Commission Associate

Legal & General America•Frederick, MD

9d•$48,500 - $58,000•Hybrid

About The Position

At Banner Life Insurance Company, we lead with heart and ambition. Every day, we transform purpose into progress, guided by our unwavering commitment to be better for our customers, clients, and communities, not just today but long-term as well. Our people are the driving force behind everything we achieve. Their passion, purpose, and pursuit of innovation empower us to deliver cutting-edge solutions that support those we serve, ensuring we are here for you, here for good and striving for better. We’re a forward-thinking company energized by our work and how we show up for one another. Our culture is built on meaningful impact and genuine enjoyment, because we believe great work and great experiences should go hand in hand. By offering career development opportunities, comprehensive benefits, and programs that support your wellbeing, we help you thrive personally and professionally. We are here for you, here for good and here for better. The Commission Associate will deliver prompt, accurate and courteous service by handling verbal and written inquiries for general agencies and other Banner Life departments concerning Commissions.

Requirements

High School diploma or equivalent
Some college preferred
2+ administrative/customer support experience
Client service/phone handling
Ability to problem solve and analyze commission statements
Computer knowledge - ability to create, edit, retrieve, save, and print
Ability to learn new software
Knowledge of Microsoft Office (Word, Excel, PowerPoint, Outlook & Access)

Responsibilities

Review daily commission activity including payment listings and error reports. Audit random records for accuracy. Research amounts that require management approval and verify their accuracy. Report results to management daily. Prepare checks and EFT payments for distribution to agencies.
Research and respond to agency compensation related requests such as confirmation of payment dates, rates of commission, hierarchy records and stop payment requests. Coordinate corrections with Administrative Services Unit and Finance Department staff. Communicate result to agency staff. Prepare and submit for approval appropriate check requisitions and other administrative forms to ensure correct and timely payments or compensation adjustments.
Maintain records of tax levies, social services required income withholdings, escheat accounts and other required commission monitoring. Set up payment amounts and dates according to standard, draft correspondence to impacted broker and government agency upon set up, payment and release.
Review and verify 1099 MISC reporting records for accuracy and process corrections as needed.
Research agency/broker debit balances, determine accuracy and develop documentation in support of the balance due. Maintain agent debt management file and record payments received, collection agency fees and legal expenses. Respond to broker inquiries and correspond with collection agency.
Record daily task activity and maintain record tables for processing issues.
Complete special projects and provide administrative support to other business areas as directed by management.
Process monthly suspense report- verify if funds need to be paid to an agent and balance out report for Finance.
Prepare correspondence, emails, letters, memos, reports.
Review, prepare and distribute bonus reports.
Complete special projects and provide administrative support to other business areas as directed by management.