Reporting & Compensation Analyst - North America

Employer
Munich Re
Location
Toronto (City), Ontario
Salary
Based on experience
Posted
August 10, 2021
Closes
October 9, 2021
Sector
Insurance
Employment Type
Permanent
Hours
Full time
Designations Required/Preferred
None

Munich Re is seeking a Reporting & Compensation Analyst to join our Toronto-based Compensation & Benefits department.  This individual will be part of the extended Human Resources community in both Canada and the US.

Reporting to the Assistant Vice President - Compensation and Benefits, you will contribute to the overall success of the team on a North American region basis by supporting the development and delivery of reporting, compensation programs, and policies while ensuring compliance with governing regulations, internal policies, and procedures.


THE ROLE:
This opportunity encompasses a variety of responsibilities and oversight, including but not limited to the following: 

Reporting (approximately 60%):

  • Support the HR forecast and budget process for each entity (North America Life & Health; Canada Property & Casualty)
  • Assist in the preparation of incentive budget accruals every quarter
  • Work closely across the Human Resources department to provide meaningful and insightful reporting from the HRIS and other systems to run queries and research issues; seeking opportunities to provide greater value and support for enhanced decision making
  • Develop and implement analytical solutions/tools and standardized reports from multiple data sources such as monthly headcount, turnover metrics, and earnings reports
  • Support the data extraction of reports from HRIS for data feeds into other systems, as required

Compensation (approximately 40%):

  • Conduct market compensation surveys, analyze market data, and prepare results for distribution
  • Perform ad-hoc compensation assessments (benchmarking review, grade level review) for individuals, departments or entity-wide; working closely with the HR Business Partners
  • Analyze market data on a North American basis (US and Canada) to support the development and implementation of pay ranges
  • Conduct analysis on existing and proposed compensation programs, support the design and implementation of new compensation programs
  • Facilitate mid-year and year-end compensation cycle, including performing various data analytics and compensation recommendations
  • Administer compensation programs through various internal systems
  • Collaborate on compensation recommendations and offer letters
  • Support the development, updates, and implementation of Compensation related policies
  • Seek opportunities to improve efficiencies and ease of administration


QUALIFICATIONS:
First and foremost, you will demonstrate a natural desire to accomplish amazing work through your energy, enthusiasm, and initiative.  You have a demonstrated passion for establishing best practices and embracing opportunities to collaborate and provide value to the greater Human Resources community.

In addition, we are looking for the following qualifications:

  • Undergraduate University degree with 5 years experience in compensation, finance, or other highly analytical position
  • Experience in survey preparation and analysis, as well as benchmarking 
  • Strong mathematical aptitude and analytical skills
  • Detail-oriented with a commitment to quality
  • Action-oriented and collaborative; continuously seeking opportunities to provide value and support to the greater HR team
  • Expert in Microsoft Excel 
  • Strong proficiency in Microsoft 365, particularly Word and PowerPoint
  • Proficient with HR database queries (experience with SuccessFactors an asset) 
  • Experience creating Power BI reports and dashboards (or equivalent data visualization tools) a strong asset
  • Certified Compensation Professional (CCP) designation, an asset
  • Insurance and/or Financial Services experience, an asset

 

ABOUT US:
Munich Re’s track record as one of the world’s leading reinsurance companies is based on a solid capital foundation, in-depth risk expertise and market know-how.  Our data, our technology, and our teams place us in a unique position to lead the change to redefine the nature and impact of reinsurance for the future.  We’re investing strategically in our world class talent, offering our employees a diverse and challenging work environment which promotes professional development, innovation, and passion – and rewards high performance. 

Please note that only candidates who are selected for interview will be contacted directly.  
We thank all candidates for their interest.

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