12 Aug
|
BMW Group Canada
|
Toronto
12 Aug
BMW Group Canada
Toronto
SHARE YOUR PASSION.Knowing the destination isn’t enough: you need to know how to get there. Build up your own networks, exploit new ideas, consistently take the initiative. Inspire other people with your enthusiasm. That’s the only way to give ideas the power that allows them to become true innovations.SPREAD ENTHUSIASM. SHAPE THE FUTURE.Build your own networks and take initiative to inspire others and transform ideas into real innovations.Job ResponsibilitiesThe Senior Insurance Specialist is responsible for leading the management and strategic enhancement of insurance and protection product reporting through the ingestion and integration of complex data sets. The role involves identifying critical gaps within the data and business processes and driving actionable solutions to optimize performance and compliance.This position oversees the design and execution of incentive and bonus programs by applying advanced analytics to deliver insights that support executive decision-making. The Insurance Specialist acts as a key liaison between internal teams and external partners to ensure timely renewal, compliance, and governance of insurance policies and procedures. Strong analytical skills, attention to detail, and effective communication with internal and external stakeholders are essential.Key Accountabilities of the FunctionInsurance and Protection Product Reporting – Drive the enhancement and continuous improvement of comprehensive reporting systems for insurance and protection products.Ensure and validate the accuracy, integrity, and timeliness of all insurance‑related reports submitted to Accounting and Controlling teams.Lead coordination efforts across multiple departments to reconcile data discrepancies and validate reporting outputs to support business objectives.Review and Management of Incentives and Bonus Programs – Oversee the management and governance of monthly and quarterly incentive programs, ensuring precise calculation and timely updates.Direct the EWU CF Bonus reconciliation process with Controlling, verify bonus payouts, and ensure retailer communications are executed within agreed timelines.Monitor and govern Certified Pre‑Owned (CPO) bonus payouts, ensuring strict adherence to program guidelines and compliance standards.Reporting and Analytics – Lead quarterly business performance reviews,
leveraging trend analysis and comprehensive insights to identify strategic opportunities and drive business improvements.Deliver high‑impact, actionable reports that underpin strategic decision‑making and enhance operational efficiency across the organization.Ensure all monthly insurance reporting is completed, finalized, and submitted by the 2nd business day of each month.Collaborate closely with the Business Intelligence (BI) team to advance Tableau dashboards and reporting functionalities.Performance League Management – Ensure the accurate and timely upload of Performance League points and lead the annual review, strategic assessment, and approval process for the program.Insurance Policy and Procedure Management – Oversee the end‑to‑end renewal process for insurance policies and associated procedure documents, ensuring full compliance with internal policies and external regulations.Partner with legal, risk management, and finance teams to proactively update, review, and maintain comprehensive policy documentation.Insurance Communications – Responsible for the creation, management, and distribution of the Insurance Bulletin to internal and external stakeholders.Compliance and Risk Management – Champion compliance efforts, lead support for internal audits and external reviews, and identify and mitigate risks.Stakeholder Communication and Support – Serve as a point of contact for internal teams, retailers, and external partners regarding insurance products, bonuses, and incentive programs.Lead the delivery of training programs and provide expert guidance to relevant teams on insurance processes, reporting requirements, and best practices.EducationBachelor’s degree in Business, Finance, Insurance, Risk Management, or related field.Work Experience & Leadership ExperienceProven experience (5+ years) in insurance, financial reporting, or incentive program management.Additional SkillsExceptional analytical and strategic problem‑solving abilities with a meticulous,
detail‑oriented approach.Advanced proficiency in MS Excel and a strong command of reporting tools; hands‑on experience with insurance management systems is highly advantageous.Extensive experience leveraging Business Intelligence (BI) platforms such as Tableau to drive data‑driven insights and enhance decision‑making processes.Proven organizational leadership with the ability to prioritize and manage multiple high‑impact projects and deadlines simultaneously.Superior communication skills, both written and verbal, with the ability to influence and engage stakeholders at all organizational levels.Strong aptitude for fostering collaboration and driving results within cross‑functional, matrixed environments.Preferred SkillsKnowledge of insurance industry standards, regulatory frameworks, and compliance requirements.Experience in designing, administering, and optimizing bonus and incentive programs to align with strategic business goals.Proficient in trend analysis and advanced business intelligence reporting methodologies to inform executive‑level decision‑making.Skilled in interpreting, reconciling, and presenting complex financial data with accuracy and clarity.CompensationThe compensation range for this role is $73,100 – $90,600, with variations based on factors such as experience, education, and skills. Experienced candidates are encouraged to apply.Benefits of Working at BMW Group CanadaAn award‑winning culture.Cutting‑edge innovation and creativity.Incredible BMW, MINI and Motorrad employee vehicle/motorcycle programs.Flexible working models.Highly competitive compensation.Performance incentive programs.First‑rate health and wellness perks.Education reimbursement.World‑class office space.Fresh & nutritious meals in our amazing fully staffed, and subsidized, onsite cafeteria.Fully stocked coffee/tea bar.We encourage interested candidates who may legally work in Canada to apply for the role. Our organization follows a hybrid work structure. To be eligible for this role, candidates are expected to work from our Head Office in Richmond Hill, Ontario three times in a week.At the BMW Group, we place great importance on equal treatment and equal opportunities. Our recruiting decisions are based on the personality, experience, and skills of the applicants.#J-18808-Ljbffr
📌 Senior Insurance Specialist - $73,100 - $90,600 A Year (Toronto)
🏢 BMW Group Canada
📍 Toronto