Analyst, Producer Commissions & Incentive Payables
Analyst, Producer Commissions & Incentive Payables
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
World Insurance Associates is a unique insurance organization offering top products and services from major providers combined with attentive service from local agents.
Founded in 2011 World is one of fastest-growing top 25 insurance brokers in the U.S. We specialize in personal and commercial insurance lines surety and bonding employee benefits financial and retirement services and human capital management solutions.
Primary Responsibilities
Review producer and administrative commission as reported by our agency management system and other agencies when not fully integrated.
Monthly admin/brokers/others - Run reports review accuracy/ appropriate to ensure the rates and calculations are in line with Company standards and/or agreed upon amounts
Draw reconciliations including:
Generating reports;
reviewing accuracy of rates and calculations per Company standards/employment agreements
reconciling to GL balances
Provide reviewed amounts to payroll/accounts payable for payment
Prepare analysis as requested by management
Prepare/distribute final commission statements on monthly basis
Preparation includes confirming accuracy of commission rates per Admin Comp policy broker agreements offer letters or employment agreements
Provide payroll (or A/P) with payment information on timely basis (
Field inquiries from all commission recipients including investigation into commissions revised rates shared business etc.
Prepare journal entries as needed
Review producer & broker commission reports to ensure the accuracy of rates and compliance with commission
Update employee profiles to reflect compensation agreements
Qualifications
Bachelors Degree preferred
Required Minimum of 2 years experience in accounting insurance industry
Computer/Software Skills
Required Proficient in accounting software and Microsoft Office Suite or related software
Essential Skills/Competencies
Excellent verbal and written communication skills
Excellent organizational skills and attention to detail
Equal Employment Opportunity
At World Insurance Associates (WIA) we celebrate and support our differences. We know employing a team rich in diverse thoughts experiences and opinions allows our employees our products and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race color ancestry religion sex national orientation age citizenship marital status disability gender identity sexual orientation or Veteran status. In addition WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability unless the accommodation would impose an undue hardship on the operation of our business
TO EXECUTIVE SEARCH FIRMS AND STAFFING AGENCIES:
World does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered Worlds property and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting Worlds Human Resources Talent Department.
#LI-GP1
#LI-REMOTE
Required Experience:
Manager
Employment Type
Full-Time
