Broker Payable Commission Analyst
New
P
Patriot Growth Insurance ServicesInsurance services
United States | RemoteFull-TimeMiddle
Salary33.65 USD per hour
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Job Details
- Experience
- 3–5 years of experience in commission administration, accounting, broker compensation, or a related role.
- Required Skills
- Microsoft ExcelAccounting
Requirements
- Have 3–5 years of experience in commission administration, accounting, broker compensation, or a related role.
- Hold a bachelor's degree in Accounting, Finance, Business Administration, or a related field, or have equivalent experience.
- Know broker commission structures, payment terms, audits, reconciliations, accruals, and variance analysis.
- Interpret agreements and apply commission rates, effective dates, and payment schedules accurately.
- Exercise sound judgment when agreement terms are ambiguous.
- Manage monthly deadlines, multiple agreements, and high-volume data with strong organization and attention to detail.
- Communicate and collaborate effectively with brokers, agency teams, Finance, and Accounting.
- Use accounting systems and Agency Management Systems such as Business Central, Epic, and BenefitPoint.
- Use Microsoft Excel proficiently.
- Handle confidential broker, banking, client, and company information appropriately.
Responsibilities
- Calculate, process, and reconcile monthly broker commission payments according to executed agreements and payment terms.
- Maintain broker agreements, commission documentation, payment instructions, and commission settings in Agency Management Systems.
- Audit production and commission reports, investigate variances, and resolve payment discrepancies.
- Research broker commission inquiries and disputes, determine appropriate resolutions, and communicate and implement outcomes.
- Prepare payment files, commission statements, reconciliations, and commission expense reports.
- Prepare supporting documentation for accruals and journal entries.
- Enter validated payments into appropriate systems by established deadlines.
- Track agreements, amendments, terminations, and rate changes so payments reflect current terms.
- Coordinate commission activities and resolve questions with brokers, regional and agency teams, Finance, and Accounting.
- Lead system enhancements and provide ad hoc commission and financial analysis.
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