BCI - Brokerage Consultants Ltd.

Our Focus: Financial Services

We connect the right people with the right positions throughout the financial community.

  • Asset Management
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Brokerage Consultants - Financial Recruiting

Tap our resources.

They run deep. Since our inception we've kept our focus trained exclusively on the financial industry, and we've built a vast network of contacts in the process. Let us put those resources to work for you. We'll connect you with the most current job openings at the most desirable companies in Chicago or nationwide.

Job Order:
1200-202

Job Type:
Permanent

Title:
Operations Manager - Compensation Administration (1200-202)

Location:
Chicago (Loop)

Description:
Industry-leading life insurance/annuity provider seeks experienced
compensation administration professional to manage field compensation
operations, including compensation adjustments, manager subsidy programs,
1099 reporting, garnishments, and other programs. Will oversee a team of
four and report to the Director, Field Compensation.

RESPONSIBILITIES:
Provide leadership and hands-on team management including staffing,
performance management/assessment, professional development, workflow
coordination, conflict resolution, etc.
Lead continuous process improvement to meet evolving business needs
Provide oversight for on-time completion, agent 1099 reporting,
garnishments, manual adjustments, journal entries, etc.
Communicate with field when issues arise and manage necessary corrections
Research/respond to internal inquiries (NBO/Legal/Internal Audit)
Facilitate field compensation training webinars as needed
Revamp existing processes for efficiency and accuracy
Develop a cross training plan for the team; audit team process
documents/workflow diagrams
Manage ancillary compensation elements as required (manually calculated
outside of compensation system)

REQUIREMENTS:
BA / BS in Business, Finance, Social Sciences (quantitative discipline) or
related; MBA a plus
3+ years of compensation administration experience, preferably in Insurance,
Financial Services or consulting
LOMA / AHIP or HIA certification a plus
Solid understanding of field compensation components
Demonstrable hands-on proficiency with compensation system and other
resources to troubleshoot complex inquiries
Ability to deploy personnel across initiatives/priorities; strong problem-
solving skills; analytical thinker; well-organized; able to juggle projects
while meeting deadlines; able to assess business needs/priorities


Category:
Alternative Investments // Asset Management // Banking // Broker Dealer

Contact:
zach@bcius.com