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Commissions Analyst
Location:
WA - Seattle
Apply nowGeneral Description: Responsible for ensuring the accuracy of the Sales Compensation practices across assigned region. Play a key role for the region’s Producers. Work closely with internal departments to ensure timely and accurate producer commission accounting. Includes finance, producers, regional management, National Accounting Center, and regional HR/payroll.
Responsibilities:
- Work with producers to explain production statements and true ups. Resolve complex commission issues.
- Review accuracy of transactions entered by Accounting Center and loaded from other source systems. Includes quarterly commission true ups and commission rates.
- Ensure accuracy of HR data; review actual results trend to forecasted trend.
- Review producer compensation calculations.
- Analyze data for Operating Company/Region on a monthly or ad-hoc basis. Includes commission payment and outside broker expenses.
- Contact carrier commission departments to identify and collect missing revenue.
- Monitor producer draw payments. Ensure alignment with actual commission being generated. Coordinate changes to producer draws as necessary.
- Maintain files of employment agreements and compensation acknowledgements. Ensure contractual language is consistent with the application of commissions.
- Monitor and process chargebacks for value-added services and charitable contributions. Participate in the design of a new process with new systems.
- Manage outside brokers expenses, including coordinating payments to outside brokers.
- Track and process new business referrals and referral compensation payments.
- Serve as key contributor in the process of designing new producer commission reports.
- Identify opportunities for corporate production systems. Includes Sagitta/Report Writer, CRM, and the Datastore.
- Review and reconcile producer payables.
- Manage minimum revenue thresholds pertaining to producer commission payments.
- Monitor and perform entries for producer funding.
- Collaborate with Corporate Finance/IT department to continually improve data flows, reporting systems, and analysis.
- Complete monthly financial close and reporting. Includes producer compensation, audits and charge backs, and preparation of management reports.
Knowledge, Skills and Abilities:
- 3 years + experience in accounting or finance. Experience in the insurance field a plus.
- Bachelor's degree in business administration, finance, or accounting.
- Ability to work with all levels of staff and management to maximize performance, creativity, problem solving, and results.
- Ability to act and operate independently with minimal direction.
- Demonstrate adaptability and flexibility with changing priorities.
- Set priorities and manage workflow to ensure efficient, timely, and accurate processing of transactions.
- Proficient with Microsoft Office products, including Excel.
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Why USI?
With more than $2.7 billion in revenue and over 10,000 associates across approximately 200 offices nationwide, USI is one of the largest insurance brokerage and consulting firms in the world. At USI, we have created one of the most dynamic personal and professional development cultures in the industry. We invest heavily in our associates, and we take pride in celebrating their growth and success through our one-of-a-kind employee reward and recognition programs.
Unrivaled Resources and Support
What truly distinguishes USI as a premier insurance brokerage and consulting firm is the USI ONE Advantage®, a game-changing value proposition that delivers to clients a robust set of risk management and benefit solutions with bottom-line financial impact. USI ONE® represents Omni, Network, Enterprise—the three key elements that set USI apart from the competition. Through USI ONE, we develop strategic, timely, and effective risk management and benefit programs in terms that are easy to understand, and we demonstrate how the solutions can have a positive economic impact.
Industry-Leading Programs, Rewards, and Recognition
In addition to competitive pay, incentives, and benefits, USI recognizes associates through our Summit Awards program, rewarding excellence in those who build our brand each day. USI offers employee programs that recognize outstanding achievement and help our associates lead healthy, productive lives. We turn care into action with our award-winning wellness program, college scholarships for associates' children, and financial help in times of need.
Deep Community Engagement
We are committed to giving back to our local communities and supporting a culture of environmental sustainability. From sharing our time, talent, and resources to support local non-profit organizations, animal shelters, and environmental beautification and restoration projects – to partnering with eco-conscious vendors and taking steps to reduce our own environmental footprint – we’re working together as ONE to build a better future.
Committed to a Diverse, Equitable, and Inclusive Workplace
Our award-winning I’m With U diversity, equity, and inclusion program educates our associates to help them better understand and serve our clients, prospects, fellow team members, and local communities through curated education and training resources, employee support programs, and community outreach initiatives to build a more diverse, equitable, and inclusive culture.
Nationally Recognized as a Top Insurance Employer
- Recognized as one of Insurance Business America’s Top Insurance Employers for the seventh consecutive year (2018-2024).
- Named to Business Insurance’s annual list of the Best Places to Work in Insurance five years in a row (2020-2024).
- Named to Fortune’s 2024 Best Workplaces in Financial Services & Insurance list.
- Honored by Glassdoor as a Best-Led Company in the U.S. in 2024.
- Recognized by Newsweek as one of America’s Greatest Workplaces for Diversity in 2024
USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs. USI also offers a generous paid time off policy, paid family leave benefit as well as 12 paid holiday time.
This is a bonus eligible position with a target incentive of 5%.
Salary Range: $77,000 - $90,000
Job ID:
29623