Financial Analyst Job at Gallagher
About Us:
As a member of our benefits and HR consulting team, you’ll help our clients - employers of all sizes, across all industries - build workplaces that work better. Responsibilities:
Essential Duties and Responsibilities:
Bonus Calculation Administration
Book of Business Analysis and Validation
Expense Analysis
Financial Process Review and Improvement
M&A Support
Required:
Preferred:
Knowledge Skills & Abilities:
We offer competitive salaries and benefits, including: medical/dental/vision plans, life and accident insurance, 401(K), employee stock purchase plan, educational expense reimbursement, employee assistance program, flexible work hours (availability varies by office and job function), training programs, matching gift program, and more.
We believe that all persons are entitled to equal employment opportunity and do not discriminate against nor favor any applicant because of race, sex, color, disability, national origin, religion, creed, age, marital status, citizenship, veteran status, gender, gender identity / expression, actual or perceived sexual orientation, or any other protected characteristic. Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, we will make reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
Gallagher is a global leader in insurance, risk management and consulting services. We help businesses grow, communities thrive and people prosper.We live a culture defined by The Gallagher Way, our set of shared values and guiding tenets. A culture driven by our people, over 40,000 strong, serving our clients with customized solutions that will protect them and fuel their futures.
As a member of our benefits and HR consulting team, you’ll help our clients - employers of all sizes, across all industries - build workplaces that work better.
Summary: The Financial Operations Analyst is responsible for understanding, executing, and improving a number of organizational processes at GBS, most important of which is administration of our Producer Incentive Compensation Program. These tasks will be approached cross functionally leveraging both strategic finance partners and key branch stakeholders to ensure all processes are implemented successfully and branches are properly funded for producer compensation expenses. Additionally there are opportunities to investigate efficiencies within known processes or creation of all new SOPs to address any unresolved issues impacting day to day business.
Essential Duties and Responsibilities:
Bonus Calculation Administration
- Compile producer Books of Business for review and analysis of annual compensation calculations
- Analyze and investigate large variances for accuracy or to understand causal drivers
- Communicate results to branch leadership with focus on management understanding and agreement
- Work cross functionally to resolve any unexpected results or producer disputes so appropriate action can be taken
- Ensure all stakeholders are in agreement and all discrepancies resolved before final processing three times per year (August, December, April)
- Additional compensation administration/analysis is a core responsibility of role.
Book of Business Analysis and Validation
- Understand producer assignments within respective producer books of business across region or division
- Communicate with strategic finance team and business partners to determine requisite producer assign changes
- Understand structure of GBS business and client needs to facilitate analysis and manage practice area case assignment changes.
- Work cross functionally with ASC team to prepare and execute requested changes
- Analyze and explain results to strategic finance partners and branch stakeholders so that any change(s) to books are understood and impacts can be acted upon as necessary
Expense Analysis
- Monthly and annual review of bonus accrual accounts ensuring expenses properly matched in accordance with New GAAP requirements
- Perform producer compensation expense analysis including comparisons to revenue and GBS Key Performance Indicators (KPIs)
- Assist offshore team in ensuring accuracy and timeliness of processing New GAAP expense reports
Financial Process Review and Improvement
- Perform annual review of finance operations and data oriented processes across the division to determine efficiency and effectiveness
- Propose, test, and implement solutions to issues uncovered during process reviews
- Ability to be creative and take lead on self-owned initiative if deemed appropriate by management
M&A Support
- Assists M&A and Strategic Finance teams with new acquisition partner comp plan tracking and administration
Other Responsibilities
- Oversight and review of monthly compensation submissions via payroll upload tool
- Ad hoc projects as requested
Required:
- Bachelor’s degree and 3 years related experience
- Strong PC and Microsoft Application skills
- Excel expertise (pivots, v lookup, macros)
Preferred:
- Strong excel and financial management software skills are essential
- Related experience preferred
Knowledge Skills & Abilities:
- Intermediate ability in Microsoft Office with a focus on excel
- Basic understanding of IT systems and data flows/interactions between systems
- Ability to form relationships and collaborate cross functionally within finance (i.e. Strategic Partners, Practice Areas, and Revenue Analyst teams) and business partners
- Strong written and oral communication skills. Ability to summarized detailed business understanding into executive level presentation with insightful perspectives
- Analytical skills. Able to learn and understand all aspects of financial planning and analysis for an organization
- Ability to learn business acumen. Bring logical solutions to business issues (not just financial)
Click Here to review our U.S. Eligibility Requirements
We offer competitive salaries and benefits, including: medical/dental/vision plans, life and accident insurance, 401(K), employee stock purchase plan, educational expense reimbursement, employee assistance program, flexible work hours (availability varies by office and job function), training programs, matching gift program, and more.
We believe that all persons are entitled to equal employment opportunity and do not discriminate against nor favor any applicant because of race, sex, color, disability, national origin, religion, creed, age, marital status, citizenship, veteran status, gender, gender identity / expression, actual or perceived sexual orientation, or any other protected characteristic. Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, we will make reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
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