Reporting & Compensation Analyst - North America

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.