What are the responsibilities and job description for the Financial Analyst - Financial Operations position at Gallagher Benefit Services?
Discover a world of endless possibilities at Gallagher Benefit Services, where you'll have the power to shape the future of workplaces across industries. As a member of our team, you become the driving force behind positive change, helping clients build environments where employees thrive. Embrace the opportunity to impact lives, unlock potential, and create a legacy of remarkable transformation.
We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.
How you'll make an impact
The Financial Operations Analyst is responsible for understanding, executing, and improving several 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.
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 that all discrepancies are resolved before final processing
- 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 assignment changes
- Understand structure of GBS business and client needs to facilitate analysis and manage practice area case assignment changes.
- Work cross functionally with accounting solutions team to prepare and execute requested changes
- Analyze and explain results to strategic finance partners and branch stakeholders so 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
- Facilitate transition from legacy compensation programs to standard GBS comp model
- Oversight and review of monthly compensation submissions via payroll upload tool
- Ad hoc projects as requested
About You
Required:
- Bachelor’s degree
- 3-5 years related experience preferred
- Strong Excel (pivots, lookups, macros) and financial management software skills are essential
Knowledge Skills & Abilities:
- Intermediate ability in MS Office 365 with a primary 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 summarize detailed business insights into executive-level presentation with thoughtful 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)
Compensation and benefits
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.
Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:
- Medical/dental/vision plans, which start from day one!
- Life and accident insurance
- 401(K) and Roth options
- Tax-advantaged accounts (HSA, FSA)
- Educational expense reimbursement
- Paid parental leave
Other benefits include:
- Digital mental health services (Talkspace)
- Flexible work hours (availability varies by office and job function)
- Training programs
- Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
- Charitable matching gift program
- And more...
We value inclusion and diversity
Click Here to review our U.S. Eligibility Requirements and Pay Disclosure Statement
Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.
Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.
Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.
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, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
