About this opportunity
USI Insurance Services lists this Commissions Analyst opportunity in fort lauderdale, Florida. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Sales Compensation Specialist
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.
•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.
•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.
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 paid holiday time.
Worksite address
fort lauderdale, FL, 33336, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.