Financial Analyst - Financial Operations

Gallagher•Rolling Meadows, IL

21h

About The Position

The Financial Analyst – Financial Operations 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.

Requirements

Requires Bachelor's degree and 3 years related experience
Strong PC and Microsoft application skills
Excel expertise required (pivots, V-lookups, macros)
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)

Responsibilities

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
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
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
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
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

Benefits

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
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