Commission Specialist

Integrity • Fort Wayne, IN

1d

About The Position

A Commissions Specialist reviews statements of commissions paid to Ash Brokerage to determine if overrides should be paid on individual cases. The Commissions Specialist also resolves discrepancies, determines the amount(s) to be paid according to agreement, creates a Statement of Account for each payee to initiate payment of override, serves as commission subject-matter expert and sustains continuous focus on improvement of processes and services.

Requirements

• Ability to read and interpret documents such as procedure manuals and contract language
• Ability to write routine reports and correspondence
• Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals.
• Ability to compute rate, ratio and percentage
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists
• Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form
• Ability to quickly grasp the concepts of using the internal agency management system
• Ability to multi-task and pivot when needed
• Strong attention to detail and tenacity to correct identified errors
• Associate's degree or equivalent from two-year college and six months to one year related experience; OR Equivalent combination of education and experience.
• Demonstrated PC literacy with ability to maneuver within multiple systems and applications

Nice To Haves

• Prior experience working in a numbers-related field requiring accuracy is highly desirable.
• Previous knowledge of insurance licensing is highly desirable.
• Microsoft Excel and Word

Responsibilities

• Perform line-item review of statements of commissions paid to Ash Brokerage for specified companies.
• Access agency management system and other manual and automated records to determine if override is due.
• Based on the carrier and the effective date of the case, determine appropriate grid from which to obtain payment detail required to calculate the various components of the override hierarchy.
• Reconcile total override to be paid, against commission received by Ash Brokerage to ensure accuracy of distribution.
• Perform ongoing audit of commission and override data stored in system and initiate correction of discrepancies.
• Respond to producer inquiries requiring interpretation and explanation of method of commission or override calculation.
• Research discrepancies and resolve issues.
• Serve as in-house commission expert for internal personnel.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree