifications

5+ years of experience in an analytical, finance, accounting, or mathematical based position

2+ years of experience in Excel (VLookups, Pivot Tables, Basic Logic) for data manipulation

The Ideal Qualifications

7+ years of experience in an analytical, finance, accounting, or mathematical based position within financial services

2+ year of experience work with a field sales team or a general agency system

Knowledge of the MassMutual career agency system and sales process

Experience with SIERA reporting system

Proficient in Microsoft Office software, including PowerPoint

Strong communication skills, both written, verbal, and presentation skills

Demonstrated ability working independently, with ambiguity and exploring/identifying technical solutions

High degree of ownership and sense of urgency

What to Expect as Part of MassMutual and the Team

Regular meetings with the Compensation Design & Administration team

Focused one-on-one meetings with your manager

Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups

Access to learning content on Degreed and other informational platforms

Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

#LI-DK1

Salary Range:

$90,500.00-$118,700.00

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

Why Join Us.

We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.