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Commission Operations Specialist
2 months ago
The Commission Operations Specialist at Larson Network Services, LLC, is essential in guaranteeing the precise and effective management of commission processes within our company.
This role encompasses overseeing and preserving vital policy and client information, inputting and verifying commission statement data, and facilitating the overall commission workflow.
The Commission Operations Specialist collaborates closely with sales and management teams, delivering crucial insights into sales metrics and monthly summaries.
Key responsibilities include addressing advisor inquiries, performing thorough investigations to resolve inconsistencies, and engaging in various financial and IT-related initiatives.
Strong analytical and decision-making abilities are crucial, as the position requires meticulous attention to detail and the capacity to manage intricate data.
The ideal candidate will possess comprehensive knowledge of the entire commission process, from data entry to reporting and analysis, and will exhibit a proactive mindset towards enhancing efficiency and precision.
This role provides the chance to thrive in a dynamic setting, contributing to the success of the sales team and the organization at large.
PRIMARY DUTIES AND RESPONSIBILITIES:
The Commission Operations Specialist undertakes a diverse array of tasks that may include, but are not limited to:
• Gaining proficiency in commission management systems utilizing a combination of Excel, NetSuite, Salesforce, and Terrapin/Pandia/Domo, including entering commission data, updating the status of existing policies, processing payments, and reviewing reports.
• Maintaining the sales organizational structure and implementing necessary adjustments due to production tier levels, new hires, terminations, or split case sales.
• Ensuring the accuracy and efficiency of commission data, which necessitates keen attention to detail.
• Assisting in the maintenance of Pandia and Salesforce data integrity, monitoring for errors and resolving them promptly.
• Communicating with internal and external stakeholders to research and verify the status of existing insurance policies, financial accounts, and other products offered by the company.
• Managing DTCC (Depository Trust & Clearing Corporation) commission feed-related tasks.
• Engaging with sales representatives, including monthly reporting, date inquiries, and problem resolution.
• Preparing and analyzing quarterly production bonuses for sales representatives and their service teams.
• Analyzing and presenting sales performance results.
• Preparing annual budgets by representative and line of business.
• Other assignments and responsibilities as necessary.
POSITION QUALIFICATIONS/REQUIREMENTS
Minimum Qualifications
• Bachelor's degree in Accounting, Finance, Information Science and Technology, or a related field.
• 2-3 years of analytical experience.
• Proficient in MS Office.
• Strong attention to detail.
• Excellent communication skills, both written and verbal.
• Commitment to maintaining the highest level of confidentiality with client and internal staff information.
Preferred Qualifications
• Experience in the wealth management sector.
• Familiarity with ERP or accounting systems, particularly NetSuite.
• Proficient with Salesforce CRM; experience with Financial Services Cloud is advantageous.
• Ability to prioritize and manage time effectively in a fast-paced environment.
• Advanced computer software skills, including the ability to write macros in Excel and other accounting packages.
• A desire to continuously learn, undertake a wide range of tasks, and grow with our company.
Larson Network Services, LLC offers a comprehensive employee benefits and perks package:
• Profit Sharing Bonus Program
• 401(k) Employer Match up to 4%
• Medical Insurance (HDHP HSA 5000 plan is 100% ER PD – other plans available with shared cost)
• Dental Insurance
• Vision Insurance
• ER PD Long Term Disability
• ER PD Life Insurance
ER PD EAP
• Voluntary Life & STD available
• Supplemental Insurance available
• Paid Time Off (112 hours after 90 days)
• Holiday Pay (12 Holidays)
• Training & Education
• ER Events, Awards, Activities
