Compensation Analyst jobs in Worcester, MA

Job Summary

Learn to provide support to the department in processing all agency compensation related transactions by obtaining data stored in various databases and reports to provide necessary information while ensuring its accuracy. Utilize Access, Excel or other database and spreadsheet applications to maintain proper commission rates based on a wide range of compensation agreements; prepare models to estimate compensation program costs; analyze and process commission adjustment transactions; assemble data in various spreadsheets used in the calculation of annual agent Profit sharing payments and estimates. Contribute to the decision making process with management in daily compensation activities as well as on special projects.

Knowledge, Skills and Abilities

Education: Bachelor's Degree or professional level of knowledge in a specialized field, or equivalent, related experience.
Experience: 0 - 2 years - or Associates Degree equivalent plus 2 - 4 years.
Knowledge: Limited to moderate knowledge of industry practices, standards, and concepts within field of work. Learns to apply them to the job.
Decision Making: Learns to make decisions and recommendations for varied situations, applying judgment to interpret related information, policies, and procedures. Decisions generally impact specific tasks.
Supervision Received: Works independently under moderate to general supervision, receiving specific and detailed instructions on new types of work.
Leadership: Works as an individual contributor. Learns the job.
Problem Solving /Operations/Direct Work Involvement: Applies knowledge to help solve problems of relatively limited scope and complexity which require independent thinking.
Client Contacts: Contacts other departments and or external organizations or parties frequently. Contacts are primarily at or below middle management levels. Communication is primarily task-related and involves creating and delivering varied types of messages and information.

Additional Knowledge, Skills and Abilities

Demonstrated knowledge of Microsoft Excel, Access and ShowCase software or similar database query tools is preferred.
Ability to design, capture, manipulate and present pertinent and accurate data.
Ability to multi-task, manage details, and execute effective follow through.
Effective organizational, time management, and problem solving skills. Strong analytical skills.

If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at talentacquisition@mapfreusa.com.