Insurance Commissions Associate
4 hours ago
As a Commission Processing Specialist, you will play a critical role in ensuring the accuracy and efficiency of commission processing for financial advisors. Under general supervision, you will utilize specialized knowledge and skills to process all aspects of commissions, including fee postings, commission postings, and reimbursement processing.
Key Responsibilities:
- Act as a liaison between insurance carriers, financial advisors, and sales management to ensure seamless commission processing.
- Confirm proper posting of fees, commissions, and reimbursements to commission systems and general ledger accounts.
- Prepare various journal entries, primarily commission postings and adjustments.
- Reconcile commission statements and commission-related general ledger accounts.
- Utilize reporting software to assist in reconciliations and problem resolution.
- Record, input, and post commission information from various sources, including ACHs and paper checks.
- Prepare advances and commission reversals.
- Remain current in operations policies and procedures.
- May train other associates.
Requirements:
- High School diploma or equivalent with a minimum of two (2) years of Payroll or Commissions experience.
- Associate's degree (A.A.) or equivalent from a two-year college or technical school and one (1) year related experience and/or training in Payroll or Commissions.
- Bachelor's Degree Preferred.
- An equivalent combination of education, experience, and/or training approved by Human Resources.
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Insurance Commission Associate
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