Compensation Design Consultant - Mass Mutual Life Insurance Company : Job Details

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The OpportunityWe'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 OpportunityWe'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 TeamThe 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 ImpactAs 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

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.EEO Statement (Opens in new window)MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.Salary Range: $90,500.00-$118,700.00

Seniority level

• Seniority levelMid-Senior level

Employment type

• Employment typeFull-time

Job function

• Job functionDesign, Art/Creative, and Information Technology

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