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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st Shift (United States of America)
Please review the following job description:
Responsible for managing and administering a company’s incentive compensation programs. This role is crucial for ensuring fair and motivating compensation practices that drive employee performance and align with the company’s strategic objectives.
KEY RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
- Manage compensation team and all monthly, quarterly, annual payment cycles
- Monthly accruals, forecasting, planning for incentive compensation
- Manage external and internal audit requirements
- Ensure compliance with and monitoring of internal control environment and guidelines (Including establishing a Risk Control Matrix covering this standalone function)
- Work with senior leadership to model and implement new compensation plans
- Point person for communication with LOB leadership as well as TIH leadership for necessary reporting and approvals
- Identify and implement workflow efficiencies using technology, process improvement, offshore, etc.
EDUCATION AND EXPERIENCE
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Bachelor’s degree in finance, accounting, business administration, or a related field (required)
- 7+ years of experience in compensation management, finance, or a related area (required)
- MBA (preferred)
CERTIFICATIONS, LICENSES, REGISTRATIONS
FUNCTIONAL SKILLS
- Strong knowledge of Microsoft Office, specifically Excel, Word, and Outlook Exchange.
- Interact with all levels of employees and management and communicate effectively with the executive team.
- Strong written, verbal, and non-verbal communication skills, especially conveying complex information in understandable manner.
- Ability to conduct formal and informal presentations in both small-and large-group settings.
- Proven ability and willingness to deliver projects on time, with a high degree of quality, with minimal supervision.
- Analyze and resolve complex technical or administrative problems.
- Provide leadership and promote cooperation in a team environment.
- Familiarity with incentive compensation software and industry best practices.
General Description of Available Benefits for Eligible Employees of TIH Insurance: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance offering the position. TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on TIH’s generous benefit plans, please visit our site. Depending on the position and division, this job may also be eligible for TIH’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
TIH supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Crump Life Insurance is a Drug Free Workplace.
EEO is the LawPay Transparency Nondiscrimination ProvisionE-Verify