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Accountant Compensation Analyst

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General Description:  This position is responsible for ensuring the accuracy of the Sales Compensation practices across the assigned region and plays a key role for the region’s Producers.  The Financial Analyst – Commissions works closely with many departments/divisions, including Finance, Producers, Regional Management, the Corporate Accounting Center, and Regional HR/Payroll staff to ensure timely and accurate producer commission accounting. 

 

Responsibilities:

  • Reviews commission rates for producers in various systems to ensure accuracy; coordinates system changes where necessary.

  • Work with producers to explain production statements and true-ups, resolve commission issues.

  • Track variances across multiple periods for the purpose of receiving commissions due.

  • Contact carrier commission departments to identify and collect missing revenue.

  • Monitors to ensure that producer “draw” payments are appropriate given actual commission being generated.

  • Monitors debit balances and coordinate changes to draws as necessary.

  • Maintains files of employment agreements and compensation acknowledgements.

  • Ensures contractual language is consistent with the application of commissions.

  • Monitors and processes charge-backs for value-added services and charitable contributions (and participates in the design of a new process with new systems).

  • Manages outside brokers expenses, including coordinating payments to outside brokers as appropriate.

  • Tracks and processes new business referrals and referral compensation payments.

  • Reviews quarterly commission true-ups processed by Accounting Center for accuracy.

  • Participates in the process of designing new producer commission reports as a key contributor.

  • Identifies opportunities to make better use of corporate production systems including Sagitta/Report Writer, CRM and the Datastore.

  • ensure

  • Generates reports from corporate systems, including using Report Writer, CRM and the Datastore as needed.

  • Reviews and reconciles producer payables.

  • Manages minimum revenue thresholds pertaining to producer commission payments.

  • Monitors and performs entries for producer funding.

  • Other projects as needed.

 Knowledge, Skills and Abilities:

  • A minimum of two years experience in accounting or finance preferred by not required
  • Sets priorities and manages work flow to ensure efficient, timely and accurate processing of transactions and other responsibilities
  • Ability to handle high transaction volume and interruption
  • Ability to work effectively with strong personalities
  • Interacts with others effectively by utilizing good communications skills, cooperating purposefully and providing information and guidance to others as needed to help maintain the Company’s customer service focus
  • Experience in the insurance field a plus
  • Ability to act and operate independently with minimal daily direction from manager to accomplish objectives
  • Ability to work effectively during times of organizational stress, ambiguity, and change
  • Proficiency with email and Microsoft Office applications, especially Excel

Job ID:

18921

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