Shabbir Malik

About Shabbir Malik

Orchestrated success for two flourishing spinoffs through dual roles in Finance and HR. Oversaw the implementation of effective systems, optimizing organizational processes. Adept in navigating TSA agreements, ensuring seamless transitions and operational efficiency.** Demonstrated proficiency in Compensation practices, encompassing market data analysis, job structure evaluation, salary analysis, design of Incentive plans, and active participation in salary surveys, reviews, and analysis of results.** Consistently achieved success in the conception, development, and management of Distribution Compensation strategies for over a decade.** Design Incentive Compensation strategies across a highly regulated environment in the insurance and financial services industries ** Talented project manager and coordinator, successfully identifying and analyzing business requirements, liaising with off-shore teams in the development and quality assurance stages, and securing successful delivery of effective solutions.** As a Leader, Mentor, and SME, focused on elevating team’s performance, fostering effective internal and cross-team communications, and continuously pursuing opportunities to enhance efficiency and work quality CAREER ACCOMPLISHMENTS • Successfully deployed a Performance Base Compensation program replacing the previously utilized override framework • Designed strategic compensation plans to attract and retain top talent across corporate and sales domains for two emerging companies. • Redesigned the Annuity sales desk incentive compensation structure in 2019 by introducing the team-based comp • Transitioned Incentive comp structure from an established (MetLife) to a new (Brighthouse Financial) Company • Aligned sales incentive compensation with sales plans to drive productivity and retain talent • Reduced GL from 600+ accounts to 200+ accounts while transitioning the system from Hyperion to SAP • Successfully introduced a best-in-cost culture for a newly established company • Introduced various initiatives to improve expense management processes time by 5% • Launched a monthly one-page scorecard showing key data in a singular report • Built a finance team of 43 professionals in NC while managing a temporary dual operation in NJ • Saved the company $13 million by addressing market volatility by introducing half-yearly incentive compensation plans • Saved over $100K in consulting costs by designing a Cost-Benefit model that was implemented at the global level CONTACT: EMAIL: s••••••@shabbir.com PHONE: 21••••••39

Experience

1. Integration Team Lead

   Assuredpartners

   Jan 2023 — Present · US

   Lead the migration of Employee Benefit data to BenefitPoint (BP) and P&C data to EPIC from various systems (EPIC, AMS360, TAM, etc.) Collaborate closely with Agencies/Offices, Project Management, and Integration teams to ensure a seamless data transition. Conduct a comprehensive review of available data, generate cleanup reports, and establish mapping files for the transition of policy and client details, as well as mapping for premiums and commissions payments from source systems to the destination system• Created standardized templates for system transitions (e.g, EPIC to BP, TAM to BP), streamlining the process and significantly cutting down data preparation time. This enhancement allows data leads more time for in-depth data analysis. • Revamped the transition process by developing comprehensive step-by-step instruction manuals, empowering new team members to be self-sufficient with minimal training.SYSTEMS/APPLICATIONS: BenefitPoint, EPIC, TAM, AMS360

Education

• New York University - Leonard N. Stern School of Business

  Master’s Degree

• New York University - Leonard N. Stern School of Business

  BS