Associate, Agency Field Compensation Analyst

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Date: Nov 27, 2018

Location: New York, NY, US

Company: New York Life Insurance Co

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

New York Life’s primary distribution channel is the career Agency sales force of more than 12,000 agents, operating in virtually every major city in the United States.  Every agent is affiliated with one of our 117 General Offices. These offices are operated by Agency management teams responsible for agent and management recruiting, development, and sales.  Approximately half our agents operate their businesses out of our General Offices, while the other half maintains independent office locations. 

 

Our General Offices are divided up among four Zones. In addition to our Zone offices, an Agency Home Office team responsible for strategy, finance, administration, standards, training, marketing and communications supports our agents and field managers.  The Agency operation also comprises teams charged with growing our business in key market segments, including the middle-income market, the advanced (high-net-worth) market, select cultural markets, and the women’s markets. Agents sell individual life insurance, individual annuities, and long-term care insurance products, as well as mutual funds.

 

Role Overview

  • Assist with the processing of Field Management Personnel status changes including appointments, transfers, and terminations              
  • Assist in coordinating and verifying new Field Management Appointment requirements with recommendations from the Agency Zones    
  • Maintain and track Field Management Personnel files including employment agreements, briefs, and various information  
  • Assist with the calculation of Field Management Compensation factors. Prepare compensation projections and proformas for newly appointed Partners      
  • Serve as a backup analyst to our bi-weekly payroll process and Development Manager Onboarding process    
  • Support for administering key components of our Recruiting and Development program, including the NYLIC Specialty Programs such as Associate Agent, District Agent, and Agent Mentoring Programs

 

Qualifications

  • Bachelor’s Degree (Business, Finance, Economics or Mathematics) preferred
  • Minimum of 0-2 years of relevant experience
  • Proficient in MS Word, Excel, PowerPoint and Access
  • Strong analytical and organizational skills
  • Ability to multitask

EOE M/F/D/V

 

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