Analyst, Producer Commissions and Incentive Payables

World Insurance Associates, LLC.

23d

About The Position

World Insurance Associates (“World”) is a unique financial services organization with a global network of brokers and specialists who empower people to make informed decisions to improve their risk management outcomes, modernize their benefits programs, and help them achieve their long-term financial goals. Founded in 2011, World is one of the fastest-growing, Top 25 insurance brokers in the U.S. with nearly 3,000 employees in more than 300 offices across North America and the U.K. World specializes in personal and commercial insurance, surety and fidelity bonding, employee and executive benefits, investment advisory and retirement plan services, and payroll & HR solutions.

Requirements

Bachelor's Degree preferred
Required Minimum of 2 years' experience in accounting, insurance industry
Prior commission payable experience preferred
Required Proficient in accounting software and Microsoft Office Suite or related software

Responsibilities

Prepare statements and communications for unit leader and producer bonuses in accordance with employment agreement terms
Review of new acquisition employment agreements for tracking unit leader and producer bonuses
Prepare statements and communications for acquisition bonuses in accordance with asset purchase agreement terms
Review of new acquisition asset purchase agreements for tracking acquisition bonuses
Setup of employee profiles in agency management systems with default commission rates in accordance with employment agreements
Preparation of monthly journal entries related to accrued bonuses and bonus payments
Reconciliation of unit leader and producer bonus general ledger accounts
Coordination with IT and agency management system specialists to ensure producers are properly coded to accounts at prior and post conversion into World agency management systems
Provide payroll or accounts payable with payment information related to producer, unit leader, or acquisition bonuses on timely basis
Prepare monthly producer draw reconciliations and related journal entries. Update tracking schedule for producers in draw deficit, to be presented to management.
Ad hoc projects as assigned by management
Maintain and update monthly schedule of all variable compensation employees and coordinate changes with payroll, HR, and other relevant departments
Coordinate addition of new brokers in our agency management systems with operations, legal, and regulatory affairs